Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.
A crypto faucet enables users to earn small rewards in return for completing simple tasks. These rewards are typically offered in the form of cryptocurrencies.
This guide reviews the best crypto faucets for 2023. We also explain how crypto faucets work and discuss how to get started today to start earning free tokens.
The Best Crypto Faucet Projects for 2023
Below is the list of the best crypto faucets of 2023:
Bitcoin ETF Token – The best crypto faucet for passive income from a high staking APY, with project milestones tied to the approval and growth of a Bitcoin ETF.
Bitcoin Minetrix – A new crypto faucet offering hassle-free Bitcoin cloud mining for token holders—stake BTCMTX, earn mining credits, cloud mine Bitcoin rewards.
Meme Kombat – An ERC20 crypto faucet, offering an APY of 291% for staking during the presale. Token holders wager on AI meme battles to earn rewards.
Cointiply – A crypto faucet for earning free cryptocurrencies for completing tasks that include: playing games, watching videos, shopping, and sharing product reviews.
FreeBitco.in – Best long-standing Bitcoin faucet with over 50 million registered users and multiple games, including one where players can collect free Bitcoin each hour.
Fire Faucet – Claim free cryptocurrencies from this crypto faucet for completing a variety of simple tasks, including filling out surveys and watching videos.
Allcoins.pw – Choose from 14 different cryptocurrencies to earn from this crypto faucet for completing menial tasks. Also featuring a web miner that allows you to use an idle CPU to mine crypto.
BTC Clicks – The best crypto faucet for earning Bitcoin by simply watching adverts. Users can also partake in a referral and affiliate programs.
Bitcoinker – One of the best free crypto faucets available right now, where users simply solve captchas to earn free Bitcoin (max of 120 per day).
Moon Bitcoins -An excellent alternative to a crypto faucet. A Bitcoin cloud mining service where users can earn free Bitcoin by participating in an affiliate program.
Rollercoin – The best gamified crypto faucet for earning Bitcoin. Build an in-game mining rig to compete against others players for a share of Bitcoin block rewards.
To help choose the best crypto faucet – we have included reviews of the top 10 platforms in the following sections.
Analyzing the Top Crypto Faucets
Crypto faucets are relatively straightforward. On these platforms, users are required to carry one, or multiple, of a variety of tasks to earn free cryptocurrencies.
However, the type of task and the amount of free crypto offered can vary from one platform to another.
Below, we have included comprehensive reviews of the top 10 crypto faucets that give away free tokens.
1. Bitcoin ETF Token – Best Crypto Faucet Featuring a High Staking APY, Token Still Available at a Presale Discount
Bitcoin ETF Token is the best crypto faucet with a low token price during the presale and up to 500% staking APY. This token also has a hugely speculative value designed to leverage the approval of a Bitcoin spot ETF by the Securities and Exchange Commission (SEC).
To participate, you’ll first have to buy $BTCETF tokens on the Bitcoin ETF Token website with ETH, USDT or a card. If you own MATIC and BNB you can also use them to purchase $BTCETF tokens—however, you won’t be eligible for the high-APY staking if you buy using either of these two coins.
In the early stages of the presale, you get a lowest token price, starting from $0.0050 in the first stage of the presale. This steadily rises to a price of $0.0068 per token in the last stage of the presale.
Staking tokens bought in a presale opens you up the faucet, with a generous APY of up to 500%. Note, the more tokens bought and staked on the Bitcoin ETF Token website the lower this APY drops.
To help the token price, the team will burn 25% of the total token supply, in 5% increments, as each of 5 milestone around the spot Bitcoin ETF approval is reached. These milestones include the approval of the first Bitcoin ETF, the launch of the first spot Bitcoin ETF, as well as reaching $1 billion in total assets under management in all Bitcoin ETFs.
Follow Bitcoin ETF Token on X and join the Bitcoin ETF Token Telegram channel to get the latest information. Also, make sure to read the whitepaper for more details.
Presale Started
6 Nov 2023
Purchase Methods
ETH, USDT, BNB, MATIC and Card
Chain
Ethereum
Min Investment
None
Max Investment
None
2. Bitcoin Minetrix – Crypto Faucet for earning Bitcoin Cloud Mining Rewards, Presale Stakers Earn Extra Rewards
Bitcoin Minetrix ($BTCMTX) is close to the top of our list of the best crypto faucets as token holders can earn passive BTC income by mining Bitcoin via the cloud. Early participants in the presale can also stake their BTCMTX tokens to earn a high APY, currently 115%.
