Guide to Micro Wallets & Staking Apps
The crypto wallet technology is an internet application for managing blockchain technology transactions sending and receiving cryptocurrency by interacting with cryptocurrency’s ledger. Crypto wallets are mainly available as software applications for smartphones or as a website but also in the form of hardware as they operate similarly to an email application. In order to send and receive emails, a user needs some sort of an email application such as Gmail, Outlook). Like emails, receiving Bitcoins requires a unique personal address. This unique address is called Blockchain address, and — just like an email address — it can be used to exchange crypto currency with contacts or services who have a similar address. Here’s a Blockchain address example: 1BoatSLRHtKNngkdXEeobR76b53LETtpyT
Cryptowallets can be found either in the form of a hardware or software. Hardware or cold cryptowallets are used mainly for cold storing cryptocurrencies over long periods offline and software or hot cryptowallets can be found in the form of a mobile app or web-based application/service embedded into a wider cryptocurrency platform that might include trading or even mining.
Mainstream crypto wallets are usually in the form of a crypto exchange platform providing trading and staking solutions of relatively big amounts of cryptocurrency.
Faucet-based micro wallets are used by GPT/PTC platforms and faucet sites to store the micro amounts of cryptocurrency "mined" through their sites offering an A.P.Y. (Annual Percentage Yield) interest in exchange as the amounts involved in the transactions are too tiny and withdrawing them into mainstream wallets might involve relatively high commissions that could evaporate any profit.
Staking micro wallets are platforms that offer staking services for storing cryptocurrency in exchange again of an A.P.Y. However, they don't include any faucet or GPT sections and cryptocurrency is only deposited from other wallets or bank accounts directly. It's a relatively new trend and might involve high risk as they offer high staking commissions to attract customers that might won't be able to support in the future.
In any case, it is essential for the crypto-wallets to include the following minimum security attributes:
Cryptowallets can be found either in the form of a hardware or software. Hardware or cold cryptowallets are used mainly for cold storing cryptocurrencies over long periods offline and software or hot cryptowallets can be found in the form of a mobile app or web-based application/service embedded into a wider cryptocurrency platform that might include trading or even mining.
Mainstream crypto wallets are usually in the form of a crypto exchange platform providing trading and staking solutions of relatively big amounts of cryptocurrency.
Faucet-based micro wallets are used by GPT/PTC platforms and faucet sites to store the micro amounts of cryptocurrency "mined" through their sites offering an A.P.Y. (Annual Percentage Yield) interest in exchange as the amounts involved in the transactions are too tiny and withdrawing them into mainstream wallets might involve relatively high commissions that could evaporate any profit.
Staking micro wallets are platforms that offer staking services for storing cryptocurrency in exchange again of an A.P.Y. However, they don't include any faucet or GPT sections and cryptocurrency is only deposited from other wallets or bank accounts directly. It's a relatively new trend and might involve high risk as they offer high staking commissions to attract customers that might won't be able to support in the future.
In any case, it is essential for the crypto-wallets to include the following minimum security attributes:
- Private keys – Wallets where you control your private keys.
- Ease of use – Elegant UI for ease of use.
- Development community – Active development community.
- Backup & security – Backup and restore features.
- Compatibility – Compatible with different operating systems.
Faucet-based Crypto Wallets
Cointply is a faucet platform founded in the beginning of 2018. Since FaucetHub announced its shutdown on 10th Dec 2019, Cointply started to operate also as a standalone micro wallet for storing the claiming profits from the platform.
