FreeBitco.in Review – What You Need to Know About this Bitcoin Faucet
FreeBitco.IN is a bitcoin faucet owned by Interglobal Limited, a limited liability company that offers information and communication technology services and products. The website has been paying hundreds of bitcoin to its users since October 2013.
According to the site, members can earn free bitcoin every hour. Users can even play a game where they can earn up to $200 worth of free bitcoin. Members can play a Hi-Lo game to multiply their earnings and win one bitcoin every time they play. They can refer their family members and friends to the website and get 50% of whatever their referral wins too.
Members can win free tickets whenever they play a weekly lottery or when someone they have referred plays a free Bitcoin game. There’s a payout table schedule available and members can claim their “satoshi” (the smallest unit of Bitcoin that can be traded at the present) every hour. The amount of satoshis they can get for free changes every time as the amount is fixed to $200. Members will of course get lower payments when the bitcoin value is high.
So What is Bitcoin?
If you are new to bitcoin, you’d want to know what it is and how you can benefit from it. Bitcoin is a digital currency – or more often called a “cryptocurrency”. Basically, it is online money. It can be exchanged for other currencies such as U.S. dollars. Just like other currencies, the value of bitcoin also fluctuates over time. However, unlike other currencies, it is decentralized. There is no any single country, government or central bank in charge of the currency Bitcoin, so it’s not vulnerable to central bank or government mismanagement.
The bitcoin system was created by Satoshi Nakamoto. It is unknown whether this currency is the creation of a single person or a group of programmers. Bitcoin was introduced in 2009 and since then, it has gained controversy and attention as an alternative to commodity currencies like the USD dollar, Euros or gold and silver.
Since the bitcoin software is an open source currency, anyone can see it. New business ideas can certainly develop because of this. Bitcoin can be purchased and sold like any other country currency. It is stored in digital eWallets, which can be held in third party websites, computers or mobile devices. A digital wallet is like a virtual bank account that allows a person to receive or send Bitcoin – save or pay for goods or services using Bitcoin.
Types of Digital Wallets
There are different types of digital eWallets. One of these is AdvCash and also Payeer that accepts Bitcoin in the cloud. With this kind of online wallet, you don’t need to install any software on your computer and deal with lengthy syncing processes. You can also have a wallet on the computer. The advantage of this kind of wallet is that you can keep your bitcoins protected away from the internet.
Sending bitcoins is actually very simple. You can use bitcoin to purchase any kind of goods. Since bitcoins are not tied to any state, international payments are cheap and easy. This currency isn’t subject to any directive. It is not too limited and so many advantages can be derived if you will use Bitcoin. Small businesses, in particular, use it as they don’t need to pay any credit card fees. Some people buy bitcoins as a form of investment and sell it when the time is right. Here are the benefits of this currency:
Each Bitcoin transaction can be seen on the public bitcoin ledger called blockchain, but any identifying details like your name for instance are not seen. Every transaction is connected to a Bitcoin “address”, which is a string of characters and text. Here is an example of what a Bitcoin address can look like:
Your address may be visible to other people, but they won’t be able to trace that address to you. If you don’t like the restriction imposed by banks on the amount of money you can or cannot move, you will really like this feature.
Only 21 million bitcoins will be mined, limiting the amount of bitcoins that can be produced. When there’s a fixed supply, the currency is not affected by inflation and your purchasing power is maintained. The limited supply of bitcoin has helped increase its price. It is continuously increasing because of it’s emerging popularity too.
Cheaper and Easier to Manage
Since bitcoins are decentralized, it’s easy to send and receive money. For instance, you can send bitcoin to a friend who is living in another country within seconds. You don’t need to pay banking fees or go through any bank intermediary. There is no need to wait for a wire transfer that can take several days. You can send bitcoins in seconds or minutes. A lot of businesses have to use MasterCard or Visa to stay competitive, but these cards take considerable fees out of every sales transaction. When you accept bitcoin, you don’t need to pay these fees. You can save money and still get what you need.
These are only some of the benefits of bitcoins, but what about the drawbacks?
Bitcoin transactions are irreversible. You can’t get it back if you send it to the wrong person. It is also possible to lose your bitcoin wallet address through malicious software, hacking and losing your phone. If you lose your bitcoin wallet, you will lose your coins. You won’t get them back, so you need to know what you are doing and research how to purchase and store your bitcoins properly.
You should also think about price fluctuations. The value of bitcoins might be high today and then suddenly drop the next day. Since bitcoins are being traded 24/7, the price is fluctuating all the time. Bad news can send the price falling down, so the price may not be stable at all. There are other factors that can affect its price. The best thing to do is to avoid investing more than you can afford to lose.
