MiniPay is a stable currency wallet that allows users earn money by engaging in a variety of activities such as, daily login, playing games and also, holding USDT. The Opera owned wallet has grown significantly in popularity in recent times due to their weekly 2% reward which is dubbed, “MiniPay Boost” — however, the sad experience of users who have been scammed by other crypto platforms keeps lingering, discouraging many other intending users.
Reason being that, some ignorant users fear that, MiniPay is another crypto Ponzi scheme that will eventually crash in the future. In this article, we will be having a look at all there is to know about Opera MiniPay, how it works, the earning methods as well as a breakdown of how to become a MiniPay Ambassador and the benefits attached to being one. So without wasting more time, let’s dive right into the topic of the day.
What is MiniPay, & What Does It Offer?
MiniPay is a stable currency wallet created by Opera under the Celo Chain to cater for the transaction needs of people in Africa. Their goal is to make sending and receiving money seamless and almost cost free for users — so that people will be able to send money to their close friends, business associates and colleagues easily through their various phone numbers without having to pass through the stress of going to commercial banking halls or using local currency.
Also Read: Can Opay and Palmpay Crash in the Future? — Revealing Facts
Since the wallet supports tokens in the Celo Blockchain such as USDT, cUSD, USDC, it’s possible for one to make cross border transactions seamlessly without having to spend through his or her nose in the name of sending or receiving money from other countries. What makes it even more interesting is the fact that, all these financial transactions can be made through phone numbers — eliminating the hassle of having to ask for someone’s bank account details or cryptocurrency wallet address as is obtainable on conventional crypto wallets.
MiniPay has a lot to offer users. When it comes to finances, it serves as a source of income as well as an easy way of completing transactions such as, paying bills, airtime purchases etc. and also, provides users with various entertaining games that could fetch the user some extra money. In order to understand it better, below is a breakdown of all MiniPay has to offer interested users;
#1 Offer – MiniPay Boost
The Opera MiniPay boost is an incentive put in place by the team to encourage users to hold stable currencies such as USDT or cUSD on a daily basis. Users who hold at least $2 worth of USDT on the MiniPay wallet will be credited with 2% interest on a weekly basis — however, the rewards are calculated and credited to the user’s wallet on a daily basis. The limit to what each user can earn per week is $10. You can read full details on how MiniPay Boost works.
#2 Offer – Bill Payments
MiniPay is not just where you save USDT, cUSD other tokens on the Celo Blockchain, you can also make Bill payments using the wallet in your local currency. As a matter of fact, they have partnered with numerous service providers to make services like airtime purchase, data bundle purchase seamless and even rewarding. For instance, buying airtime on MiniPay through one of their verified partners, Bitgifty, gives you up to 10% cashback for every transaction done.
Therefore, besides being a wallet where you save foreign stable currency, you can also pay bills directly with your holdings in these currencies; making MiniPay a kind of all-in-one platform for saving and also, paying for bills.
You can access the bill payment section by clicking on Apps on your dashboard while logged in, select Payments & Utilities, there you will find the airtime and data purchase feature and many other bill payment options.
#3 Offer – Rewarding Games
On Minipay, you will find numerous games to play in order to win extra cash rewards. There is an option to login daily to claim some rewards, there is Hold-to-claim and many other games to play to stand a chance of winning some cash rewards.
You can access these games on the app section and participating in these games daily will make it possible for you to earn some extra money(instantly credited to your wallet) on a daily basis. To access these games, click on Apps then on Rewards, Finance, Learn, Games to find interesting activities that could fetch you some extra daily rewards.
The rewards are not tangible but for the fact that they are entirely free, makes it worthwhile. You stand a chance to earn while entertaining yourself.
#4 Offer – Sending & Receiving Money From Overseas
As a dollar wallet accessible globally, one can utilize it to send and receive money from overseas simply by using their phone numbers. You can receive money from a family member outside your country of residence and also, send money to anyone globally using the wallet.
Interesting part is, there is no hidden fee or charges to incur while sending or receiving money from outside the country. It’s purely free and seamless.
