Crypto Faucet

This post will be about Crypto Faucet, a simple way to earn crypto coins for free.

Crypto Faucet is a reward system that give rewards in crypto. Usually by completing captcha, you will be rewarded with crypto. It will be in a small amount but if you have time to accumulate, it will grow to a huge amount. The following will be a list of crypto faucet that I have been used and have earned some crypto: -

1. Cointiply
2. Bitfun
3. Moonlite
   
4. Moondoge
   
5. Moonbit
   
6. Moondash
   
7. Moonbitcoin
   
8. Bonusbitcoin
   
9. Freebitco
   
10. Free-litecoin
    

All the faucets above have been confirmed payout. To earn from faucets, hard-works are needed. Faucet usually has countdown timer, the lesser the timer, usually the more rewards given. 

Hope these faucets will help to start crypto journey for those who are new to crypto.

Cryptocurrency

What is cryptocurrency?

A cryptocurrency is a digital or virtual currency that uses cryptography for security. A cryptocurrency is difficult to counterfeit because of this security feature. Many cryptocurrencies are decentralized systems based on blockchain technology, a distributed ledger enforced by a disparate network of computers. A defining feature of a cryptocurrency, and arguably its biggest allure, is its organic nature; it is not issued by any central authority, rendering it theoretically immune to government interference or manipulation[sos].

Cryptocurrency has been a hype since the rise of Bitcoin (BTC) in 2016. Many have join the hype, hoping to get involve in the revolution of blockchain technology.  

This post is to guide those who wanted to join the hype of revolution but didn't know where to start from. 

First thing always, do your own research (DYOR). Cryptocurrency is a high risk investment. Before start investing your hard-earned cash, remember "Invest only what you afford to lose".

There are few ways to obtain crypto coins. I will explain in the following:-

• Mining  
• Mining crypto is the earliest way of getting crypto coins.
• Many types of algorithms in market
• Costly (Hardware and Electricity)
• Returns are determined by the difficulties (difficulties increase when many are mining the same coins)
• Purchasing
• Purchase can be done in a crypto exchange  or P2P trading.
• There are many crypto exchanges out there.
• Verification (KYC- Know Your Customer) is usually needed.
• Faucets
• A reward system that give rewards in crypto.
• There are many crypto faucets out there.
• Claim crypto coins after doing captcha or task offering.
• Time costing.

Above is the main ways of obtaining crypto coins. I will show more details in the next post for each of the ways.