Since its launch, the project has has raised over $5.2 million of a $33 million hard cap, with the presale token price rising steadily . The platform will operates a “Stake-to-Mine” model, where users stake their $BTCMTX tokens and, in return, earn non-tradable mining credits. Users can then burn these credits to secure Bitcoin mining power, where they then sit back and earn some Bitcoin mining revenue.
An integrated dashboard, optimized for both desktop and mobile, will allow users to get a comprehensive overview of their mining activities, showing vital metrics like hashing power and accrued mining credits.
Most importantly, users can unstake their tokens and trade their $BTCMTX tokens whenever they wish or need to.
For those looking for more information the Bitcoin Minetrix’s whitepaper offers an in-depth view of the platform’s vision and utilities, and the Bitcoin Minetrix Telegram channel is a great place for the latest news and updates.
Presale Started
26 Sept 2023
Purchase Methods
ETH, USDT, BNB
Chain
Ethereum
Min Investment
$10
Max Investment
None
3. Meme Kombat – Stake-To-Earn Faucet With the Future Ability to Wager Tokens on AI-Generated, Meme-on-Meme Combat
Meme Kombat ($MK) is an interesting crypto faucet that could make a big impact within the meme industry. In this ecosystem, the world’s most successful meme tokens fight one-on-one.
This presale has already raised almost $3 million to build the meme platform, and the presale will soon be coming to a close. Participants in the presale can immediately stake their tokens, sit back and earn an APY in excess of 290% at the time of writing.
Once the platform is launched, token holders can wager their tokens on the outcome of the meme-on-meme battles—although staking will still be available for those who are happy just staking to earn tokens (users can both wager and stake if they wish).
These battles are designed to be entertaining and engaging, using AI rendered scenes and fights. The fights are selected at random by AI and all wagers are processed via smart contracts on the blockchain, meaning that funds are automatically distributed to the winners. The Meme Kombat Whitepaper explains the process in more detail.
This is an innovation within the meme coin space and will start with an initial group of 11 memes. After this first Season is completed, more memes and battle styles will be introduced.
The founder of this project is doxxed, which is a positive indication in terms of overall transparency, and those who are interested in this new crypto faucet should consider joining the Meme Kombat social accounts on Telegram and Twitter.
Presale Started
September 2023
Purchase Methods
ETH, USDT, BNB
Chain
Ethereum
Min Investment
$5
Max Investment
None
4. Cointiply – Only Crypto Faucet Here That is Also Available as an Android App
Cointiply is one of the most popular crypto faucets out there. According to the platform, it has over 3 million users and has paid out more than $12 million worth of free cryptocurrencies since its inception.
To be eligible to receive free cryptocurrencies, users play games, watch videos, shop online, and share reviews of products. An average user can earn around $30 worth of cryptocurrencies via the platform. Users are eligible to make a withdrawal after accumulating the equivalent of $3 worth of digital coins.
Moreover, Cointiply offers its services for free. That being said, some high-reward tasks or games may require additional purchases, but this is entirely optional. Additionally, Cointiply also offers a loyalty bonus of up to 100% for users who log in every day.
Finally, and the thing that gets Cointiply so high up this list, is that all of this is available in a crypto faucet app that can be installed on Android devices.
5. FreeBitco.in – Faucet Crypto Platform Offering Bitcoin Every Hour for Playing a Game
With more than 50 million registered users, FreeBitco.in is one of the best crypto faucets for Bitcoin investors. As of writing, the platform has paid out more than 247,000 BTC tokens. FreeBitco.in users can collect Bitcoin every hour by playing the platform’s in-house game.
This is a Bitcoin dice game designed to be provably fair using blockchain technology. The game also features a jackpot that offers a top prize of up to 1 Bitcoin. FreeBitco.in users can also participate in P2P event prediction games to multiply their earnings.
Like Cointiply, FreeBitco.in also offers interest on Bitcoin deposits made into the platform. Investors can add Bitcoin to their FreeBitco.in wallet and earn an APY of 4.08%. FreeBitco.in also offers a referral program where users can earn 50% of the earnings of those they referred, along with a free lottery ticket.
