Crypto Wallet & Process Of Creating Crypto Wallet

Crypto Wallet - It is also known as microwallet and is used to store multiple cryptocurrencies in one place.

In the previous article, you have read about Faucet Website And Different Earning Methods

In this article, you will learn about cryptowallet or microwallet and the Step-by-Step process of creating a free wallet.

What Is A Crypto Wallet?

A crypto or micro wallet is a specialized wallet that allows users to receive and store small amounts of various cryptocurrencies, usually from faucet websites.

It acts as a temporary storage area for micro-transactions until a particular threshold is met, at which point the cash can be withdrawn to the user's main wallet.

Microwallets are especially effective for accepting payments from many faucet sites while avoiding large transaction fees.

They are not typical wallets, but rather a practical method for handling minor cryptocurrency transactions.

There are several crypto microwallet providers available, but we will use 'Faucetpay' because of its multiple features.

What is FaucetPay?

Faucetpay is a crypto rewards and micropayments platform that allows users to earn cryptocurrency from thousands of websites with cheap transaction fees.

It works as a microwallet, allowing users to send and receive small amounts of cryptocurrency without worrying about transaction costs.

Features Of FaucetPay

1. Earning crypto rewards: Users can earn cryptocurrency rewards by performing activities, participating in promotional offers, signing up for multiple accounts, and engaging with other platforms.

2. FaucetPay tap list: This feature allows users to filter incentives and promotions depending on their preferences.

3. Staking crypto: Users can stake their crypto, answer surveys, and play games to win additional cryptocurrency incentives.

4. Referral program: It allows users to earn a percentage of their referrals' profits from Offerwalls and PTC adverts.

Cryptocurrencies Supported By Faucetpay

FaucetPay supports a wide range of cryptocurrencies, making it a flexible platform for users to manage and exchange digital assets.

As of August 2024, FaucetPay supports several coins:

• Bitcoin (BTC)
• Ethereum (ETH)
• Litecoin (LTC)
• Dogecoin (DOGE)
• Bitcoin Cash (BCH)
• Dash (DASH)
• Tron (TRX)
• DigiByte (DGB)
• Tether TRC20 (USDT)
• Feyorra (FEY)
• Zcash (ZEC)
• Binance Coin (BNB)
• Solana (SOL)
• Ripple (XRP)
• Polygon (MATIC)
• Cardano (ADA)
• Toncoin (TON)
• Stellar (XLM)
• USD Coin (USDC) 
• Monero (XMR)

These cryptocurrencies can be earned in multiple ways, including performing tasks, participating in promotional offers, joining up for new accounts, and interacting with other faucet sites.

How To Create A Crypto Wallet (Step-By-Step)

Step 1. Visit to 'FaucetPay'

To visit FaucetPay website. Click Here

Step 2. 'Sign Up' Process

To create an account, click on 'Sign Up'

Step 3. Filling Details

1. Type Username
2. Type your active E-mail address
3. Type your same E-mail address again
4. Create a strong password (Don't forget)
5. Type the same password again
6. Check the Terms and Conditions box
7. Solve the Captcha Code to verify yourself as a human
8. Click on 'Create Account'

Then you will receive an E-mail from Faucetpay for verification.

Step 4. Verification Process

Verify your E-mail address to activate your account

Step 5. 'Log In' Process

Once your account gets verified, go to 'Sign In' and then enter your registered E-mail and password to log in to your account.

Step 6. Dashboard & Its Features

You have now successfully created your micro wallet on FaucetPay.

Let's discuss all the sections marked 1 to 14 in the images below -

1. Dashboard
2. Earn
3. Multiply BTC
4. Coin Swap
5. Affiliate
6. Advertise
7. API
8. Help
9. Overview
10. Wallet
11. Statistics
12. History
13. Linked Addresses
14. Wager Mining

1. Dashboard

Under this section, you can manage and interact with all features. It is like a portfolio of your work.

2. Earn

Under the 'Earn' section, you can earn free cryptocoins by 5 different methods -

• Faucet List
• Offerwall
• Surveys
• Paid to Click
• FEY Stalking

Faucet List - Under the faucet list, you will get multiple listings of other faucet websites and earning portals like - Game, Gambling, PTC & Offers, PTP etc.

Offerwall - An offerwall displays a selection of offers or tasks that users can do in exchange for in-app rewards.

