What Is an Ethereum Faucet? Best Ethereum Faucets to Look Into

The crypto industry is not so new anymore. Hundreds of millions of users have decided to start investing in at least 1 cryptocurrency, and the profits surely are not too late to the party.

If you consider the market fluctuations and you have basic crypto knowledge, you can build an investment plan that will bring you some earnings in the near future.

But how can you earn your first crypto, based on which you will earn more? Is buying the only way, or are there more things to discover?

The short answer is “yes, of course there is more”. And in this article, we will talk about another truly intriguing way to earn crypto without investing: Ethereum faucets.

An Ethereum faucet is an online platform that function like a reward system for the platform’s users. Usually, Ethereum faucets are programmed to share small amounts of ETH, the native cryptocurrency of the Ethereum network.

You don’t just earn crypto rewards by accessing an Ethereum faucet. However, the ETH rewards keep on coming while you perform various tasks the platform requires you to. Usually, you might be required to watch some videos, click on ads, complete CAPTCHAs or surveys, or even play short and engaging games.

Ethereum faucets usually reward users with small amounts of ETH, but being consistent might help you earn more with every completed task. For instance, some platforms might have daily rewards ranging from 0.01 ETH to 0.1 ETH, also depending on how many tasks you complete.

Ethereum faucets are a great option especially for those who are just starting their journey in the crypto industry. Considering that you do not have to invest in order to earn crypto, you will not have too much to lose if the rewards you win drop in value afterward. And if the value increases, you will just end up with a surprising reward that you can use in various ways, such as staking, trading, lending, or just holding.

There is one more pretty popular type of faucets, called testnet faucets. They basically have the same goal – offering free tokens to specific users.

However, the main difference is that a testnet faucet rewards developers who need free testnet funds to test various transactions on a platform they build. Some of the most popular Ethereum testnet faucets include Sepolia Testnet and Goerli Testnet.

Testnet faucets do not work with real coins or tokens. Instead, they offer users some testnet funds that have no value and cannot be traded. The main purpose of such funds is to help developers test projects’ features. For instance, a developer that works on a platform built on top of the Ethereum blockchain will be able to access such a faucet and get some free testnet ETH to test how a type of transaction works on the platform.

Earning crypto while completing simple tasks can be pretty fun. But where do Ethereum faucets get the crypto for rewards from?

Usually, crypto faucets receive funds from sponsors and advertisers who are looking for various places where they can promote their projects, products, or services. The crypto faucet platform gathers the funds from such projects and distribute them to faucet users.

More advanced Ethereum faucets use smart contracts to automate the reward distribution. Smart contracts are self-executing parts of code that once introduced in a project, will not require further human verification.

Considering that they are recommended for newcomers, Ethereum faucets are not that hard to use. But let’s take the process step by step:

FreeEthereum.com might be one of the most popular Ethereum faucets available at the moment. Launched in July 2020, the platform allows users to earn ETH rewards for completing various tasks, such as taking quizzes or clicking on links and ads.

The platform allows users to win up to $300 worth of ETH coins every hour through a game that implies rolling a series of numbers. Depending on the number you end up on, you get a specific reward, 0.16866345 ETH being the biggest one.

Potential Rewards (depending on the number generated)

Main Features

Ethereum-Faucet.org is a crypto faucet that allows users to win ETH rewards by solving CAPTCHAs and participating in lottery events. With tens of thousands of users, the platform is great for those who want to earn some crypto quick and with little effort.

Users can make up to 489 gwei every 4 hours. Furthermore, they can receive a free lottery ticket. During the lottery events, crypto enthusiasts can win between 0.005 ETH ($8.21) and 0.015 ETH ($24.64).

Main Features

Allcoins.pw is an Ethereum faucet that offers both miner and auto faucet features, along with many types of games users can play while earning crypto. Interested users will be required to click a button and confirm that they are humans by completing short CAPTCHAs. Afterward, the ETH coins are theirs.

The most intriguing fact about this Ethereum faucet is that it does not require users to create an account on the platform. Instead, they can access all features as visitors, still being able to win and withdraw coins. Furthermore, the coins earned are not testnet tokens, but real ones.

Main Features

There is nothing better than earning crypto without investing. And considering that the industry is gaining remarkable popularity and there are millions of users who want to start their crypto journey, many projects started developing various ways in which you can win crypto by completing various tasks.

Such platforms are called crypto faucets, and each one rewards users with a particular cryptocurrency. Ethereum faucets offer users ETH rewards for completing quizzes, watching or clicking on ads, clicking on links, completing CAPTCHAs, or playing virous games.

If you want to start earning ETH through an Ethereum faucet, you can look for platforms such as FreeEthereum.com, Ethereum-Faucet.org, or Allcoins.pw.