6. Fire Faucet – Earn 13 Different Digital Tokens by Completing Simple Tasks on This Crypto Faucet
Those seeking free crypto faucets that offer a wide range of digital tokens should look no further than Fire Faucet. This platform offers some of the most searched for cryptos, such as Bitcoin, BNB, Tether, Cardano, Ethereum, Litecoin, and more.
Users can earn free crypto by filling out surveys, watching videos, and completing other simple tasks.
Fire Faucet also has a reward system in place to incentivize regular users. For every task completed, Fire Faucet rewards users with EXP. The 20 users with the most EXPs at the end of a day will be offered additional rewards.
In addition to this, we also found that Fire Faucet offers one of the best user experiences as it is one of the few crypto faucet sites that does not have any invasive popups ads.
7. Allcoins.pw – A Crypto Faucet Featuring a Web Miner, Earn Crypto While away from Your Computer
Allcoins.pw is one of the best crypto faucets in the market today. What is most attractive about this platform are its Web Miner and Autofaucet features.
Web Miner: Allows you to use your CPU to mine proof-of-work cryptocurrencies while away from your computer. 14 cryptos are available for mining at the time of writing.
AutoFaucet: This does the claiming for users, making crypto faucet harvesting a breeze. To use it, users first have to collect some autoClaims.
It is also possible for users to choose which cryptocurrencies they earn via these features. Earned rewards are automatically added to the user’s account balance, and the user can withdraw them when it is convenient for them.
Users of Allcoins.pw can also earn free crypto via traditional crypto faucet methods—such as completing surveys, visiting websites, watching videos, and playing games.
At the time of writing, Allcoins.pw offers faucet support for 14 cryptocurrencies, which includes Bitcoin and some of the best altcoins such as Ethereum, Litecoin, Tron, Cosmos, Solana, and Elrond.
8. BTC Clicks – A Bitcoin Crypto Faucet, Earn BTC for Watching Advertisements, Also Featuring an Affiliate Program
BTC Clicks is another faucet crypto that has been in operation for a while. This platform offers free Bitcoin in return for watching advertisements. Users can claim up to 0.00005 mBTC for every click.
BTC Clicks offers two types of memberships for users seeking to earn free Bitcoin. As is often the case, premium members are offered higher rewards for completing tasks. For instance, a standard member can earn 0.00090 BTC per day for click rewards.
On the other hand, a premium member is offered double the amount for the task. However, the premium memberships cost 0.21600 mBTC for three months. So, this plan is best suited for those willing to spend a large amount of time on the BTC Clicks website.
BTC Clicks also has a referral program that offers between 40% to 80% commission. The minimum payout here is 0.10000 mBTC.
9. Bitcoinker – Free and Simple Bitcoin Faucet, Earn BTC for Completing Captchas
Bitcoinker is a crypto faucet that pays up to 100,000 Satoshis every five minutes. For those unaware, one Satoshi is equal to 0.00000001 BTC. To claim this reward, users are simply required to solve captchas.
A user can collect free cryptocurrencies through Bitcoinker a maximum of 120 times every 24 hours. The payouts are made on the first day of every month for accounts with a minimum balance of 20,000 Satoshis.
As such, even if a user meets the threshold quickly, they will have to wait until the beginning of the next month to collect their payout.
Bitcoinker is also one of the best free crypto faucets for bonuses, as active users of Bitcoinker receive percentage bonuses. For instance, those who have used Bitcoinker regularly for over 31 days receive a 10% bonus on all payouts, and those who have used it for over 151 days receive a 30% bonus.
10. Moon Bitcoins – Crypto Faucet Alternative, Bitcoin Cloud Mining Service with a Great Affiliate Program
Moon Bitcoin is not a typical crypto faucet. It is, in fact, a crypto cloud mining website that offers free Bitcoin to its users. With Moon Bitcoin, investors don’t need to worry about the cost of Bitcoin mining equipment, nor do they need any technical expertise.
Moon Bitcoin offers several paid plans as well as a free subscription, with the reward rate increasing with each plan, as well as the size of the affiliate bonus—which is 100% on v4. The free BTC tokens offered will be minute in quantity – very much like a crypto faucet for Bitcoin, and any Bitcoin earned through the platform will be automatically transferred to the user’s account on the website.
