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Author Topic: faucet  (Read 1222 times)
serdar (OP)
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April 20, 2015, 07:57:46 AM
 #1

hi. what ia sa faucet or a wallet? are they the same? can i have more than one of them or bought? what do i need for entering into BITCOIN world?
shorena
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April 20, 2015, 08:03:34 AM
 #2

hi. what ia sa faucet or a wallet?

Hi,

a faucet is a homepage that "pays" you a very small amount for solving captchas and watching/clicking ads.
A wallet is a program or service that handles your private keys. You need the private keys to spend your bitcoin.
See here for a collection of wallets -> https://bitcoin.org/en/choose-your-wallet

are they the same?

Some wallets automatically set up a mircowallet for you to send your funds to without paying fees. I would not advise use those wallets though.

can i have more than one of them or bought?

You can use as many faucets as there are and you can certainly create your own faucets as long as you can pay for the server and the bitcoin you would be giving away. Wallets are typically free, thus you can create as many as you want, yes.

what do i need for entering into BITCOIN world?

You are here, thus you have entered. Welcome.

Im not really here, its just your imagination.
serdar (OP)
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April 20, 2015, 08:18:55 AM
 #3

thanks. is faucetBOX.com one of those that is not recomended?
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April 20, 2015, 08:21:28 AM
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Hello serdar, faucetbox.com all it does is to "save" your coins, Bitcoin, Litecoin, Dogecoin ... and many more, you can set the minimum amount of coins you must save to start send them to you.
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April 20, 2015, 08:22:24 AM
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hi. what ia sa faucet or a wallet? are they the same? can i have more than one of them or bought? what do i need for entering into BITCOIN world?

Hello serdar. Welcome to the community Smiley
Faucet and wallet is different thing. First thing you must do for earn some btc is create a wallet you can choose here: https://bitcoin.org/en/choose-your-wallet you can use blockchain.info for begin, but my advice is dont store big amount there, you can choose electrum wallet.
And faucet is place where you can earn tiny of bitcoin.
serdar (OP)
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April 20, 2015, 08:36:37 AM
 #6

but a site i used today sent directly satoshis in faucetbox. i don't know i have to register in faucetbox?
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April 20, 2015, 08:43:28 AM
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but a site i used today sent directly satoshis in faucetbox. i don't know i have to register in faucetbox?

no there is a threshold, but i don't like those faucet without the in-build wallet, i would recommend something like https://freebitco.in/, where you have your wallet in the faucet itself
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April 20, 2015, 08:46:19 AM
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but a site i used today sent directly satoshis in faucetbox. i don't know i have to register in faucetbox?

I haven't used FaucetBOX but I've used Microwallet.org and Bitchest.me and if they are any similar, then what happens is you submit your normal Bitcoin address to the faucet. The faucet then sends satoshis (typically a few hundred satoshis) to Faucetbox. The reason why it can't send these satoshis directly to you is because the Bitcoin network enforces a minimum transaction size of 5,430 satoshis. Instead, by entering your normal address on Faucetbox, you can see how many coins were sent to your account from the various faucets that you used. After Faucetbox collects enough satoshis from these faucets for a proper transaction to happen (typically 5,430 satoshis but this might be changed to a higher limit), it will finally send these satoshis to your actual Bitcoin wallet.
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April 20, 2015, 09:15:07 AM
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faucet is a site pay your very very less bitcoin and show the ads, it is a something waste your time, you will spend lots of time but can't even cover the mini fee of transactio.
serdar (OP)
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April 20, 2015, 11:06:15 AM
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what about boxbit.co.in? what wallet to choose?
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April 20, 2015, 11:37:03 AM
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what about boxbit.co.in? what wallet to choose?

never heard of it, but faucetbox or xapo wallet are good enough for faucets
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April 20, 2015, 11:43:05 AM
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what about boxbit.co.in? what wallet to choose?

