Does Faucet give real bitcoins every few hours?

[PytagoraZ]

I know this faucet longer than this forum, the name of the faucet is freebitxxx. It's best if we don't need to mention it clearly because that's not the issue I'm going to ask about.

So in a few hours the faucet will give us a very small amount of free bitcoins. The question is, is it real bitcoin? or is it just fake bitcoins and when we have met the minimum withdrawal limit, they just send real bitcoins to our withdrawal wallet address?

I think it's fake bitcoin, because on the faucet we only get 0.0000006 while the transaction fees are more expensive than that. So the small amount given by the faucet is fake bitcoin?

[OmegaStarScream]

Yes, that's correct. They can't send you "real bitcoin" whenever you click the "claim" button because the fees for that would be higher than the amount they're sending, and you'd also need to deal with confirmation times. It's pointless with a custodial service anyway.

This is no different than the approach exchanges and casinos use. It's just a number in their database that keeps changing, and once you make a withdrawal request, that's when they send you the funds.

[PytagoraZ]

Yes, that's correct. They can't send you "real bitcoin" whenever you click the "claim" button because the fees for that would be higher than the amount they're sending, and you'd also need to deal with confirmation times. It's pointless with a custodial service anyway.

This is no different than the approach exchanges and casinos use. It's just a number in their database that keeps changing, and once you make a withdrawal request, that's when they send you the funds.

That sounds bad, so we also don't know how much bitcoin they have? including casinos and centralized exchanges also the same? the numbers written on our account are just fake bitcoins? can they use the bitcoins we send them for their needs? As long as there are no major withdrawals on the exchange, no one will know that our bitcoins there have been used. Could that be true?

[_act_]

So in a few hours the faucet will give us a very small amount of free bitcoins. The question is, is it real bitcoin? or is it just fake bitcoins and when we have met the minimum withdrawal limit, they just send real bitcoins to our withdrawal wallet address?

I think it's fake bitcoin, because on the faucet we only get 0.0000006 while the transaction fees are more expensive than that. So the small amount given by the faucet is fake bitcoin?

It is not fake, but it is just a waste of time.

If faucet give you 6 satoshi every hour, that is 0.00000144 BTC in a day, which is $0.0504 in a day if bitcoin is $35000. Can you see that yourself that it is an absolute waste of time. You will have to wait long before you can be able to reach the minimum withdrawal. But some people are patient, have no work, but able to have several accounts with different IPs for just to turn the small amount of bitcoin to something big. As for me, I see it as a waste of time and energy.

[Husires]

Faucets are places where advertisers pay the faucet to display ads, and you are paid to watch those ads. It is similar to creating content on the Internet, and if you are not talented, you will need to watch thousands of ads in order to earn a few dollars.
Faucets reduce the withdrawal limits to arouse the user's greed, as we all like to withdraw money more than having it as a balance in the faucet and the withdrawal fees for them may be low (less than normal transaction fees) because they are batching the transactions but they cannot generate a lot of money and may not be worth $10 per month. It's a waste of time and some of these scam faucets make you watch ads without paying you.

[Don Pedro Dinero]

I think it's fake bitcoin, because on the faucet we only get 0.0000006 while the transaction fees are more expensive than that. So the small amount given by the faucet is fake bitcoin?

I think I know which faucet you mean and it's the most popular of them all, I think. But regardless of whether it is or not, the thing about faucets, as in many casinos, is that the numbers you see on the screen are a bookkeeping entry. If they're doing it right, they should have separate bookkeeping for their deposits and their profits. They have real bitcoin, but unless you reach the minimum to be able to withdraw, you will not have real bitcoin, what you will see on the screen is the accounting entry. In the case of the most famous faucet, it's a bit like playing the lottery but for free. If you hit the jackpot it's $200, which you can withdraw and you'll have the equivalent in real bitcoin, but I agree with what was said before, in general it's a waste of time.

[Zaguru12]

That sounds bad, so we also don't know how much bitcoin they have? including casinos and centralized exchanges also the same? the numbers written on our account are just fake bitcoins? can they use the bitcoins we send them for their needs? As long as there are no major withdrawals on the exchange, no one will know that our bitcoins there have been used. Could that be true?

Many exchanges them selves have said that they actually store the coins you store on them on self custodian wallets this indicates clearly that it is merely numbers that you are working with and just few bitcoins are on the platform.

Yes they can use it for there needs, think of them as traditional banks, it is your money stored there that use to give out loans or use to go into certain businesses because they feel not all of you will need that money at the same time. That’s why when am exchange crashes and refunds is ask for they start delaying and making excuses like the money will be paid in batches, simply because they don’t have all of it with them.

You should read on this current FTX saga and you will appreciate more the coming of bitcoin, as with it you can be your own bank

[CarnagexD]

It is not fake, but it is just a waste of time.

