FreeBitco.in - Contest with $30,000 in GUARANTEED PRIZES now live!

[Ayers]

hi is there the possibility to change the address? maybe can be added in the future? for now the website let you register with your address, but if i want to change it i need to make another account? it doesn't sound right to me

[1534721621]

1534721621

[1534721621]

1534721621

[wetsuit]

hi is there the possibility to change the address? maybe can be added in the future? for now the website let you register with your address, but if i want to change it i need to make another account? it doesn't sound right to me

You cna change it in the PROFILE page under CHANGE BTC ADDRESS.

[MinerHQ]

this is is legit site, but is very hard win btc with faucet

You can't earn anything with faucet ^^
They're made to... barely earn your first few cents to try things. That's not interesting at all in terms of work/salary
You wont earn anything close to 10$ per day with faucets!!!

Normally from the faucet on FreeBitco.in you can earn from $0.02 to $0.10 per day, but there is a chance to win up to $200 on their free roll, so I visit the site regularly in hope to win $200 or $20.

i think that the probabilities o fthat happening is really low, have some here have won $200? i used to roll a lot but I never won that amount, now i roll few times, just ocasionally

You are really need to read some post above you, mate

Not really in eternity, and yes, someone ever won that $200. https://bitcointalk.org/index.php?topic=1650605.0 Would you spend your time from now in freebitco.in?
Claims their faucet isn't same thing when you are betting or playing their lottery.

FYI he got rolled that number only in 3 months

If one got rolled that number in three months doesn't mean that others also will get that number in three months. It all depends on your luck but I feel that one will be wasting a lot of time to claim every hour to earn that money and which is no guaranty that when that number will come. I suggest using that time to earn better in some other places.

Where is that places that you suggest to earn better than from faucet? That is true faucet can't make you rich but it just worth to try some luck here. Not on every hour you need to claim it, claim it when you have free times. Is it not really worth if you every single time click on it, but you still can try it for a few times each day

Even if you have free time, I'm not sure that you need to spend it on such cranes. In order to earn a few cents you will have to press the button all day. Why do you need to spend time on these sites?

Only newbies to bitcoins will first try all these faucet sites and people who don't know how to utilise their time to earn money better online will go to these faucet sites. But most of the people will soon or later learn better ways to earn and stop using these sites.

Today I received email saying that they are giving 25% of your referrals earned profits from their deposits interest. They are trying their best to increase number of deposits.

[flower1024]

Hi i just wanted to thank you first of all to you and your site for introducing me to something like bitcoin and helping me earn that little bitcoin. But i just saw that you introduced a yearly interest plan. I wanted to know are you actually planning to give us interest or is this one of your way to collect all investment and disappear. If not then what will you exactly do with our investment i really want to know.

If you read this thread few pages then you will get your answer. They have already clearly mentioned that whether are going to invest your money. They are going put your money in mining and it is very high risky business so you should think twice to invest money. Even though your not directly investing on mining but it is a risky business to consider.

Mining !!!. I think that is the worst business to adopt as no matter what in order to get profit you need the latest technology. And even if they are put our money in mining  then i don't get it how are sure that it will earn them a profit and how the rate of 4% fixed as mining rewards keep fluctuating. I guess this may be a trend in 2017 have a old site with reputation, start an offer and scam all the people

Mining is such an unprofitable business that companies have invested hundreds of millions of dollars into it just because they like to lose money. There is a big difference between mining on a personal scale and an industrial scale, the former is unprofitable while the latter definitely isn't.

What is the guaranty that you will surely make a profit from your business? I don't see that you got a prior experience in this field. Why people need to risk their money just for 4% of profit for an annual. How do you guaranty that you will not close the site in case of your mining business goes wrong? I'm not saying you will cheat people but need a clarifications for these questions.

[wetsuit]

Hi i just wanted to thank you first of all to you and your site for introducing me to something like bitcoin and helping me earn that little bitcoin. But i just saw that you introduced a yearly interest plan. I wanted to know are you actually planning to give us interest or is this one of your way to collect all investment and disappear. If not then what will you exactly do with our investment i really want to know.

