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Author Topic: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest  (Read 451228 times)
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March 13, 2018, 12:24:02 PM
 #5421

about the investment, like any other place there is always a risk so you have to come up with a risk/reward ratio that you are most comfortable with and do that. you obviously can never fully trust anyone but based on the long history of this site and the fact that they are actually mining I think it can be trusted a little at least!
I had up to 1BTC invested there at some point which I withdrew with only 40 satoshi fee Cheesy I still have some more and had different amounts there for profit for a long time now.

I BTC investment on the online wallet is a big risk at least for me and I never put such a high amount of risk just for 4% profit per annum but it still depends on the individual. Yes, the site is paying people for a quite long time but that doesn't give any guaranty for the future so I don't take such risks.

that is true. and I didn't really intend to invest that much bitcoin there, it is just that I invested some bitcoin then I had some funds (my signature payments) that I wanted to consolidate and also I sold something and received the payment in the address there and long story short I had 1+ bitcoin there which I withdrew in less than a week.
I usually keep between 0.05 to 0.1BTC there but it sometimes grows bigger, then I make a withdrawal.

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March 13, 2018, 01:24:31 PM
 #5422

[snip]
Yes, I got the same response when I tried it. I was doing some testing for a strategy I wanted to implement, but the high transaction fees will cancel all the gain that I would have received from this. The strategy require frequent deposits and withdrawals from the site. < You get interest on your balance, without the risk of storing large amounts of coins for long periods on the site. >

We tell people not to store large amounts of coins on exchanges, but we should trust a faucet that we know very little about?  ^not^ 

the withdrawal fees from the site is currently 40 satoshi for Slow withdrawals which will happen in less than 6 hours in my experience and the instant withdrawals which will be in next block only costs 598 satoshi. what is the high transaction fees you are talking about?

about the investment, like any other place there is always a risk so you have to come up with a risk/reward ratio that you are most comfortable with and do that. you obviously can never fully trust anyone but based on the long history of this site and the fact that they are actually mining I think it can be trusted a little at least!
I had up to 1BTC invested there at some point which I withdrew with only 40 satoshi fee Cheesy I still have some more and had different amounts there for profit for a long time now.

What is the risk to have when you placing any amount on freebitco.in site? I believe it is not the same as pther investment which there is always up and down trend depends on gambler. They give us only interests which is I can say this is like a bank system. So if we store certain amount it gives the exactly 4.08% interest so i would think that to put 1 btc there. They give us pretty good amount in a month without doing anything
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March 13, 2018, 02:59:39 PM
 #5423

[snip]
Yes, I got the same response when I tried it. I was doing some testing for a strategy I wanted to implement, but the high transaction fees will cancel all the gain that I would have received from this. The strategy require frequent deposits and withdrawals from the site. < You get interest on your balance, without the risk of storing large amounts of coins for long periods on the site. >

We tell people not to store large amounts of coins on exchanges, but we should trust a faucet that we know very little about?  ^not^ 

the withdrawal fees from the site is currently 40 satoshi for Slow withdrawals which will happen in less than 6 hours in my experience and the instant withdrawals which will be in next block only costs 598 satoshi. what is the high transaction fees you are talking about?

about the investment, like any other place there is always a risk so you have to come up with a risk/reward ratio that you are most comfortable with and do that. you obviously can never fully trust anyone but based on the long history of this site and the fact that they are actually mining I think it can be trusted a little at least!
I had up to 1BTC invested there at some point which I withdrew with only 40 satoshi fee Cheesy I still have some more and had different amounts there for profit for a long time now.

What is the risk to have when you placing any amount on freebitco.in site? I believe it is not the same as pther investment which there is always up and down trend depends on gambler. They give us only interests which is I can say this is like a bank system. So if we store certain amount it gives the exactly 4.08% interest so i would think that to put 1 btc there. They give us pretty good amount in a month without doing anything

Have you ever heard someone saying/suggesting "dont store your btc too much on online wallet/exchange"? The risk is obviously something related to hacking, phishing, where once it is happened then you will not get your btc back. I think you have heard about great site getting hacked and the btc and all assets were stolen, haven't you?
You need to wait for a year to get exact 4.08% interest and anything may happen during the year. A great site with great security system can be hacked, so it wont be hard for the hacker to hack freebitcoin once they know that there are huge amount of btc invested.

