Top Crypto Faucets To Earn Free Crypto - Crypto Breakdown February 9, 2022

Episode Summary:

In this episode, I explain what faucets are and list some of the top crypto faucets where you can accumulate free cryptocurrency.

Questions? Ask at [email protected] and we will answer!

Hosts:

Joe Dewitt Follow at: https://twitter.com/metabitz

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Unedited Transcript:

Hey everybody happy Wednesday. My name is Joe Dewitt, and this is the crypto breakdown. Today. I'm going to talk a bit on how to earn some free cryptocurrency, otherwise known as faucets. And for those of you that are unaware of what a faucet actually is. Let me explain it a little bit for you. So a faucet is a site or an app that actually rewards you with crypto for completing simple tasks like watching videos.

Taking surveys or reading different articles. Sometimes referring friends also can get your rewards and every day the faucet will credit your Bitcoin wallet or whatever wallet you choose to use. And it'll actually send you the crypto most exchanges or platforms that actually do this. We'll have a.

Or some sort of restriction on when you can actually withdraw the funds. So they'll make you hold it for 20 days, 30 days, however long to make sure that people don't just bounce between different faucets and earn as much free cash as possible. So there is a little bit of a limitation there. If you're comfortable waiting a bit to withdrawal your funds, it could still be very beneficial.

So the reason that companies use these faucets is actually attracted visitors. So the amount of crypto that these companies give away as the marketing fee for bringing new people to their platform and usually doing this would involve making an account with the exchange or platform that you're trying to use.

Adding your crypto wallet. Following the guidelines to complete some of the tasks who aren't some free crypto. Now I will mention a few of the top crypto faucets out right now. The first one being Binance, which Binance is very popular crypto exchange where you can buy and sell most crypto's.

So Binance allows you to receive up to 50% discount on trading when you use their own tokens. So it's like getting paid for doing your regular trades, although with less risk and you can also receive free Bitcoin by inviting others to their platform. A second example would be Coinbase, which Coinbase is another very popular cryptocurrency.

 Exchange and wallet, which allows you to buy and sell cryptos and the faucets on Coinbase, they actually provide quite a bit. They have different videos, different articles that you can choose from different surveys that you can take, and they will reward you with quite a good amount of crypto that you can actually build up as crypto credit and then take out of.

There's also a bonus Bitcoin, which is one of the most popular faucets around because of their very generous referral program, where you get up to 40% of commission on their earnings. Another great option would be block fi, which offers a wide range of options. When thinking about Bitcoin faucets, the same thing we've been discussing, there's videos, they're serving.

Testing new apps. Some even like to play games and these rewards, you can get in as little as 30 minutes. So we're just watching a quick video. Their minimum withdrawal is $100. So you'd have to build up a little bit of a faucet that funds before you can withdrawal another great option. If you're looking for faucets would be cracking.com, which is another crypto exchange platform.

Which offers roughly the same features of the others. And just a few more in case you are curious and would like to go out and earn yourself some free Bitcoin there's coin, faucet, moon cash, Toro, Gemini, and Satoshi quiz, which all gave up. Rewarded cryptocurrency for completing some of the tasks on their website.

So if you are looking to build up a bit of crypto for free and you have a little bit of time on your hands, definitely check out some of these websites go over and see what they have to offer. There's nothing wrong with earning a little bit of free crypto. All right. And that's all the time we have for today, guys.

Thank you so much for tuning in. I hope you can get out there and earn some free cryptocurrency as easy as possible. If you want to fall and subscribe to the podcast, that'll all be in the description. Have a great Wednesday quickly. I just want to say that this is not financial advice. I encourage everyone out there to please do your own research before investing in cryptocurrencies, as they are very volatile assets.

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