I just want to first say, I've been following this thread for awhile and the community have been doing a great job sniffing out their LIES about their inflated numbers. I've created this account to share my experience. I'm going to expose everything about them and why you shouldn't trust them. I was a week 1 investor when they first launched their casino, I stopped investing after I found out they manipulate their dividend pool. They would unfreeze and freeze their tokens to stabilize their dividends. They had a fixed number APR and ROI, just how they have now to lure/manipulate newbies that don't know how to calculate these numbers for their investment. The APR/ROI was over inflated and never changed(just like now as well). Many investors warned them if they kept unfreezing their tokens, they'll eventually run out of money to support the casino and will have to freeze their tokens which will hurt investors. They had at least 70-80% of their tokens unfrozen to stabilize dividends. Many investors asked if they will freeze their tokens and the answer was always no for almost 2 months. After MANY promises to investors they had no plans to freeze their tokens, on CHRISTMAS DAY, WITHOUT any warning, they froze 80% their tokens! This burnt many investors who invested thousands of dollars. Here are some user proof      When they first launched Betfury 2.0, the dividend page already showed a 450% APR and like a 60 Day ROI, how did they get this number before ANY PROFIT? It's a lie, they just make up numbers to look like an attractive investment. They used to have a 1.5% house edge, they changed it to 2%. They mentioned they changed the edge so they have more money to fill up the dividend and jackpot pool. This means they don't care about their gamblers, they don't want gamblers to win. All they care about is mining to feed their own pockets. You don't earn BFG tokens if you play live casino either, they don't want people playing since blackjack and live casino games can kill their dividend pool. Their user count is over inflated as you guys already know. They been saying they'll list their tokens for almost a year now and still nothing. Everything is a lie. ⚠️ 2% house edge ⚠️ Terrible slot providers ⚠️ Unlicensed casino fsgambler, We just got the dividends for having around 1600 BFG BTC tokens. As explained in the post above it should be around $0.14/day  What is wrong with that?! Everything seems normal. The games seem to be honest provably fair. What is your problem with this site? We see nothing wrong with it and we usually show criticism towards other gambling sites where it's necessary as we are among the ones promoting them, but honestly what seems to be wrong with this one? It's a nice product. |
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By the way what could I do with the bfg tokens? the more I have it the more dividends I could get? Maybe I could buy some of it than earning it by betting is it listed on exchange already?
The more you have the more you would get - look at the Staking page:  If you would have 100,000 BFG BTC tokens you would get around $9/day in Bitcoin. (we have at the moment close to 1600 tokens so we are supposed to be receiving $0.14/day in Bitcoin from this) - it's estimated. ⚠️ 2% house edge
⚠️ Terrible slot providers
⚠️ Unlicensed casino
Are you suggesting this is a scam?  |
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We tried BetFury and overall it's a good site, they process withdrawals quite instantly (or with a very small fee in Bitcoin if you choose the slow option which is not bad). We have sent referrals and overall the site is quite rewarding, but here is a major problem which is some transparency in regards to the boxes. I will explain it briefly. If you want to buy one of the boxes you need to get to Rank 2, so you need to wager 0.1 BTC in total (over $1,130 as of today), I spent around $20 in "fees" in order to get there playing the dice with the lowest odds and also using Crash playing the 1.01 odds on some large amounts which pose quite a huge risk to lose your entire balance, but thankfully it worked well. So the greyd-out button to buy the box became available:  I deposited an amount planning to buy 7 out of the 7 available boxes (i.e. invest in this site and believing it has a good potential) but this is what happens after buying 3 boxes when you try to buy the 4th box using the "Buy Box" button:  So basically you have to wager another $400 in order to be allowed to buy more boxes, and even if the 3 boxes expire and pay their dividends - you would still have to wager $400 (0.035 BTC) in order to buy these boxes again. So by all means - this is not a great investment unless you believe you can spot these 1.01 Crash odds that won't fail you (i.e. won't hit 1x) - otherwise you have the house edge against you. Still - don't get us wrong, it's a good website and it looks quite promising, the faucet (25 SAT every 20 minutes) as well as the other perks in the site make it quite attractive, and it's still worth the shot.... BUT We felt the need to share the experience in regards to these boxes - they are unfortunately not a straightforward investment as it seems. |
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Wow... incredible how the Coinfaucet.io moderators just ignored me... i´m feeling loved right now. No doubt about it
