In this article we will review the Faucetpay microwallet to determine whether it is a scam or legit
FaucetPay is a small microwallet for seven different Cryptocurrencies. You can earn and store BITCOIN (BTC), ETHEREUM (ETH), DOGECOIN (DOGE), LITECOIN (LTC), BITCOIN CASH (BCH), DASH (DASH), DIGIBYTE DGB), TRON (TRX), TETHER TRC20 (USDT), FEYORRA (FEY), ZCASH (ZEC), BINANCE BEP20 (BNB), SOLANA (SOL) with a low minimum payout.
Receive instant payments from thousands of websites, and withdraw them to your wallet at very low fees.
FaucetPay also has Get-Paid-To (GPT) features, making it a unique site. FaucetPay lets you earn Bitcoin by viewing PTC Ads, Offerwalls, Faucet List, Multiply BTC & Affiliates.
You can also open your own faucet on FaucetPay as it has all the necessary tools and scripts.
History of Faucetpay microwallet
The story of Faucetpay actually begins with the end of the Faucethub at the end of 2019. In short, the then top service in the microwallet universe surprisingly announced its withdrawal and in a few weeks, a huge vacuum was created, but after a while, almost all the providers who were previously with Faucethub switched to the newly created Faucetpay service.
Since Faucetpay is not "just" a Faucet or PTC site, Faucetpay offers a central microwallet to connect all your other wallets into one platform. The genius of this is that dozens, maybe even hundreds of individual faucets are connected to the Faucetpay platform and all of them automatically transfer your claimed balance directly to Faucetpy, no matter how small.
Click here to Join FaucetPay and earn some free bitcoins and altcoins with us
Now, to fully understand how this site works, we need to take a closer look at the earning opportunities it offers. By doing this, you can also get an estimate of how much you can earn from this site.
Daily login bonus
Once a day, you will be able to claim the login bonus. When you first log into the site for the day, you'll see something like the photo below.
You will get one daily login bonus every day.
During your first day, the daily login bonus will be set at 1 reward point. This will increase by 1 reward point day by day as you continue to log in to the site.
The maximum reward points you will get per day is 100 reward points. So say for example, you have logged into the site for 15 days and the last bonus you got was 15 reward points. Then, the next day, you fail to log in, ending your streak. The next time you log into the site, your daily login bonus will revert to 1 reward point.
That's why it's really important to keep the login streak going to increase your earnings. To put into perspective how important this bonus is, 1 Reward Point is equivalent to 1 Satoshi.
So, you can potentially earn 100 Satoshis after logging in every day, which I think is a nice bonus.
Faucetpay Faucet List
The "Faucet List" will be your main income as faucetpay has 10000+ Faucets link.
All Faucets on this list pay you directly on FaucetPay. Some of them offer instant payouts called "Instant Faucet" and some of them want you to collect a certain amount of satoshis before withdrawing.
We checked the best FaucetPay Instant Faucets for you check in Navigation or here but you need to Link a Bitcoin Wallet address with your Faucetpay Account to use this faucet list.
Faucetpay Offerwalls
This is another earning opportunity for you but you have to unlock it to earn with this feature.
You can access their offerwall only if you make a certain number of faucet claims every month (usually 5 to 7 faucet claims). So, how do you get faucet payments?
After fulfilling all their requirements you can earn rewards in the form of Satoshi (the smallest unit of Bitcoin). Paid offers are simple tasks you can do to earn rewards. These tasks ask you to answer surveys or quizzes, play mobile games, sign up for websites, watch videos or ads, and more.
This way you can earn 1000+ satoshis per survey in 15 to 20 minutes, you can earn $100 per day (depending on available survey).
Faucetpay paid surveys
To participate in some surveys you need to unlock it first.
To access their paid surveys, you just need to login to your faucetpay account and click on the “Earn” option on their menu. Then, select the survey option. Select the survey you want to answer and then click on the “Answer” button. It will open a new browser tab where you have to set up your profile first. Just answer all the profile questions as honestly as you can. Once you're done, you'll be notified if a survey is available for you.
If a survey is available, proceed by answering it. Once you finish answering the survey, you will receive the promised reward. If no survey is available for you, you just need to move to the next available survey in the FaucetPay offerwall.
For every survey you complete, you will be rewarded with USDP. This USDP is automatically converted to an equivalent amount of BTC and credited to your account.
