Freebitco.in launched a new feature.

[olubams]

I received mail yesterday from freebitco.in, here is the mail:

"Dear FreeBitco.in user,

We are excited to announce a launch of a new feature - a bitcoin savings account!

You can now earn 4.08% annual interest (paid and compounded daily) on any balance that you hold in your FreeBitco.in account, without doing anything!

All you need to do is mantain a balance of at least 30,000 satoshi (0.0003 BTC) in your FreeBitco.in account and we shall pay you compounded interest on your full balance everyday. There is no lock-in period to earn interest (you start earning interest right from the first day!) and your balance can be withdrawn any time you wish. Treat your FreeBitco.in account like an instant-access savings account to hold your excess bitcoins and earn passive interest on your account balance everyday.

Read more about this feature at https://freebitco.in/?op=home&tab=earn_btc

If you cannot remember your password, click the LOGIN button in the home page and then the FORGOT PASSWORD? link to reset your password.

FreeBitco.in - Win free bitcoins every hour, no strings attached!"


This sounds promising! I don`t know how much can this work, this way of saving. Generally I don`t like this schemes, but freebitco.in is here more then I`m, and their site was active before (I don`t know for last 6 months), can this be something good and positive?
I don`t have any coins there, but I plan to deposit some just to see does it work.
Any thoughts?

This is a good feature to be implemented and I think the crypto world is ready for something like this. For those who might think its a ponzi, its not because what is being promised is achievable as what is being offered is 1.048* what ever I put in on an annual basis at the same time, the concern is where will the site get the interest to be paid?...

[tarpius]

Not really, wetsuit has quite a bit of BTC. He hit 2 blocks solomining recently, and has/had 100+ BTC in his personal address very recently. My guess is that the investments are being accepted to allow a larger gambling bankroll, and that Freebitco.in will be operating on a fractional reserve as it's a low chance that everyone would withdraw at the same time.

nice to hear this. Btw I think I've seen you in RF forum and PTC site.

[veleten]

an interesting feature indeed,unlike many ponzis this site has been running for too long and brings
too much of a profit to the owner to turn scam,it has a very good earning potential too
so you can see where the money are coming from
on the other hand, 4% annually is very low you could invest into dice casino bankrolls and earn much more than 4%
this one should be safer though,there is no risk for you to lose the investment body (unless you play at their dice game)

[RoommateAgreement]

I also received this same email from them yesterday. Right now, I'm still contemplating on whether to use it and set aside my unused bitcoin there. That feature is great if you have any bitcoin that's burning a hole in your wallet. 4% is still a profit/gain in my dictionary. And also, I think, credibility and trust is not an issue here because they are in the bitcoin community for quite some time now.

4% is an annual profit not monthly!
and that is too small a amount to evn think about investing in something that can run away. i am not saying the oldest faucet and possibly the biggest one is going to do that but in my experience investing bitcoin never ends well specially if the reward is this small.

[soul-impact]

4%  is not a big interest and in some countries, you can get 6 to 8% when you deposit money in bank. However, if the Bitcoin prices keep increasing about 100% every year, investing in freebitco.in will be much better. But, we can never trust online inestment since they can turn into scammers whenever they want. Just keep the money in your pocket and you will realize how awesome it can be

[squatz1]

I know most people on here wouldn't want to think that such a reputable company would go out and exit scam like this, but it just seems to perfect in order to do it.

The way I see it is if the owner does some sort of marketing blitz in order to get people to join on and put all their bitcoin on here as people are getting paid from it, then later on when they scam isn't getting enough new investors to cover the old one. Boom the site gets "hacked" or some bullshit like that.


It's the perfect scam, though I hope it'll never happen to anyone that puts their money on here.

As I really do think this is a way in the right direction to investing and saving money with bitcoin.

[btcdiggingmaster]

Freebitco.in is the best faucet till now I have seen and they are paying on time for their members. When it comes to the interest that they want to pay its members on the balance they have in freebitcoi.in is quite impressive, even the % of interest is also low 4.08% that is yearly.

But my only concern is how can they get the extra income to pay interest to the members, right now they are paying to its members from advertising revenue and for the yearly interest from where they are going get.

[terrate]

Freebitco.in is the best faucet till now I have seen and they are paying on time for their members. When it comes to the interest that they want to pay its members on the balance they have in freebitcoi.in is quite impressive, even the % of interest is also low 4.08% that is yearly.

But my only concern is how can they get the extra income to pay interest to the members, right now they are paying to its members from advertising revenue and for the yearly interest from where they are going get.

Freebitco also the most legit faucet...even claimbtc is down so many .
I will invest it just like u invest the bankroll or support bitcoin for the owner.
4% i think they can maintain over a year.

