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Are crypto faucets worth it? Find out at Punt Casino.

Are Crypto Faucets Worth It in 2022?

October 28, 2022

Are Crypto Faucets Worth It in 2022?

October 28, 2022

Blog » Posts tagged "USDT"

How to Use the Best Crypto Faucets in 2022 and Earn Free Bitcoin

Wait a second, free Bitcoin?! Yes, you heard it, free Bitcoin. 10 years ago, that statement would’ve fallen on deaf ears. But today, hearing “free Bitcoin” will have every Tom, Dick, Harry, and Sally scurrying to get a piece of the pie, with free crypto faucets serving them up fresh by the hour.

Crypto faucets are one of the easiest and most popular ways to get free crypto online for doing almost nothing – “almost nothing” being the key words there because when it comes to many of the crypto faucets 2022 has to offer, that’s pretty much what you can expect. 

However, it’s still free bitcoin, or other free cryptos, for that matter. And considering the fact that there are actually people out there earning Bitcoin for free on crypto faucet sites, it might be worth a look. Ready to open the tap and find out if crypto faucets really are worth the hype? Let’s start with the basics.


What is a crypto faucet?

If you have no idea what crypto faucets are, have never heard of them before, and are wondering which DIY or hardware stores you can buy them from, then don’t tap out just yet, because we’re about to explain.

Crypto faucets, as misleading as the name may be to crypto newcomers, are actually websites or a crypto faucet app where users can earn free bitcoin online, usually by completing easy tasks such as solving captchas, playing simple games, or watching short advertisements, among others, receiving a small amount of crypto in return.

However, as we all know, getting something for free usually sounds too good to be true, and it also begs the question: what do free crypto faucets get out of the deal, and how does this all work?


How do crypto faucets work?

Many crypto faucets in 2022 are pretty much ad sites, displaying various advertisements on the screen or requiring users to view videos and other ads in order to earn free crypto – ads that the crypto faucet sites get paid for with every clickthrough by users.

What this means is that crypto faucets generate an income through advertising, generating website traffic, or exposing its users to certain information, mostly related to crypto. This is how they fund the “free crypto” that is paid to users for completing the tasks.

The first free crypto faucet was launched in 2010 by a Bitcoin Core developer by the name of Gavin Andresen, who sought to create global awareness of Bitcoin by giving users the opportunity to earn 5 BTC for solving a simple captcha.

The first free bitcoin faucet offered 5 Bitcoins for just solving a simple captcha.

Today, that quick and easy 5 BTC payout would be worth just over $100,000 – can you imagine? But, as we all know, it’s not 2010 anymore, and 5 BTC doesn’t just fall into your lap in 2022 – unless you’re claiming the 6 BTC Welcome Package at Punt, that is.


Earn free crypto on the best crypto faucet sites

Using a crypto faucet is very easy, as all you’ll need to do is sign up for an account with whichever trusted crypto faucet app or site you decide to use (we’ll mention a few good ones shortly). 

In most cases, the crypto you can earn on free crypto faucets will be displayed in your account balance, and you’ll need to earn a certain amount before you can withdraw. 

Remember, you’ll be paid small amounts with each task you perform, as crypto faucets in 2022 pay in Satoshis (1 Bitcoin = 100 million Satoshi), so it might take a while before you can withdraw, depending on the faucet’s threshold and hourly payout amount.

Many of the best crypto faucet websites, such as the original, offer various ways to get bitcoin for free, as well as the opportunity to win some incredible prizes.

The Free Bitcoins website offers users the opportunity to earn free bitcoin in 2022.

After creating a crypto faucet account, you’ll have access to all the different ways to earn free Bitcoin or other cryptos with various menus and guides on the site or app on how to make the best use of a crypto faucet.

Let’s use one of the other top crypto faucets of 2022, Cointiply, as an example. Users can earn “Coins” by completing various daily tasks such as playing games, watching videos, referring other users, and completing surveys, among other ways of earning free crypto. 

The primary method of earning Coins is the Cointiply Faucet “Roll & Win”. Here, the user gets a lucky roll after solving a captcha for a chance to win various Coin jackpots for free, which can be done only once every hour. Most crypto faucets and sites have a similar mechanic for the primary faucet method of earning free crypto.

The Cointiply free crypto faucet in 2022.

“Coins” are the site’s native currency, and each Coin’s value is tied to the value of the US dollar – kind of like a stablecoin. With this site, in particular, you’ll need to earn a minimum of 50,000 coins before withdrawing Bitcoin in the equivalent US dollar value, or 30,000 coins for Dogecoin, Dashcoin, or Litecoin.