Faucetpay Paid-To-Click (PTC)
From faucetpay PTC feature you can earn up to 20 satoshis per ads view in 15 seconds and some times 120 satoshis per PTC ad visit depends on promotional sites available on the platform, you can earn daily +500 satoshis per day by simply completing PTC tasks.
FEY Staking
Crypto staking is the process of locking up crypto holdings to earn rewards or earn interest. Crypto stacking is a way to earn passive income.
Crypto staking involves “locking up” a portion of your cryptocurrency for a period of time to help the operation of the blockchain.
Speaking about other opportunities, you can also earn by participating in faucetpay's FEY staking. You can put FEY tokens for staking so that you can earn more after certain days. In the case of FaucetPay, the lock-in period for their stake is 80 days and will include a token called FEY (or Feyorra).
So, how do you get this token? Well, you can get feyorra through feyyora faucets or use any cryptocurrency to trade for these tokens. And the good thing is, you can do it in FaucetPay because they have a trading option. You can use coin swaps or leverage trading to exchange other cryptos for Feyorra tokens.
I would suggest you to join the one that is almost close to full so that you don’t have to wait long for the staking period to start. Once it starts, you just have to wait 80 days to receive your reward. It kind of works like putting money in the FD (Fix deposit) in the bank and waiting for the interest to be credited to your account.
Note that the FEY tokens you have placed in staking cannot be withdrawn until the end of the staking period. Before you decide to participate in this earning opportunity, I suggest you to make sure you understand the token disclaimer and the terms and conditions by faucetpay. This is exactly what you need to know because you can potentially lose money by doing so.
Faucetpay Multiply BTC
Like on FreeBitcoin you can play the Multiply BTC Game on Faucetpay. Same as on FreeBitcoin the game is designed Provably Fair with Server Seed (Hash) and randomizable Client Seed.
You can Play the game with all the Coins listed on Faucetpay above. This is a section where you can potentially multiply your earnings. However, this also comes with a risk.
Faucetpay multiply BTC offers several games where you can bet your earnings and double your earning. At the time of writing this review, the games you can play are Dice, Roulette, Limbo, Crashes, and Plinko.
All the games are very simple and easy to play and have easy-to-follow instructions on their website. You just choose a bet and play the game and if you win you get a prize but if you lose you lose your bet. The higher the amount you bet, the more you can win, but then, of course, the risks will also be higher. Be careful with this option as your earnings can disappear quickly if you are not lucky.
Faucetpay affiliate program
Finally, you can earn bonus rewards by participating in their affiliate program.
If you don't know what an affiliate program is, it's basically an opportunity where you can invite other people to join the site so you can earn extra rewards.
The "Affiliate" feature on FaucetPay is amazing because you can refer referrals and earn commission depending on their activity. Faucetpay also constantly run a contest for this feature where the member with the highest affiliate earnings wins a prize (last time it was 150$/BTC for the first place winner).
All you have to do is share your invite link with the person you want to invite and once they sign up to FaucetPay using your link, they will become your referral. But, before you can earn from their referral program, your referral must become an active member of the site. This means they have to fulfill any earning opportunities offered by FaucetPay. For example, if they complete one of their offerwall paid offers, you will receive a 25% commission which will be made through FaucetPay. So, make sure to invite people that are really interested in earning from FaucetPay.
If you are interested in joining FaucetPay and earning crypto through it then read this article first.
Faucetpay Withdrawls
The “Withdrawals” feature on FaucetPay is very effective. You have the option to cash out your coins instantly (5 minutes) or within the next 4 hours from request with low fees. We tested it with all coins and it works perfectly because the idea behind it is to give security to the user to cashout his money anytime! Since Faucetpay has binary options and people seriously trade there it is very important for its trustworthiness and reliability.
For every withdrawal you make, there will be a withdrawal fee. Fees will depend on the cryptocurrency you withdraw as well as the type of withdrawal you will make. Normal withdrawals will have lower fees and priority withdrawals will cost more. To withdraw, you just need to provide your crypto wallet address. Once you've done that, FaucetPay can process your request and send your crypto to the blockchain for further processing.
Conclusion
In summary, I became a Fan of FaucetPay since it gave us back what Faucethub took from us. This industry needs a strong player in the Microwallet space for the tons of people who want to make a Faucet and share some Bitcoins to people and newbie want to earn free crypto from this faucets.
We like the design of FaucetPay, it is very simply designed but you really will not have any trouble understanding how this amazing site works! FaucetPay is a Legit micro wallet GPT site, we recommend this micro-wallet due to the very low withdrawal requirements and many faucets link with this wallet.