What are faucets?

Crypto Faucets are easy and free way to earn coins (for example: bitcoins). They offer free coins for viewing ads, watching videos, doing surveys, offers, tasks, completing captcha or playing games. They were mainly created to familiarize people with a specific coin. Then you can withdraw coins to your wallet.

What is bitcoin?

Bitcoin is a cryptocurrency. Bitcoin became the first decentralized cryptocurrency in 2009. Since then, numerous cryptocurrencies have been created.

What is cryptocurrency?

Crypto or cryptocurrency is an internet-based medium of exchange which uses cryptographical functions to conduct financial transactions. Cryptocurrencies uses blockchain technology to gain decentralization, transparency, and immutability. The most important feature of a cryptocurrency is that it is not controlled by any central authority: the decentralized nature of the blockchain makes cryptocurrencies theoretically immune to the old ways of government control and interference.

What is bitcoin mining?

This 2 minute video explains the bitcoin mining in the best manner.

For more information please take your time to see the infographic image below: