Algorithm

Cryptos:

2,117

Exchanges:

10

Marketcap:

$2,120,510,893,508

Volume 24h:

$49,881,013,638

Faucet

What does Faucet mean in crypto terms?

A faucet is a website or application that dispenses small amounts of cryptocurrencies for free, typically as a means of introduction to the technology. The amount given is usually minimal, aimed at enabling new users to experiment with transactions, explore blockchain functionality, or engage with a community. Faucets are often funded by donations and advertisements and may require users to complete tasks, watch ads, or participate in surveys to receive the rewards. While faucets are a gateway to the crypto world for some, users should be cautious and discerning, as some may be fraudulent or harbor malicious intent.

Did you find this term clearly defined?

Yes

No

Explore Other Crypto Terms