What is a Crypto Faucet?
In a nutshell, crypto faucets are platforms that reward their users with free digital tokens when they complete certain tasks. The concept of crypto faucets was first created in order to spread awareness about blockchain technology.
The metaphor is derived from how small drops of water from leaky faucets eventually fill a cup.
Similarly, with crypto faucets, the rewards are extremely tiny. However, over time, they can add up. That being said, how much a user will earn will depend on the types of tasks they complete.
Now, naturally, the biggest question is how the best crypto faucets have the capacity to give digital tokens away for free. Usually, websites take money from advertisers or other sponsors to be able to provide free cryptocurrencies.
However, as is evident from our reviews above, there are also many platforms that are coming up with creative ways to offer free cryptocurrencies to users.
How do Crypto Faucets Work?
To get crypto rewards, investors simply need to sign up with the chosen platform and connect their wallet. Once they have completed all requirements, the rewards will be transferred to the wallet.
However, as we noted above, crypto faucets require their users to complete a set of tasks to unlock rewards.
These tasks will vary from one crypto project to another. However, most commonly, investors will need to complete one or more of the tasks listed below:
Play games
Complete captcha
Watch video
Click on ads
Complete a survey
Follow social media accounts
Share posts on social media
In addition to this, some crypto projects might also have prerequisites on who can access the faucet.
Types of Crypto Faucet
Crypto faucet is an all encompassing term that can be subdivided into different types of crypto faucets, each of which is unique in its own way. In this section, we describe the different types of crypto faucets so you can better identify them when you either see or hear about them.
Bitcoin Faucets
Bitcoin Faucets are the most common type of faucet because Bitcoin is the most well-known cryptocurrency. These are faucets that issue Bitcoin, sometimes denominated as Bitcoin, e.g., 0.000001 BTC, and sometimes denominated as Satoshis, e.g., 100 Satoshis.
In a Bitcoin faucet, Bitcoin is the type of currency issued, however, the name doesn’t tell you what you might have to do to earn it. In that way, Bitcoin is only a part of the faucet’s name, and it could, for example, be a Bitcoin survey faucet.
Altcoin Faucets
An altcoin faucet is a faucet that gives out any crypto token besides Bitcoin. They typically issue one or many of the top, or more widely-known, cryptocurrencies, e.g., Ethereum, Cardano, and Litecoin.
This category also includes faucets that distribute obscure or relatively unknown tokens, such as the majority of gaming faucets.
Gaming Faucets
Gaming faucets are the entry point for tokens in a blockchain game and include every point where tokens might enter a game. Examples include completing tasks, reaching milestones, and collecting items/coins that are lying around. They usually issue the game’s native token, a, usually obscure, altcoin.
In games, faucets are countered by sinks, which is where the tokens are reabsorbed back into the game ecosystem, typically by being spent by the player.
Mining Faucets
Mining faucets are those tied to mining operations for proof-of-work cryptocurrencies such as Bitcoin, Ethereum Classic, and Litecoin. The token issued from the faucet is the same as the token that is being mined. While many faucets can tell users how much they’ll receive for completing a certain action, mining faucets are often dependent on the successful creation of blocks to reward users.
As such, the rewards are not guaranteed. It should also be noted that using mining faucets can often mean the platform or faucet provider uses your computer’s power as part of their mining efforts—which can drastically reduce its performance.
Survey Faucets
A survey faucet is one where users complete online surveys to earn cryptocurrencies. These surveys can vary in length, content, and requirements, and the rewards distributed by these faucets for completing surveys may also vary depending on the survey’s length or topic.
Surveys often require people to fit into a certain demographic, e.g., a user of a particular item, a certain age, or living in a certain place.
Referral Faucets
Users of referral faucets are dependent on getting people to sign up for either the faucet proper or another product or service, such as an online casino, and then use that product or service a particular amount for them to earn their reward.
In that sense, referral faucets can require either a large following, or extensive work advertising your referral link, to get a good amount of referral.
Interest Paying Faucets
Interest paying faucets are those that require you to deposit or stake funds to earn percentage rewards based on the size of your deposit. The most common of these are staking faucets, like those from Bitcoin ETF token, where token holders can stake their BTCETF altcoin to earn a percentage APY for staking that token.
