{"id":836,"date":"2018-12-18T10:35:10","date_gmt":"2018-12-18T15:35:10","guid":{"rendered":"https:\/\/www.amp.legal\/blog\/?p=836"},"modified":"2019-01-05T16:12:11","modified_gmt":"2019-01-05T21:12:11","slug":"bitcoin-faucet-rewards-users","status":"publish","type":"post","link":"https:\/\/www.amp.legal\/blog\/bitcoin-faucet-rewards-users\/","title":{"rendered":"Bitcoin Faucet Rewards Users"},"content":{"rendered":"<p>To increase the adoption of Bitcoin, developers are creating new ways to sustain growth and attract new users. A <a href=\"https:\/\/www.mintdice.com\/blog\/top-bitcoin-faucets\" target=\"_blank\" rel=\"noopener noreferrer\">Bitcoin faucet<\/a> is a web application that provides a rewards system where users can earn small amounts of cryptocurrency for completing small tasks. The tasks include activities that include watching ads, taking surveys, or playing games. A faucet allows users to earn digital currencies without having to use their own money. As a result, faucets introduce users to a variety of cryptocurrencies so they can start building a portfolio with minimal risk in a volatile environment.<\/p>\n<p>A Bitcoin faucet uses a \u201cSatoshi\u201d for measuring rewards (one Satoshi equals one hundredth of a millionth <a href=\"https:\/\/www.coinbase.com\/price\/bitcoin\" target=\"_blank\" rel=\"noopener noreferrer\">BTC<\/a>). Users store their\u00a0rewards in a digital wallet\u00a0that a user can access with a private key. The faucets \u201cfill up\u201d a user\u2019s wallet with rewards that they can \u201cempty\u201d with withdrawals. However, the rewards in a wallet can change as a particular\u00a0<a href=\"https:\/\/www.amp.legal\/blog\/crypto-tax-planning-basics\/\">cryptocurrency<\/a> fluctuates in value.<\/p>\n<h3>Do Research To Avoid Scams<\/h3>\n<p>Faucets\u00a0usually function as referral systems, but the unpredictable atmosphere of digital currencies also creates a climate for scams. Currently, there are hundreds of Bitcoin faucets, so users should carefully evaluate each application for their profitability and reliability.<\/p>\n<p>To <a href=\"https:\/\/www.hoganinjury.com\/bitcoin-and-cryptocurrency-litigation\/\" target=\"_blank\" rel=\"noopener noreferrer\">avoid being scammed<\/a>, a potential user should initially conduct research using online guides that evaluate different faucets. Review sites, such as <a href=\"https:\/\/www.macobserver.com\/tips\/deep-dive\/get-free-bitcoins-faucets-that-pay\/\" target=\"_blank\" rel=\"noopener noreferrer\">The Mac Observer<\/a>, provide a list of faucets along with the faucet\u2019s criteria for payouts and withdrawals. Users should be aware that a faucet could facilitate the activities of scam artists. For example, scammers may entice a user to access a \u201c<a href=\"https:\/\/blockonomi.com\/bitcoin-generator-scam\/\" target=\"_blank\" rel=\"noopener noreferrer\">bitcoin generator<\/a>\u201d to earn free bitcoins, but instead of earning bitcoins, the scammer deducts fictitious transaction fees from an account. To protect their rewards, users should be cautious about any offers that look too good to be true.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>To increase the adoption of Bitcoin, developers are creating new ways to sustain growth and attract new users. A Bitcoin faucet is a web application that provides a rewards system where users can earn small [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":837,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[35],"tags":[59,34,84,13],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin Faucet Rewards Users - Cyber Law Blog<\/title>\n<meta name=\"description\" content=\"Cyber Law Blog explores legal topics with technology including privacy law and cybersecurity.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.amp.legal\/blog\/bitcoin-faucet-rewards-users\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Faucet Rewards Users - Cyber Law Blog\" \/>\n<meta property=\"og:description\" content=\"Cyber Law Blog explores legal topics with technology including privacy law and cybersecurity.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.amp.legal\/blog\/bitcoin-faucet-rewards-users\/\" \/>\n<meta property=\"og:site_name\" content=\"Cyber Law Blog\" \/>\n<meta property=\"article:published_time\" content=\"2018-12-18T15:35:10+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-01-05T21:12:11+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.amp.legal\/blog\/wp-content\/uploads\/2018\/12\/Faucet-Ship.png\" \/>\n\t<meta property=\"og:image:width\" content=\"900\" \/>\n\t<meta property=\"og:image:height\" content=\"500\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Alice M. Porch, Esq., CIPP\/US, C|EH, Security+\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Alice M. Porch, Esq., CIPP\/US, C|EH, Security+\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.amp.legal\/blog\/bitcoin-faucet-rewards-users\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.amp.legal\/blog\/bitcoin-faucet-rewards-users\/\"},\"author\":{\"name\":\"Alice M. 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