Hello Morfas, Thanks for bumping this topic and apologies for not realizing you posted 7 months ago with your feedback, we should have received an email whenever someone is posting in this thread but for some reason this did not arrive, so apologies for that. Your feedback is important, and to relate to several of your points: 1) We are working on a new lottery/sweepstakes section, it has taken longer than expected because we were creating new sites recently (e.g. FreeChain.link and FreeNeo.io), and we felt the need to focus on new sites and rather than have a lottery section. This is our decision and we stand behind it. We are not expecting everyone to like it or not and we are not obligated to bring this thing tomorrow neither - the sites work fine the way they are now with or without a lottery section. Moreover, our new focus at the moment is to translate our sites to more users who don't speak English properly - again, this is what we prefer to do. For us the lottery section has less priority than these goals - as business owners it's done within our sole discretion. 2) Please refer to our article about FreeDoge.co.in - this website was shut down over a year ago - our article does discuss the reasons for it in great length: https://coinfaucet.io/articles/what-happened-to-free-dogeFreeDoge.co.in provided everything you asked for in your post from February 2020 and it didn't work out - we are learning from their mistakes and this should be well enough to answer most of your points in that February post. (which again we do apologize for the delay) 3) Instant payouts are built in the site, many members get their withdrawals paid instantly - this is just a screenshot from today, and there were many more withdrawals made today besides what you see in this screenshot:  0 faults, all these withdrawals were processed smoothly. If a member is trying to cheat - you can be sure we have systems in place to protect ourselves as well as our thousands of good users to ensure things will keep on being stable. Once again - you should refer yourself to clause #2 above and read it several times, it should answer all your questions. 4) You mentioned in your post in February the value of the roll is too low - since then we have doubled that value of the low prize, so it is now paying 2x times more than what it used to be - so this point is also addressed by now. 5) You mentioned popups in your February's post - just to iterate - as a rule of thumb - we have NO popups whatsoever in our sites, we tried these in the past and we are 100% against this. It disturbs the user experience and we tried to ensure the amount of ads is reasonable and we haven't had complaints about this for quite a while simply because things are very much normal now. 6) Lastly, your very first point in your post which is extremely subjective "i feel bad to discover that you prefer to insult and say bye bye to users" - this is wrong, as a business our goal is to grow and have as many users as possible - but if cheaters or scammers or owners of competitor sites come to our thread specifically (e.g. you only have 2 posts and they were only made in our thread which already makes things suspicious considering you joined in Feb 2020 but let's give you the benefit of the doubt) - we would reply appropriately and accordingly in the way we should reply, and there would be no discounts. If any user never got paid from our site despite contacting us about it - by all means raise a scam accusation against our site - we would be happy to address such a claim but at the moment our site has been live for almost 3 years now - and we got 0 complaints of this kind. Any other attempt to twist things - once again - refer to clause #2 above. Thank you and once again apologies for the late response as explained above. |
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Since the OP hasnt posted in here after has opend this thread it looks in some way that its only done for advert there Pages !
Just when i look at the Thread title it looks that way , maybe the op can change it in " Why my threads get and got Deleted "
Just my 2 Cents
What exactly would you like us to say? |
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Disagree on a philosophical level and you won't find many fans of that opinion here BUT for the general retail user, or even institutional level users, who don't actually use Bitcoin but hold, perhaps own wallet (paper even) is even better than hardware
Exactly, well said. I agree with you, storing your crypto in exchange is better than using cold wallet, because and the end of it there will be massive profit in the exchange than cold wallet.
I can identify some exchange here like Kraken, Coinbase, and paybis are well trusted exchange you can trade and earn more profit without fear of hacker.
Not everybody know how to protect their wallet very well, but everybody know how to store bitcoins on exchange that will profit them. Business is all about risk, storing your coins is a risk but after the risk there's a huge profit and the end of it.
Not only you're right, Binance now has lowered its interest rate % offered on USDT, it shows they are trying to keep things stable, that's what solid banks do as well - reduce the rate on savings, increase it on lending - it's not a very scrupulous step but it's necessary in order to keep things stable so kudos to them. Once again it's important to state not all exchanges are safe but those who take precautions like Binance are much more solid than the others. |
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We've posted an official thread about Free-Tron.com and it keeps on getting deleted.
Why is someone deleting it?
Is it not allowed to announce a new service in this forum?
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You might want to also include a screenshot in regard to the part I highlighted.
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Storing in large exchanges and implementing AML / KYC and many other layers of security are better than trying to keep them in devices like Ledger, Trezor, or on a computer. They are at risk when we lose the device or get a virus.
I usually keep my money on exchanges for many years. Most of them are reputable exchanges and large exchanges because they have better security systems and can return the money I had stolen if that happened.
