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MicroWallets are designed to hold and receive very small payments that some regular cryptowallets would not take because the amounts are too small. They are a great way to get your feet wet in the cryptoworld and how transactions happen. A microwallet will store your crypto if you still don’t own any and are just starting or you might just want to get your hands on more free crypto. Microwallets will allow you to receive very small payments usually obtained through Faucets, games or other applications that usually will reward you with crypto for watching ads, completing tasks, visiting links or websites. Many of us started getting crypto through these sites. And once you have gathered enough crypto in your microwallet, you can withdraw your earnings to a regular cryptowallet such as Coinbase.
And then, the question arises... If I am going to get started using a micro wallet:
Which Mircrowallet should I use?
I have prepared a table comparing both Microwallets, their withdrawal fees and minimum withdrawal amounts that should help you make an informed decision. If you want to jump right to that table, scroll down to the end.
I spent some hours doing research and found that two of the biggest and most reputable Microwallets are the two mentioned in the title of this article: FaucetPay and ExpressCryptoCrypto. I have used both and still do and here is some valuable information I’ve gathered about them.Different wallets allow you to receive micropayments from more cryptocurrencies than others, some have lower withdrawal fees than others for certain currencies, however they might have higher withdrawal fees for a specific asset. Some offer you other ways within their platform to earn extra crypto.
ExpressCrypto
Allows you to receive payments for over 23 cryptocurrencies including the most popular ones such as Bitcoin, Ether, Dogecoin and Litecoin. Once you reach the minimum withdrawal for the coin of your choice you may withdraw your funds straight to your regular wallet usually for a small fee taken from your earnings. Withdrawals are processed within 48 hrs. Which I find pretty good. Also, they have the option of ExpressCrypto withdrawal if you really can’t wait that long, however that would translate to a higher withdrawal fee.
ExpressCrypto offers an interesting feature: Staking. When you stake your coin (freeze them) you will accrue interest on them. Their rates range from 4% to 21% depending on the coin you stake. Currently, ExpressCrypto offers staking for Cardano, Komodo, ReddCoin, Tezos and Tron. Lastly, I would like to mention a feature I really like about ExpressCrypto. They offer statistics and charts showing you how many payments you get, from what cryptocurrencies, and from who. On top of that they also randomly send you small amounts of crypto based on your activity which is a nice plus.
FaucetPay
Also a very popular one, accepts payments for 12 different cryptocurrencies including the most traded ones such as Bitcoin, Ethereum, Ethereum Classic and Doge. Although they do not have the same number of coins accepted as ExpressCrypto, they have a pretty user-friendly layout. If you are starting and want simplicity, FaucetPay would be a good option. Another nice feature FaucetPay offers is loyalty points, the more days you log in consecutively the more points you get. You can then trade those points for cryptocurrencies, however, keep in mind you will need to stay active for a couple of months to reach the minimum to be able to trade them for crypto. FaucetPay allows you to trade your coins within their platform, that way if you don’t have enough of one specific crypto, you may exchange all of your other coins for the one you really want and then withdraw. Also, doing this would probably allow you cash out faster. On the down side, FaucetPay does have a higher withdrawal fee for most of their cryptocurrencies compared to ExpressCrypto.
Here is a table I have worked on comparing only the coins they both accept. This table will show you the minimum withdrawal amount for both wallets, the withdrawal fees they charge to withdraw and a legend showing which Microwallet offers lower fees.
I think ExpressCrypto is winning big time.
Make up your mind and if you are ready to start using either one of them you may sign up for ExpressCrypto here or FaucetPay here. It would also help support my work.
PS: I will write another article about the rest of the coins being accepted by these two Microwallet giants soon. Stay tuned.
