Top 5 Monero Faucets to Start Earning XMR

Michael LaVere
  • Crypto faucets provide a fun and user-friendly way of earning free tokens.
  • Here are five monero (XMR) faucets to start earning coins right now. 

Those who arrive in the cryptocurrency space may find it hard to understand how different cryptocurrencies work, and faucets that pay out small amounts of crypto may be perfect for that. In this article we're looking at the best Monero (XMR) faucets that can help you earn  the privacy-centric cryptocurrency.

Crypto faucets have become a popular way for users to gain access to tokens without having to directly purchase them through exchanges. While the payouts tend to be small, most do not involve an extensive amount of work or complex inputs. And, best of all, the rewards are free and allow for users to experiment with different crypto-assets without spending a penny. 

Express Faucet

Express Faucet isn't just one of the top Monero facuets, as it allows users access to multiple cryptocurrencies while offering an on-platform wallet for storage. The faucet works through an auto-claim feature that enables users to claim 0.0004275 (subject to change) XMR in 30-minute intervals.

The built-in wallet may not rival the official XMR application, but it does come with an encrypted algorithm and provides a convenient form of storage for frequent users of the faucet. Express reports having over 24,000 users since launching in Oct. 2018, with a total payout of 0.57 XMR to date. 

MoneroFaucet.Info

MoneroFaucet.Info requires users to solve captchas in exchange for XMR rewards. The payout is based upon a tiered system that ranges from a minuscule 0.000005 to a more reasonable 0.025 XMR. Users will have to wait 60 minutes between claiming their rewards, but the platform allows for the direct mining monero in the interim.

Web-browser mining is less efficient than traditional mining, but the payouts are made directly to user accounts through the website. In addition, users can dictate the amount of computing power they wish to direct towards mining, which can be performed as a background function while browsing.

XMR-Faucet

XMR-Faucet, similar to MoneroFaucet.Info, requires users to solve captchas to receive their payout. The timer-delay is more significant than other options, forcing users to wait 240 minutes between payouts. However, the platform also employs a lottery game that can result in extra XMR generation. Users can link their faucethub micro-wallet to direct payments from the website. 

MyCryptoHub 

MyCryptoHub is another one of the best Monero faucets to also include multiple cryptoassets in its platform, which users can leverage to obtain XMR. The site relies upon solving captchas and directing users to short-link websites to obtain their payout. The faucet interval is shorter than other options, set to every 3 minutes, which allows more active users the opportunity to earn XMR. The website serves as a hub for all of their cryptoasset payouts, allowing users to claim their coins instantly into a faucethub micro-wallet. 

ClaimFreeCoins Monero

Claim Free Coins is multi-asset faucet that includes the privacy-centric cryptocurrency. Users solve captchas to earn XMR, with a decent payout of 5,000 piconero for each five-minute interval. The platform requires users to register before gaining access to the faucet and makes payouts directly into faucethub micro-wallet. 

Choosing a Good Faucet

While faucets are not going to elevate you into the nuovo crypto rich, they are a fun and fast way to start earning coins. When choosing a good faucet, look for the best time versus payout ratio. In addition, consider each platform’s requirement for payouts. Some websites necessitate a certain amount of crypto to be obtained before making a transfer, which can lead to wasted feffort if not fulfilled. 

It's alkso important to check for user feedback - not just with these Monero faucets but with every cryptocurrency-related service, as security is sacrosant in this space.

Featured Image Credit: Photo via Pixabay.com

Cardano (ADA) on Fire: Surges Above $0.10 to Get Into Top 6, Up 206% in 2020

At 16:00 UTC on Friday (July 3), shortly after IOHK, the company developing the Cardano (ADA) protocol, announced a custody agreement with Coinbase, the price of the ADA token went over $0.10 for the first time since October 2018, thereby making ADA the sixth most valuable cryptoasset by market cap.

Yesterday, on day two of the two-day "Cardano Virtual Summit: Shelley Edition", IOHK Co-Founder and CEO Charles Hoskinson announced that from Q4 of this year, Cardano blockchain users would be able to store their ADA holdings at Coinbase Custody "without losing the ability to delegate their stake."

On Tuesday (June 30), IOHK announced that the Shelley codebase had been released to Cardano’s mainnet (but note that the actual hard fork is not expected until around July 29):


Hoskinson had this to say about his company's agreement with Coinbase Custody, which "operates as a standalone, independently-capitalized business to Coinbase, Inc.":

"With Cardano, we believe we can create a revolutionary solution which will be able to offer access to finance and investment to swathes of the population who have previously been shut out of the system.

"This custody agreement allows us to offer the same secure storage solutions that can be found in traditional finance to ada holders, without sacrificing what makes Proof of Stake blockchains special - being able to participate in the network.

"We look forward to this partnership with Coinbase, and to continuing to bring cryptocurrencies closer and closer to mainstream adoption."

As for Sam McIngvale, Head of Product at Coinbase Custody, he said:

"We have been following the success of the Cardano incentivized testnet, with over a thousand registered stakepools during the testing period.

"We are pleased to have been selected as the custodian and we’re proud to be a full-service, regulated, comprehensively-insured, and 100% offline staking provider in crypto.

"The ability to successfully operate within a regulatory framework is essential for the long-term survival of cryptocurrencies.

"We are overseen by the same regulators, and held to similar capital requirements and audit requirements as a traditional financial custodian, which removes many of the perceived barriers to global acceptance of crypto."

IOHK's announcement was made just before 14:00 UTC on Friday (July 3). By 16:00 UTC, the ADA price had broken through the $0.10 resistance level for the first time since October 2018.

Currently (as of 07:34 UTC on July 4), Cardano's token is trading at $0.1003 (up 6.94% in the past 24-hour period), which makes it the sixth most valuable cryptoasset by market cap:

24 Hour CC Chart for ADA-USD on 4 July 2020.png

So far in 2020, Cardano's ADA has gone up over 206% vs. the dollar.