Using the power of a distributed peer-to-peer consensus network, every transaction is cryptographically secured. Individual accounts have a 25 word mnemonic seed displayed when created, which can be written down to back up the account. Account files are encrypted with a passphrase to ensure they are worthless if stolen.
Monero uses a cryptographically sound system that allows you to send and receive funds without your transactions being publicly visible on the blockchain (the distributed ledger of transactions). This ensures that your purchases, receipts, and other transfers remain private by default.
By taking advantage of ring signatures, a special property of certain types of cryptography, Monero enables untraceable transactions. This means it's ambiguous which funds have been spent, and thus extremely unlikely that a transaction could be linked to particular user.
Unlike Bitcoin and Bitcoin-derivatives Monero is based on an entirely new protocol - CryptoNote - which utilises the Cryptonite hashing algorithm when mining. This algorithm is ASIC proof, meaning that it can still be profitable to mine using only a CPU or GPU.
The best way to mine Monero is to join a mining pool. Monero Faucet recommends MinerGate as they have low fees and a easy to use software solution which can mine multiple cryptocurrencies at once. No computer or industry knowledge is needed, just download the software, click the 'AutoMine' button and MinerGate will starting mining the coin that has been the most profitable over the previous hour!
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Monero is currently trading at an all time high. This year, in just a few short months, traders have made upwards of 2000% profit!
If you want to turn your Monero directly into cash or are just looking to make cash off cryptocurrency trading, Monero Faucet recommends Changelly. You can buy and sell XMR instantly with their easy to use interface. It couldn't be easier to start trading like a pro!
To reward loyal users, it is necessary to free up XMR claimed by users that no longer use the faucet.
If you have not made a claim in the last 30 days your account will be deemed inactive and your non-withdrawn balance will be forfeited. Any referrals you have made will also be removed from the system.
How do I stay active?
Easy! Make sure you visit the faucet and make a claim at least once every 30 days.
I refer new users, but don't claim myself. Will this keep my account active?
No. You need to make a claim yourself at least once every 30 days in order to keep your account active.
My account was made inactive, can I get back my XMR?
No. Your XMR has been used to reward loyal users of the faucet. You can continue making claims and start earning XMR again - just remember to make a claim at least once every 30 days.