Bitcoins brought many things to the financial table since the day they launched. The obvious benefits are relatively easy to spot. Seriously, who wouldn’t want a decentralized currency system that doesn’t belong to any government and grants you the ability to use it with complete anonymity? We definitely like these options.
Because of these simple yet crystal clear advantages, Bitcoins produced many appealing websites and services. For example, since the currency is decentralized, it is a lot easier to create a gambling site when using Bitcoins as payout versus any other currency linked to a known government.
Since the whole currency system is based online, it quickly became the perfect payment method for completing small tasks by online users. The most common task that many websites offer Satoshi (a hundredth of a millionth BTC) as payment for is after completing a captcha.
There are multiple reasons why a certain website might want a user to complete a captcha but the main three reasons are: to get traffic to their website, to make money by introducing other content to the website, or to simply introduce users to the Bitcoin market.
Simply creating a faucet website and adding a few ads here and there will almost never be enough to cover the cost of website hosting and the amount of BTC that you will be giving out to other users for completing whichever task you need them to do.
In these situations, you usually have to add specific targeted and interactive advertisements for products on the website – even then making a profit on the website is generally somewhat difficult.
Many faucet websites offer additional services to the users and because of the traffic generated by essentially free money, they end up producing a decent amount of profit.
Other websites that focus on non-Bitcoin related services or merchandise might use the faucet system to generate additional traffic to their website. Simply put, more traffic means more sales which means more profit.
Most of the time, these sites offer online services like website hosting, server hosting, gambling and entertainment, or gaming services. Because their main revenue comes from their primary product, these sites have no problem spending the extra BTC to generate additional traffic to their site as it pays off in the long run.
Lastly, there are the pure faucet sites that offer nothing but a way to generate Satoshi through captcha or other tasks and a way to withdraw those coins when you get to a certain amount. The primary focus for these sites is to introduce users to the Bitcoin world.
They are often sponsored by bigger sites or companies who seek to generate higher interested in Bitcoins which results in more users buying Bitcoins and using them as their primary currency system. Often these types of sites are linked to currency exchange websites or services.
One such website is 99bitcoins.com/bitcoin-faucet. Their main focus is to introduce online users to Bitcoins by simply giving these Bitcoins away. There are no strings attached. Create an account, get your wallet ready and solve some captchas. After you accumulate a certain amount of coins, they will be deposited to your wallet, easy as pie.
Some might think that this is too good to be true and there is a reason why this website is giving away all these Satoshi and they are absolutely right! Bitcoins gives a ton of information regarding Bitcoins. They also offer a Bitcoin buying service.
They are willing to give out Satoshi so that you can learn about Bitcoins and see that it is potentially a huge money making opportunity.
Furthermore, they give you the ability and enough information to decide on how to buy Bitcoins, which Bitcoin wallet to use, how to convert BTC to USD, how to earn Bitcoins, how to mine Bitcoins, which mining hardware is best, and many other pieces of information that would help you learn how to invest in Bitcoins.
How To Make Money With Bitcoins?
So how do they make money and why would they continue giving BTC away?
The first most obvious way is through their Bitcoin selling service. The second pretty noticeable method is through the ads that are located on their website.
Although, we should mention that the ads are non intrusive and are well picked to match the theme of the website. It’s always a pleasure to see web developers who care about their users.
The third way that they make their money is by getting investments from other companies out there that have products related to Bitcoins. For example, the suggested Bitcoin wallets that they have listed on the site most likely tip the site for listing their wallets among the top used ones.
By no means does this mean that Bitcoin Faucet is basically selling out to the highest bidder as it’s actually the other way around. They write what they think is true and the maker of the wallets feels that it is proper to tip them for their good praise.
This is how most of the Bitcoin community functions. Those who invest into Bitcoins aren’t anything like the greedy and corrupt banks of the world have become – everyone here sort of looks out for each other.
Yes, the ultimate goal here is to make money through Bitcoins or related services or products but it’s not through ridiculous fees and hidden monthly charges. Everything is plain, simple and transparent.
Even if anonymity is one of the main aspects of using Bitcoins, the sellers, buyers, and traders of BTC are still more honest and transparent than your local bank.
Bitcoins were created to promote financial freedom and anonymity and even though the community has hit a few bumps along the ride, the end result is a group of people who want to see a better world. The community is made up of people who genuinely care about humanity and where it’s heading.
We see the flaws and corruption that centralized money brings to the table and we seek out ways to stop the mistreatment of humanity. Well, at least we are trying and that counts for something right?