How to Get Started
The Opera MiniPay wallet is accessible on two channels presently. In the past, users could only access or create a wallet through the Opera Mini browser, but currently, they have a standalone mobile application that can be downloaded on Play store and Apple store. To make it easier and more convenient for you, simply use this dedicated referral link.
After downloading the app, proceed to create a wallet. The sign up process requires a Google Account, so you may have to select from the existing Google accounts on your device. Then, you submit a phone number that is active on WhatsApp as that is where the OTP will be delivered.
Copy the otp and submit to finalize the registration process. Being a non-custodial wallet, your keyphrase is your ticket to accessing or retrieving your funds at anytime outside the MiniPay wallet.
Fortunately, the keyphrase information are automatically backed up to the Google account used in creating the account, so you don’t have to manually save the keyphrase unless you just want to do so, for added security.
To get your keyphrase, click on About on your dashboard, then tap on secret recovery phrase as shown in the screnshsot above. Then your keyphrase will be shown to you, copy and save it somewhere secret as unauthorized access to it may lead to severe loss of funds.
How to Add Cash on MiniPay
MiniPay has partnered with so many services to make the deposit process easy and stress-free even for users who have little to no knowledge of crypto.
To add funds to your wallet, click on Add Cash, enter the amount in your local currency, then you will be shown various options by their partners such as Fonbnk, Cashramp etc. Select the conversion rate that is most favourable to you and proceed to send the money to the agent matched with you.
You can also deposit USDT on Celo directly to your Minipay wallet by clicking on Add Cash, then select Exchange or wallet, your address will be revealed, copy it and send the USDT to it or simply deposit through Valora (for experienced crypto users)
Withdrawal Steps
The withdrawal steps is straightforward and like the add cash, you have to withdraw through one of their partners. Simply click on Withdraw cash, proceed to enter amount you want to withdraw, then you will be shown the rate on their various partners.
Select the one you feel is most profitable and proceed to enter your bank account details and submit for payment. Depending on the partner selected, your payment will be credited to your local bank account in less than 10 minutes.
Unlike the add cash method, there is no way to withdraw via crypto except you import your secret recovery phrase to a third party wallet like Valora.
Is MiniPay Legit or Scam?
MiniPay is not a crypto Ponzi Scam neither is it ever going to crash. It’s a stable currency wallet built on Celo and owned by Opera — the fact that it’s backed by such a credible team is a testament to how legit it is.
Additionally, as a non-custodial wallet, the administrators have little to no influence on your funds, you have full control of your money and can always access it by importing the keyphrase to another wallet. A non-custodial wallet cannot be tampered with by the administrators and in same vein, should your phrase get into the wrong hands, the funds on it may be lost as well.
A typical ponzi scheme offers so called high/unrealistic ROI but there is no such thing on Minipay. The boost is more like an incentive to encourage users to hold stable currency on the wallet and it’s a campaign that could end at anytime. Therefore, the earning structure and arrangement of MiniPay is distinct from that of a ponzi scheme.
Unlike ponzi schemes, there is a known team behind the stable currency wallet and they are duly recognized on social media and other credible websites. So you have nothing to fear in that regard.
Are Your Funds Safe?
MiniPay is a stable currency wallet, meaning that, your cUSD or USDT is not going to devalue as time goes on since they are both stable. As long as you don’t allow anyone get a hold of your recovery phrase, you shouldn’t have any problem.
I have been using the wallet for over a year now and I’ve had absolutely no issues — honestly, my funds have never been safer!
How to Become MiniPay Ambassador
Another way to earn some side income is by becoming an ambassador — spread the good news to friends and family to win extra cash rewards on a daily basis.
From time to time, Opera opens the window for more ambassadors and at the time of writing this review, the application form has been closed. So maybe, you’d have to check back later.
The benefits of being an ambassador are;
- Cash rewards for referring users to MiniPay
- Direct access to the team behind Opera MiniPay
- Access to new information before it gets out to the public
- Participate in weekly referrals draws to earn extra cash.
Conclusion
Opera MiniPay is a dollar wallet that pays users to hold stable currencies via the Boost, Games and daily login rewards. It’s safe and easy to use, all you have to do is strictly follow all we’ve discussed in this piece and if you ever feel confused at any point, do well to drop questions in the comment section.
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