Cryptocurrency Faucets, Are They Worth It?

The question I asked when I started doing faucets almost 4-5 years ago.  I had even asked this very question on a forum with other cryptocurrency enthusiasts and was told the same thing that I see others saying even today – no, it’s not worth it. If it was still almost 4-5 years ago, I would agree, however I am not so sure now.

When I learned about bitcoins and cryptocurrency in general I had just left a steady job after 5 years.  In between looking for new work I turned to surveys as something extra to get me by.  A friend had introduced me to bitcoin and told me that it was something I should invest in; however being out of a job, I was unable to invest into something when I was unsure what was going to happen, funds were tight and it’s only gotten tighter because since leaving that job I haven’t had anything steady come my way since besides some odd jobs here and there.

When I mentioned this, my friend had told me about freebitco.in, a site where you could roll every hour at a chance to win the ‘jackpot’.  Even if you didn’t win the jackpot, you still would get a few ‘bits’ (or known as ‘satoshi’).  It wasn’t much, but I did keep at it.  I later started learning that there were a lot of other faucets out there and I went pretty heavy on them for a good 3-4 months in-between applying for other jobs and doing surveys.

At the end of that period I consulted in one of the communities asking if this work was going to be worth it; 3-4 months in and I’ve only made roughly about $20.  I was lucky to make $1 off the faucets at any one week.  After asking this question and getting told that faucets aren’t worth the time; I decided to drop them and focus more on finding work and doing the odd surveys for extra money.

Little did I know that I would later regret this when I saw a recent news posting talking about how cryptocurrency (more specifically, bitcoin) on the rise. I looked at my wallet out of curiosity and saw that my little $20 that I had earned was now at a high of nearly $200 USD.

I looked at faucets in terms of real money value, and in reality, they didn’t take much time at all to do – at most a few minutes every hour to click on a ad so I could fill out a captcha to claim a few bits.

Are faucets worth it? Yes and no.  If you are looking to make a quick profit, this isn’t what you want to do – you will not get a quick return by just doing faucets (unless you manage to get very lucky and win a jackpot), but if you want to invest a few clicks a day of your time for having some potential growth much later on down the line, then yes, they are worth it.  The growth isn’t guaranteed since it’s unsure on what’s going to happen, but if bitcoin does rise back up then it will be worth it in a few years time.

Because of this I have gotten back into cryptocurrencies and watching news on what’s the best to do.  With the value of cryptocurrency on the down, it may even more beneficial as the payout faucets give generally depend on the current value – meaning you will potential earn more bits.

Invest your time in the future and you can potentially see that value grow. You may get to a point when you may need that extra couple hundred since times can be tough out there, so don’t listen to those who say that faucets aren’t worth it, especially if you were in a situation like me and struggling as much as I was and still am.  You never truly know what’s going to happen, but if the predictions are true, then you can definitely see a nice return on the time spent a few years down the line, but of course, don’t expect to get rich.