It is in fact a wallet, so the users can possibly lose all their deposits...the tiny amount of coins from the faucet is nothing compared to the wallet deposits. And it is an online wallet which is another red flag...
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The wallet Feature is not designed or meant for you to deposit your coins and hold. The purpose of the wallet feature is for the convenience of having the automatic daily deposits going directly in to your wallets, instead of having to have a separate outside wallet for each one of the Faucet Coins.