If faucet give you 6 satoshi every hour, that is 0.00000144 BTC in a day, which is $0.0504 in a day if bitcoin is $35000. Can you see that yourself that it is an absolute waste of time. You will have to wait long before you can be able to reach the minimum withdrawal. But some people are patient, have no work, but able to have several accounts with different IPs for just to turn the small amount of bitcoin to something big. As for me, I see it as a waste of time and energy.

I guess, there's just a lot of people that have a lot of time on their hands that they don't mind wasting it on waiting on a drop on this faucets. It's just a matter of perspective, some people might be making a lot of money from faucets more than we can imagine so they're still continuing to do this kind of stuff I guess to each of their own. The only thing that I can think of with this people who take faucets seriously is probably the people that knows how to maximize getting the free bitcoins.

[PytagoraZ]

So in a few hours the faucet will give us a very small amount of free bitcoins. The question is, is it real bitcoin? or is it just fake bitcoins and when we have met the minimum withdrawal limit, they just send real bitcoins to our withdrawal wallet address?

I think it's fake bitcoin, because on the faucet we only get 0.0000006 while the transaction fees are more expensive than that. So the small amount given by the faucet is fake bitcoin?

It is not fake, but it is just a waste of time.

If faucet give you 6 satoshi every hour, that is 0.00000144 BTC in a day, which is $0.0504 in a day if bitcoin is $35000. Can you see that yourself that it is an absolute waste of time. You will have to wait long before you can be able to reach the minimum withdrawal. But some people are patient, have no work, but able to have several accounts with different IPs for just to turn the small amount of bitcoin to something big. As for me, I see it as a waste of time and energy.

Yes, you are right, but it was a great experience for me because from the faucet I got to know bitcoin. After I didn't get anything on the faucet, I started following airdop on telegram, and again it was crap because I didn't get anything. Until finally I found out about this forum. Maybe that's my path to this forum. Btw, I found out about Bitcoin during the Covid pandemic and I was WFH so I had enough time to do it all. But when I think about it now, it seems like it was a waste of time  

That sounds bad, so we also don't know how much bitcoin they have? including casinos and centralized exchanges also the same? the numbers written on our account are just fake bitcoins? can they use the bitcoins we send them for their needs? As long as there are no major withdrawals on the exchange, no one will know that our bitcoins there have been used. Could that be true?

Many exchanges them selves have said that they actually store the coins you store on them on self custodian wallets this indicates clearly that it is merely numbers that you are working with and just few bitcoins are on the platform.

Yes they can use it for there needs, think of them as traditional banks, it is your money stored there that use to give out loans or use to go into certain businesses because they feel not all of you will need that money at the same time. That’s why when am exchange crashes and refunds is ask for they start delaying and making excuses like the money will be paid in batches, simply because they don’t have all of it with them.

You should read on this current FTX saga and you will appreciate more the coming of bitcoin, as with it you can be your own bank

Ah... Yes, I just thought that if the exchange did something like that, it would be the same as what conventional banks do. As you said, I also know a little about conventional banking which uses customer savings to lend to other customers. When there is a large withdrawal of money, the bank will definitely go bankrupt and will not be able to disburse all of the customer's money because the bank doesn't have it.

That sounds bad, so we also don't know how much bitcoin they have? including casinos and centralized exchanges also the same? the numbers written on our account are just fake bitcoins? can they use the bitcoins we send them for their needs? As long as there are no major withdrawals on the exchange, no one will know that our bitcoins there have been used. Could that be true?

Well, now after the whole FTX thing, many exchanges have shared their hot/cold wallets addresses, so people can see how much money the exchange has. Now, is there a proper way to know whether that amount in those addresses equals exactly the amount of user's holdings? No, not for most exchanges anyway.

So what happens to the FTX exchange that experiences problems like this? I heard that FTX was a big exchange that went bankrupt but I don't know the root of the problem because at the time it happened I wasn't on this forum yet. I was interested in reading the FTX case.

[OmegaStarScream]

That sounds bad, so we also don't know how much bitcoin they have? including casinos and centralized exchanges also the same? the numbers written on our account are just fake bitcoins? can they use the bitcoins we send them for their needs? As long as there are no major withdrawals on the exchange, no one will know that our bitcoins there have been used. Could that be true?

Well, now after the whole FTX thing, many exchanges have shared their hot/cold wallets addresses, so people can see how much money the exchange has. Now, is there a proper way to know whether that amount in those addresses equals exactly the amount of user's holdings? No, not for most exchanges anyway.