[wetsuit]

This post has proofs of our bitcoin mining operation: https://bitcointalk.org/index.php?topic=320959.msg18109501#msg18109501

We have provided a signed message from the bitcoin address that we use for mining (both in the website and the post above) and you can actually see the money coming in from the mining that we do.

[ultrloa]

This post has proofs of our bitcoin mining operation: https://bitcointalk.org/index.php?topic=320959.msg18109501#msg18109501

We have provided a signed message from the bitcoin address that we use for mining (both in the website and the post above) and you can actually see the money coming in from the mining that we do.

I didn't know freebitco.in  got a mining feauture, does your site accept mining investor?? Well in that case how could people get assurance to earn with investing with you? And how do you think your mining operation last?. There's so many questions crosses on my mind for now since i don't see some good credibility got your site on.

[wetsuit]

This post has proofs of our bitcoin mining operation: https://bitcointalk.org/index.php?topic=320959.msg18109501#msg18109501

We have provided a signed message from the bitcoin address that we use for mining (both in the website and the post above) and you can actually see the money coming in from the mining that we do.

I didn't know freebitco.in  got a mining feauture, does your site accept mining investor?? Well in that case how could people get assurance to earn with investing with you? And how do you think your mining operation last?. There's so many questions crosses on my mind for now since i don't see some good credibility got your site on.

We use part of the funds that user will deposit with us to expand our mining operation. Please read the FAQ at https://freebitco.in/?op=home&tab=earn_btc, it explains everything.

[favdesu]

if you think 4% per anno is not much... well, there's less risk than ivnesting in a bankroll for example.

[Barbut]

if you think 4% per anno is not much... well, there's less risk than ivnesting in a bankroll for example.

I think this is not investing in bankroll, this is just like a saving with interest. I don`t know what this mean "paid and compounded daily"?
Looks like we all agree that site is trusted, and it`s ok to try it with some amount, but I wonder how big holders see this opportunity? Is this site trusted enough to deposit 10 or more bitcoins for example?
I wanted to deposit 10-20 mbtc, but with 4 % annual interest on that amount is really low.

[favdesu]

if you think 4% per anno is not much... well, there's less risk than ivnesting in a bankroll for example.

I think this is not investing in bankroll, this is just like a saving with interest.

it is investing in a bankroll for 1/3... does anyone of you ever read the terms of this, or is this just signature post farming?

[Ucy]

Sorry to ask this:  how trustworthy is the site? How sure are you they won't dissappear with all your bitcoin after a while. I have been using their Faucet to claim some Satochi, never had any problem withdrawing however I doubt I can trust anyone with large amount of my bitcoin. I'd still rather leave the coin in my wallet to appreciate in value once a while

Goodluck to them

[Frosxh]

not sure why a faucet site will offer interest on users balance? what is the benefit of the site owner in this feature? is freebitco.in turned to HYIP now? i wonder if someone in the right mind would put their money there

[wetsuit]

not sure why a faucet site will offer interest on users balance? what is the benefit of the site owner in this feature? is freebitco.in turned to HYIP now? i wonder if someone in the right mind would put their money there

Please read the actual page that you are commenting about before signature spamming.

[Bibite]

Yeah, I aslo got this email from them this week. I was surprised to see them jumping on something about investment after many years. I didn't read fully their email. But i found it strange from them to offer investment to people. Even with a low interest rate of 4%. 2 times more than a saving account in my country still 

[BitSat]

Sorry to ask this:  how trustworthy is the site? How sure are you they won't dissappear with all your bitcoin after a while. I have been using their Faucet to claim some Satochi, never had any problem withdrawing however I doubt I can trust anyone with large amount of my bitcoin. I'd still rather leave the coin in my wallet to appreciate in value once a while

Goodluck to them

There is no guarantee about any thing here but still this is one of legit faucet here on this forum best thing they are not forcing any one to invest just enjoy your stuff and not withdraw your savings because minimum amount is very less just 30000 Satoshies better use this amount for more profit if you have any doubt

[klf]

not sure why a faucet site will offer interest on users balance? what is the benefit of the site owner in this feature? is freebitco.in turned to HYIP now? i wonder if someone in the right mind would put their money there

Please read the actual page that you are commenting about before signature spamming.

This thread is opened by another person, so whoever didn't see your actual thread wondering why you're offering that interest amount. You should have provided your thread URL in that post instead just commenting.

Some info can get from this thread. https://bitcointalk.org/index.php?topic=320959.2100

My opinion is 4% per annum is quite less for bitcoins and it is quite risky because they are doing mining business and we all know that it is a risky business.