It serves as a marketplace for users and marketers, allowing them to select tasks such as watching a video, finishing a level, making a purchase, and more in exchange for rewards such as in-app currency, lives, points, or other perks.

Offerwalls are often utilized in gaming apps but may be extended across all verticals. They give a mechanism for app developers to commercialize their games while increasing user engagement and retention.

This is a very high rewarding earning method but it is difficult to perform so beginners should avoid this earning method.

Surveys - A survey is a method of gathering information from a group of individuals by asking them questions.

It is a research technique used to collect data from a predetermined sample of respondents in order to gain information and insights.

Surveys can be conducted through various mediums such as written questionnaires, face-to-face or telephone interviews, and electronic (e-mail or website) surveys.

This is a very high rewarding earning method but it is also difficult to perform so beginners should avoid this earning method.

Paid To Click - PTC is an online business model in which people can earn money by clicking on ads for 15 to 30 seconds.

FaucetPay crypto wallet acts as a middleman between advertising and customers. When a user clicks on an ad, the viewer receives a share of the advertiser's payout in the form of Cryptocoins.

FEY Stalking - Feyorra is a cryptocurrency denoted by FEY. You can make money by stalking Feyorra coins to gain profits.

When you stalk, your funds are locked for a set length of time, known as the Lock length.

Your assets will be unreachable at this time, although Pooled Staking provides an emergency unstake option for a 10% penalty on your staked amount and forfeiture of any staking benefits.

You should also consider the liquidity and volatility risks. While your tokens are locked, their price may fluctuate within a couple of minutes.

3. Multiply BTC

Under this section, you can play multiple betting games like - Dice, Crash, Limbo, Roulette, Plinko, etc.

Note - Playing such games can be very risky. You will lose all your coins eventually at the end. So, please avoid this section.

4. Coin Swap

Under this section, you can easily convert one cryptocurrency to another cryptocurrency instantly without any hidden fees.

5. Affiliate

Under this section, you will get paid to refer others using your link.

When someone joins using your referral link then, you will get a commission whenever he/she earns.

You can share your referral link with your friends and family members or you can share it on your social media accounts.

Each earning method has different commission rates.

6. Advertise

Under this section, you can buy paid ads and also see the statistics. It supports two types of paid ads -

• Sponsored Listing
• Paid To Click

Sponsored listings in FaucetPay are a type of advertising option that allows users to promote their website, products, or services on the FaucetPay platform.

Sponsored listings appear in the very top 3 of the Faucet List page, highlighted in red.

A one-week listing costs approximately $100 and can be paid for with cryptocoins.

These listings provide users with quick viral publicity and increased visibility on the platform.

You can promote your refer link to any trusted faucet website to boost your earnings.

Paid To Click (PTC) advertising is a business strategy in which advertisers pay a fee every time a user clicks on their online ads.

In Faucetpay, this type of online marketing enables advertisers to produce display ads of 10 to 120 seconds.

Faucetpay charges $0.7 per 1000 clicks.

Here also, you can promote your refer link to any trusted faucet website to maximize your earnings.

7. API

Under this section, you can create your own faucet website using API and monetize with banner ads.

8. Help

Under this section, you can check the withdrawal fees for all 16 currencies.

9. Overview

Under this section, you can see the individual earnings from 16 cryptocurrencies. The total earning of your all cryptocoins can also be seen under 'Portfolio Value'

Total value fluctuates every time due to crypto market condition 

You can also see the transaction history under 'Recent Faucet Transaction'

You will be paid reward points every time you 'Sign in' to Faucetpay and there are multiple ways to get reward points,

The reward points can be redeemed into cryptocurrency and also can be used in paid advertising.

10. Wallet

Under this section, you can see the worth of the individual cryptocurrency.

You can direct deposit and withdraw coins from here using a unique Crypto address.

You will get your unique address for each currency so that you can deposit and withdraw funds directly using your crypto exchange with lower transaction fees.

Note: Each coin has different transaction fees.

11. Statistics 

Under this section, you can see the earnings of the last month for each coin.

12. History 

Under this section, you can see the transaction history.

13. Linked Addresses

Under this section, you can link multiple crypto addresses for the use of deposit and withdrawal

14. Wager Mining

Under this section, you can see the details of mined Feyorra coins.

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In the next article. you will learn How To Join & Work On A Faucet Website