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Earning BTC through Bitcoin Faucets: Is it Worth it?

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Bitcoin faucets

Back in the day, when cryptocurrencies only started to emerge, there was not a lot of different ways to buy Bitcoin. However, as years went on, and the development progressed, a lot more options for obtaining different coins emerged. Of course, cryptocurrencies are still far away from mass adoption that the community is hoping to see. Even so, their popularity is rising rapidly, which eventually led to a phenomenon known as Bitcoin faucets.

Simply put, Bitcoin faucets are websites that pay people tiny amounts of Bitcoin in exchange for watching videos, clicking links, and doing similar activities that require no particular skills or knowledge.

These amounts are not really measured in BTC, but rather in Satoshis, which are 100 millionth of 1 BTC. This means that 1 BTC equals 100,000,000 Satoshis, and the amount a person gets per click is usually only around one Satoshi. At this point, you would need 25,000 satoshi’s to have $1, which is not exactly profitable. You would need to earn one satoshi per second for as long as three years to earn a single Bitcoin, which is currently less than $4,000. In other words, if you worked 24 hours per day, clicking on one link per second, you would still end the day with only $3.65 in your wallet.

Furthermore, a lot of these offers are scams which promise larger rewards and never pay users for their hard clicking work. In other words, most of these offers are a waste of time, which will result in little to no profit. Even so, there are a few of them that might be worth checking out.

Cointiply

The first one to consider is Cointiply, which is supposedly not only trustworthy but also profitable. At least, more profitable than most. The service’s users can earn BTC by playing games and watching videos. They will spend time collecting coins, with 100 of them being worth $0.01, but they can only withdraw the funds after they hit $35,000 coins.

After some quick calculations, it turns out that users can earn around $35 after watching ads for over 87 days, so we will leave it to you to decide how profitable it is. However, there is a trick to it, and it is a simple one at that — users can open multiple tabs at once and “watch” multiple videos at the same time, which can allow them to quickly collect more coins.

The games are slightly more profitable, although most of them are crosswords. These require that user remains at their computer and remain engaged, which is less appealing than just playing numerous videos in the background.

Moon Bitcoin

This service allows users to claim their funds every five minutes, but the trick is to leave it unclaimed for a longer period, which will allow you to earn more. It also requires you to disable your ad-block, but other than that, you can leave it open in the background and watch your funds increase over time. The amount that you can earn is about 250 satoshis per 5 minutes, which is around $0.11 per hour.

Bonus Bitcoin

Bonus Bitcoin is a more profitable alternative that promises to pay 5,000 satoshis per 15 minutes if the user keeps the webpage open and click on a button every 15 minutes. It also causes multiple new sites to open in new tabs, which quickly becomes rather annoying. The promise to earn 5,000 satoshis in 15 minutes does not appear to be true, and while earnings can be increased through games, it would still never add up to 5,000. Even if it did, that is about $0.80 per hour, which doesn’t make it worth the effort.

Conclusion

There are many other services like these, and they may even be profitable if you can run an entire network of computers, although that would lead to larger costs which ultimately defeats the purpose. In the end, Bitcoin faucets are a nice idea, but they are hardly worth it, and they will likely end up wasting your time for fractions of a dollar per hour.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Source: CryptoCoinSpy

Bitcoin

Is Bitcoin Esport Betting the next big thing in BTC Casinos?

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Bitcoin Casinos

Ever since the creation of the first sport games, people started enjoying the betting process. As the sports grew more popular around the world, so did the betting community and other than the physical betting shops, online sportsbooks have also started to emerge. Around 5 years ago the crypto gambling industry also made strides to join the fun and Bitcoin Casino started pouring its resources into providing proper sportsbook experience for their communities of players. For several years the things were steady and the concept of Bitcoin Betting was growing exponentially. Although recent events have significantly halted the progress of sports and betting, the new alternative started gaining traction in the gambling world, and that alternative was the Esport Betting. 

How did Esport Betting become so popular?

The beginning of 2020 was unprecedented for the history of mankind and all the global business, including the gambling industry. In the month of March, most of the sports stopped because of the ongoing global Covid-19 pandemic and betting services witnessed huge losses. That’s where the Bitcoin Casino industry found a viable alternative in the virtual sport segment. Because of that, Esport Betting has become increasingly more popular and the biggest BTC Casinos started providing a huge selection of tournaments in their sportsbook section.

How to participate in Esport Betting?

Esport Betting is basically the same process as the usual sports betting.…

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Bitcoin

Bitcoin is Steadily Changing Our Lives in the Greatest Ways Possible

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Bitcoin

Bitcoin has already brought our world some of the most incredible innovation we have seen, but the best is yet to come. 

Bitcoin, cryptocurrencies, blockchain. While often regarded as mere industry buzzwords are actually the fundamentals of something far greater. Things like borderless currency, decentralized business, open-source software, collaborative technology, shared computing. These are just a scant few of the underlying principles that are taking our technology and daily lives into the future. Should these sciences be embraced, it will be a bright future indeed. 

It has become ever more transparent that humans today are living in fear. If nothing else, 2020 has brought the tidal wave of anxiety and distrust that many live in the shadow of, to a terrifying apex. We are all just waiting for the crash. While some flock to literature, or social media, or their favored news outlet, others flock to exchanges. Using platforms like the newbie friendly Bitvavo to place their bets on the future, on what could be, and what already largely is. Bitcoin and the technology that underpins its innermost workings are a preparation for a better tomorrow. An investment in a future that is already changing our lives today. 

The Point Behind the Hype 

In 2008, when Satoshi Nakamoto wrote the bitcoin white paper, few paid attention. It took years to…

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Bitcoin

AAX Crypto Exchange Announces Massive Growth Numbers in August

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AAX Exchange

As the crypto market continues to surge, new traders continue to enter the market on a daily basis.  One of the first questions that new traders have is where should they trade crypto.  While there are countless options for buying and selling digital assets, traders need to exercise extreme caution and perform due diligence to avoid scam exchanges as well as places that have limited or no volume.  While the main platforms such as Coinbase, Binance, and Bittrex will always have significant volume, their fees are known to be on the expensive side.  AAX, a next-generation cryptocurrency exchange with the lowest futures fees in the world, represents a compelling alternative that traders should consider.

Growth Announcement

A few of the most important issues to consider when deciding whether to use an exchange are the number of users and the volume.  On August 7, AAX announced that in a little over two weeks, the exchange doubled its user base bringing the grand total of registered users to over 200,000.  At this rate, AAX may surpass the million mark later this year which would be an incredible achievement and is most certainly due to a variety of factors including extremely low fees and revolutionary technology.

Institutional-Grade Exchange

When AAX decided to build its platform, it set out to meet the demands of both institutional and retail investors.  In order to achieve that goal, the exchange operates at the highest possible…

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