How to Get Bitcoin
There are various ways to get bitcoins. One of these is to purchase Bitcoin at an exchange. People can sell or buy bitcoins from websites called bitcoin exchanges using their preferred currencies. You can also receive bitcoins from other people through your computer or mobile phone or by using an online platform. It’s done just like how you send or receive cash, but in a digital way.
Another way to get bitcoins is to mine it. You can find ways to earn it little by little. The network is protected by some people called miners and they are awarded on a regular basis for every newly confirmed transaction. Each transaction is verified and recorded in the blockchain.
These people compete to mine bitcoins by using computer hardware to crack complex math problems. However, this is a very expensive venture. Today, miners can choose cloud mining options like Hashflare. They only need to invest in third party websites to get the required infrastructure. This reduces energy consumption and hardware expenses.
These are the things that you need to think through before investing in bitcoin. This currency is also starting to have problems with higher transaction fees and slower transaction speeds. While Bitcoin miners are doing their best to solve the problem, there are still some risks and the price is expected to be very volatile. If you do decide to invest in bitcoins, you should take your time and do your own research.
Buy only from a trustworthy seller. Some sellers may overcharge you and not deliver your bitcoin. So, the best thing to do is to do some research first and find a trustworthy seller with excellent reputation. Do not let your emotions make the decisions for you. Invest only the amount that you can afford to lose. This is where FreeBitco.in can help as it allows you to earn free bitcoins. Here are some tips on how you can get started.
How to Create an Account With FreeBitco.in
Creating an account with FreeBitco.in doesn’t take a long time. You only need to complete the account creation form on the official website. This includes providing your email address, bitcoin address and password. You need to have a bitcoin address before creating an account. In case you don’t have one, you can use a temporary genuine bitcoin wallet address and edit it later on when you get your real bitcoin wallet. It is very easy and can be done conveniently. Putting in a fake address is impossible as the system can detect it.
Here’s a step by step process on how to register an account successfully:
• Fill out the online registration form by entering the required information, which is your email address and preferred password. Click Sign Up. Registration is free, so you don’t need to pay anything. Email verification link will be sent to your email.
• You need to create a profile. Don’t forget to add your bitcoin address to get your payment. FreeBitco.in allows you to apply your desired setting and change the email address you previously used.
• Log in to start earning free bitcoins. Set your preferred captcha system. FreeBitco.in also has a reward system. Rewards are randomly given, so whatever number you get will be yours.
• After solving the captcha, click “Roll”. A random number will appear and you will get your reward.
You can check your personal or site stats or account balance. FreeBitco.in is also giving two lottery tickets with each roll. Promoting your link to other people will give you rewards. Even if you are not playing, you will get 50% of whatever they earn. Payments are released every Saturday. FreeBitco.in has a countdown for Next Payment on the Refer Page. The site has a good stats system, helping you think of better ways to promote the site. FreeBitco.in has an Auto Share system that you can use to give free satoshi to your downline.
Freebitco.in’s account dashboard is not exactly clean as it has quite a few ad spaces. Aside from the two banners near the bottom of the site, there is another banner on the right side of the page. There are also ads camouflaged as article links at the bottom of the site. These ads make the page look cluttered. The dashboard allows members to edit their bitcoin address and password, but they cannot change the email address. They are only allowed to change the email address if the emails sent by the site are bouncing back or if their email address is invalid. This is something you should note down and be very cautious about. When it comes to making withdrawals or deposits, the process is quite the same as other bitcoin earning websites.
What Games Can You Play to Earn Free Bitcoins?
You can choose from three games – Free Play, Lottery and Multiply BTC.
Free BTC – Free Bitcoin Every Hour
The Free BTC or Free Play can be considered the bitcoin faucet because you are taking a chance to earn free bitcoins that you can use afterward in the main games. You can play the “Free Play”-game every hour to earn up to $200 worth of bitcoins so that you can have more bitcoins to use in the two major games. The site doesn’t require you to deposit any amount.
The Lottery game is a lottery draw that is held every week. Winners can get fairly big prizes when they play the game. Ten prizes are given weekly. What you need to keep in mind is that the prizes keep changing. This is because the prizes are constantly adjusted to reflect the exchange rate between US dollars and bitcoin. Since the biggest prize is $200, the prizes must be adjusted to reflect the corresponding bitcoin value. The lottery ticket costs 0.00000013 BTC and you get two lottery tickets each time you play the free BTC roll.
Multiply BTC is a provably fair game where you either “Bet Lo” or “Bet Hi.” You can earn up to 40 BTC when you play this game. What you need to remember about this game is that you can’t determine the basis number that will decide if your bet loses or wins. The basis number is actually a set of two numbers that can quickly change according to your preferred payout amount. The payout amount is set at 2.00 by default. If you Bet Lo and the outcome is lower than 4750 or you Bet Hi and the outcome is higher than 5250, you win. You are allowed to change the payout value to any amount between 1.01 and 4750.
