How Much Money Does A Bitcoin Faucet Pay You?
Many bitcoin faucets pay you a very small amount of Satoshi for completing a captcha or task. For example, the Bitcoin Faucet Bot pays 10 Satoshi per task. This is just a fraction of a penny at current prices. Just how much money does a Bitcoin faucet pay you right down to the Satoshi?
Some faucets, such as the Moon Bitcoin faucet, pay out more substantial amounts of Crypto, with the amount being more like 0.001BTC (1000 satoshi). These faucets generally require you to complete a task or answer a question to receive your payout.
The amount of money that you can earn from a bitcoin faucet varies. Some faucets pay out very little, while others can pay out quite a bit. It all depends on the brand of Bitcoin faucet that you get. Personally, I would not want to pay taxes on income generated from a Bitcoin faucet. It is hard enough to report Capital Gains from Cryptocurrency to the point where you can do it without a CPA, I can’t even imagine what it’s like to report earnings that are paid in Crypto. Count me out on using these.
How To Make Money off of a Bitcoin Faucet?
If you are looking to make money off of a Bitcoin faucet, the best way to do it is by using an affiliate link. An affiliate link is a special type of link that allows you to get paid for referring people to a product or service.
For example, if you sign up for the Moon Bitcoin faucet, you get something like 15 to 20% of everyone’s earnings. Refer enough people and get a piece of all their faucet earnings, and you get lifetime earnings on a ton of people’s faucet trips.
On top of this, you can have multiple windows, computers and phones that are running 24 hours a day that never go on screensavers that are just always pumping out Satoshi’s with Bitcoin Faucets. Let’s say that with MoonBitcoin you have it running at all times, you could likely hit $50 to $100 a month per faucet that you have running in Bitcoin.
And if you are wondering why a website would just give out free money, consider the fact that they are most likely making money from you each time they spit out Santoshi’s. Imagine that you have to click an add, or answer a survey, or watch a video ad in order to get your 1/100,000,000th of a Bitcoin. Each time you do this, the website owner is likely making in the range of $2 to $10 per ad view or click and is paying you less than a quarter, this is why the business model works.
MoonBitcoin Faucet Review
There is definitely a way to make money at this, and I am sure that there is someone that is making like $6,000.00 a month or so with this method, however it is few and far between. MoonBitcoin is one of the highest paying faucets that I have come across.
I would not go so far as to say that it is a scam, but there are definitely better ways to make money with Bitcoin. For example, you could start trading Bitcoin and other cryptocurrencies on an exchange. Or you could start mining Bitcoin. Both of these methods may end up yielding more profits over the long run than using Faucets. Analyst rating on these, C-, not worth the time or energy expenditure. Stick with Index Funds and regular old Crypto and leave the faucets to do what they do best, clean dishes and hands. Till next time, thanks for reading!
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