? What is a faucet ;
The term comes from the English language area and means: FAUCET = water tap or tap.
Within the range of the crypto currencies a Faucet is a Website, which gives away Bitcoin, Litecoin, Dogecoin or other Coins free of charge. Yes you read correctly there are free Bitcoins! The basic idea is namely that thereby the market and the acceptance for the crypto currencies are opened. For this purpose one must deposit on the Website its Crypto Coin address or announce oneself as user.
Most faucets set, as known from the Paid4, so-called minimum payout limits. Of course, one does not receive large amounts, but rather cents - just water droplets...
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? How are Bitcoin faucets financed ;
The site operators finance themselves by presenting advertising banners on the pages. Currently, these are mostly references to other faucets or other providers from the Bitcoin world. It would be inconceivable if large companies were to appear here at some point with thick marketing budgets. Apart from banner advertising, there are also games, where the payment is based more on the basic costs of playing a game and the chances of winning a jackpot or high scores. Furthermore there are also lotteries, which are organized among the users. Here the users have the possibility to buy more ticket shares against the use of additional coins. With many offerers wait weekly sumptuous jackpots in Bitcoins, Litecoins, Ethereum or Dogecoin...
? Where is the hook with the Faucets? How safe are they anyway;
As you can see, there is no magic wizardry with the financing. But still, be careful, there are of course many cheats in this field. Therefore we recommend, like also with other sides in the Internet to the topic money earning rather on already established offerers to set. Offerers, which disbursed reliably over a longer period. In addition, there are many providers in the Asian or American region, which certainly does not make it easier. In addition, the markets are currently still "bird wild" and rather unregulated by laws.
The best protection is therefore your mind and a wallet with credit on coins outside the faucets. As soon as you have accumulated enough coins with these providers, you should transfer it to your wallet immediately, this is the only way to ensure that you don't lose any credit to these operators.