Claim 8-15 satoshi every 5 minutes

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Bitcoin Faucet

Balance: 119398 satoshi

Claim 8 - 15 satoshi every 5 minutes

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Recent Payouts

1LD2zBWaENb4KvCzDSFLiEtGvqFHVbKueP9 satoshi
3JoX8epxmebcJnoK5fFJQu182EFCbSWibc9 satoshi
187f4xuLDRzgHQABsZnNvMEjzyjPmCWLNs8 satoshi
1GNg2onJbD2ady1rmfwfp1jVLeVeLGtbr49 satoshi
3GQon5yUZQY4fWMWHpD7nzihWrPMCes1Mw9 satoshi
1Mu91Rqs6KYbNqMavAPw2URsM9B21giswN10 satoshi
3DHgPqURSkDYUkj3soiyaEmBHqxc3eN2UU9 satoshi
32vxtnDfCRZqAMjQt71FPDEsxB2463CmhZ10 satoshi
3H6zwqABdq3pS3cnp6Aeo94XgTjeNKrxcB9 satoshi
1Ckm3RpiB1BY4tnpGbnzgJrxpbxhE5GdaB9 satoshi


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What is Bitcoin?

Bitcoin is a payment system introduced as open-source software in 2009 by developer Satoshi Nakamoto. The payments in the system are recorded in a public ledger using its own unit of account, which is also called bitcoin. Payments work peer-to-peer without a central repository or single administrator, which has led the US Treasury to call bitcoin a decentralized virtual currency. Although its status as a currency is disputed, media reports often refer to bitcoin as a cryptocurrency or digital currency.

Bitcoins are created as a reward for payment processing work in which users offer their computing power to verify and record payments into the public ledger. Called mining, individuals or companies engage in this activity in exchange for transaction fees and newly created bitcoins. Besides mining, bitcoins can be obtained in exchange for fiat money, products, and services. Users can send and receive bitcoins electronically for an optional transaction fee using wallet software on a personal computer, mobile device, or a web application.

Bitcoin as a form of payment for products and services has seen growth,and merchants have an incentive to accept the digital currency because fees are lower than the 2-3% typically imposed by credit card processors. The European Banking Authority has warned that bitcoin lacks consumer protections. Unlike credit cards, any fees are paid by the purchaser not the vendor. Bitcoins can be stolen and chargebacks are impossible. Commercial use of bitcoin is currently small compared to its use by speculators, which has fueled price volatility.

Bitcoin has been a subject of scrutiny amid concerns that it can be used for illegal activities. In October 2013 the US FBI shut down the Silk Road online black market and seized 144,000 bitcoins worth US$28.5 million at the time. The US is considered bitcoin-friendly compared to other governments. In China, buying bitcoins with yuan is subject to restrictions, and bitcoin exchanges are not allowed to hold bank accounts.

What is Bitcoin Faucet?

Bitcoin faucets are a reward system, in the form of a website or app, that dispenses rewards in the form of a satoshi, which is a hundredth of a millionth BTC, for visitors to claim in exchange for completing a captcha or task as described by the website. There are also faucets that dispense alternative cryptocurrencies. Rewards are dispensed at various predetermined intervals of time. Faucets usually give fractions of a bitcoin, but the amount will typically fluctuate according to the value of bitcoin.

Faucets are a great way to help introduce new people to bitcoin, or to your favourite altcoin. Many faucets provide information to newbies as well as offering them some free coins so that they can try before they buy, experimenting with a test transaction or two before putting real money on the line. Since this whole area is so new and a bit scary to some people, who perhaps don't quite trust it with their hard earned cash yet, this is a great way to promote digital currency and bring in new users.

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