What exactly is a faucet?

[Grant]

I'm going to guess in terms of cryptocurrency, that a faucet essentially drips currency over time. Kind of how it's done with mining and such, but I imagine this is a slower pace compared to mining.

Can anyone explain what faucet means in regards to cryptocurrency?

 

[grabthe.com]

You've got it right. I belong this one FreeBitcoin and if you look at it you will see its .000000000000000004 per hour. haha jk, it isnt that bad but it takes time. This one is cool cause they have other things too, like it earns me interest on my bitcoin.

 

[GoldenLady]

A faucet is a site that pays it's users in cryptocurrency. I've used a few, and they mostly offer simple tasks that you can complete for small amounts of rewards in the platforms chosen cryptocurrency.

 

[Bookwormlux]

A faucet is a site that pays it's users in cryptocurrency. I've used a few, and they mostly offer simple tasks that you can complete for small amounts of rewards in the platforms chosen cryptocurrency.

Same here, I find it easy completing my faucet sites daily without being exhausted like it is the case with some sites like paid to click sites which pay low too.

 

[Kingsley]

These are plumbing equipment used to link liquid through various channels, without this equipment it wont be easy to link the liquids to other channels. They are pipes at somany other plumbing equipment.

 

[Victor001]

You are not far from the truth,it's like a low end crypto wallet that help you mine different cryptos,and can accept the lowest value of it coin,they are lots of faucet earning platform.

 

[Saqibraza]

Stainless steel is popular in kitchen faucets to exactly match stainless steel kitchen sinks. This is the Moen Notch contejmporary kitchen faucet.

 

[FreshKaz11]

I'm going to guess in terms of cryptocurrency, that a faucet essentially drips currency over time. Kind of how it's done with mining and such, but I imagine this is a slower pace compared to mining.

Can anyone explain what faucet means in regards to cryptocurrency?

To my own reasoning I guess faucet is like a game when it comes to earning reward online, because doing or going to faucet website to earn some reward us just a waste of time I guess.

 

[joy101]

I think a faucet is a payment pay through cryptocurrency, earning from online mostly people receive from online payment, faucet website earn some reward.

 

[Chibson]

Faucet website pay users through different kinds of cryptocurrencies. I have been in some of them but it was not really favorable to me so I had to leave.

 

[Aaron625]

Faucet is a website that gives away free cryptocurrencies for completing simple tasks such as solving captchas , clicking ads , visiting shortlinks and much more. Popular ones include faucetpay microwallet where most of the legit faucets are linked into.

 

[Kaffyfolla]

A cryptocurrency faucet is nothing but a website that gives you minuscule amounts of cryptocurrency when you do simple tasks on it

 

[Dagm1]

I believe a faucet is a bitcoin payment system that allows users to make money online. While most people earn money online, faucet websites also gain money.

 

[mcjerry]

I'm going to guess in terms of cryptocurrency, that a faucet essentially drips currency over time. Kind of how it's done with mining and such, but I imagine this is a slower pace compared to mining.

Can anyone explain what faucet means in regards to cryptocurrency?

You are trying to say that it is kind of mining. No that is not true. The meaning of crypto faucet is giving out small bit of a crypto currency.
If you can notice that most of the faucet websites has ads shown on there website. That ads is to monetize there website and compensate the members by giving them small bit of what they earned from the ads shown on the website.
The best way to earn from faucet websites is to store the crypto coin earned from through faucet in a wallet and let the price rise in some years before selling the coin.
I got not up to $1 worth of dogecoin from faucet websites few years ago. And this year it worth more than $200. That is the best way to benefit from faucet

 

[Nomad]

Faucet in the world of cryptocurrency is a website where you can earn very small fraction of crupto currency by playing games just just claiming. Back in 2010-2011, faucets were the best place to earn bitcoins.

 

[Ub40]

From my findings so far, I have discovered that crypto faucet is an app or a website that distributes small amounts of cryptocurrencies as a reward for completing easy tasks. They’re given the name “faucets'' because the rewards are small, just like small drops of water dripping from a leaky faucet.

 

[HayKay]

Like you right pointed out, a faucet drips and crypto faucets are those platforms where you can earn little free coins which when accumulated over time can finally amount to something tangible.

 

[Lens]

Faucet sites are sites that will pay you satoshis for completing simple task. You will be mandated to solve captcha in most cases before you will be rewarded with some satoshi.

 

[Sincerem]

Faucets is a a crypto currency earning site, that it pays it user for undertaking specific daily tasks on their site in crypto currency just like when mining in the blockchain system.

 

[Ononivami]

Faucet is a very good way to gather cryptocurrency and we have quite large numbers of legitimate ones. Faucets sites are the sites where you will be able to earn cryptocurrency while performing simple task.