Once you’ve earned enough credits on whichever crypto faucet app or site you use and want to withdraw, you’ll need to provide your crypto wallet address for the payment to be made. If you don’t have a crypto wallet set up yet, we’ve got you covered on that front too with an all-inclusive guide for how to create a crypto wallet.


How to choose the best crypto faucet

Crypto faucets in 2022 may seem very similar to one another at first glance, but you’ll need to dig a little deeper to find the differences between them to decide which is the best crypto faucet for you to earn free crypto. Here’s what to look out for:


How frequently can you use the crypto faucet?

Almost every crypto faucet site where you can earn free crypto has a timer between claims – some sites require only five minutes, whereas others might have you waiting an hour before you can use the faucet again.

The Free Bitcoins website allows users to earn free crypto using a crypto faucet every hour.

The best crypto faucet app or websites will only require a short period of time before you can spin to win free crypto again, but you’ll also need to weigh up the amounts you can win with each roll when taking this point into consideration.


Withdrawal minimums and maximums

Most crypto faucets will only pay a few Satoshis, and in many cases, these will not be paid directly to your crypto wallet. As we mentioned, you’ll have an account balance on the site or app, and you’ll have to reach the crypto faucet’s cashout threshold before you can withdraw. The best crypto faucet sites and apps will have smaller withdrawal limits.


Withdrawal methods and accepted cryptos

Although most crypto faucets will allow you to withdraw funds directly into your crypto wallet when you’ve accumulated enough credits, some may offer different payment methods which might not be as easy. Take the withdrawal methods into account when choosing a crypto faucet app or website to use.

Another important thing to consider is the different cryptos available to earn for free with crypto faucets in 2022. Of course, you want to earn cryptos that actually have value and are fairly prominent in the crypto space – avoid those shitcoins as best you can

The Final Autoclaim crypto faucet, for example, allows users to claim up to 73 different coins automatically, all at once, on the same page.

The Final Autoclaim crypto faucet from Dutchycorp offers users the chance to earn 73 cryptocurrencies for free using a crypto faucet on the site.


How many ways can you earn crypto in the free crypto faucet?

Free crypto faucets might not always offer as many ways to earn crypto as some paid-subscription sites out there, but you will certainly find a crypto faucet app or an online site quite easily that offers many ways to earn Bitcoin for free. Research is key, especially when you want to find a crypto faucet that is worth your time and effort, as minimal as it may be.


Can you make a profit from crypto faucets?

It depends. Have you got the time to log in, watch advertisements, solve captchas, play mini-games, or complete surveys every few minutes for the entire day? The truth is, crypto faucets do offer the opportunity to earn free crypto, but it does take time and effort.

The problem with many crypto faucet users is that they don’t have the stamina to complete enough tasks to earn enough crypto and reach the cashout minimums. Many lose interest, give up, or simply just forget that they’ve signed up with crypto faucet sites in the first place, and never get to the point where they can actually withdraw free crypto.

Since it doesn’t really cost you anything to sign up and use free crypto faucets, then yes, you can certainly make a profit. But reaching the point where you can actually cash out free crypto is another story. But hey, you can always find a crypto faucet app or site with a low withdrawal minimum, earn free crypto, and come multiply your money in over 1,000 casino games at Punt!

Games available to play using crypto at Punt Casino.

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Explore the world of crypto with Punt Casino!

If you’re new to the world of cryptocurrencies and you’re looking to explore, crypto faucets in 2022 are a good option if you want to earn crypto for free and discover what digital currencies are all about. 

As the fastest-rising crypto casino in the world, Punt offers many ways to learn about crypto with loads of crypto guides and information packed into our site, so if you’re looking to learn, our blog is a great place to start – not to mention our five-star selection of crypto-friendly games that could see your crypto faucet earnings turn to jackpot payouts with a click of a button.

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Crypto wallet image.

Crypto Wallet Guide: How to Create a Crypto Digital Wallet

September 25, 2022

Crypto Wallet Guide: How to Create a Crypto Digital Wallet

September 25, 2022

Blog » Posts tagged "USDT"

Learn How to Secure Your Crypto With Our All-Inclusive Crypto Wallet Guide

How and where do you store crypto?  Crypto wallets are the answer. These digital purses are where you will, ideally, store the cryptocurrency you buy, and if you’re playing casino games at Punt, store those big-money crypto wins. 

Given that crypto wallets form such an integral part of your crypto experience, from staking coins to engaging with DeFi and NFTs – not to mention depositing cryptos to play online, it’s important to know what variations of crypto wallets there are, the differences between them, and how to set them up. 

