Crypto Faucets - 3 Years later

Hello, my fellow Bulbers,

After a few considerations, I finally decided to write about Crypto faucets. Again. My first content of my crypto journey with faucets was published in Torum. 3 Years ago. So..yeah. That is going to be interesting (not really) but let's just dive into it for the sake of knowledge. 

For anyone who is wondering, a crypto faucet is a type of crypto website where you can claim a very tiny/minuscule amount of crypto after completing a simple captcha. Just like you see below:


These faucets are run by individuals like you and me, who want to earn some money. I'm not going to cover it here as it is not the point of the article. You can actually google how to create a crypto faucet and some of it is actually tempting, but beware, the work that comes together with it is quite daunting.  

Chances are they are few who are just like me, who still resist putting a lot of money into the system. Who says stuff like "Free crypto, is the best crypto". While that and exposed myself to scams. Just kidding, I do put a fair amount of dollars into the system and got scammed before and that was entirely my own fault for not doing enough research. But still, fearing the dark side of the crypto world is still a sound reaction. Don't blame us, crypto world does not have strict regulations to it, so scams run around in the space with the intention of getting rich quickly. While some do, but that does not go out of SEC's radar. Well, we are still using google's gmail, chances are, they are reading this article. So don't even think about scamming other people in this space.  

Reality vs Dream


When I first stumble upon the opportunity in the cryptocurrency world, I had one idea and that idea is kind of a dream and not all reality. The reality of passive income that it does not work by searching for the best investment to jump onto. Many of you had this idea that there is this one coin that will eventually overtake the position of King of cryptocurrency from Bitcoin. Although there might be one now, or in near future, or in a distant future, chances are for you to find that one coin amongst others is slim to none. Now, I'm not telling you not to do it, it is totally up to you. People can dream, don't they? As I do too. But I like to stay on the reality side of things, cause that gave me a solid perspective instead of wandering aimlessly. I know that it is also a reality that to what are the chances I could be making a living out of these crypto faucets anyway? Close to none. Let alone trying to make it into something "passive" - clicking every 5 minutes or an hour is not really passive. lol.

You see, most of the crypto faucets that I have tried so far gave about 0.0003 cents per roll/hour. That is not satoshi. C.e.n.t.s, a fiat currency value that we all love. As an example below: 


This is a screenshot of one of the crypto faucets that I have tried in the past, and I am not sure if the project is still running. You could google it to see if the site is still live. I love the UI and design. If you don't have time to waste claiming a minuscule amount of satoshi, then I would understand as well.

As you can see in the circled area, I have just claimed 0.00000005 BTC which is 5 Satoshis. At that time (3 years ago), 1 Satoshi is equivalent to USD 0.0003691905. It isn't much but it is something. Not so good news is that I have to get to a certain threshold to withdraw it out to my Bitcoin Wallet and usually the amount is quite high. In this faucet's case, 0.00008600 BTC, which is the transfer fee. At the rate of the claiming rate and amount, the speed of which I can earn from this faucet would take about forever. The question, why do I still claim this faucet anyway? Maybe it is just the allure of free stuff.

Reality is not that Ugly after all
Before I waste your time in reading this whole lengthy writing, I am going to tell you that there is no reward without any hard work. Going back to my search for passive income, it is something that I am still working on. Of course there are no such thing as passive income - but there is one possible through crypto. Staking systems is taking its wind in most of the cryptosystem as loyalty programs, dividends and passive income stream are after all possible. But is it possible to get there without spending any amount of money and risk? The answer is both yes+no for starting capital and resounding no for the later. There is such a thing as passive income, and there is no such thing as "NO RISK". Yes, because there are airdrops, crypto faucets, crypto games, and crypto works ( Such as Publish0x ). Also no, or should I say hard because of the existence of scams and there are no such a thing as free meal in this world. In order for you to be eligible for crypto airdrops, you are required to atleast:

1. Stake your crypto
2. Interact with defi protocol
3. Be a testnet user

Getting free stuff without any work, or sacrifice is out of the question.


The way I think best possible way make the dream of owning passive income machine (At least for me)

On to of that, some crypto faucet, mining websites (that offer free hash rates) can be malicious sites that scam your money in many ways that you thought not possible. If the reward is too good to be true, then it is. Some of the site could infect your hardware with malwares, be very wary of it. So I took the long way route, and stick with the crypto low cap investing, crypto games, joining airdrops, and publishing works. Sadly, the only faucet that I am still on today is Betfury (if you want to know how, and what it is, check my link in undersign). With the few cents that I get, I'll reinvest them into staking pools that are proven to be robust and build the income stream through compounding mechanics.

To conclude this not so practical financial advice (which it's not), I still love the freeways of making money. As little they made, and with little time I spend on it every day, I'd say it is kind of worth it. By the very least, they taught me on how to interact with crypto. I wish everyone luck in earning and learning about cryptocurrency. Finally, Stay safe, Stay healthy, and stay out of scams. 

P/S: This article is written for educational purposes only. Do your own due diligence first before investing any money into crypto as it is a volatile market.

Signing off,
Luke

REFERRAL LINKS
Betfury - Earn money through betting, staking and freebies! ( I use them for staking and earning freebies to be honest :D )
Splinterland - Play game, earn chest and staking!
Rising Star - Card base NFT game - free to play
DFI Cake Staking - Get $20 worth of DFI when you sign up and make a deposit of $50 or more. If you use a referral code, both you and your referrer get an extra $10!
Publish0x - Another read to earn crypto site