Earning cryptocurrencies is all the rage these days. It seems that everyone is investing in, trading, or finding some other way to earn bitcoin and crypto.
But here is the thing: earning crypto isn’t always easy or profitable, and sometimes it can be highly risky. For example, if you decide to jump into trading, you’ll need certain knowledge about the topic.
And when it comes to investing, you need to be cautious and do extensive research, since the crypto arena is flooded with all types of scams and Ponzi schemes.
So, is there a way to earn crypto without taking chances on trading or investing? Of course, there is. In fact, there are plenty, and one of them is crypto and bitcoin faucets.
In this blog post, we’ll reveal some of the highest paying crypto and bitcoin faucets for 2020.
But first things first. Let’s find out what exactly crypto faucets are.
What are crypto and bitcoin faucets?
A crypto faucet is a website or an app that distributes rewards, in this case, crypto coins, in exchange for completing certain small tasks. This can be anything from viewing ads, captcha completion, prizes from simple games, etc.
The first faucet was bitcoin faucet. It was developed by Gavin Andresen in 2010, and it was called ‘The Bitcoin Faucet’. This model expanded to other altcoins and today, other crypto coins such as Litecoin and Ethereum, have also developed their faucets.
What’s the difference between crypto faucets and airdrops?
When reading the definition of crypto faucets you probably thought, “this sounds familiar. Aren’t these airdrops and bounties?”
It’s easy to get confused. Airdrops, bounties, and faucets are all methods of earning cryptocurrency rewards, but they aren’t the same thing.
For instance, faucets can be websites you have to visit periodically in order to receive coins. Anytime you want to earn crypto, you’ll have to go to the website, complete the task, and then receive coins. And you can do this as long as the website exists.
On the other hand, airdrops are usually distributed by blockchain/crypto startups, and they represent a one-time reward for helping the company with promotion and community building. In most cases, these startups will distribute their own tokens.
Hope this makes things clearer for you.
And now, it’s time for the best part. Let me introduce you to the highest paying crypto and bitcoin faucets for 2020.
Bitcoin Aliens – earn bitcoin and other cryptocurrencies from your phone
Bitcoin Aliens is a faucet founded in 2014, and since then, they have given away more than 1090 free bitcoin coins. With Bitcoin Aliens, you can earn cryptocurrencies such as bitcoin, Bitcoin Cash, and Litecoin from your phone through playing games.
If you have a Coinbase account, use the same email as registered at Coinbase and Bitcoin Aliens will automatically deposit BTC in your exchange account.
FreeBitco.in – win free bitcoin every hour
With this faucet, you can earn free bitcoin coins literally every hour by playing simple games. But that’s not all. FreeBitco.in also allows you to earn through a referral contest by bringing your friends on the platform.
Bitcoin Cash Faucet – receive BCH in 3 easy steps
Bitcoin Cash Faucet makes earning free Bitcoin Cash coins easy and simple. In fact, you can do it in just three steps.
First, you need to download the Bitcoin Cash wallet on your phone or computer. Second, you need to sign in through your Google account. And finally, you have to enter your BCH wallet address on the faucet’s website.
Within seconds, BCH coins will be in your wallet by Bitcoin.com
Free Faucet – high paying bitcoin and altcoin faucets
Just like other crypto faucets, Free Faucet allows its users to earn free bitcoins and altcoins by completing tasks on other websites. These can be tasks such as signing up for a website, logging in, etc.
TF Bitcoin – free bitcoins every 5 minutes
With TF Bitcoin faucet, you can get up to 5 free Satoshi coins every 5 minutes. And, while other faucets usually allow users to claim coins once per hour or once per day, TF Bitcoin enables its users to claim as often as they like.
Free Ethereum Faucet – easy and quick way to earn Ethereum
Just like the example above, Free Ethereum faucet allows you to receive free Ethereum coins every five minutes. And if you have the minimum amount in your balance, you can request a withdrawal at any time and get paid within an hour.
Not a bad way to increase your ETH earnings, right?
Free Litecoin Faucet – get your free Litecoin
Free Litecoin Faucet is a website that distributes free Litecoin coins, every hour and at the currency exchange rate. Moreover, the website has a referral program that allows you to refer your friends and receive a 50% lifetime commission on all their faucet claims.
XRP Faucet – receive XRP every 60 minutes
XRP Faucet is a website that gives away free XRP coins every sixty minutes. To participate, the user has to enter its XRP address and solve the captcha. After claiming your XRP, you can sell them on a crypto exchange.
Cointiply Bitcoin Faucet – one of the highest paying bitcoin faucets
Cointiply enables its users to earn thousands of free Satoshi coins every day. How? By completing simple tasks such as playing the multiplier game, taking surveys, or watching videos. And you can also earn 25% for all your referrals.
Bonus Bitcoin – bitcoin faucet paying out up to 5,000 Satoshi every 15 minutes
Bonus Bitcoin is a faucet for receiving free bitcoin coins. The website pays out up to 5,000 Satoshi every 15 minutes. Also, Bonus Bitcoin offers various special promotions and competitions for their users.
What are other ways to earn cryptocurrency online?
As you can see, crypto and bitcoin faucets can be a great way to earn crypto coins easily. But if that’s not your thing, don’t worry. There are still plenty of ways to earn. For example, you can try out airdrops and bounties, mining, staking, etc.
However, that’s a whole new topic to which we devoted a separate blog post that shows you eleven ways to earn crypto online. Don’t forget to check it out if you want to swim in crypto coins in the future.
Even though earning crypto from home is seemingly easy, be aware that there are several Ponzi schemes and scams in the cryptocurrency sphere. Always make sure to keep your private keys safe. If it doesn’t feel right, just let it go…
There you go, the list of the top 10 highest paying bitcoin and crypto faucets for 2020. We hope that this blog post will inspire you to add one more point to your New Year’s resolution list: start earning cryptocurrency online.
Happy holidays from the Airdrop Alert team!
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