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A beginners guide to crypto currencies & crypto faucets

Be sure not only to read our guide but also to research other blogs and watch tutorials on YouTube; there’s plenty available! Happy exploring!

What is a crypto faucet?

The internet is currently infatuated with cryptocurrencies. At first, I disregarded them since they weren’t real money. I’m now a firm believer in cryptocurrency and blockchain technology after doing my homework on bitcoin faucets (and earning some money).

In this guide, I will lead you down the path that led me to find the best crypto faucets out there today. It can be a confusing world of information overload, so I hope this guide will quickly help people get on track.

Note that most of these bitcoin faucets are referral links meaning if you sign up using my link, I get credit for referring you.

This is not financial advice, nor am I professing expertise in cryptocurrency trading. This is simply an explanation of how to acquire cryptocurrency for free & profit it at home without purchasing equipment or signing up for an exchange.

Why cryptocurrencies?

Are you sick of the banking system and credit card companies taking your money AND profits? That’s what happens when you purchase items on Amazon with a credit card (or any other banking service).

Cryptocurrencies are decentralised, which means that no bank or credit card company is profiting off transactions. They simply transfer funds between two people at almost zero cost to either party. All this is achieved through blockchain technology which I won’t get too technical with (yet).

Cryptocurrencies are slowly starting to take over the world; once you understand the concept behind it all, why wouldn’t you want to be involved in this revolution? Blockchain technology has the potential to solve many problems that the world is currently facing. For example, buying your coffee with cryptocurrencies can help reduce the costs of transaction fees for retailers. What if you could purchase goods directly from manufacturers, cutting out all middlemen? The possibilities really are endless.

This isn’t an investment guide but an explanation of how anyone can make cryptocurrency at home (if they want to). If you would like to know more about mining rigs and exchanges, check out my other post: 7 things I wish I knew before trading cryptocurrency.

What do I need to get started?

A computer or device that can connect to the internet You won’t be able to take any action until you have signed up for a free account online.

What is a cryptocurrency?

A cryptocurrency (or cryptocurrency) is a digital asset designed to work as a medium of exchange using cryptography to secure the transactions and control the creation of additional currency units (i.e., mining). A defining feature of a cryptocurrency, and arguably its biggest allure, is its organic nature; it is not issued by any central authority, rendering it theoretically immune to government interference or manipulation.

What is a crypto faucet?

A crypto-faucet is a reward system that dispenses free cryptocurrency. The reward system that you will learn how to use works today on many of the top cryptocurrencies, including Bitcoin (BTC), Litecoin (LTC) and Dogecoin (DOGE). You simply enter your wallet address or cryptocurrency exchange account wallet address into their systems; each time you do this, you receive free coins! For doing absolutely nothing other than giving these websites your bitcoin wallet address information. Sounds too good to be true, right? It’s not! They are entirely legit. However, there are some essential things that you should know about these sites before up for them. When learning how to use a crypto faucet, you will have two options: -Create a free account on a website that allows you to do so.

To earn free cryptocurrencies you can complete tasks such as creating the account and, of course, filling out reviews (this is very important for some sites). The benefit of doing this is that it will make earning faster. You also get more of the lower-paying satoshi per click (which I am not showing here). A downside is that not all sites allow you to create an account and must be used with only one address.

-Use the second method, which does not require accounts or further effort on your part; simply copy and paste your receiving cryptocurrency wallet address into their system and start earning coins. The downside is that it takes longer but, this is how I will be showing you today since creating accounts and filling out reviews for these crypto faucets can be a very time-consuming process.

What are the best cryptocurrencies to invest in?

Bitcoin (BTC): The original and most widely used cryptocurrency by far, Bitcoin was created in 2009 by developer Satoshi Nakamoto and has since grown into a technology, a currency (some consider it as “digital gold”), an investment vehicle, and more; the total value of all bitcoins currently in existence is over $9 billion. -Litecoin (LTC): A peer-to-peer cryptocurrency released under MIT/X11 license, using scrypt as its proof of work algorithm; it is one of the leading altcoins, recently becoming even more popular than Bitcoin. -Dogecoin (DOGE): A peer-to-peer cryptocurrency featuring a Shiba Inu from the “Doge” Internet meme on its logo; Dogecoin was intended to be fast, light and cheap, but has since retired in popularity.

What are some exchanges where you can buy cryptocurrency?

The largest exchange by far right now is Coinbase. When signing up for an account, you can use this link to get $10 in free bitcoin (buy/sell $100 worth). Coinbase is one of the most simple and straightforward platforms for buying and selling cryptocurrencies. Create an account now and get started. Sign up for a free account here. Once you have finished all the steps, you will have an option to buy Bitcoin or other cryptocurrencies directly from your dashboard. The process is speedy, secure and easy to do.

How does a faucet earn money?

Faucets work as ad networks by serving ads through their website in return for coins from users visiting their sites. In addition, some sites display ads outside of the browser window – pop-under ads – which may lead to increased earnings but often put off users who find it annoying or intrusive. Faucets earn revenue by showing ads and through referral commissions; when you sign up for a faucet, the sponsor’s account gains credit.

How to start earning free cryptocurrency?

The process of joining each faucet is usually quick and straightforward. You will need to give your name and address (which is why this method requires an email address). Once you’ve signed up, your wallet address can be used on all supported faucets without signing up again! Of course, if it takes too much time or effort, you can simply opt for one of the more accessible options I mentioned above. You only need to use your wallet address every 60 minutes before it expires, which allows you plenty of time to use it as many times as you like on various faucets.

What are cryptocurrency wallets?

A cryptocurrency wallet is a software program that holds your private cryptocurrency keys (used for spending, receiving and storing coins). Keeping the private keys yourself means you have complete control of your funds, and no outside influence can get to them; this also means that only YOU can access your funds. You can choose any location to store your cryptocurrency wallet files (usually an offline computer or USB device); make sure the files are properly backed up in case of a hard drive failure or other issues which could compromise your wallet data! It’s best not to store all of your cryptocurrencies in one place; spread out across multiple places makes it harder for someone to take them all. It’s also good to keep one or two in an offline USB drive (or even a paper wallet) for added security.

If you are looking for a new way to earn free cryptocurrency, take some time to explore the world of blockchain and find out how cryptocurrency works. You may be able to use your knowledge to make money by trading crypto coins or mining them with specialised software. Mining is difficult, though, so before starting that endeavour, you must learn more about what this entails first. Be sure not only to read our guide but also to research other blogs and watch tutorials on YouTube; there’s plenty available! Happy exploring!