As for your second question, then the funds never really sit at the address you send funds to. If you were to try and send BTC to your Binance's address for example, and then recheck that address in a blockexplorer a few minutes or hours later, you will see that the funds were moved (maybe to the exchange's hot wallet, or to another user who requested a withdrawal) and then, if you make a withdrawal request, your funds will come from somewhere else.

[lombok]

It's all genuine, why do I call it genuine, because I have already withdrawn the Bitcoins I got from the freebitxxx fauchet. I have known and played this fauchet since 2015, and I have made 4 withdrawals there. Now I'm still playing it, and so far I haven't made a withdrawal because the results from the current fauchet are very small. It was different in 2015.

Apart from Bitcoin faucet, there were also faucet for Bitcoin and Dogecoin.

Currently it may take a long time to claim Bitcoin from fauchet because we have to collect a lot of Bitcoin first to cover fee transaction

[Smack That Ace]

So in a few hours the faucet will give us a very small amount of free bitcoins. The question is, is it real bitcoin? or is it just fake bitcoins and when we have met the minimum withdrawal limit, they just send real bitcoins to our withdrawal wallet address?

I think it's fake bitcoin, because on the faucet we only get 0.0000006 while the transaction fees are more expensive than that. So the small amount given by the faucet is fake bitcoin?

It is not fake, but it is just a waste of time.

If faucet give you 6 satoshi every hour, that is 0.00000144 BTC in a day, which is $0.0504 in a day if bitcoin is $35000. Can you see that yourself that it is an absolute waste of time. You will have to wait long before you can be able to reach the minimum withdrawal. But some people are patient, have no work, but able to have several accounts with different IPs for just to turn the small amount of bitcoin to something big. As for me, I see it as a waste of time and energy.

I understand what OP means like this, hourly faucet will give us 6 satoshi and what he means is 6 satoshi is fake, but if we keep accumulating until the minimum withdrawal limit is reached, then will the faucets actually provide us with real bitcoins. During the time you accumulate 6 satoshis per hour, the number displayed on the screen is fake because no one has enough time and transaction fees to transfer you 6 satoshis per hour. But it would be surprising if OP or someone is still using faucets to accumulate bitcoins these days, which is pointless.

[tbct_mt2]

I know this faucet longer than this forum, the name of the faucet is freebitxxx. It's best if we don't need to mention it clearly because that's not the issue I'm going to ask about.

So in a few hours the faucet will give us a very small amount of free bitcoins. The question is, is it real bitcoin? or is it just fake bitcoins and when we have met the minimum withdrawal limit, they just send real bitcoins to our withdrawal wallet address?

I think it's fake bitcoin, because on the faucet we only get 0.0000006 while the transaction fees are more expensive than that. So the small amount given by the faucet is fake bitcoin?

Faucets nowadays give you very tiny amount each claiming time and like you shared, it's 0.0000006 BTC for one claiming time. It does not enough to pay on chain transaction fee too.

Faucets have min time between two consecutive claiming to avoid exploitation and they also have a min amount for you to submit a withdrawal request. It is a time when they will proceed coin to your address.

If it is a faucet from casino, it is usually free coin for you to make small bet and it is a main purpose of casino faucet.

[Ruttoshi]

It's all genuine, why do I call it genuine, because I have already withdrawn the Bitcoins I got from the freebitxxx fauchet. I have known and played this fauchet since 2015, and I have made 4 withdrawals there. Now I'm still playing it, and so far I haven't made a withdrawal because the results from the current fauchet are very small. It was different in 2015.

Apart from Bitcoin faucet, there were also faucet for Bitcoin and Dogecoin.

Currently it may take a long time to claim Bitcoin from fauchet because we have to collect a lot of Bitcoin first to cover fee transaction

You are right, it was back in 2015 like you said that faucet is worth giving time because then it pays well, but as time goes on it became very small that I presently see it as a waste of time because before one can claim bitcoin from faucet, you must be a patient dog since the transaction fee is something else.

That sounds bad, so we also don't know how much bitcoin they have? including casinos and centralized exchanges also the same? the numbers written on our account are just fake bitcoins? can they use the bitcoins we send them for their needs? As long as there are no major withdrawals on the exchange, no one will know that our bitcoins there have been used. Could that be true?

Exchanges are very funny people because they are always bringing figures that are not in their reach to make people feel that keeping their funds with them is safe, when you will know that it is not true is when that exchange crashes, they wouldn't be able to refund all customers their funds at once. Another way to know is when there is a massive withdrawal from the exchange, you will see that the exchange will now deprive their customers from withdrawing and also place a withdrawal limit on customers so that they wouldn't know the truth.

 Same with traditional banks, have you ever thought that what id all the customers withdraw all their funds at once, the bank will never accept many withdrawals and they will put a withdrawal limit. This has happened to me and I need the funds for an urgent purpose. Not your keys not your coins. The moment you deposit to an exchange, your coins becomes a business coins, and not yours anymore, it is only when you have withdrawn it that it becomes your again.