If you read this thread few pages then you will get your answer. They have already clearly mentioned that whether are going to invest your money. They are going put your money in mining and it is very high risky business so you should think twice to invest money. Even though your not directly investing on mining but it is a risky business to consider.

Mining !!!. I think that is the worst business to adopt as no matter what in order to get profit you need the latest technology. And even if they are put our money in mining  then i don't get it how are sure that it will earn them a profit and how the rate of 4% fixed as mining rewards keep fluctuating. I guess this may be a trend in 2017 have a old site with reputation, start an offer and scam all the people

Mining is such an unprofitable business that companies have invested hundreds of millions of dollars into it just because they like to lose money. There is a big difference between mining on a personal scale and an industrial scale, the former is unprofitable while the latter definitely isn't.

What is the guaranty that you will surely make a profit from your business? I don't see that you got a prior experience in this field. Why people need to risk their money just for 4% of profit for an annual. How do you guaranty that you will not close the site in case of your mining business goes wrong? I'm not saying you will cheat people but need a clarifications for these questions.

We have a well rounded business and most of the income comes from our MULTIPLY BTC game. Only a part of the investments is invested in mining and we have access to sub-5 cent power which gives us a big advantage. Look for username wetsuit at https://slushpool.com/stats/hall-of-fame/ and you can see we have been adding more than 1.5 petahashes of miners every month. I have personally spent over $1.5 million in expanding the mining business and in no way do I need user investments to fund it, I plan to go ahead with expanding it regardless. The investment is just an option to increase user loyalty and also give newbies a chance to grow their faucet income passively.

I hate to break it to you, but there is no way to get a "safe" return of more than 4% a year.

Just a little something to prove that I don't really "need" the investments: http://www.coinig.com/?adr=12Q18uwjHJo13UCws46xKyyeuZomZwdywB&msg=Bitcoin+address+owned+by+bitcointalk+user+wetsuit&sig=G0MOX5pavwdw260GHWeOfiL14on8%2FwF6A8gcFTxyPCxbBJMzT5aN%2Fya%2BFLAhwE9y1f6HitkmqOeDaLWdYZZpCt0%3D

[Myfe]

I hate to break it to you, but there is no way to get a "safe" return of more than 4% a year.

I'll second this comment. As someone who use to work in investments and has been in the bitcoin world for a few years, I'm speaking from experience here.

In the banking world 4% is the best rate available for what Freebitco.in is now essentially treating as a savings account.

And in the Bitcoin world, usually when we see a higher rate (which would imply compensation for the risk) they end up being ponzi schemes. The lower rate does significantly more to convey the fact that this is an honest business offering. Wetsuit has explained what the deposits will be used for to grow the business and the compensation for just leaving your balances in the account is 4%.

The deal is very fair and better than what any other online wallet is offering!

[Luigi21]

The payout is very little, and it is decreasing, where will it arrive? 1 satoshi 

[Vongola]

The payout is very little, and it is decreasing, where will it arrive? 1 satoshi 

Yes if bitcoin price rises 200x more than now i.e $200000/each btc.
The reason why the payout keep decreasing is because btc price rises a lot than before, the pay out was 500-900 sat when bitcoin still $500-$600

[mountainfero]

The 4% interest isn't worth it, even Bitfinex lending provide more than this and I trust bitfinex more than freebitco.in.

[wetsuit]

The 4% interest isn't worth it, even Bitfinex lending provide more than this and I trust bitfinex more than freebitco.in.

People seem to have forgotten about the 30% haircut they had to take when Bitfinex got hacked for like 130 million.

[Caladonian]

The 4% interest isn't worth it, even Bitfinex lending provide more than this and I trust bitfinex more than freebitco.in.

People seem to have forgotten about the 30% haircut they had to take when Bitfinex got hacked for like 130 million.

just reminding those people who already forgot about this concerned, and for me its the players/members to decide if they still
continue supporting freeBitco.in its the old but still working faucets and the value of rewards if converted to penny might still
be the same, and glad to see this 4% investment platform, good luck OP.