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March 13, 2018, 04:32:32 PM
 #5424

Seeing your post I immediately tried to withdraw to my bech32 address. Since I have more than 55k sats on the site I can do it any time manually, and also right now the fee for "slow" (6-24 Hours) withdrawal  is only 0.00000080 BTC compared to 0.00003000 BTC for auto.  But unfortunately the operation failed. I got this message: "Invalid withdrawal address". So, I think bech32 segwit addresses are not supported yet.

That's not what I meant. Have a look at the withdrawals on the stats page and they all come from address 329koRvovTyNnd4ADrpR2uJHzXxfvKxta5

Then if you look at the transactions you can see the input scripts are Segwit.

https://btc.com/b989ed96b870b5b8ef0bcc509a33792786a67abc6d2832fa4cffad71e669fff5

Updating the software to accept Bech32 addresses is different. I was just pointing out that they seem to have at least started the process of switching over.


Yes, I understand and I didn't mean to complain that they are still not supporting bech32 addresses. I mean how many gambling sites, exchanges or faucets support withdrawals to bech32 addresses? Almost none actually. So, if they were suppoting it they would be among the pioneers.

And of course kudos for FreeBitco.in that they have already started the process.

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March 13, 2018, 04:38:31 PM
 #5425

Yes, I understand and I didn't mean to complain that they are still not supporting bech32 addresses. I mean how many gambling sites, exchanges or faucets support withdrawals to bech32 addresses? Almost none actually. So, if they were suppoting it they would be among the pioneers.

And of course kudos for FreeBitco.in that they have already started the process.

The only one I have found so far is Crypto-Games.net, I'd love to hear if anyone else knows of any more.


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March 13, 2018, 07:09:12 PM
 #5426

[snip]
Yes, I got the same response when I tried it. I was doing some testing for a strategy I wanted to implement, but the high transaction fees will cancel all the gain that I would have received from this. The strategy require frequent deposits and withdrawals from the site. < You get interest on your balance, without the risk of storing large amounts of coins for long periods on the site. >

We tell people not to store large amounts of coins on exchanges, but we should trust a faucet that we know very little about?  ^not^ 

the withdrawal fees from the site is currently 40 satoshi for Slow withdrawals which will happen in less than 6 hours in my experience and the instant withdrawals which will be in next block only costs 598 satoshi. what is the high transaction fees you are talking about?

about the investment, like any other place there is always a risk so you have to come up with a risk/reward ratio that you are most comfortable with and do that. you obviously can never fully trust anyone but based on the long history of this site and the fact that they are actually mining I think it can be trusted a little at least!
I had up to 1BTC invested there at some point which I withdrew with only 40 satoshi fee Cheesy I still have some more and had different amounts there for profit for a long time now.

What is the risk to have when you placing any amount on freebitco.in site? I believe it is not the same as pther investment which there is always up and down trend depends on gambler. They give us only interests which is I can say this is like a bank system. So if we store certain amount it gives the exactly 4.08% interest so i would think that to put 1 btc there. They give us pretty good amount in a month without doing anything

Have you ever heard someone saying/suggesting "dont store your btc too much on online wallet/exchange"? The risk is obviously something related to hacking, phishing, where once it is happened then you will not get your btc back. I think you have heard about great site getting hacked and the btc and all assets were stolen, haven't you?
You need to wait for a year to get exact 4.08% interest and anything may happen during the year. A great site with great security system can be hacked, so it wont be hard for the hacker to hack freebitcoin once they know that there are huge amount of btc invested.

