Crypto faucets have been a popular feature of the crypto world since its earliest days, dispensing free BTC. But do crypto faucets still work in 2020?

Crypto faucets and Bitcoin faucets have remained one of the most popular methods of gaining free Bitcoin since the launch of the blockchain revolution. Crypto faucets are relatively straightforward — they give crypto away for free.

If you’re on the hunt for information about how to get Bitcoin, you’ll inevitably encounter information about Bitcoin faucets. While crypto faucets aren’t the goldmine that they once were, they still provide users with the ability to gain a small amount of bonus Bitcoin at no expense.

We’ll proceed to break down the top five crypto faucets for 2020, focusing on the highest paying Bitcoin faucets.

Wait — Free Bitcoin? How do Bitcoin Faucets Work?

What are Bitcoin faucets? How do Bitcoin faucets work? The concept of a Bitcoin faucet may seem strange at first — why would somebody give something so valuable away for free?

In order to understand why Bitcoin faucets exist, it’s important to recognize that Bitcoin, in the first few years after launching in 2009, was an obscure and relatively complex technology.

Bitcoin hasn’t always been digital gold — the first major Bitcoin moon breakout saw BTC “skyrocket” from $0.008 USD to $0.08 USD in just 10 days from July 12th 2010 to July 22nd 2010, a few months after the launch of Bitcoin Market, the very first Bitcoin exchange.

The extremely low value of Bitcoin, combined with the passion of early Bitcoin developers, saw many Bitcoin enthusiasts proactively promote its use within the crypto community. The very first Bitcoin faucet was created by Bitcoin developer Gavin Andresen, who launched the world’s first faucet in June 2010.

The $200 Million Dollar Faucet

Andresen’s faucet was the original airdrop, and provided each visitor with a staggering 5 Bitcoin for free — all users needed to do was fill out a captcha, and the Bitcoin would be deposited into their wallet address. Andresen personally loaded the first faucet with 1,100 BTC — present-day prices would place the value of free Bitcoin distributed via this faucet at $8 million USD as of March 2020.

By the time Andresen’s faucet dispensed its last coins in 2011, it had given away over 19,715 BTC — almost $129 million dollars worth of Bitcoin at March 2020 prices.

If you’d claimed your 5 free Bitcoin from Andresen’s first Bitcoin faucet, you’d currently own over $50,000 USD worth of BTC. There are no more faucets that give away such massive amounts of BTC, but it’s still possible to find many crypto faucets that give away various cryptocurrencies — all you need to do is provide your wallet address and complete a captcha, and the crypto is yours.

Modern crypto faucets in 2020 only give away a few satoshi at a time, but if you’re a firm believer in a “to the moon” Bitcoin price surge, the sats you claim today could be worth thousands in the future.

What are the best Bitcoin faucets in 2020, though?

1. FreeBitco.in

Most popular bitcoin faucet in the crypto world even in 2020. The site has over 54 million users a month. Imagine how many people are claiming free bitcoin there everyday?

If you still don’t know how to use this faucet, here is quick guide:

1) Register account and go to main page.

2) Click button Free BTC every hour, after a while you will have 100–300 satoshi, which is small amount of BTC. However, it will be enough to make next step.

3) Play Dice with manual bet. Set min. bet amount — 1 satoshi and odds — 2.00.

4) Multiply your bitcoin. That’s all. Withdraw your BTC, when you have enough.

2. Moonbit

Moonbit is a faucet provided by the Moon Bitcoin website, and has been running active faucet services since 2015. A major advantage offered by Moonbit is that it allows users to claim free BTC every five minutes, with the amount dispensed averaging at about 10 satoshi.

Users interested in claiming free BTC from Moonbit are able to participate in an in-browser CPU-based mining project in return for increased rewards. If you’re interested in CPU mining, however, it’s probably more cost-effective to mine a CPU algorithm cryptocurrency independently, rather than donate CPU cycles to a faucet.

