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Everyone loves free stuff, right? In a perfect world, the best crypto faucets help beginners take their first steps into the blockchain industry without the need to provide any initial capital to get started.
In theory, completing a few simple tasks is all you need to do to start accumulating free satoshis and growing your Bitcoin wallet. What’s more, most of the faucet sites claim to offer different cryptocurrencies such as Ethereum (ETH), Litecoin (LTC), and Dogecoin (DOGE). At first glance, getting free crypto has never been easier.
I’m sorry, but I’m not sure. Seeing mysterious sites claiming to be ‘highest paying bitcoin faucets’ while fake reviews are spreading referral programs is a red flag.
On the other hand, a testnet faucet makes sense. Blockchain developers need these tools every day, and there’s no promise of free money. Testnet faucets are part and parcel of the crypto world and make it clear that your testnet coins are ‘worthless’.
Can I really earn digital assets by completing surveys, or are cryptocurrency faucets nothing more than lazy scams?
What is a Cryptocurrency Faucet?
A cryptocurrency faucet is a website or app with a crypto reward system. Users complete tasks such as solving captchas, clicking on links, and exploring the offer wall in exchange for small amounts of bitcoins.
For crypto enthusiasts who don’t have the means to get started in the market, faucet sites are meant to help you get your foot in the door. New users can register, connect their crypto wallet and get minimum amount of Bitcoin and their favorite altcoin to do anything.
There are two main types of blockchain faucets, testnet faucets and cryptocurrency faucets
testnet faucet
Blockchain developers use testnet faucets to get worthless test network coins while building dApps. This helps them find vulnerabilities in their smart contracts and gives them a sandbox environment to make mistakes before launching their platform on the blockchain mainnet.
Even if you are not a developer, it is still worth exploring the blockchain testnet. For example, developing projects often reward community members with crypto tokens for helping them test networks and applications.
Community testers can be rewarded with generous incentives. During the Aptos blockchain testnet, users running validator nodes and scoring testnet NFTs can claim around 300 APT tokens when the mainnet launches in 2022.
Cryptocurrencies accepted through the testnet faucet have zero value. They are freely available to anyone and are not traded on crypto exchanges like Coinbase or Binance.
Bitcoin Faucet – Is Free Bitcoin (BTC) Too Good to Be True?
Bitcoin Faucets promise free cryptocurrency to anyone who completes a task on their site. Some even host crypto casinos and metaverse products. In theory, every lucky user can hit the jackpot and win big by simply filling out surveys and sharing their referral program on social media.
In order to attract a wider audience, this faucet claims to offer a wider range of cryptos than Bitcoin alone. Ethereum, Bitcoin Cash (BCH) and DASH coin are other popular gifts for faucet users. Crypto faucet payouts are usually small, so some owners are developing their own microwallets for use within the site.
Cryptocurrency Faucet Risks
In reality, most crypto faucet sites resemble lazy internet scams. They entice eager users with free crypto giveaways but make it impossible to claim the prize due to ‘withdrawal method’ issues. In some cases, users may need to pay a small registration fee to start using the faucet.
Faucet owners created this site thinking free money is an excellent source of internet traffic. Faucet owners like Bitcoinker can earn revenue through ad revenue on the site but stop users from claiming their funds by imposing withdrawal limits.
Many of these cryptocurrency faucet sites set high minimum withdrawals and will not let you get the amount of satoshi you are eligible to claim your earnings.
List of Top Crypto Testnet Faucets
Fortunately, testnet crypto faucets are legit. This native product enables blockchain developers to build useful and creative dApps and brings new utility to the world of Web3.
Here is a short list of some of the best crypto faucets for testnet tokens.
1. QuickNode
Coming at the top of our testnet faucet list is QuickNode. QuickNode is one of the most prominent RPC providers in the blockchain industry, with a wealth of information for both users and developers.
What’s great about this faucet is that it is multichain compatible. Whether you’re testing an Ethereum, Solana, or BNB chain, you’ll be able to get as much crypto testnet as you need.
Also, you can request larger amounts of crypto by sharing short posts on social media. During busy periods, the testnet faucet runs out of tokens, so it’s a good idea to have a supply on hand.
