The best micro wallets for collecting cryptocurrency

Traditional payment and banking systems set limits on minimum transfer amounts. This is due to the high costs of such operations. To solve the problem, micro wallets for cryptocurrency were created, where the lower limit is at the level of one satoshi. They became necessary when the BTC rate began to grow and super-small amounts became unprofitable to send because of the increase in commissions.

What is a micro wallet for collecting cryptocurrency

These are online services. Their task is to accumulate koins from bitcoin cranes (a system of rewarding users) to an amount that can be transferred to the main wallet.

Features

Micro wallet is a multi-currency application that does not require commissions for cryptocurrency transfers. This allows you to quickly transfer small earnings without the risk of encountering fraud. The user relies on the honesty of the administration of the service, so it is not recommended to store a lot of cryptocurrency on such wallets.

Principle of operation

The participant registers on the site of the service and receives rewards for performing a number of simple tasks. They usually consist of maintaining user activity by clicking the Claim or Roll button at time intervals. However, the tasks may involve viewing advertising messages, visiting affiliate sites or completing a simple online game.

Remuneration rarely exceeds $0.01 per mission, so it is not possible to talk about big earnings. Some users make several accounts to increase profitability, but the rules prohibit this and the administration blocks accounts with confiscation of funds.

1

ByBit

5020 $
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9.8

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ByBit provides convenient and safe conditions for cryptocurrency trading, offers low commissions, high level of liquidity and modern tools for market analysis. It supports spot and leveraged trading, and helps beginners and professional traders with an intuitive interface and tutorials.

2

Binance

Earn a 100 $ bonus

for new users!

9.5

VISIT Read Review

The largest crypto exchange where you can quickly and safely start your journey in the world of cryptocurrencies. The platform offers hundreds of popular assets, low commissions and advanced tools for trading and investing. Easy registration, high speed of transactions and reliable protection of funds make Binance a great choice for traders of any level!

Example of work

Gaining popularity bitcoin crane Konstantinova offers to receive cryptocurrency for being on the site and viewing advertising banners. Payouts instantly arrive to the micro wallet of the FaucetPay service, which the user must register independently. Rewards can come in 8 different digital currencies, depending on the participant’s preferences. To get BTC accrual, you need to click the Claim button every 30 minutes (up to 10 times a day).

The best micro wallets for collecting cryptocurrency in 2024

To optimize the accumulation of digital coins and protect yourself from fraud, you should carefully consider several parameters when choosing services. More details – in the table.

ExpressCrypto

Cryptocurrency micro wallet with support for dozens of different faucets with automatic payments. The list of all services with rewards can be found inside the wallet in the List of Sites section. They are distributed in the table by the type of cryptocurrency collected, the number of fees per day and user rating.

ExpressCrypto has an internal virtual currency – EX-Silver and Ex-Gold at the rate of $0.22 and $22 respectively.

You can get rewards for tasks in Offerwalls or the gambling game built into the wallet. The bitcoin withdrawal fee is 0.00005 BTC.

The main features of ExpressCrypto:

• Support for several dozens of coins.
• The platform’s internal exchanger.
• ECP loyalty program with bonuses for increasing the rating.
• Low commissions for withdrawing coins.

MicroWallet

The service has been operating since 2019 and has already become in demand for receiving rewards from various faucets. Despite the lack of Russian language support, the interface is intuitive even for beginners. In the section of the personal cabinet Earn – Offerwalls, the user is offered paid tasks:

• Pass registration on the sites.
• Download the mobile application.
• Fill out a survey or questionnaire.
• Like a post on social networks.

After completing tasks, tokens are automatically credited to a micro wallet to collect cryptocurrencies. A list of all the faucets can be found in the Faucets List section. Here, participants can filter services by the type of cryptocurrency collected and tasks performed.

FaucetPay

A platform for accumulating coins with automatic accrual of rewards to the wallet balance. The number of digital assets available for collection is constantly increasing. At the moment it consists of the most popular ones – Bitcoin, Litecoin, Dogecoin, Tron and Dash. The functionality of the earning service in addition to standard crypto-cranes includes a Multiply BTC gambling game, in which you can double the amount received.

If the user collects coins from all types of cranes, it is necessary to be sure to bind the main addresses to which the accumulated amount from the micro wallet will be withdrawn.

How to start working with a micro wallet

Web services try to develop a clear and convenient interface for users. It is best to choose sites with a long history and good reviews. Let’s consider the whole process of work on the example of FaucetPay.

Registration

First you need to get an account on the site with the help of several actions:

1. Click the Sign Up button.

   

   The main page of the site
2. Fill in the account data.

   

   Account creation form
3. Confirm registration.

Account setup

Before participating in tasks, the user needs to link the FaucetPay micro wallet with the address of the main storage. In the personal cabinet on the site in the Linked Addresses section it is necessary to fill in the Address field, choose the type of cryptocurrency and click the Link button. After that, coins will be sent to the main address.

Deposit and Withdrawal

You can deposit funds through the menu in your personal cabinet – Deposit, selecting the desired coin and copying the details. All payments are made only in cryptocurrency.

Advantages of micro wallets

Systems for transferring small amounts in cryptocurrency have become in demand. This happened against the background of the growth of the rate of coins and the rise in the cost of transaction fees. Traditional payment systems do not support such transfers due to their unprofitability. Micro wallets gained the greatest popularity in the field of cryptocranes, where the rewards for a task rarely exceed $0.01. Users were able to collect small amounts on such services and send earnings to their main bitcoin address.

Services set commissions on withdrawals. They differ depending on the type of digital asset.

Withdrawals

The world of micropayments gives you the opportunity to try the digital currency market without initial investment. Various sites offer rewards for increased activity on their resources. Choosing a good service, users can perform tasks and receive some crypto-coins for this. Having accumulated a sufficient amount, it is appropriate to try trading on the exchange on deposit from the accumulated funds. This is one of the best ways to learn how to trade or invest coins without the risk of losing your own money with a micro wallet to collect cryptocurrencies in 2024. A bitcoin faucet is a good start for newcomers to the world of digital currencies.

Frequently Asked Questions

❔ What type of vaults do such services belong to?

When private keys are stored on the side of the site – these are hot wallets.

❗ Why are they called bitcoin faucets?

Rewards for tasks in monetary terms are very small, so they are compared to drops of water.

✅ Are such sites safe?

When registering, the participant does not give personal information or private keys to the main address. Even in the case of hacking, no user data will not get to hackers. The maximum that attackers will see is an e-mail address.

❓ Can I use it as a regular wallet?

There are no restrictions.

🤔 What withdrawal fees does the service set?

Depends on the type of digital coins for which the application is made. Usually this information can be found in the Fees section, indicating the minimum possible amount for withdrawal.

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Author: Saifedean Ammous, an expert in cryptocurrency economics.