FaucetPay is primarily a micro wallet that also has some ways for you to earn, which makes it pretty unique. It’s definitely a legit site and you’ll actually get paid for doing simple tasks. However, it’s best suited for folks who are already using other sites that require FaucetPay to cash out earnings. You can earn a bit through FaucetPay’s own options, but it’s not a one-size-fits-all solution.
You might have stumbled upon FaucetPay if you’re on the hunt for free cryptocurrency. And you may be wondering if it’s worth your time or not?
In today’s review, I’ve done the legwork for you, comparing it to a bunch of other platforms where you can earn some extra cash. As always, I’m 100% honest, only recommending what I feel is worth your time.
What is FaucetPay?
FaucetPay is a platform where you can earn digital money, also known as cryptocurrency, by doing various tasks and participating in special offers. The platform has a list of different ways to earn this digital cash, and you can choose which ones are the best for you based on community feedback. Not only can you make money, but you can also play games and even invest your earnings to make more over time.
Now, let’s talk about what “faucets” are.
In the crypto world, a faucet is like a tap that gives out free cryptocurrency. There are two kinds: testnet faucets and rewards faucets. Testnet faucets are mainly for developers who need a safe space to test out their new projects without risking real money. These faucets give out “test” tokens, which are basically practice money. On the other hand, rewards faucets give out real cryptocurrency to people for doing tasks like signing up for accounts or engaging with different platforms.
So, what sets FaucetPay apart?
This platform gives you a ton of ways to earn real cryptocurrency. They have games, challenges, and various tasks that will pay you in digital money. Also, if you bring in your friends, you can get bonuses. FaucetPay even lets businesses advertise on their platform, and if you’re tech-savvy, you can create your own faucet using their tools.
How does it all work?
Well, when you earn cryptocurrency on FaucetPay, it goes into a special digital wallet on the platform. Keep in mind, you don’t have the private keys for this wallet; it’s managed by FaucetPay. This is the place where all your earnings from different activities on the site will be stored. So, if you’re interested in making some digital money, FaucetPay offers a variety of ways to do it.
How to Make Money on FaucetPay
The moment you join FaucetPay, you’ll find that paid surveys are your first ticket to earning. But keep in mind that these initial surveys are from third parties. Other ways to earn on the platform have to be unlocked first.
To find these surveys, log into FaucetPay, click on “Earn,” then “surveys.” From there, you can choose a survey, fill out a profile, and if a survey is available for you, complete it to earn rewards. These rewards are given in USDP, a type of digital currency you can later use for other things.
When you first sign in each day on FaucetPay, you get a Reward Point. Keep logging in daily, and these points will stack up, going all the way up to 100 Reward Points at most. But watch out—if you miss even one day, your count drops back to 1. So, it’s crucial to keep that login streak going to pile up those rewards.
Just so you get how valuable this is, each Reward Point equals 1 Satoshi, the tiniest slice of a Bitcoin. You could potentially rack up 100 Satoshis every single day, which I think is a neat extra.
Then there’s the option of offerwalls, but there’s a catch.
To access these, you need to have a certain number of faucet payments per month, usually between 5 to 8. A faucet payment? Well, that’s a little payout you get in Satoshis, usually from another website or app that you’ve signed up for. Link that faucet to your FaucetPay account, and you’ll be good to go.
Offerwalls are like digital bulletin boards featuring various tasks you can do to earn more. These tasks vary from taking surveys and quizzes to playing games or watching videos. Choose an offer that catches your eye, read the instructions carefully, and get to work. Messing up even one step means you won’t get your reward, so pay attention. These offerwalls can be found on so many sites, each with varying payouts. In my eyes, FaucetPay didn’t have the highest payouts. You’re much better off choosing an option such as Swagbucks if you’re interested in this type of thing.
When I was testing it out, FaucetPay had only about seven offerwalls, which is less than what other similar platforms offer. That’s one downside—eventually, you’ll run out of offers to complete. But still, there are other ways to earn on the site if you’re interested in sticking around.
Paid to Click
Another way to make money is simply by clicking on ads and then staying on the ad for a certain amount of time.
For example, in that screenshot, you could make 0.000616 USD if you clicked on that ad and stayed there for about 90 seconds. The money is awful, so don’t expect much. You may have to watch 100 ads before you earn a penny. Yes, you read that right.
Another way to grow your earnings on FaucetPay is through FEY staking.
If you’re new to this, staking is a way to earn more cryptocurrency by setting aside a certain amount for a fixed period. In this case, you’ll be dealing with FEY tokens and the lock-in period is usually around 70~ days.
You can trade any cryptocurrency you have for these FEY tokens right on FaucetPay, which is convenient. After that, you pick the type of staking you’re interested in. I recommend choosing a staking pool that’s nearly full, so you don’t have to wait long to start earning. It’s somewhat like putting money in a bank and earning interest over time.