Yes, i know that for sure but i believe the investors would invest on this kind of site, usually the one that want to store their coin is some gambler too, so I would say, why dont the gambler gambling and earning together while they can still do that? And before that, I know you will complain about the house edge and it does not mean we can't win through huge house edge but we can't just play for so long. If we set some limit then it might possible we will get profit here
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March 13, 2018, 07:36:45 PM
 #5427

[snip]
Yes, I got the same response when I tried it. I was doing some testing for a strategy I wanted to implement, but the high transaction fees will cancel all the gain that I would have received from this. The strategy require frequent deposits and withdrawals from the site. < You get interest on your balance, without the risk of storing large amounts of coins for long periods on the site. >

We tell people not to store large amounts of coins on exchanges, but we should trust a faucet that we know very little about?  ^not^ 

the withdrawal fees from the site is currently 40 satoshi for Slow withdrawals which will happen in less than 6 hours in my experience and the instant withdrawals which will be in next block only costs 598 satoshi. what is the high transaction fees you are talking about?

about the investment, like any other place there is always a risk so you have to come up with a risk/reward ratio that you are most comfortable with and do that. you obviously can never fully trust anyone but based on the long history of this site and the fact that they are actually mining I think it can be trusted a little at least!
I had up to 1BTC invested there at some point which I withdrew with only 40 satoshi fee Cheesy I still have some more and had different amounts there for profit for a long time now.

What is the risk to have when you placing any amount on freebitco.in site? I believe it is not the same as pther investment which there is always up and down trend depends on gambler. They give us only interests which is I can say this is like a bank system. So if we store certain amount it gives the exactly 4.08% interest so i would think that to put 1 btc there. They give us pretty good amount in a month without doing anything

Have you ever heard someone saying/suggesting "dont store your btc too much on online wallet/exchange"? The risk is obviously something related to hacking, phishing, where once it is happened then you will not get your btc back. I think you have heard about great site getting hacked and the btc and all assets were stolen, haven't you?
You need to wait for a year to get exact 4.08% interest and anything may happen during the year. A great site with great security system can be hacked, so it wont be hard for the hacker to hack freebitcoin once they know that there are huge amount of btc invested.
All sites are prone to hacking even no matter how good their security is there would really be days on where it would be vulnerable to attacks which would result on losing money.Everything on internet is really prone to get hacked this is why we should really be keen on where we do place our investment and somehow you must ready on potential things to happen along the way.1 year time do really have many things to happen and cant be sure on whats ahead.

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March 13, 2018, 07:58:45 PM
 #5428

How the interest rates with falling bitcoin prices? in end, the amount gained might be in fractions.
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March 13, 2018, 08:06:09 PM
Last edit: March 14, 2018, 08:29:48 PM by Warfare
 #5429

How the interest rates with falling bitcoin prices? in end, the amount gained might be in fractions.

Still 4.08% annually.
The only thing that fluctuates with the price of Bitcoin is the free roll earnings.

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March 13, 2018, 10:52:26 PM
 #5430

All sites are prone to hacking even no matter how good their security is there would really be days on where it would be vulnerable to attacks which would result on losing money.Everything on internet is really prone to get hacked this is why we should really be keen on where we do place our investment and somehow you must ready on potential things to happen along the way.1 year time do really have many things to happen and cant be sure on whats ahead.

most sites handling mass people money tend to use cold storage wallet to keep significant amount securely
that's why freebitco.in stores most of the fund in cold and warm wallets, and only small portion in hot wallet
in this case they keep only 5% in hot wallet to accomodate daily payout requests
below is partial info about how they store their bitcoins

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. ... ---snip---

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March 14, 2018, 02:08:48 AM
 #5431

[snip]
Yes, I got the same response when I tried it. I was doing some testing for a strategy I wanted to implement, but the high transaction fees will cancel all the gain that I would have received from this. The strategy require frequent deposits and withdrawals from the site. < You get interest on your balance, without the risk of storing large amounts of coins for long periods on the site. >

We tell people not to store large amounts of coins on exchanges, but we should trust a faucet that we know very little about?  ^not^ 

the withdrawal fees from the site is currently 40 satoshi for Slow withdrawals which will happen in less than 6 hours in my experience and the instant withdrawals which will be in next block only costs 598 satoshi. what is the high transaction fees you are talking about?

about the investment, like any other place there is always a risk so you have to come up with a risk/reward ratio that you are most comfortable with and do that. you obviously can never fully trust anyone but based on the long history of this site and the fact that they are actually mining I think it can be trusted a little at least!
I had up to 1BTC invested there at some point which I withdrew with only 40 satoshi fee Cheesy I still have some more and had different amounts there for profit for a long time now.