[Hatchy]

here's a typical example of such web

Several websites offer faucets to users for completing small tasks. I've been aware of this particular website for a few years, but the tiny rewards provided are insufficient for withdrawal. These rewards are not fake but rather smaller units of satoshis. Faucets distribute these small amounts to encourage user engagement and familiarity with cryptocurrencies. The amounts are minimal and might not cover transaction fees for sending. Yet, upon reaching the withdrawal limit, the accumulated amount of Bitcoin will probably combine with other users' amounts to cover the withdrawal transaction fee and then be sent to their respective address.

[Helena Yu]

If receiving small amount of Bitcoins is scam, do you think a random message about 1 BTC reward that sent to you is real?

The only way you can call the site is scam when they don't want to let you withdraw. AFAIK Freebitco.in will let you to withdraw your coins as long as you met the minimum withdrawal without rollover. If a gambling site ask you to make deposit and minimum rollover, you also can't blame them because casino isn't a charity.

[Doan9269]

So in a few hours the faucet will give us a very small amount of free bitcoins. The question is, is it real bitcoin? or is it just fake bitcoins and when we have met the minimum withdrawal limit, they just send real bitcoins to our withdrawal wallet address?

We cannot say all of them are real, but definitely some are, but for them meeting up with the requirements to make the withdrawal is what becomes a difficult task, because the money you will be given is very small to get withdrawal of, and as for those that promises higher pay rate for each task completed will not reward you because they can't afford to pay such huge amount of money, if you now compare and contrast the two conditions, you will conclude on everything about faucet to be a complete waste of time.

I think it's fake bitcoin, because on the faucet we only get 0.0000006 while the transaction fees are more expensive than that. So the small amount given by the faucet is fake bitcoin?

It's not fake in most cases, they know what they are doing, they will offer the amount of money which is unable to perform the transaction fee not to talk of what will be left for you, most people don't know the maths behind this before they rush into it.

[DabsPoorVersion]

I know this faucet longer than this forum, the name of the faucet is freebitxxx. It's best if we don't need to mention it clearly because that's not the issue I'm going to ask about.

So in a few hours the faucet will give us a very small amount of free bitcoins. The question is, is it real bitcoin? or is it just fake bitcoins and when we have met the minimum withdrawal limit, they just send real bitcoins to our withdrawal wallet address?

I think it's fake bitcoin, because on the faucet we only get 0.0000006 while the transaction fees are more expensive than that. So the small amount given by the faucet is fake bitcoin?

Faucets nowadays give you very tiny amount each claiming time and like you shared, it's 0.0000006 BTC for one claiming time. It does not enough to pay on chain transaction fee too.

Faucets have min time between two consecutive claiming to avoid exploitation and they also have a min amount for you to submit a withdrawal request. It is a time when they will proceed coin to your address.

If it is a faucet from casino, it is usually free coin for you to make small bet and it is a main purpose of casino faucet.

In short, faucets nowadays are just a waste of time. Unlike in the past, rewards given in faucets have value, but right now, you're the only one who needs to spend money for fees just to claim a small amount of Bitcoin.

Before I started to know this forum, around the year 2016, I was also doing faucet as I was told that it's another way to earn Bitcoin. If you are the type of an individual to have an effort and patience, holding it till you make a decent amount before you withdraw, it's not a waste. But right now, time and effort will all be put to waste.

[Davidvictorson]

So in a few hours the faucet will give us a very small amount of free bitcoins. The question is, is it real bitcoin? or is it just fake bitcoins and when we have met the minimum withdrawal limit, they just send real bitcoins to our withdrawal wallet address?

I think it's fake bitcoin, because on the faucet we only get 0.0000006 while the transaction fees are more expensive than that. So the small amount given by the faucet is fake bitcoin?

From personal experience, the time spent on these free Bitcoin faucets sites is substantially disproportionate to the earnings. It would take an unreasonably many long years to earn a noteworthy amount, making it inefficient compared to other ways of earning or investing in Bitcoin. The only people who get a win are the owners of the sites and they make their earnings by their advertisements.

[komisariatku]

I think it's fake bitcoin, because on the faucet we only get 0.0000006 while the transaction fees are more expensive than that. So the small amount given by the faucet is fake bitcoin?

I think you have found the right logic that the faucet is giving fake btc to your account. This is clear as there is no delay between clicking the “claim” button and the Bitcoins going straight into your account. Even though it is fake bitcoin but when you have lowest withdrawal limit then they will send real bitcoin to your bitcoin address.

However, working on this faucet is really a waste of time, in the past I also often visited the frebitxxx you mentioned and played the dice games they provided, but always lost and never made a single withdrawal.