Well said & Seconded. +1 Merited. |
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That's a fair point, but you have to remember that in 2014 things were a bit different: - The price of Bitcoin was $400 mostly during 2014, a price that no one can even dream about now in 2020
- There was no regulation and Bitcoin was fairly something new that wasn't adopted by many
- The key feature we referred to is regulation
Yes, technically Binance or Crypto.com can always shut down their doors, claim there was a hack and run away with a lot of funds to some forsaken island... but Crypto in 2020 is not the same Crypto in 2014. Nowadays there are lots of regulations in place, Crypto is not as anonymous as it used to be, and it would be quite easy to trail where the money is going in case it would be stolen by the exchange itself. Small exchanges might do that, they have small volumes so they can always screw their investors (Bittrex for example) but with ever increasing regulation it's hard to see Binance facing the same faith Mt. Gox faced in 2014... It's like in 2008 Washington Mutual in the US disappeared ... it was bailed out by Chase but if you google search the word "WAMU" you would find a radio station ... back in 2008 things were different than they are today.... It doesn't mean things can't go wrong, but imagine Google's CEOs running away with the company's funds and leaving Google to shatter to pieces - if this is unlikable then probably the same can be said about Binance. Most businesses want to stay and continue trading for a long term, as they earn fees from so many trades - security is definitely an issue but what we know now in 2020 is not the same things we knew back then in 2014 .... Bitcoin in 2014 was not the same as it is now ... You could also try to compare it to MySpace ... Facebook managed to succeed, MySpace didn't ... likewise Mt. Gox - it's a shame that so many lost their funds back then in 2014, and it's a shame MySpace couldn't become a successful business like Facebook - but you can only see things now ... go back 5-6 years and you wouldn't be able to see and learn what we already know by now. Again if anything is to be concerned of with big exchanges - is mainly regulation. Regulation is definitely a reason to be concerned over a security breach. |
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Now tell me If you kept $1 Million on Binance in a bid to get 8% APY and tomorrow you woke up and their website is no more. Where are you going to reclaim the money from?
If you believe Google is going to collapse tomorrow then by all means sell their stock, short it and become a millionaire. You can say the same about the BNB currency or on Binance.com - yes, they could shut down tomorrow, but just like Google is probably going to exist tomorrow - then Binance.com is likely to be here tomorrow. Even if Google's CEO dies god forbid - the same can be said about Binance - they already have fences and proper ways of continuing the business for years and years (Microsoft's ex CEO, Bill Gates, is no longer producing Windows but instead dealing with Coronavirus vaccines, whether people like it or not is irrelevant but Microsoft itself continues to develop other products without Mr. Gates in it). Regarding Ledger.com - if they collapse and you lost your keys or for some reason cannot find them - and they are non-existent then you're in a big trouble. All in all - yes, the control of your private keys is important, but trust supersedes those fears - please take a look in CoinMarketCap: https://coinmarketcap.com/exchanges/binance/Binance had a volume of $1,628,472,595 USD in the past 24 hours - of Bitcoin alone without taking Altcoins into account ... ! Oh, and this is a prediction that failed to fulfill itself ... well, that guy has 2 weeks to prove his prediction to be accurate: https://www.ccn.com/binance-will-be-shut-down-in-12-calvin-ayre/The banks are the main ones who need to be worried, not the investors. |
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What happen to 'not your keys, not your coins' principle? What if the exchange gets hack? unless it is SAFU then you have some refund, but I would say that around 10% or less are SAFU protected. I know that you have to practice good security hygiene and that's one of the drawback that I'm seeing if you store your coins in your own wallet and have the private keys. I have nothing against those exchanges that is paying interest or people wanted to take advantage of this services. But there is also that risk.
Indeed, that risk exists but in our opinion the 8% APY outweighs the risk. The world is marching towards regulation and not towards hacks, if anything exchanges would be at risk of being regulated for paying interest rates without having the users declaring the profits in their own jurisdictions - these could be potentially more relevant issues to deal with in the near future, because Crypto to some degree is replacing the current banking system that has failed to provide high yields like in the 1990s and the banks cannot be reliable when they work only Monday thru Friday excluding bank holidays whilst Crypto works 24 hours a day, 365 days a week ... the benefits are next to none and it's only a matter of time before Binance.com for instance would replace HSBC. That trend is now unstoppable. |
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We were using 1ink.cc as short links in our faucet sites. In July we had a small withdrawal of 0.00032 BTC processed as shown below:  We've raised the minimum from 20,000 Satoshi to 100,000 Satoshi so they won't have to send us small payments - on the 7th of September we saw this:  Basically all it says is "Shift Payment" - no payment was received and no payment was made. We tried contacting them but there is no response for over a week now. Their sister site 1ink.cc which is built on the same script had 50,000 Satoshi which we tried to withdraw and it said "Withdraw successful" but as you can see the FaucetPanel.com account was not credited. These might be small amounts but if you are relying on these sites - stay away! We are going to remove their short links from our sites, they are completely unreliable and cannot be trusted. |
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