Did you know that you can earn free ethereum online without actually mining it? Ethereum is a platform that is not governed by any government, and it is used to run smart contacts. These are computer applications that are being run as they were programmed without any possibility of third party influence or downtime, censorship, and fraud. In other words, ethereum was created to function the same way the internet works – openly, freely and uncensored.
Most importantly, in order for you to run any application on the ethereum, you must have the digital currency known as ether (ETH). This coin is being used by both distributors and miners to uphold the network.
Therefore, for you to be able to get free ethereum, you need to use a dedicated ethereum mining hardware, computer or an ethereum cloud mining services. Besides that, you can also get ether by adding what is known as wallet address to the ethereum faucet and then start earning ether. Moreover, you can also collect ether by performing some tasks on various websites which pay in terms of ether. Some of the most common online tasks that you can complete and be paid free ethereum include: answering surveys, downloading and playing games, watching videos and visiting different kinds of websites.
What You Require to Earn Free Ethereum
For you to be able to earn free ethereum, you need the following.
- Ethereum Wallet
There are several different kinds of ethereum wallets available. You can use either a local or an online ethereum wallet. Whether you select a local or online wallet, you need to install it for you to be able to use it. However, sometimes installing this wallet can be troublesome. If you find it hard to install your ethereum wallet, then you can use the ones that are already available online such as the BIT.AC. Most of the online portfolios are easy to use, and in most cases, you will not be required to download them or installed on your device for use. Another advantage of the online ethereum wallets is that you can use them to convert your ether to other digital currencies easily.
- Wallet Address
If you are using an online ethereum wallet, you will be provided by your wallet page or software. When you join an online portfolio, it is easy to find your wallet address. It is encoded within the interface of the wallet page. Additionally, it is a base 58-encoded string with a mixture of numbers and letters.
- A Browser and a Device
You can have your ethereum wallet either on your computer or on your mobile phone that has an internet connection. Once you have these, all you need is to just copy and paste your ethereum address in the field provided in the wallet. After that, you must fill in the reCaptcha and then submit it by clicking the claim button.
Examples of Free Faucets
There are many types of ethereum faucets where you can earn free ethereum. All that you will do is to add your wallet address on the faucet, and you will start receiving small amounts of ether now and then. Some of the faucets function like a lottery whereby they issue a certain amount of ether on a specific period. Some of the faucets are:
Ethfree – This is a high paying ethereum faucet on the market today. They offer free ethereum after every 5 minutes. Moreover, the minimum threshold for payouts is 0.05 ETH.
Ether Free – Currently, this is the best free ethereum faucet. They make their payments after every 15 minutes. In addition to that, they offer an excellent friend referral, and you can make claims of 100%. Their minimum threshold for withdrawal is 0.0016 ETH.
EtherFaucetNet – this is a new faucet that offers a good amount of free ethereum after every 5 minutes. All that you need to do is add your ethereum address and then begin claiming your free ether today. The minimum payment threshold for this faucet is 0.05ETH.
EthereumFaucet – similarly this is a new faucet. However, it requires a command of line skills. With this faucet, they offer free ethereum any time that you decide to collect the ethreum. Their minimum threshold for payouts is 0.1 ETH.
Ethereum Gratis – this faucet makes their free ethereum payouts after every 5 minutes to every person that is next online. The amount that they pay is 10% of the available content in the faucet wallet at the time of payment. The minimum payouts are 1 Fenny.
To learn more about how to mine ethereum, visit A 3 Stage Easy Guide on How to Mine Ethereum or Ethereum for Dummies.