Unlike the mainstream faucets where the payouts are done directly in satoshi, Cointiply is rewarding users with coins with an exchange rate of 1 coin = $0.0001. Therefore the rate between 1 Coin and 1 Satoshi is proportional to Bitcoin's official USDT exchange rate. The minimum DIRECT (to your Bitcoin wallet) BITCOIN withdrawal amount is 50,000 Coins and the minimum withdrawal for DOGE is 30,000 coins. Currently, it provides an annual 5% interest to its users under the condition of maintaining a balance of 35,000 Coins or more, with the interest calculated daily and paid weekly. According to TrustPilot, Cointply has a claimed score of 4.5/Excellent with 213 reviews. FreeBitco.in MicroWalletAlthough it initially started only as a bitcoin faucet, FreeBitco.in account operates also today as a bitcoin savings wallet depositing and storing bitcoin in exchange for a compounded daily interest. There is no lock-in period which means that users start earning interest right from the first day under the condition that stored balance is kept over 30,000 satoshi (0.0003 BTC) and balance can be withdrawn any time. Daily interest is calculated at a random time daily at 0.0109589 % per day and rounded down to the nearest satoshi.
In that way, users can treat their FreeBitco.in account like an instant-access savings account in order to HODL their excess bitcoins and earn an accumulated passive annual interest of 4.08%. According to TrustPilot, FreeBitco.in has an unclaimed score of 3.0/Average with 155 reviews. |
FaucetPay is a micropayment wallet and earnings platform of cryptocurrency enabling the instant deposit of cryptocurrency micro-payments from many faucets and GPT/PTC platforms that a Mainstream wallet or crypto-exchange evaporate through transactional fees.
The platform supports Bitcoin, Ethereum, Dogecoin, Litecoin, Bitcoin Cash, DASH, DigiByte, Tron, TRC-20 USDT and the native token FEYORRA with more cryptocurrencies coming soon. The platform includes the following sections:
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Free-LiteCoin MicrowalletExactly like FreeBitco.in, free-litecoin.com operates also as a LiteCoin-based savings wallet depositing and storing Litecoin in exchange for a compounded daily interest. There is no lock-in period which means that users start earning interest right from the first day under the condition that stored balance is kept over 0.05000000 and balance can be withdrawn anfree-litecoin.com/login?referer=1063219y time. Daily interest is calculated at a random time daily at 1.0002108743% per day.
In that way, users can treat their free-litecoin.com account like an instant-access savings account in order to HODL their excess USD Tether and earn an astonishing accumulated passive annual interest of 8%. |
Free-Ethereum MicrowalletExactly like FreeBitco.in, Free-Ethereum.io operates also as an ethereum-based savings wallet depositing and storing ethereum in exchange for a compounded daily interest. There is no lock-in period which means that users start earning interest right from the first day under the condition that stored balance is kept over 0.010000000 ETH and balance can be withdrawn any time. Daily interest is calculated at a random time daily at 1.00021087% per day.
In that way, users can treat their Free-Ethereum.io account like an instant-access savings account in order to HODL their excess ethereum and earn an astonishing accumulated passive annual interest of 8%. |
Coinpot MicroWalletCoinPot was a cryptocurrency micro wallet, designed to collect/combine micro payments earned by a number of different faucets/sources - such as the partnered Moon faucets Moon Bitcoin, Moon Dash, Moon Litecoin, Moon Doge, Moon Bitcoin cash and the Bonus Bitcoin.
As of 1st February 1st 2021, the CoinPot and the Moon Faucet family have forfeit any operation. Any signs of a new "CoinPot" wallet, are only impostors and scammers trying to inherit their reputation. . |
MyContainer
MyCointainer – Evolution of Staking as a Service MyCointainer is a leading and unique Staking as a Service platform. What is different about this service is that it offers a PoS hub-like platform. Therefore, it allows users to buy cryptocurrency, exchange it to different coins, participate in pool staking or masternode staking. And all earnings are subject to compound interest at the same time. Another important quality of MyContainer is the fact that the service is a financially regulated service, so it has a legal license to provide e-wallet service and Fiat to crypto transfers. Moreover, all funds are protected by SAFU. The safety protocols ensures that funds are protected at all times by multiple layers of security so that users can safely store digital assets and stake securely. Still, you need to mind that although the interest rates of the staking service offered on the platform appear very attractive, there are hidden withdrawal commissions on top of network commissions for the transaction that balance these attractive interest rate. Also mind that the platform delist coins without adequate warning and delisted funds are ceased without any possibility of recovery or compensation. |