My compressor came with an inbuilt moisture trap, but found I would still sometimes get the dreaded water spitting and splattering while spraying depending on the ambient air temp or prolonged spraying sessions. This moisture trap solved all my troubles right away, even allowing me to spray in the middle of winter during very cold temperatures.
The build quality is a little cheap and plastic, and the rubber O ring inside sometimes needs pushing back into position to prevent from falling out after detaching from the airbrush, but overall an inexpensive, but highly effective water trap that I simply cant do without now.