What is the risk to have when you placing any amount on freebitco.in site? I believe it is not the same as pther investment which there is always up and down trend depends on gambler. They give us only interests which is I can say this is like a bank system. So if we store certain amount it gives the exactly 4.08% interest so i would think that to put 1 btc there. They give us pretty good amount in a month without doing anything

First time seeing someone to compare online wallets with banks. These sites can close anytime without any notice so I suggest people never store huge amounts in any of the online wallets. Yes, currently they are very trusted and paying everyone for a very long time but this will not give any assurance for the future. 4% in the crypto world is not that high so I don't take a risk to store my coins in any of the online wallets.
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March 14, 2018, 02:04:06 PM
 #5432

[snip]
Yes, I got the same response when I tried it. I was doing some testing for a strategy I wanted to implement, but the high transaction fees will cancel all the gain that I would have received from this. The strategy require frequent deposits and withdrawals from the site. < You get interest on your balance, without the risk of storing large amounts of coins for long periods on the site. >

We tell people not to store large amounts of coins on exchanges, but we should trust a faucet that we know very little about?  ^not^ 

the withdrawal fees from the site is currently 40 satoshi for Slow withdrawals which will happen in less than 6 hours in my experience and the instant withdrawals which will be in next block only costs 598 satoshi. what is the high transaction fees you are talking about?

about the investment, like any other place there is always a risk so you have to come up with a risk/reward ratio that you are most comfortable with and do that. you obviously can never fully trust anyone but based on the long history of this site and the fact that they are actually mining I think it can be trusted a little at least!
I had up to 1BTC invested there at some point which I withdrew with only 40 satoshi fee Cheesy I still have some more and had different amounts there for profit for a long time now.

What is the risk to have when you placing any amount on freebitco.in site? I believe it is not the same as pther investment which there is always up and down trend depends on gambler. They give us only interests which is I can say this is like a bank system. So if we store certain amount it gives the exactly 4.08% interest so i would think that to put 1 btc there. They give us pretty good amount in a month without doing anything

well the profit that this site gives is guaranteed, which is why despite it being very low, I like it and I prefer this investment compared to other types of investing in gambling sites. in other places there is also a chance that you lose money but here you will receive the profit daily no matter what.
regarding risks, they are the same as any other place. your account may be hacked (use strong password, enable 2FA,... to reduce the risk). the site itself may get hacked, the site owners can run away, they may sell the site to someone else that they mess things up (this has happened before in some services).

so far I trust freebitco.in enough to invest some amount with them but I wouldn't advise anyone to invest 1BTC really, it is very risky. try to not get greedy and invest what you can afford to lose.

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March 14, 2018, 02:33:41 PM
 #5433


this is most lgit site and the very first one I joined when I started in crypto currency world.
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March 14, 2018, 03:51:44 PM
 #5434

[snip]
Yes, I got the same response when I tried it. I was doing some testing for a strategy I wanted to implement, but the high transaction fees will cancel all the gain that I would have received from this. The strategy require frequent deposits and withdrawals from the site. < You get interest on your balance, without the risk of storing large amounts of coins for long periods on the site. >

We tell people not to store large amounts of coins on exchanges, but we should trust a faucet that we know very little about?  ^not^ 

the withdrawal fees from the site is currently 40 satoshi for Slow withdrawals which will happen in less than 6 hours in my experience and the instant withdrawals which will be in next block only costs 598 satoshi. what is the high transaction fees you are talking about?

about the investment, like any other place there is always a risk so you have to come up with a risk/reward ratio that you are most comfortable with and do that. you obviously can never fully trust anyone but based on the long history of this site and the fact that they are actually mining I think it can be trusted a little at least!
I had up to 1BTC invested there at some point which I withdrew with only 40 satoshi fee Cheesy I still have some more and had different amounts there for profit for a long time now.

What is the risk to have when you placing any amount on freebitco.in site? I believe it is not the same as pther investment which there is always up and down trend depends on gambler. They give us only interests which is I can say this is like a bank system. So if we store certain amount it gives the exactly 4.08% interest so i would think that to put 1 btc there. They give us pretty good amount in a month without doing anything

First time seeing someone to compare online wallets with banks. These sites can close anytime without any notice so I suggest people never store huge amounts in any of the online wallets. Yes, currently they are very trusted and paying everyone for a very long time but this will not give any assurance for the future. 4% in the crypto world is not that high so I don't take a risk to store my coins in any of the online wallets.

