What is a Faucet?
Faucets that’s the name given to this online websites that allows us to obtain a small amount of cryptocurrency in exchange of very simple tasks. Often, you won’t even have to execute any action (at least not literally). Just by visiting the web pages, you can claim some free cryptocurrency and sent them to your wallet. Usually, a special wallet that allows us to make small transactions is used (Microwallets). That’s because they use small commissions so the transaction doesn’t get cancelled. There are two main reasons to distribute cryptos for free: To popularize and to introduce cryptocurrencies.
How To Use These Faucets?
Faucets functionality is very simple. First you have to register on the faucet website. The account creation use to be very simple will just ask you for your name, E-mail and password. Furthermore, you will have to link your crypto digital wallet where you receive your funds. If you don’t have a wallet already, you can create one using multiple alternatives online wallets. However, it would be ideal using a microwallet with low commission to receive small amounts of altcoins money, you can use CoinPot, FaucetHub…ect for this.
Once you have your account and linked to your wallet, you just have to wait for a determined timed to claim your free crypto. In some faucet sites, you will have to complete a very simple task to get access to your funds. For example: Resolve a CAPTCHA or watching an add. Your funds will accumulate and you have to wait till they reach a minimum (stablished by the faucet website) to withdraw them.