Given my recent failure to actually open an account on FaucetPay (due to, of all things, the recaptcha not working - nothing to do with KYC) I decided to take a bit more of a look at it. It doesn't help resolve my issues nor does it provide an answer as for what to do with my crypto-dust, but it does leave me (and by that I mean you too) more informed about it.

So shall we get started?

From what I have been able to find out it seems that FaucetPay is good for what it was built for, that being to collect up all of that crypto-dust that I mentioned above:-

• micropayments - tiny payouts from faucets, PTC ads, surveys, and microtask platforms. It acts as an intermediary so you don’t lose everything to network fees.
• managing small amounts of many coins in one place, especially if being sourced from multiple sites.
• instant internal transfers with very low fees, which makes it ideal when dealing with small balances.
• Internal transactions are instant and external withdrawals use fixed, low fees — ideal for tiny balances.

However, as with everything in life nothing is ever perfect (Remember DYOR!) and the downside of FaucetPay (in addition to not being able to complete the recaptcha!) is that with it being a custodial wallet, the user doesn't have control of the private keys and it falls way short of being a replacement for a proper crypto wallet or exchange and it is simply not designed for trading, investing, or long‑term storage. It’s a temporary holding area for micro‑earnings - hence it does exactly what it says on the tin. Furthermore, and probably of greatest concern, its TrustPilot rating is low with many complaints related weak security and accounts being accessed by attackers - although with it dealing with micropayments you wonder if it is really worth a malicious entity's time and effort.

Further than that there is not much to say other than that it is beginner‑friendly, custodial, and removes the need to manage private keys. Many guides describe it as a safe “practice space” for newcomers and to boot it has a few other extra goodies to help you along the way including an internal swap facility, referral programme and API tools for faucet owners

So to conclude it is a good temporary holding place for micro amounts and the fact that it is one of the most widely used and convenient micro‑wallets for faucet users, beginners, and people experimenting with crypto without investing money bears tesimony to this, but at the same time it falls way short of being a secure, long‑term, or investment‑grade wallet. Security is weaker than hardware or non‑custodial wallets, and it has had incidents in the past.

So while I still haven't resolved what to do with my dust it does seem that maybe FaucetPay is not the right answer - although the idea of internal swaps does appeal to me.

As always, stay safe and well my friends.