Yes, because this is almost the same as bank system. And you guys thought that bank can't be hacked? People just do no want to, if bank untraceable then they might do it for their own good I believe. I think this is the only site that give us some annual interest which is 4% and this is quite good thing. Freebitco.in sure is old site but still if someone prefer to store it then they already know the risk to put some amount there
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March 14, 2018, 05:37:47 PM
 #5435

[snip]
Yes, I got the same response when I tried it. I was doing some testing for a strategy I wanted to implement, but the high transaction fees will cancel all the gain that I would have received from this. The strategy require frequent deposits and withdrawals from the site. < You get interest on your balance, without the risk of storing large amounts of coins for long periods on the site. >

We tell people not to store large amounts of coins on exchanges, but we should trust a faucet that we know very little about?  ^not^ 

the withdrawal fees from the site is currently 40 satoshi for Slow withdrawals which will happen in less than 6 hours in my experience and the instant withdrawals which will be in next block only costs 598 satoshi. what is the high transaction fees you are talking about?

about the investment, like any other place there is always a risk so you have to come up with a risk/reward ratio that you are most comfortable with and do that. you obviously can never fully trust anyone but based on the long history of this site and the fact that they are actually mining I think it can be trusted a little at least!
I had up to 1BTC invested there at some point which I withdrew with only 40 satoshi fee Cheesy I still have some more and had different amounts there for profit for a long time now.

What is the risk to have when you placing any amount on freebitco.in site? I believe it is not the same as pther investment which there is always up and down trend depends on gambler. They give us only interests which is I can say this is like a bank system. So if we store certain amount it gives the exactly 4.08% interest so i would think that to put 1 btc there. They give us pretty good amount in a month without doing anything

First time seeing someone to compare online wallets with banks. These sites can close anytime without any notice so I suggest people never store huge amounts in any of the online wallets. Yes, currently they are very trusted and paying everyone for a very long time but this will not give any assurance for the future. 4% in the crypto world is not that high so I don't take a risk to store my coins in any of the online wallets.

Yes, because this is almost the same as bank system. And you guys thought that bank can't be hacked? People just do no want to, if bank untraceable then they might do it for their own good I believe. I think this is the only site that give us some annual interest which is 4% and this is quite good thing. Freebitco.in sure is old site but still if someone prefer to store it then they already know the risk to put some amount there

Banks can be hacked for sure, but in case that happens you are covered. If my bank account (Belgium bank) got hacked for example for 50k$, than my bank is obliged to pay that money back to me. In case freebitco.in got hacked, I don't know if we will see our money back...

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March 15, 2018, 01:55:26 AM
 #5436

[snip]
Yes, I got the same response when I tried it. I was doing some testing for a strategy I wanted to implement, but the high transaction fees will cancel all the gain that I would have received from this. The strategy require frequent deposits and withdrawals from the site. < You get interest on your balance, without the risk of storing large amounts of coins for long periods on the site. >

We tell people not to store large amounts of coins on exchanges, but we should trust a faucet that we know very little about?  ^not^ 

the withdrawal fees from the site is currently 40 satoshi for Slow withdrawals which will happen in less than 6 hours in my experience and the instant withdrawals which will be in next block only costs 598 satoshi. what is the high transaction fees you are talking about?

about the investment, like any other place there is always a risk so you have to come up with a risk/reward ratio that you are most comfortable with and do that. you obviously can never fully trust anyone but based on the long history of this site and the fact that they are actually mining I think it can be trusted a little at least!
I had up to 1BTC invested there at some point which I withdrew with only 40 satoshi fee Cheesy I still have some more and had different amounts there for profit for a long time now.

What is the risk to have when you placing any amount on freebitco.in site? I believe it is not the same as pther investment which there is always up and down trend depends on gambler. They give us only interests which is I can say this is like a bank system. So if we store certain amount it gives the exactly 4.08% interest so i would think that to put 1 btc there. They give us pretty good amount in a month without doing anything

First time seeing someone to compare online wallets with banks. These sites can close anytime without any notice so I suggest people never store huge amounts in any of the online wallets. Yes, currently they are very trusted and paying everyone for a very long time but this will not give any assurance for the future. 4% in the crypto world is not that high so I don't take a risk to store my coins in any of the online wallets.

