Do you wish to earn some Ethereum cryptocurrency as a reward? If you are one of those users who do not have enough money to buy the currency or process mining, you can always look upto Ethereum Faucet. Ethereum faucet website lets you earn Ethereum as a reward while users solve some captcha.
However, it is important to understand that the faucet website will not make you rich in a fortnight, as you have to perform several tasks to earn more rewards. So let’s understand the same better.
What is Ethereum Faucet?
Ethereum faucet is a popular reward system that helps users to earn Ethereum just by completing a few tasks as asked by the website. The activities generally include solving captcha on the site. Users are paid a fraction of their earnings, while the company becomes a primary beneficiary in the reward system.
And if you are wondering why these faucet websites even exist just to give away rewards, well, it’s for their benefit. These faucet sites aim to engage more and more users towards Cryptocurrency and help market the content to as many people as they can.
How does Ethereum Faucet work?
An Ethereum faucet works around certain tasks that it asks users to complete. As users perform those tasks, they are rewarded with ETH allocated by the faucet pool. Please remember that there are certain withdrawal limits on the faucet website, so you cannot just immediately start bits of ETH on the first go.
To earn the rewards at the faucet site, users must complete the activities under the given time clock. Once users sign up at the faucet site, they have to perform certain tasks and then earn rewards in GWEI, which is a fraction of Ethereum.
These rewards are generally termed micropayments, which can be accessed only on micro wallets that charge a tiny fee on each withdrawal.
Is Ethereum faucet legit?
Yes, they are indeed legit. However, many users have reviewed the same to be fake or scam. It is important to note that choosing the right platform and faucet website is a key to earning rewards.
Many fake faucet sites ask users to make an initial deposit to earn more rewards. Such sites and platforms are a scam. So choosing the right one after thorough research is important.
Are Ethereum Faucets safe to use?
Yes, they are. As mentioned before, proper research is a path to earning better and genuine rewards on faucet sites. Ethereum faucets offer different tasks like solving the captcha, watching videos and ads, and so on to give away certain rewards in return.
But since the rewards are in the form of GWEI, you might not be able to withdraw instantly. Only once you have earned enough GWEI that matches the withdrawal limits, you will be able to make a transaction on your micro wallet.
Please be careful choosing the right gambling platform and explore more options as to which sites offer more rewards.
As many users find themselves helpless when it comes to earning Ethereum, they generally switch to faucet sites. However, you must be aware that these platforms will require a lot of effort and time from you. Otherwise, it might turn out to be useless.
So if you have enough time to dedicate to faucet sites, you have a great chance to earn bits of Ethereum. Youngsters and students, in particular, prefer these activities. So good luck with your experience and make sure to make the best of it! Do not expect to get rich overnight as you will not be earning 1ETH just by solving some captchas.