This crypto wallet guide will break down what kind of crypto wallets are out there and what you can expect when getting started. Now let’s show you how to set one up and fill your newly-created wallet with a whole bunch of crypto payouts at Punt.


What is a Crypto Wallet?

Before we begin with this crypto wallet guide, it’s important to know that your coins are never actually ‘in’ your wallet, not in the same way that cash is. Moreover, when cryptocurrency is sent to you, it is sent to a part of the blockchain that only you can access, with the wallet being the gateway to that specific part.

This means that if you ever lose access to your wallet, or the wallet itself, you haven’t actually lost the coins, merely your access to them – let’s see traditional cash wallets pull THAT on off! 

You can simply get a new wallet, import the details, and voila – you have your coins back. It is also important to remember that crypto wallets can hold many different types of cryptos at once.

Crypto wallets can hold many different cryptos at once.

Before we compare crypto wallets, we need to cover some very important terms that define what type of wallets there are. 


Types of crypto wallets

There are three main types of crypto wallets – software wallets, paper wallets, and hardware wallets. However, we discourage the use of paper wallets (this ins’t the 90’s anymore) and suggest you go for either a hot wallet or a cold wallet.

Both of these options can be used for online gambling, but it’s important to know the features and characteristics of each. Before we continue, here’s a quick explanation from the top crypto exchange in the world, Binance.


Software wallets / hot wallets

To recap, these crypto wallets take the form of a cryptocurrency wallet app on your phone, computer, or web browser. They are also referred to as ‘hot wallets’ because they are connected to the internet. Software wallets are less secure but more practical than hardware wallets – but don’t get us wrong, for crypto gambling, these will do just fine.

Trust Wallet software bitcoin wallet for crypto.


Hardware wallets

These are physical devices, generally in the form of a USB stick, that offer better protection for your assets. This is because they are stored offline and are only connected to the internet when the owner performs a task such as sending coins. To this end, they are also referred to as “cold wallets”, and are less practical but more secure than software wallets.

Top hardware wallets for crypto.


Custodial and non-custodial wallets

Something else you need to know before choosing between the different types of crypto wallets, is how the coins will be stored. Wallets can either be custodial or non-custodial, so let’s take a look.


Custodial wallets

These are wallets where the wallet maker holds your coins in its own pools, commingling them with other customers’ funds and only taking them out again when you want to withdraw them. This is very similar to holding them on an exchange and means that you are relying on the security of the wallet maker as well as your device to protect your coins.


Non-custodial wallets

These wallets allow you full control over your coins. You are given a private key that is essentially a master password to the contents of your wallet, meaning the safety of the coins is entirely down to you.

With those important terms in mind, let’s crack on with our crypto wallet guide and compare crypto wallets.


Software wallets

With software wallets coming in all different shapes and sizes and on multiple platforms, the process for setting them up, in most cases, is slightly different for each type. However, the ethos is broadly the same, so in this crypto wallet guide, we can look at them as a collective.

The most popular type of software wallet these days is a mobile crypto wallet app, with dozens of products available to choose from. Many of them don’t cost anything upfront, essentially giving you a free crypto wallet, although many make the cost back in transaction fees.

Trust Wallet mobile app.


Installing a software wallet

Assuming you have done your research and chosen the right cryptocurrency software wallet suited for your needs, making sure you download the wallet from an official website or your device’s app is important

The first step will be to see if you need to register and prove your identity. Some software wallets, such as NearPay, will need you to register and confirm your identity through a KYC process before you can start using them. 

This will begin the moment you run the wallet application, with government-issued identification required as well as a selfie, so be prepared for that.

If you don’t need to register, as is the case with popular software wallets such as Metamask and Trust Wallet, your wallet will be live as soon as you’ve created it. You can then begin sending and receiving coins right away – that means you can make a deposit using our quick and easy deposit window almost instantly at Punt!

Depositing crypto is easy with Punt Casino's quick-deposit window in the lobby.


Some non-custodial software wallets will supply your private key or a multi-word passphrase which you should definitely write down and keep very safe and secure. Others will produce it if you request it in the app. If you lose your phone, accidentally delete the wallet, or otherwise lose access to it, you can bring the wallet back to life with this magical passphrase code.


Using a software wallet

Receiving your first crypto is very easy with a software wallet. Simply head to the “Account Details”  section, find the coin you want to deposit, and hit “Deposit”. This will give you the choice between a long alphanumeric code or a QR code, depending on how you are sending the coins.

Choose the most appropriate sending method for you, follow the instructions on the platform you’re sending from, and the coins will arrive as quickly as the blockchain allows. The process is similar for sending coins – click ‘send’, enter the address or scan the QR code of the recipient, confirm, and away they go.