Yes, because this is almost the same as bank system. And you guys thought that bank can't be hacked? People just do no want to, if bank untraceable then they might do it for their own good I believe. I think this is the only site that give us some annual interest which is 4% and this is quite good thing. Freebitco.in sure is old site but still if someone prefer to store it then they already know the risk to put some amount there

Banks can be hacked for sure, but in case that happens you are covered. If my bank account (Belgium bank) got hacked for example for 50k$, than my bank is obliged to pay that money back to me. In case freebitco.in got hacked, I don't know if we will see our money back...

OP looks more excited about the 4% profit instead of worrying about his deposit money and he is even ready to compare this online wallet with the bank. Some people we can't educate them so just leave them until they learn lessons hard way to realize their mistakes.

Remember never store your longterm bitcoins in any of the online wallets for your safty.
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March 15, 2018, 06:09:34 AM
 #5437

Yes, I got the same response when I tried it. I was doing some testing for a strategy I wanted to implement, but the high transaction fees will cancel all the gain that I would have received from this. The strategy require frequent deposits and withdrawals from the site. < You get interest on your balance, without the risk of storing large amounts of coins for long periods on the site. >

We tell people not to store large amounts of coins on exchanges, but we should trust a faucet that we know very little about?  ^not^ 

They need to do 2 things to enable withdrawal to Bech32 addresses. First, upgrade their hot wallet to something capable of sending to Bech23 addresses and second recode the front end to be able to accept and verify Bech32 addresses (it need to be able to detect a typo in the address entered).

The interest paid is by way of compensation for taking the risk you talk about. They need long term deposits to form the bankroll. You can't run a gambling site without one. The reason that interest is paid at a random time each day is to stop people gaming the system and only depositing for short periods. I would imagine if you come up with a successful strategy to defeat that you will force them to change the rules.


The strategy is not meant to game the system and to get extra interest. I just want to reduce the risk of storing large amounts of money, for long periods on a site with proprietary code and unidentified owners.

Example : Take 15 bitcoins and deposit it for a day or two. Get the interest and withdraw it. The interest earned will cover the interest you might have received for weeks, from the deposit of a smaller amount.

Hope you see my plan. ^smile^

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TheQuin
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March 15, 2018, 06:41:49 AM
 #5438

The strategy is not meant to game the system and to get extra interest. I just want to reduce the risk of storing large amounts of money, for long periods on a site with proprietary code and unidentified owners.

Example : Take 15 bitcoins and deposit it for a day or two. Get the interest and withdraw it. The interest earned will cover the interest you might have received for weeks, from the deposit of a smaller amount.

Hope you see my plan. ^smile^

I see what you are getting at. Risk a large sum for a short period Vs. risk a small sum for a long period to gain the same return. The problem is that you cannot predict what tx fees will be in a few days time whereas with a longer term investment you can wait it out until the next time fees fall.

freebitcoin.TO WIN A  LAMBORGHINI!..

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chris200x9
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March 15, 2018, 07:35:16 AM
 #5439

The strategy is not meant to game the system and to get extra interest. I just want to reduce the risk of storing large amounts of money, for long periods on a site with proprietary code and unidentified owners.

Example : Take 15 bitcoins and deposit it for a day or two. Get the interest and withdraw it. The interest earned will cover the interest you might have received for weeks, from the deposit of a smaller amount.

Hope you see my plan. ^smile^

I see what you are getting at. Risk a large sum for a short period Vs. risk a small sum for a long period to gain the same return. The problem is that you cannot predict what tx fees will be in a few days time whereas with a longer term investment you can wait it out until the next time fees fall.


He is talking about just one or two days. I don't think so transaction fee will change within two days so much at the current market condition. Just to save some transaction fee if you wait for long-term and by then due to some issues or due to hack site itself closes then you lose all your deposited money.
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March 15, 2018, 10:41:04 AM
 #5440

Hi Friends !

Yesterday LUCKY NUMBER 0 - 9885 paid 0.00000023 BTC.
Today only 0.00000012 BTC.    Huh
Very funny waste of time from now.
Regards !
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