Create your own personal wallet at blockchain.info So you will see your wallet btc address that looks like a rumbled letters that start at 1. you can use that address to get few satoshis from faucets. some faucet pays to faucetbox, in faucetbox, your earnings will be accumulated until it reach your payout threshold. After you reach your payout threshold it will be sent to your blockchain wallet and you can now spend your coins anywhere you want

TheGrapist
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April 20, 2015, 11:46:12 AM
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what about boxbit.co.in? what wallet to choose?

never heard of it, but faucetbox or xapo wallet are good enough for faucets

Boxbit.co.in is just a faucet site which require you to create an account to them

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April 20, 2015, 12:29:00 PM
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If you want to earn money through faucets, I suggest you overlook it and instead try to offer services, or sell digital goods, which can earn you much more money than what a faucet pays you. Moreover, even if are thinking of starting a faucet, try to do some research because if you're thinking that starting a faucet and getting 1k visitors a day, and then selling advertisers will make your money back, people are not interested in buying ads on faucets, or they pay extremely low.
Lastly, if you still want to mingle with faucets, here is what i recommend
FaucetBox

serdar (OP)
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April 20, 2015, 01:13:15 PM
 #15

is there any site to transform BTC in USD? or to SHOP with BTC?
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April 20, 2015, 02:48:04 PM
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There are many of them.

If you want USD for your BTC then use somewhere like Coinbase or Circle if you're in the US.

Thousands of merchants take it for payment from one man bands to Microsoft. Check coinmap.org to see if there's anywhere local to you.
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April 20, 2015, 09:01:39 PM
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is there any site to transform BTC in USD?

There are a lot of bitcoin exchanges, and they have different features and requirement of personal info.
Some popular ones are Coinbase, Circle, Bitstamp, Kraken, Bitfinex, btc-e and localbitcoins.
You can take a look at http://www.coindesk.com/information/sell-bitcoin/.

or to SHOP with BTC?

You can find a long list of big companies and gift card businesses that accept bitcoin on http://www.coindesk.com/information/what-can-you-buy-with-bitcoins/.
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April 21, 2015, 03:20:52 AM
 #18

but a site i used today sent directly satoshis in faucetbox. i don't know i have to register in faucetbox?

no there is a threshold, but i don't like those faucet without the in-build wallet, i would recommend something like https://freebitco.in/, where you have your wallet in the faucet itself

There are advantages and disadvantages for both. One big advantage of using a microwallet service is that you can cycle through dozens of faucet sites either manually or by using a faucet rotator and quickly reach the payment threshold within an hour or two.

faucet is a site pay your very very less bitcoin and show the ads, it is a something waste your time, you will spend lots of time but can't even cover the mini fee of transactio.

If you want to earn money through faucets, I suggest you overlook it and instead try to offer services, or sell digital goods, which can earn you much more money than what a faucet pays you...

This is definitely true. Newbies who use faucets should understand that faucets are not a good way to get BTC. If you want to play around with faucets for the experience, then there's no problem with that. I did the exact same thing myself. But in any other setting, spending a whole day clicking on faucets just to make 10 cents is a terrible use of one's time.

There are ways to get more significant amounts of BTC from faucet sites however. If you happen to own a successful and highly popular faucet such as Freebitco.in then you would get a lot of money from advertising revenue. Or if you own a successful blog or website then you can add an affiliate link and get a steady stream of BTC from referrals. But these options are probably beyond the reach of most newbies.
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April 21, 2015, 03:26:40 AM
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is there any site to transform BTC in USD? or to SHOP with BTC?

For the first part what is your country you live in?  Depending on country will make a big difference who you want to use.

For example if in US you can set up a checking account to work with coinbase and its very slick.
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April 21, 2015, 06:12:17 AM
 #20

but a site i used today sent directly satoshis in faucetbox. i don't know i have to register in faucetbox?

no there is a threshold, but i don't like those faucet without the in-build wallet, i would recommend something like https://freebitco.in/, where you have your wallet in the faucet itself

There are advantages and disadvantages for both. One big advantage of using a microwallet service is that you can cycle through dozens of faucet sites either manually or by using a faucet rotator and quickly reach the payment threshold within an hour or two.


but if all faucets come with this feature(to have the wallet build-in) than there is no need for micro wallet
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