Stellar (XLM) faucets are run through websites or mobile applications. The owners of these faucets make money from ads displayed on the websites, downloads on app stores, and ads viewed on mobile applications. In all sincerity, Stellar (XLM) faucets do not give away Stellar (XLM) for free. Faucet owners use CoinAd, Anonymous Ads, and affiliate marketing to cash out from the numerous visits to their mobile applications and websites daily.
How Do Stellar (XLM) Faucets Work?
Now we know what a faucet is, how exactly do they work? When thinking about how faucets work, including Stellar (XLM) faucets, think of it as a mutual exchange between the user, the wallet holder, and the faucet, the website or app. The user earns cryptocurrency into a secure crypto wallet by completing tasks and the faucet that dishes out the crypto as a reward generates revenue from the traffic generated through the actions or tasks carried out by the user, including:
- Clicking on paid ads
- Logging on to a website every day
- Completing CAPTCHA tests
- Playing games
- Watching ads
Is Stellar (XLM) Faucet Safe?
Not all (XLM) faucets are legit, so we should be careful. You might think my point is to denounce (XLM) faucets as a waste of time. This is not the case. I don’t have a wholly negative view of faucets. While there are scams out there you need to watch out for (like the fake faucet wallets), I think that legit faucets play an important role in the cryptocurrency world. They are a gateway for many newcomers. They let people get comfortable with the concept of digital currency before taking on any financial risk. Faucets gave me the chance to test out wallets and read about blockchain technology before attempting to purchase Stellar (XLM) with my own money.
Pros of Stellar (XLM) Faucets
The main benefits of these Stellar (XLM) faucets are the rewards you get from completing the given task. Well, note that there are limited ways to earn free bitcoins. Most of them are only offered to specific users who meet the eligibility requirements.
If you are still new to cryptocurrency, Stellar (XLM) faucets can get you started quickly. Other than having a crypto wallet and completing the required tasks, there is nothing else you’ll need to invest.
Plus, even people with little knowledge can benefit from Stellar (XLM) faucets. Anyone can use these Stellar (XLM) faucets without even knowing the ins and outs of trading crypto.
Cons of Stellar (XLM) Faucets
The rewards given are tiny; hence one can’t get rich through them. Plus, with time, the assigned tasks will get monotonous. How many ads will you have to click or view before accruing enough earnings? Probably not that many.
Also, note that the Stellar (XLM) faucets don’t eliminate the risks of cryptocurrency. Therefore, you may run into scams, phishing attempts, and other fraudulent ways from people trying to steal your money. Some sites could infect your computer with malware. Remember that scammers use free rewards to hack into a user’s device or identity.
The Stellar (XLM) faucet website can phish information or download malware from your device once you allow them to click a link or download a file. The best way to protect yourself is to be aware of the red flags.
How to Choose a Good Stellar (XLM) Faucet
Stellar (XLM) faucets generate free cryptocurrency, if only in tiny amounts. If you don’t know how to use a crypto faucet but want to earn free Stellar, you are in the right place.
Claim amount: One of the most important factors when looking to make money is the actual sum you can earn. Each time you use a BTC faucet, you should check the claim amount to estimate your potential earnings. As a rule of thumb, the more complex a task is, the more Stellar (XLM) you can get.
Timer: Each Stellar (XLM) faucet features its own timer that refreshes in certain periods, which can range from a few minutes to several days.
Withdrawal method: Stellar (XLM) faucets usually distribute rewards via standard Dogecoin (DOGE) wallets (they keep your funds in micro wallets until reaching a certain threshold).
Minimum withdrawal: Since service providers have to pay transaction fees after each crypto payment, they set minimum withdrawal amounts to save money on transfer costs.
Referral fee: Many Stellar (XLM) faucets feature their own referral programs that allow you to earn a commission in exchange for inviting other users to the platform.
Reputation: While there are many legitimate Stellar (XLM) faucets on the market, some are operated by fraudsters. For that reason, it’s crucial to choose a reputable provider that NEVER asks you to provide sensitive personal data or deposit cryptocurrency in order to earn money.
Stellar (XLM) Faucet Alternatives
For many Stellar (XLM) faucet users, you will find that more and more crypto faucet websites add various tasks to let users earn crypto coins. So as to many Stellar (XLM) faucets. Also, there are many sites that do not support faucets but provide users with other ways to earn free Stellar (XLM). Have a look at the most common ones.
- Stellar (XLM) Faucets: Filling a CAPTCHA is the most common way for users to earn free Stellar (XLM). It usually refreshes at specific intervals, mostly minutes or a few hours. Some faucets have shorter breaks. Moreover, the balance you leave on their site starts earning interest once you meet the minimum threshold.
- Stellar (XLM) GameFi: Multiple online Blockchain-based games allow earning free Stellar (XLM). There are certainly many poker or casino games that offer sign-up, welcome, loyalty, deposit, withdrawal, and other types of bonuses in the form of free Stellar (XLM) as long as you spend money on them.
- PTC Ads & Short Links: most Stellar (XLM) faucets let you earn crypto by interacting with ads and using short links.
- Referral Programs: There are thousands of affiliate programs that can help you win free Stellar (XLM). The best affiliate marketing work is if you have a busy website and can generate huge traffic.
Best Stellar (XLM) Faucet Options 2022
Conclusion
Stellar (XLM) faucets operate on a simple principle: They keep on giving out tiny chunks of Stellar (XLM) as long as there are advertisers willing to spend money to have their banner hosted on the faucet website (clicking the advertising banners generates small revenue for the hosting website). Fractional amounts of Stellar (XLM) are regularly distributed, and the funds have to come from somewhere. In most cases, Stellar (XLM) faucet operators pay out of their own pocket for the first weeks or months until they can attract enough traffic and secure some advertising deals for their website.
