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How To Make Money With Bitcoins - Claim Bitcoins From Bitcoin Faucets

You must have already heard about bitcoins by this time. If you haven’t heard of them or if you’ve heard of them but you don’t know what they are or you just don’t care about them, then it’s about time you care because it is becoming a big thing today and you don’t want to be left behind.

Here’s how Google defines bitcoin:

"a type of digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank."
If the definition has made your head spin, then welcome to the club. To get to know more about Bitcoins, you can read:

 What is a Bitcoin - Frequently Asked Questions (FAQ)

To add to the confusion, here comes bitcoin faucets and people wondering how to make money from bitcoin faucets.

What Are Bitcoin Faucets?

Bitcoin Faucets are one of the many ways to make money from bitcoins. There are many ways to make money from bitcoins, such as bitcoin mining, buying and selling bitcoins, trading bitcoins, and bitcoin faucets.

From all of these, the only way to collect bitcoins without investment is through bitcoin faucets but it is also the least way to earn money.

But like any other investments, the more money you need the greater the risk is, the least money, the smaller the risk.

If you are like me who does not have a huge money to invest in bitcoin mining (yes, you need from $6,000 to $13,000 to invest in a good bitcoin mining machine), you may want to know more about bitcoin faucets.

There are hundreds of bitcoin faucets on the internet but of course, most of them are out to scam you by riding on the popularity of bitcoins so be careful or you may end up not losing money on them but wasting your time and your efforts.

Bitcoin Wallets

Before you even start collecting bitcoins, you need to have a bitcoin wallet. When I started collecting bitcoins, I had a bitcoin wallet called where I kept the bitcoins I had been collecting from my bitcoin faucets and from PTC sites that pay in bitcoins.

When the rate of a bitcoin approached $2,000 to 1 bitcoin, I wanted to send my bitcoins from to so I can cash it. I was disappointed with the “charge” which was almost half my accumulated bitcoins.

In short, I lost almost half of my hard-earned bitcoins so I had sworn off these bitcoin wallets but it did not deter me from claiming bitcoins from bitcoin faucets. I just needed a trusted bitcoin wallet where I can cash out my bitcoins anytime without exorbitant charges.

And I found it in Coins.Ph.

What is is a Philippine-based company that allows you to buy, send and receive bitcoins to deposit to your bank, to pay your bills, or even to load up prepaid cellphone credits, among other services. It is a bitcoin wallet with many added services and as defined, is based in the Philippines.

The founders of are Silicon Valley entrepreneurs Ron Hose and Runar Petursson. They have chosen to build their headquarters in Metro Manila on 2014.

For Filipinos who want to start collecting bitcoins, I recommend getting as your bitcoin wallet. I have turned my bitcoins into cash without any charges at all through my bank.

There are other methods to cash out your bitcoins from and most of them charges a bit for services.

How Do You Make Money From Bitcoin Faucets?

Bitcoin faucets are free to join. If you already have a bitcoin wallet, then you can start collecting your bitcoins from bitcoin faucets which gives out “satoshis” -  the smallest unit of a bitcoin.

One (1) Satoshi is equal to 100,000,000th of a bitcoin. But don’t despair since 1 bitcoin is currently equal to more than $2,000, a small amount of satoshis can make it worth your while especially if you live in the Philippines where currently 1 bitcoin is equal to Php 133,000.00, more or less.

So how do you choose your bitcoin faucets because as I said, there are hundreds of them, and perhaps a quarter of them are scams. When a bitcoin faucet gives out a huge amount of satoshis, then that is your clue that the faucet is a scam.

2 Trusted Bitcoin Faucets

 When you want to start your bitcoin collection, join these bitcoin faucets:

1. Bitcoinker

Bitcoinker gives out satoshis every 5 minutes. Its site says “get up to 100,000 Satoshis every 5 minutes” and all you have to do are:

  • Enter your bitcoin address (get this from your bitcoin wallet)
  • Solve the captcha
  • Click on ‘Claim Bitcoin’

Sadly the 100,000 Satoshis every 5 minutes you see advertised in the site never happens. I’ve been with Bitcoinker for almost a year and the largest I got was 1,000 Satoshis which is rare and far between. Currently, the smallest that you can claim is 20 Satoshis. As the rate of a bitcoin to the dollar increases, the faucets give out smaller satoshis.

That is understandable since they are giving them out as free. Bitcoin faucets earn from the ads on their sites so don’t be disheartened when you click the captcha or the claim button and an ad comes up to the screen. Just close the ad and go about your business of claiming your satoshis.

Bitcoinker is one of the most trusted bitcoin faucets that you can find. Every Sunday, when you reach 20,000 satoshis, bitcoinker sends your satoshis to your bitcoin wallet. You can claim every 5 minutes but do not exceed 120 claims within 24 hours.

There is a timer and a counter so you know how many times you have clicked. All you need is your bitcoin address in order to start.

3. Moon Bitcoin

Moon Bitcoin is a bitcoin faucet where You decide how often you want to claim. Others faucets allow you to claim every 5 monites, 15 minutes or every hour or even once a day but Moon Bitcoin is different.

You may claim a smaller amount every 5 minutes, or visit the site once a day and claim a larger amount which has built up while you were away.

The faucet gradually fills up a bit faster initially and will slow down over time until you make a claim.

Moon Bitcoin is not time-consuming because you don’t have to watch it every 5 minutes or 15 minutes. Claim your Satoshis in the morning and at night but since it fills up quickly after each claim and slows down over time, you may want to visit twice a day to claim. Well, it really depends on your time and convenience.

Moon Bitcoin pays after you have claimed 25,000 satoshis.

These 2 bitcoin faucets have a loyalty bonus which adds satoshis to your claims so it is best to claim daily.


Popular posts from this blog – Philippine-Based Bitcoin Wallet

Coins.Ph is a Philippine-based company that provides Bitcoin Wallet and Peso Wallet services where you can send and receive funds.

Coins.Ph is a financial services platform founded by Silicon Valley entrepreneurs Ron Hose and Runar Petursson in 2014.

Coins.Ph runs on blockchain technology and uses digital currency to extend the reach of financial services to the unbanked populace of the Philippines and the rest of Southeast Asia.

The Men Behind Coins.Ph
Ron Hose - Before, Ron was a founding partner at Innovation Endeavors and the co-founder of TokBox, a consumer video conferencing company. Ron is a holder of a Bachelors and Masters degree from Cornell University, where he has graduated at the top of his class. Ron is also an active investor and adviser to a number of Silicon Valley startups.

Runar Petursson - Runar has been building web applications for over 15 years. He has also built High Frequency Trading platforms, with extensive experience in high volume, low latency system…

What is a Bitcoin - Frequently Asked Questions (FAQ)

Bitcoins came to my attention while I was trying to make money online by Paid-To-Click (PTC) and Traffic Exchange sites. I kept seeing ads on bitcoins. I thought they were just some passing fads or trends.

But as more and more ads kept flashing before my eyes, I became interested. So I read about bitcoins and was intrigued.

Here, I am going to try to explain bitcoins in the simplest way possible.

What is a bitcoin? A bitcoin is an electronic currency, something like a digital money. It is also called a cryptocurrency.

Since bitcoins are digital, it follows that they are not tangible like dollars, they are not printed or minted because they operate independently of a central bank. They are decentralized and not controlled by any central authority.

Can I Use Bitcoins Like Normal Money? Bitcoins are virtual coins with their own monetary value and you can use them to buy things electronically. Just like dollars and euros, bitcoins can be traded digitally.

The big difference between bitco…