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Definition: Bitcoin faucet


An app or website that dispenses tiny amounts of bitcoins as a reward for completing a task such as viewing an ad. Participants have to register and enter their digital wallet address. Satoshis are deposited into micro wallets and then delivered to the user's wallet when filled. Bitcoin faucets were created soon after Bitcoin was launched in order to publicize the new cryptocurrency. Faucets for Ethereum and other cryptos that pay out in their respective coins emerged thereafter. See Satoshi, Bitcoin and cryptocurrency.