Frequently Asked Questions
Litecoin (LTC) is a decentralized peer-to-peer cryptocurrency. It was inspired by and technically nearly identical to Bitcoin. Litecoin is thought of as 'silver' while Bitcoin is 'gold'.
A Litecoin faucet is a website that gives users free Litecoin in exchange for doing a small task, such as clicking on an ad, or solving a CAPTCHA.
Litecoin faucets give new Litecoin users a way to get involved with and receive Litecoin instead of going through exchanges or other services to buy it. Also, there is some monetary incentive for the creator in terms of ad revenue.
1 Litoshi = 0.00000001 Litecoin
A Litoshi is currently the smallest fraction of a Litecoin. The unit is named "Litoshi" as a play on words of "Satoshi", the smallest fraction of a Bitcoin. Litoshis are to Litecoin as Satoshis are to Bitcoins.
In order to maximize your revenue on the faucet and prevent you from paying fees higher than what you are collecting, the Litecoins you claim are sent to your wallet on faucetbox.com. Once you reach the payout threshold, they are sent to your address. This way, you can collect Litecoins from SatoshiFaucet more efficiently without having to worry about fees.
Check your balance using the search button in the upper right hand corner.
The faucet is funded through donations and ad revenue.
Click the upper left logo to return to the faucet.