Remember, once you’ve staked your FEY tokens, you can’t touch them for about 70 days. Make sure you know the ins and outs of crypto staking, as there’s a risk you could lose money.
Multiply BTC Section
If you’re feeling lucky, you could check out FaucetPay’s Multiply BTC section. It’s a place where you can gamble your earnings on various games like Dice, Roulette, Limbo, Crashes, and Plinko. These games are simple to play, and the rules are straightforward. You place your bet and play, hoping to win and multiply your earnings. But remember, the higher your bet, the higher the risk. If you lose, you lose your bet. This isn’t a safe bet for everyone and should only be tried if you’re okay with the gamble.
Refer a Friend
Lastly, FaucetPay has a referral program where you earn by getting other people to join the platform. Share your invite link, and once they sign up and become active members—meaning they also start earning on the site—you get a commission.
The commission rate has dropped to just 0.15%, which is honestly pretty low compared to what I’ve seen on other platforms. It might be a way to get a little extra income, but given the low commission rate, I don’t think it’s worth putting a lot of effort into it.
How Much Can I Earn?
Let’s talk numbers. How much can you actually make on FaucetPay?
Well, that depends on how active you are and the site’s pay rate, which isn’t all that impressive, to be honest.
For instance, completing surveys might earn you between 10 to 100 USDP, which converts to just about $0.025 to $0.30~ in cash terms. And, unfortunately, not every survey you take will pay out, as you still have to meet certain qualifications.
The site’s other paid offers often pay even less. Compared to other platforms where you can earn online, such as Swagbucks, FaucetPay doesn’t offer many lucrative opportunities, making its earning potential pretty low in my opinion.
If you were to use the site, I wouldn’t expect all that much, maybe a few bucks a day if that.
If you’re considering joining FaucetPay, you’ll need a cryptocurrency wallet. That’s because the platform only deals in digital currency, not in regular cash.
The rewards you earn on the site get converted into Bitcoin by default. However, you have the flexibility to swap those Bitcoin for other types of cryptocurrency using FaucetPay’s own trading platform.
When it’s time to cash out, you’ll encounter some fees, and those fees vary depending on the type of withdrawal you make and which cryptocurrency you’re withdrawing. You’ve got two choices for cashing out: a normal withdrawal that takes about 4 hours or a quicker priority withdrawal that’s processed in under 5 minutes.
To get your money, you’ll need to share your cryptocurrency wallet address with FaucetPay. Overall, their payment system is fairly straightforward, but you should know your way around crypto transactions to avoid confusion.
Anyone, regardless of where they live, can sign up for FaucetPay. The only catch is you have to be at least 18 years old.
Registration is straightforward—just fill out a form, and you’ll get an email to confirm your account.
Once you log in for the first time, you’ll need to enter a two-factor authentication code that they send to your email. You can choose to keep this extra layer of security or disable it through your account settings.
- User-Friendly: Many users highlight that the platform is smooth and easy to use, especially for learning about cryptocurrency transactions.
- Responsive Support: Multiple reviews praise the customer support for quick response times and helpful solutions to issues.
- Low-Cost Transfers: FaucetPay is commended for being a good wallet for small, low-cost transfers.
- Quick Withdrawals: Users have noted fast withdrawal times, which adds to the overall positive experience.
- Trustworthy: Multiple long-term users vouch for the platform’s reliability, stating they’ve been using it for years without significant issues.
- Fair Fees: A few users state that the transaction and withdrawal fees are reasonable.
- Issues with Deposits: At least one user reported that a deposit didn’t show up in their FaucetPay balance, creating trust issues.
- Games Not Fair: One user claimed that the games on the platform are unfair and cautioned against playing them.
- Potential for Scam: A user warned that large deposits of Bitcoin should be avoided as they felt defrauded.
- Lost Assets: Another user mentioned missing assets in their FaucetPay account, casting doubts on its security.
- Conditional Access: One review states that certain conditions need to be met to access some features, which is different from other platforms and might be inconvenient for some.
In wrapping up, FaucetPay has some positives like easy crypto trading and a daily login bonus, but these perks are outweighed by several drawbacks.
The platform offers limited earning methods, low rewards, and is crypto-only—no cash options. Additionally, its referral program is subpar, and the user interface leaves much to be desired.
Compared to other earning platforms, FaucetPay falls short and would primarily serve you if you’re already using certain faucets that require its use. For a better use of your time and broader earning potential, you might want to explore top-rated survey sites such as Superpay.me, for instance. There are many more options that blow this one out of the water.
That’s going to wrap it up.
Got any experiences or questions about FaucetPay? Feel free to share in the comments below.
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