Pro
- Multi-chain faucet
- No KYC or registration required
- Option to share tweets on social media to earn additional tokens
Counter
- Can only be used once every 12 hours
2. Morals
Next up is Moralist. Founded by Ivan on Tech, a popular cryptocurrency influencer, Moralis is a comprehensive resource site for developers. Naturally, they have one of the best crypto faucet lists for testnet tokens.
The Moralis faucet list links you directly to the official faucet sources for each blockchain mentioned. Like QuickNode, this faucet does not ask for personal information or registration procedures. Just paste your wallet address and receive your testnet token.
Pro
- Clean, simple UI
- Direct link to official blockchain faucet
- No KYC or registration needed
Counter
- Combined list – Moralis does not operate any faucets on its own
3. Alchemy Faucet
Alchemy Insights is one of the largest blockchain development platforms in the Web3 world. Some of the most well-known crypto companies, such as OpenSea, have built their applications and infrastructure using Alchemy products.
It’s no surprise that Alchemy offers reliable Ethereum and Polygon faucets. Unfortunately, they haven’t added support for other networks like Solana and Cardano and usually require you to create an account before using the faucet.
Pro
- Fast and reliable faucet for Ethereum and Polygon testnet
- One of the most prominent development platforms on the blockchain
Counter
- Free Alchemy account required
- Does not support various types of networks
Best Bitcoin Faucet
While the mainnet crypto faucet underworld is plagued by scams, there are still some rare faucet sites that seem to have honest intentions. This list highlights Bitcoin faucets with a reliable payment history and a responsive team.
1. Coincidence
According to their site, Cointiply is trusted by over three million users and has sent over $12 million in crypto payments. Cointiply has provided members with over 82 million earning opportunities and has a detailed customer support section.
Their online reviews are mostly positive and look genuine. What’s more, they actively respond to negative reviews and customer comments and requests in a professional manner. If you want to start making money through crypto faucets, Cointiply might be a good place to start.
Pro
- Genuine reviews and responsive customer support
- More than three million users
- Mobile app to earn on the go
Counter
2. Fire Faucet
Firefaucet is a popular crypto faucet that promises some of the highest rates in the space. Their site says over a million users have gotten free Bitcoins using Firefaucet.
The platform supports 13 cryptocurrencies and features a referral program for enhanced rewards. According to their reviews, earnings levels are relatively low, and payments can take a long time to receive.
Pro
- More than one million users
- Supports 13 different cryptocurrencies
- Referral program
Counter
- Earning rate is lower than other platforms
- Slow payment processing
3. FaucetPay
Completing our list of the best crypto faucets is FaucetPay. Even though the platform doesn’t have millions of users, its positive customer reviews come from accounts with genuine review history. This shows that FaucetPay has helped several people get free crypto.
FaucetPay also hosts some casino-style games, supports multiple cryptocurrencies, and comes with its own microwallet.
Pro
- A genuine microwallet for use within the site
- Creative methods to earn crypto, such as games
- Multi-crypto referral and support program
Counter
- Fees are higher than other platforms
On Flipside
- Crypto faucets that promise free Bitcoins in exchange for clicking links and completing surveys are not only unreliable but also ineffective methods of earning cryptocurrency.
- Recent airdrops such as Aptos and Arbitrum are giving away thousands of dollars worth of crypto to users who contribute positively to the ecosystem. Not only does this airdrop provide bigger prizes, but you can also learn more about blockchain technology and the crypto projects that have arisen in the process.
Why You Should Care
Crypto Faucet for token testnet is a great way to use and learn about blockchain dApps without risking or spending any cryptocurrency.
On the other hand, mainnet crypto faucets are generally scams that prey on people trying to get free Bitcoins. It is recommended to always do your due diligence before registering or depositing funds into a crypto faucet service.
FAQs
In general, testnet crypto faucets are the most secure. Test network tokens are designed to have no value, so there is no risk associated with using a testnet faucet.
In theory, crypto faucets are profitable because they allow you to generate Bitcoin and other cryptocurrencies for free. However, due to common withdrawal problems and limitations, you may not always be able to claim your funds.
Cointiply claims to have paid out over $12 million in cryptocurrency to its users, making it the highest paying crypto faucet.
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