FaucetBy CoinGecko | Updated on Apr 09, 2020
A faucet usually represents a site or app where a user can navigate to for small rewards repeated over time. Certain sites that monetize faucets involve requiring users to watch advertisements, or complete certain actions before earning their rewards.Faucets are commonly used during the early days of Bitcoin where users are able to request for Bitcoin for free, or in many different altcoins as a marketing move to get users interested in the coin.
Share this with a friend!
Zero Confirmation Transaction
Another name for "unconfirmed transaction"
Central data repository of a company or bank
Someone who holds an enormous amount of cryptocurrency and has the ability to wave the market
The lowest point (in price, in market capitalization) that a cryptocurrency has been in history.
Hungry for more knowledge?Back to Glossary or Subscribe to our newsletter.