Securing a software wallet

There aren’t that many steps you can take to keep your cryptocurrency wallet app more secure than it already is. Obviously, you should never reveal your private key or passphrase to anyone, and ensure you have all the protection features the wallet offers (2FA, fingerprint, withdrawal confirmation, etc.). Other than that, a cryptocurrency software wallet is only as secure as the device on which it is installed.


Hardware wallets

A hardware crypto digital wallet takes a little more setting up, and using them takes a little more work. However, they are more secure. In this crypto wallet guide, we’ll cover the process required by the most common types of hardware wallets.


Installing a hardware wallet

Once you have bought and unboxed your hardware wallet, you’ll need to make it ‘live’. The instructions for doing this will be included in the box, and some of the newer models even allow you to carry out the setup online. Older models will require everything to be done on the device initially, using buttons or a touch screen.

Setting up a hardware crypto wallet.

The first step will be to record your private key. Again, note this down and keep it very safe, along with any other passwords you are asked to create. You will be asked to provide the password each time you want to use the device, but NEVER the private key. 

No legitimate app, platform, or program, will ever ask for your private key, not even the wallet maker – remember that!


Using a hardware wallet

Once this basic setup is done, you will be asked which coins you wish to send to your wallet. This is because you need to install apps for each coin on the device so you can receive and store them. Thankfully this process is easy and is done online, usually through a dedicated program. 

Once you’ve chosen a few coins, the process for depositing is very similar to software wallets – in the program, select ‘deposit’, select the address or QR code, send the funds, and await their arrival.

Sending coins is a little different, and proves why a hardware crypto digital wallet is more secure. Once you enter the address to send your coins, you will have to physically confirm the transaction on the device before the coins will be sent. This is to make sure that coins can’t be sent from your wallet remotely.


Securing a hardware wallet

When you’re not using a hardware wallet, disconnect it from your computer and store it somewhere very safe. Remember, if someone steals your hardware wallet, they can’t use it without the password. They also can’t send any coins from your wallet without having physical access to the device and ensuring that it is connected to the internet.



As this crypto wallet guide has shown, setting up and securing the different types of crypto digital wallets that exist is largely a straightforward process these days, meaning that the only tricky thing is deciding which to use.

Hot wallet vs cold wallet for storing cryptocurrencies.

Many people make use of both – having the core of their holdings on a hardware wallet and keeping a little on a cryptocurrency wallet app or hot wallet for regular use. This approach is probably the best balance for most users, but of course, only YOU know which is the right option for YOU

We hope you found this article helpful, and once you’ve set up your wallet and you’re ready to make your first deposit and start playing our epic casino games at Punt, don’t forget to claim your 6 BTC and $25 Free Chip Welcome Package – that should get your wallet filled in no time!

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Tether USDT logo.

USDT Gambling: 5 Reasons You Should Gamble with Tether

September 24, 2022

USDT Gambling: 5 Reasons You Should Gamble with Tether

September 24, 2022

Blog » Posts tagged "USDT"

USDT Gambling Lets You Win Big at Punt Casino

Unless you’ve been living under a rock (apologies if you have!), you’ll know that cryptocurrencies have seen major adoption across the globe.

As a result, crypto has become an acceptable method for exchange and payments for multiple organizations, including right here at Punt Casino.

Among the thousands of cryptocurrencies that exist today, Tether (USDT) is becoming an increasingly popular choice. Reason being that it is reliable, safe, and convenient, even if it has experienced a little controversy over the years.

In this article, we are putting our cards on the table when it comes to USDT. Here are five reasons why Tether is your best bet for crypto gambling transactions and playing casino games at Punt.


Why Should You Gamble with USDT?

While there are far more popular cryptocurrencies — and good old fiat — many gamblers still prefer Tether instead, and it’s easy to see why due to availability But, accessibility and availability isn’t the be all to end all when it comes to your gambling currency of choice.

Fast transaction processing speed 

This is the foremost criterion that sets Tether apart. 

Unlike traditional fiat, which could be subject to organizational lapses, bureaucratic restrictions, and network downtimes, getting USDT into your casino account takes just seconds.

With Tether and most cryptocurrencies, you do not have to rely on third-party organizations to process your transactions. This ensures that you enjoy faster transactions with lesser fees – it’s a win-win! Plus, you can use our handy deposit window in the Punt Casino lobby to register, make your first Tether deposit, and claim your 3-stage welcome package of up to 6 BTC (or USDT equivalent) to get started right away!

The Punt Casino Lobby featuring football icon and brand ambassador, Michael Owen.