This game is not really complicated. If you have played online casino games before, you can figure out how the game works. You only need to input two numbers – the Payout/Win Chance and your Bet Amount. After entering the two numbers, the Payout/Win Chance and Win Profit are automatically adjusted. It can be done so easily but you can possibly earn great value.
FreeBitco.in uses its own software. The Multiply BTC and Free BTC games are provably fair, while the Lottery game isn’t. The games have Provably Fair links that you can click on to get the client seed, nonce and server hash. The links are visible enough, so you can find them without any problem.
How to Make a Deposit
While FreeBitco.in only uses bitcoin, the prizes it offers are stated in either BTC or USD. You can make a deposit just like how it’s done with most bitcoin betting websites. Deposits are credited after one confirmation and can be made from one bitcoin wallet to another. You can see the Deposit/Withdrawal tab under the Profile page.
FreeBitco.in allows you to withdraw manually or choose Instant Withdraw. You can also enable Auto Withdraw.
• Manual Withdrawal – Manual withdrawals normally take about six hours. 0.00000400 BTC will be deducted from the amount you withdraw as transaction fee. The minimum withdrawal limit is 0.00010400 BTC.
• Instant Withdraw – This option has a minimum withdrawal limit of 0.00041000 BTC. The transaction usually takes only fifteen minutes, so you can withdraw your earnings faster. Of course, the transaction fee is also higher. You need to pay 0.00031000 BTC.
• Auto Withdraw – Your account balance is sent automatically to your wallet every Sunday. FreeBitco.in will send an email about the automatic withdrawal each time a transfer has been made. FreeBitco.in takes care of the transaction fee, so this option is ideal for those who don’t want to pay anything. While you may need to wait longer to get your bitcoins, you can enjoy the benefit of not having to pay any transaction fee.
Unfortunately, FreeBitco.in doesn’t offer promotions. The site doesn’t provide any reload bonus, sign up bonus or first deposit bonus, but it offers a free bitcoin faucet in the form of a Free BTC game. FreeBitco.in also has an affiliate or referral program that gives a 50% commission on the free bitcoins earned by those you referred to the website.
Player Support and Security
FreeBitco.in has an online contact form that you can use to express your concerns to the team. The contact form can be found under the FAQ page. FreeBitcoin does not reveal any information about its regulation and license just like other websites. You don’t need to worry about your security as FreeBitcoin provides the same level of transaction and account protection given by most bitcoin betting websites.
You can access FreeBitco.in using your mobile phone as it has a mobile-friendly website. Like other bitcoin mobile games, Freebitcoin’s mobile website automatically adjusts to the screen size of the device used to view it. You will see the sign up page right away, which means that you really have to sign up to play the games and earn free bitcoins.
While FreeBitco.in does not have a mobile app for playing the games on tablets and smartphones, its mobile-friendly site is enough for now to provide members with a fun mobile gaming experience. The interface is very easy to use and comprehensive. Anyone can surely understand how to go through the site’s features and functions.
Why Play at FreeBitco.in?
FreeBitco.in has been paying its members without any problem since 2013. It is actually one of the best free bitcoin faucets today. Here are other reasons why you should play at FreeBitco.in.
One of the best things about FreeBitcoin is that you can join for free. Regardless of your location, you can start playing and earning free bitcoins without spending a single cent. You only need an email address and a digital wallet to get started. There is no country restriction to worry about. If you are interested in bitcoins and you have some spare time to play the games on FreeBitco.in, you can create an account and start playing.
You can multiply your bitcoins by playing the Hi-Low game. In fact, you can multiply your bitcoin up to 4,750 by playing this game. You can also deposit bitcoins to play the Hi-Low game. Just don’t bet more than you can afford to lose. While it is possible to win big, you shouldn’t gamble too much. If you make the wrong decision, you could lose all your earnings.
Every free roll you play gives you two lottery tickets. You will get one free lottery ticket each time your referral plays and one ticket for each 0.00001500 BTC that you bet in the Multiply BTC game. Lottery tickets are drawn on Sundays and ten winners are given big cash rewards after the end of every lottery round. FreeBitco.in also allows you to purchase lottery tickets from your account balance.
Earn Every Hour
Another good thing about FreeBitco.in is that you can earn every hour. You can earn up to $200 worth of bitcoins per hour with only a single click. Simply answer the captcha and click “Roll” to start earning. The bitcoins you will earn depend on the number you’re enrolled in. For instance, if you’re rolled on 10000, you can earn $200 worth of bitcoins hourly. Your luck plays an important role here of course.
You will earn two reward points for every free roll you play. Aside from this, you will get one point every time your referral plays a free roll. You can also sell the reward points you earned into cash. To do this, you need to have a minimum of 100000 reward points. You can use the reward points to get free bitcoin bonuses or free electronic gadgets such as iPhone 7 Plus (2576 GB). Other items included in the list are lottery tickets, bitcoin hardware wallets, reward points multiplier and gift cards. You can check out the Reward menu to see what rewards are being offered.