[Myfe]

To sweeten the deal on the interest offering, Freebitco.in has decided to start paying each account holder 25% commission off the interest their referrals earn as well. You'll see this income calculated on the Refer menu in your account.

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

So...as a community you're getting benefits off the activity that your referrals are putting in!

[s1lverbox]

The 4% interest isn't worth it, even Bitfinex lending provide more than this and I trust bitfinex more than freebitco.in.

You must be really silly billy if you think bitfinex is trustworthy....

[klf]

We have a well rounded business and most of the income comes from our MULTIPLY BTC game.

If above statement is true then what your doing is a good strategy to bring more profit to your site. Because everyone knows that site got higher house edge and surely they will not deposit money to play dice game here. But you offer interest on keeping Bitcoins on your site, and these are ready to gamble any time then some people may tempt to try your dice game once awhile with this money.

[AnidMCast]

..How get a referall?

[Bitinity]

..How get a referall?

Spread your referral link as many as you can and get many people register with your link. Thats how you get referrals, it is your own job to get referrals.

[rhamzter]

..How get a referall?

You need to advertise it to other want to earn free BTC, then check the Freebitco.in site login your account on the above you see the refer you can their your referral code, send it to your friend the link.

[Clement Kaliyar]

The payout is very little, and it is decreasing, where will it arrive? 1 satoshi 

What do you expect,when the price of bitcoin raises the faucet will keep on decreasing and if everything sails smoothly it might arrive to one satoshi

The 4% interest isn't worth it, even Bitfinex lending provide more than this and I trust bitfinex more than freebitco.in.

People seem to have forgotten about the 30% haircut they had to take when Bitfinex got hacked for like 130 million.

Do you think that freebitco.in will return all the coins if their hard wallet is hacked. There are risk involved if you are trading in an unregulated market.

[wetsuit]

The payout is very little, and it is decreasing, where will it arrive? 1 satoshi 

What do you expect,when the price of bitcoin raises the faucet will keep on decreasing and if everything sails smoothly it might arrive to one satoshi

The 4% interest isn't worth it, even Bitfinex lending provide more than this and I trust bitfinex more than freebitco.in.

People seem to have forgotten about the 30% haircut they had to take when Bitfinex got hacked for like 130 million.

Do you think that freebitco.in will return all the coins if their hard wallet is hacked. There are risk involved if you are trading in an unregulated market.

Unlike Bitfinex we never keep more than 5% of the total coins in a hot wallet. The procedure we use for storing our coins is explained at https://freebitco.in/?op=home&tab=earn_btc.

How do you store bitcoins securely?

We use a combination of hot wallets, hardware wallets (Trezor) and BIP38 encrypted paper wallets to store bitcoins. At no time do we keep more than 5% of our total bitcoins in the hot wallet which is used for making payouts. The hardware wallet is used as a "warm" wallet and bitcoins are transferred from it to the hot wallet as required. Our paper wallets serve as our "cold" storage with the wallets generated on an air-gapped computer running Tails OS. Our hardware and paper wallets are also secured against physical theft as the hardware wallet requires a pin code and encryption password to access and the private keys in the paper wallet are encrypted which means that the coins in the wallet cannot be accessed without having both the private key and the encryption password. We also keep physical copies of the cold storage wallets at multiple locations.

[Clement Kaliyar]

People seem to have forgotten about the 30% haircut they had to take when Bitfinex got hacked for like 130 million.

Do you think that freebitco.in will return all the coins if their hard wallet is hacked. There are risk involved if you are trading in an unregulated market.

Unlike Bitfinex we never keep more than 5% of the total coins in a hot wallet. The procedure we use for storing our coins is explained at https://freebitco.in/?op=home&tab=earn_btc.

I am retracting my words regarding this  and that is the how things must be and most of the gambling sites keeps only a small percent in their hot wallet and i can only tell that what Bitfinex did is just ridiculous and naive as they were really incompetent to safe guard users funds over seventy two million.