Additionally, in certain countries, the speed of debit or credit card transactions depends on banks’ operating hours, as money transfers have to be approved at different levels by different parties. In our experience, it can be pretty slow.

With USDT, your funds are accessible round the clock, as the crypto markets never sleep. Also, transactions are processed on the blockchain at breathtaking speed, meaning you don’t need multi-party approvals or regulatory checks before transacting. 

Reliable security

Using USDT for your online gambling is safer than most cryptos, as the stablecoin is backed by real assets owned by Tether. 

As we saw in May with Terra USD (UST), certain stablecoins issued by some protocols are susceptible to collapse, de-pegging, or hacks. With Tether, you are gambling using one of the most backed and most popular coins in crypto, meaning that the proceeds from your wins are – as the British would say – as safe as houses.

Compared to fiat, gambling with cryptocurrencies like USDT eliminates the risk of data theft in case of a personal attack. This is because you do not have to provide important information to transact using USDT. 

Stable value 

One key drawback of cryptocurrencies that can’t be overlooked is price volatility. With cryptos like BTC, the proceeds from your gambling wins may be eroded with dips in price, such as we have seen over the last few months. 

With the ongoing chaos and the bearish sentiment in the markets, it would be wise to opt for a more stable option, and as far as stability goes, it doesn’t get more stable than USDT. 

Tether (USDT) is one of the most popular stablecoins. It is backed by (and pegged 1:1 to) the US Dollar, so you do not have to worry about fluctuating prices, as the Dollar is one of the most stable currencies in the world.

Tether USDT has a value pegged to the US dollar.

So, while you may worry about fluctuation in the prices of other cryptocurrencies, that of USDT remains fixed over time. 


Gambling Rewards

Gambling with cryptocurrencies like Tether lets you enjoy several bonuses and rewards – bonuses and rewards that you won’t get elsewhere. 

Many online casinos (like Punt Casino, of course!) use bonuses, promotions, and loyalty programs to attract online gamblers into using cryptos for gambling. 

Casinos that allow crypto gambling are especially generous, as they offer amazing rewards and mind-blowing promotions that usually do not apply to gamblers who use fiat for their crypto transactions. 

A Wide Range of Games to Choose From 

There is a wide range of games available to you when you play using Tether, especially at Punt Casino. You can enjoy our games, ranging from online slots to table games down to more skill-based games such as blackjack and roulette.

Kicking open the door to the biggest and best casino action, USDT can be your ticket to life-changing jackpots.


How to Gamble with Tether on Punt Casino 

Getting started with gambling with Tether should not be difficult. In fact, it is super easy!

To begin your USDT journey, just follow these steps:

Step 1 – Open a cryptocurrency wallet

For a list of the best wallet options for you, check this list. A crypto wallet is a digital tool wherein you store and manage your crypto assets. Through your crypto wallet, you can access your crypto, send it to others and receive crypto. 

Wallets are great for transacting at Punt Casino, as they are what replace the accounts you would use in a fiat transaction. 

Once you’ve chosen a preferred wallet, you can read this guide on how to set up a crypto wallet.

Step 2 – Buy USDT

Buy the USDT coins you intend to use for gambling via any crypto exchange of your choice. Don’t worry, it’s a super simple process that your chosen wallet or exchange should make clear to you.

Step 3 – Pick a casino of your choice

There are thousands of casinos out there, but Punt Casino remains a great choice. If you’re new, you can create a player account here (it will only take a few minutes). Plus, you’ll get to grab yourself up to 6 BTC (or Tether equivalent) and a $25 Free Chip when joining the world’s top-ranking crypto casino!

The Punt Casino Welcome Package offers up to 6 BTC in bonus funds and 100 free spins across the first 3 deposits.

Step 4 – Deposit

Now that you have chosen your wallet, purchased your USDT coins, and signed up at a casino (preferably Punt Casino), it is now time to deposit. Usually, a casino offers you a welcome bonus (which you may decline, your choice!). 

At Punt Casino, we offer you a generous bonus of up to 6 BTC and a $25 Free Chip to get your started. Don’t say we don’t treat you!


Should you gamble with Tether? 

The answer to that is a resounding yes! 

This stablecoin has proven to be one of the most reliable and effective digital assets to use for online gambling. 

In addition to the stable value it offers, its utility as a currency with fast transaction times, as well as the numerous available games makes it a no-brainer for online casino gambling. 

What’s more, it offers the best of both fiat and crypto, combining what both have to offer, while eliminating their drawbacks. Gamble with USDT now and enjoy your favorite games while winning amazing prizes with Punt Casino!   

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