If you want to get more reward points, you can choose to disable lottery. You can also claim the Reward Point Bonus and Free BTC Bonus rewards because you can claim these rewards with less reward points than other items. Aside from this, you can earn up to 100 reward points for every free roll or 1000% bonus per free BTC roll.
You will earn daily interest if your FreeBitco.in account has a maintaining balance of at least 0.0003 BTC or 30,000 satoshi. This means that you are earning money without doing anything. Just imagine the great thing you can do if you will go for Bitcoin. You can get 0.01% daily interest and 4.08% annual interest on your holding account balance as well as 25% referral commission on any interest made by your referrals.
50% Lifetime Commission
You can earn 50% commission from the free roll earnings of your referrals. There is no limit to the number of people you can refer. If you have many contacts, this is a good chance to put your network to good use. You can refer active people under your username to earn healthy commissions every day or every month.
Easy Payment Methods
You can withdraw what you’ve earned when you reach the minimum disbursement limit. FreeBitco.in allows you to withdraw your earnings on Sundays if you reach 0.00030000 satoshi. This amount can get lower or higher depending on the current bitcoin value. You can choose to withdraw manually or go for the instant option. The process for manual withdrawal will take one day (max), while the instant option will take at least fifteen minutes. Weekly payments or automatic withdrawal doesn’t require any transaction fee, but the other options require one.
How to Refer People
All you need to do is to share your referral link and ask your friends and other contacts to visit it and make their own account. They will be added as your referral and you will earn 50% of their free bitcoin earnings as commission. This is done automatically, so you don’t have to do anything. FreeBitco.in pays the 50% commission out of its pocket, so nothing will be deducted from the account of your referral. If you don’t have any idea about how to get your referral link, you can contact FreeBitco.in.
Risks to Consider
FreeBitco.in is an excellent website and most likely the best bitcoin faucet out there. A lot of people want to earn bitcoins fast. If there are risks that you should consider, it would be gambling too much. Some people bet a large amount of money to double their earnings quickly, but you shouldn’t do that. Instead of earning, you might lose everything.
There are no country restrictions to worry about. Freebitco.in doesn’t filter IP addresses. Players from the US can access the site. It can be considered a bitcoin gaming website where you can get bitcoins for free and it’s only because Freebitcoin is a bitcoin faucet. What you need to know is that Freebitco.in is only available in English.
What is the Best Way to Earn Big on FreeBitco.in?
Claim Your Rewards
One of the best things about FreeBitco.in is that you can earn big on your own. You don’t need to refer a new person every day just to secure your earnings. If you can spare one minute every hour, you can earn a decent amount of money from FreeBitCoin. It is impossible to login and click the Roll button every hour, but you should try to spare time to click Roll twenty-four times every day. Since it only takes less than a minute to click Roll, you don’t need to worry about wasting your time. You can use your phone to earn free bitcoins on FreeBitCo.in.
Another way to maximize your earnings is to earn at least 1200 reward points and use it to redeem 100 Rewards/Roll. Go to the Rewards menu to see what other offers you can benefit from. By choosing the 100 Rewards/Roll reward, you will get 100 extra reward points for each roll you click. You have spent 1200 reward points for this reward, so make the most of it. You will earn 102 RPs for every roll you play.
Clicking Roll at least twelve times every day will let you earn 1224 RPs. If you click Roll 16 times every day, you will get 1632 reward points. Clicking Roll for twenty-four hours will let you make up to 2448 RPs. When you have earned 4400 RPs, you can click the Free BTC bonus link and redeem the 1000% Bonus. You will earn 1000% extra bitcoins for each roll you play for the next twenty-four hours. Another option is to get another Free BTC Bonus. However, you are only allowed to use one Free BTC Bonus per twenty-four hours.
Maintain at least 1200 RPs and try to refer as many people as possible to get 50% from every free roll they play. The more referrals you have, the higher earnings you get.
You don’t need to think about any lock-in period to start earning interest. In fact, you start earning interest from your first day and you can withdraw your balance anytime you want. You can access your FreeBitco.in account anywhere you are. Use it to store your bitcoins and earn extra through the commission you get from your referrals. You only need to maintain at least 30,000 satoshi in your account and you will get compounded interest on your balance daily. If you are feeling generous, you can share some of your earnings with your referrals.
Overall, the idea behind FreeBitco.in is very good. The account dashboard could use some improvement, but the games and the opportunities offered by the site are amazing. The free BTC game is one of the best things about FreeBitco.in. You can start playing and earn free bitcoins without making any deposit. You can also use reward points to increase your earnings. If you are interested in bitcoins, you should seriously consider creating an account with FreeBitco.in. It is free, so there is nothing to lose.