Some faucets will ask you to deposit currencies into a wallet to earn rewards. These can be dangerous because you’re then relying on the wallet/faucet owner to give you back your coins when you want them. The above Bitcoin ETF token uses a smart contract, which means the user always keeps custody of their tokens and can take them back, along with their rewards, whenever they want.
Are Free Crypto Faucets Worth it?
Crypto faucets are one of the top ways for investors to get their hands on digital tokens for free. That being said, even with the highest-paying crypto faucets, users will have to be consistent in completing tasks.
This way, tiny drops of the best cryptocurrencies could eventually add up to a meaningful amount.
Using crypto faucets can turn out to be lucrative, especially if the market value of the specific digital token goes up. As it would take a while for the coins to add up, this strategy can be used to accumulate the best long-term cryptos.
However, be sure to find crypto faucets that pay enough rewards to justify the time and effort.
The first step when researching the best crypto faucets is to check for the credibility of the platform. These days, there are platforms posing as free crypto faucets only to infect the users’ devices with malware.
Some sites even refuse to pay out cryptocurrencies to users after they have completed tasks. Therefore, this reinforces the point that users need to do their own research.
It is also a good idea to follow the best crypto Telegram groups to track any upcoming giveaways or airdrops that offer access to free digital tokens.
How to Get Crypto Faucets
Bitcoin Minetrix crypto giveaway is one of the easiest ways to get free crypto.
BTCMTX tokens have already gained popularity. as such, could be a valuable addition to a crypto investor’s crypto portfolio allocation.
Below, we explain how to participate in the giveaway for a chance to win free Bitcoin Minetrix tokens.
Step 1 – Check Eligibility
As we noted above, the Bitcoin Minetrix giveaway is slightly different from a typical crypto faucet.
Unlike most platforms – which offer tiny amounts, Bitcoin Minetrix is offering 10 lucky winners $30,000 worth of BTCMTX tokens in one go.
However, as with other crypto faucets, investors will have to complete certain tasks.
But before that, the first step is to make sure that the user has sufficient BTCMTX tokens in their wallet to enter the prize draw.
Step 2 – Complete Tasks
Next, investors can proceed to complete the required tasks.
There is a total of six tasks – some of which include:
Follow Bitcoin Minetrix on Twitter
Enter the Bitcoin Minetrix Telegram channel
Conclusion
Crypto faucets have become more diverse when compared to several years ago. While many platforms continue to offer free cryptocurrencies for completing simple tasks, new blockchain projects are also getting creative.
One of the best cryptos to look at right now is Bitcoin ETF Token ($BTCETF) due to its generous staking APY. Within the first week of the token presale, $500,000 have been raised, showing investor interest. At the moment of writing, one $BTCETF token sells for $0.0052.
FAQs
What are Crypto Faucets?
Crypto faucets are apps or websites that offer free digital tokens in return for carrying out simple tasks. This could be anything from filling out a captcha form, sharing a post on social media, or playing games. Faucets pay a tiny amount of crypto, however, so do bear this in mind.
What are some Crypto Faucets?
Some of the best crypto faucets discussed on this page list include Cointiply, Fire Faucet, and Rollercoin. Those looking for alternative ways to earn free cryptocurrencies might wish to check out new crypto projects such as Bitcoin ETF Token.
Which is the Best Crypto Faucet?
Bitcoin ETF Token is one of the best crypto faucet alternatives to try out now because of its high staking APY.
Are Crypto Faucets Worth it?
The best free crypto faucets allow their users to earn digital tokens easily. However, users should be willing to spend time completing tasks to accumulate free cryptocurrencies on the platform. Considering how low the payouts are, however, crypto faucets are rarely worth it.
Are Crypto Faucets Legit?
Yes, several reliable and reputable crypto faucets exist in this marketplace. Unfortunately, at the same time, there is no shortage of crypto faucet scams. As such, we strongly suggest conducting proper research and reading online reviews to find the best free crypto faucets.
Is There a Crypto.com Crypto Faucet?
Crypto.com does not have a crypto faucet program. This popular exchange does, however, offer a referral program for new customers. This offers the chance to earn free crypto tokens simply for creating an account and meeting the minimum deposit threshold.
The post 11 Best Crypto Faucets in 2023 appeared first on Cryptonews.