Moonbit pays out users via CoinPot, which has a minimum withdrawal of 10k satoshi. Withdrawals of over 50k satoshi can be performed with no fee.

3. Bitfun

Bitfun is an interesting take on crypto faucets — rather than give Bitcoin away for free, Bitfun dispenses Bitcoin to users in return for playing games, viewing advertisements, and playing dice. The amount of BTC dispensed by Bitfun depends on the amount of time users are prepared to invest in playing games or watching ads.

If you’re interested in earning cryptocurrency for watching ads, it’s probably more cost-effective to use the Brave browser, a natively adblock-enabled browser that allows users to view ads in return for Basic Attention Token (BAT), which is currently listed on Coinbase and a top-40 crypto.

If you’re interested in playing a few games for Bitcoin, however, Bitfun is an interesting distraction. Like Moonbit, Bitfun uses CoinPot for withdrawals.

4. BonusBitcoin

BonusBitcoin is a relatively high paying Bitcoin faucet, providing users with an average payout of 24 satoshi on a 15-minute timer. As one of the oldest active Bitcoin faucets, BonusBitcoin is extremely reliable and allows users to increase the amount of Bitcoin dispensed by completing surveys or viewing advertisements.

Do you plan to test this bitcoin faucet?

Like most modern faucets, BonusBitcoin uses CoinPot for withdrawals.

5. Moondoge

MoonDoge isn’t a Bitcoin faucet — rather than dispense Bitcoin, MoonDoge dispenses Dogecoin. Originally launched as a joke crypto currency based on the shiba inu “Doge” meme, Dogecoin has surprisingly increased in value from just $0.0002 USD/coin to a current price of $0.002.

While this may not seem like a lot, Dogecoin prices have skyrocketed to almost 2c USD at all-time highs, making it an interesting and potentially profitable novelty coin.

Moondoge is a relatively ugly and poorly-optimized crypto faucet, but it’s not particularly serious. If you’re interested in free Dogecoin, Moondoge is the best option currently available.

6. Cointiply

Cointiply is the highest paying Bitcoin faucet online today, and dispenses a generous 200 sats per hour. Founded in 2018, Cointiply is a profit-driven faucet and allows users to increase the total amount of satoshi earned through watching videos, viewing offers, clicking ads, and playing browser games.

These coins can be exchanges to Bitcoin.

Withdrawing from Cointiply takes a little longer than other faucets — withdrawals of 35k to 100k sats can be withdrawn to FaucetHub, while withdrawals of over 100k can be sent directly to your wallet address.

Cointiply also offers mini tasks, hot crypto offers, complete surveys, play the multiplayer, watch videos to earn crypto, refer users. It’s worth to check this site and get some crypto for free or earn some.

7. TrustDice Bitcoin Faucet

If you’re on the hunt for free crypto, there are many other options to consider apart from BTC faucets. Trust Dice is a highly popular browser-based gaming platform that allows users to participate in provably-fair games and significantly increase their crypto holdings

TrustDice is powered by Trust Platform, and currently offers two games — Dice, and Crash. The TrustDice faucet, however, is one of the most interesting features of the platform.

Rather than force users to waste time watching ads or completing surveys, the TrustDice crypto faucet allows user to claim a range of cryptos that include free Bitcoin, free Ethereum, free EOS, free OATH, and free UUU, all of which can be used in Trust Platform’s games.

The unique setup offered by TrustDice allows users to potentially multiply their faucet earnings by 50,000x. Other competitions such as an EOS wagering contest provides users with the possibility to win 500 EOS every 24 hours. Lastly, a faucet referral program allows TrustDice faucet users to earn a massive 50% commission on faucet claims made by users they refer.

If you’re interested in earning free Bitcoin and other cryptos, avoid wasting time on ad-watching or survey faucets and jump in to TrustDice’s free crypto faucet. Using the crypto provided by TrustDice, it’s possible to dramatically increase your earnings. Join over 60,000 other players and try out TrustDice today!