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Is it possible to earn free Bitcoins (Free Bitcoin) online? Yep. In fact, it's probably easier than you think. Can I get rich with it? it's probably difficult. In this article we are mainly interested in bitcoin taps or water taps or mining pools that we will first explain you their working principles and how you can use them well to really earn bitcoins or better satoshi.
Some websites called "faucets" give out Bitcoins for free, for a little captcha to make sure you're not a bad robot. More specifically, they offer Satoshis (particles of Bitcoin) equivalent to a few cents of dollars.
Often, when a person starts using virtual currencies as with Bitcoin, the first amounts are earned through faucets, these sites that offer you some Satoshis in exchange for a visit (which becomes profitable through advertising).
The satoshi is the smallest countable unit, the smallest fraction of bitcoin, such as euro cents. It takes 100 satoshis to make 000 bitcoin (btc). The following table contains the most important equivalents
Apart from the amounts to be earned every hour, 5 hours, etc., taps usually offer sponsorship programmes. 50% commissions for life on the earnings of your referrals, other bonuses depending on the activity.
In addition, for every active referral you have, you will receive a 1% bonus (up to a maximum of 100%) on every claim you make on the tap. A referral is considered "active" if it has made at least 72 claims in the last 1 hour.
This is often done for promotional purposes. When visitors to a website stay with a tap, it can lead to more engagement, higher advertising revenue or other benefits for website owners that make them interesting.
Needless to say, you can't make a fortune watching Faucets, but it's always fun to earn your first satoshis this way. Moreover, according to Faucets, the winnings can vary in ratios from 1 to 100.
The original idea behind it was to make Bitcoin better known and to bring more people into contact with the virtual currency. A kind of marketing gag. Free games and easy ways to earn money offer access to many target groups and so website operators can earn money primarily by placing advertisements. Third-party providers pay with increasing awareness - and since a large part of the advertising in turn leads to other Bitcoin Faucet sites, a profitable cycle is created here.
However, the Bitcoin Faucet model has not really been successful. This is because the foreseeable profit is simply too low for most people. If the users don't come, many offers are quickly taken off the market again. Without traffic, it is not profitable to operate the websites. In fact, there are only a few providers that continue to be well used, even if the market is actually no longer one. Bitcoin, or cryptocurrencies in general, have long been far too famous for that.
This depends a lot on which one you choose and how much time you are willing to spend to get free Bitcoins. However, there are reports of people who have done enough to make a good investment.
Depending on the virtual wallet you use, however, these are generally the most common methods such as credit card, bank transfer and even Skrill.
If you earn Bitcoins through Faucets, PTCs and surveys, it will take quite a long time to earn a Bitcoin. Earning Bitcoin every second is just a myth, just like those free Bitcoin hacks. There is no special formula on how to get bitcoins fast. You can generate bitcoin by putting in a lot of effort on various websites over a long period of time, and that is the 100% safe method. Investing is not necessary.