CoinFaucet.io is a XRP faucet, and it is based on a dice-roll sort-of game, which is supposed to generate free Ripple (XRP) every hour. We learned about this faucet when one of our subscribers asked us to investigate FreeRipple.com. Apparently, FreeRipple.com was the previous domain used by the people who brought you CoinFaucet.io. For some reason, they decided to change their website address and as of now FreeRipple.com redirects to CoinFaucet.io.
The faucet stands out by virtue of the fact that instead of drawing “players” back to its roll page once a day, it does so every hour. As soon as you hit the roll button and are assigned a random number, by a “provably fair” random number generator, a countdown timer starts, and before you know it, you’re ready to take your chance again.
There’s even a payout table featured just above the roll button, which details the amount of Ripples one will receive for every roll, in XRP as well as USD. Apparently, the higher the resulting number, the bigger the payout will be. Those who roll between 10,000 and 10,000 (no mistake, that’s exactly what it says on the site), get XRPs worth $300. Needless to say, the odds on rolling exactly 10,000 have to be extremely small, given how the model would definitely be unsustainable, if that amount were paid out even once a week/month.
Most of the rolls will result in numbers below 9,885, which are worth about $0.0003 – hardly worth anyone’s time. In fact, this is the main complaint that users have regarding the service: it pays VERY little, even compared to other similar services, which aren’t exactly going to break the bank either.
Numbers between 9,886 and 9,985 are worth $0.03. The 9,986-9,993 range pays $0.3, while the 9,994-9,997 range is worth $3. Those who roll 9,998 or 9,999 can consider themselves lottery-winners: their rolls are worth $30.
What’s the Catch?
…because there surely has to be one…While most similar services run Monero miners, taking advantage of users’ CPU resources in an underhanded, sneaky manner, that does NOT seem to be the case with Coinfaucet.io. We actually tested the rolls and promptly picked up our $0.0003, while keeping an eye on CPU performance. Coinfaucet.io did not spike CPU usage at all. What became clear within a handful of clicks on the site though, was that these guys are looking to make some money with a CPC ad scheme. They shove ads into your face at every step, and if you think you will simply avoid clicking them, you have another thing coming.
You will click the ads whether you want to or not, because the site is set up in a way that will open various unsavory web destinations for you, even if you just unsuspectingly click a page anywhere.
Can this kind of setup cause you any actual damages? While the popping up of various ad-linked sites is little more than nuisance, there is always a possibility that these sites – some of which are indeed adult-oriented, or worse – might come with some surprise packages in the shape of a virus or two. It is unclear if Coinfaucet.io hold any kind of control over the content displayed though the ads that they feature.
Should I Trust Coinfaucet.io?
The site does what it says it does, at the above-detailed cost. They’re not lying to you, so yes, you can trust them. If it is worth your time and the risks entailed by the repeated visiting of suspicious web-junk, by all means, go for it.
Additional Coinfaucet.io Features
Besides the above-detailed faucet feature, Coinfaucet.io also have a “Multiply XRP” and “Lottery” feature, which are supposed to increase their users’ earning potential. At the cost of having a couple more junk sites popped into our faces, we learned that these sections of the Coinfaucet.io website are currently under construction.
The referral program on the other hand, seems to work fine. If you bring someone into the Coinfaucet.io fold, you will apparently receive 50% of the prizes this person pockets. At one point, you will also get a free lottery ticket for every roll these people make.
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Coinfaucet.io withdrawals are processed instantly. To be able to withdraw, users obviously need a XRP wallet. The minimum withdrawal amount is 1 XRP.
Users are normally limited to just one account.
Red Flags and Question Marks
There aren’t any such problems to speak of with Coinfaucet.io. The operation does not promise much, and what it does promise, it seems to deliver.
The site does not have an About Us section, so we have no idea who’s running it. Information about the domain name registrant is not available either.
The complaints you will hear/read about Coinfaucet.io, are mostly focused on the ads and the small payouts. There’s really not much more to complain about.
CoinFaucet.io was ranked 8,206,658 as of November 26, 2017, according to SimilarWeb. This indicates to us that the site is not very popular at the moment. Many of the site’s visitors, perhaps its owners to, seem to be based in Russia.
CoinFaucet.io Review Conclusion
To answer the question posed in the title of this review: yes, Coinfaucet.io is most likely yet another exercise in futility. The amount of XRPs you’ll pick up through the service is minute. If you like the “gambling” though and you are not bothered by the incessant ads, you may find it entertaining for a while.
Official Site: CoinFaucet.io (previously FreeRipple.com)
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How much Ripple did you make through CoinFaucet.io? Let us know by leaving a comment below.
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