FreeBitco.in Review 2021 - Legit or Scam?
FreeBitco.in is usually regarded as a Bitcoin faucet platform at times, although it's better to say that this website is a multi-functional online casino providing multiple ways to "win" bitcoins in different kinds of games. This platform is quite old and well-established. Allegedly, there are over 38 million registered users on the website. Since the times when the website began its operation in 2013, the FreeBitco.in users have received around 200,000 BTC. Nevertheless, many people question its profitability or even suspect FreeBitco.in of being a scam (at least to some extent).
FreeBitco.in has gained popularity because it's really easy to use meaning that the games are easy to play while registration is reduced to the email address providing and setting a strong password. Of course, the security measures are in the place, too. KYC is not required on FreeBitco.in which drives lots of people who don't like to share much personal data to join the casino without hesitation. Free spins, BTC wallet, and other options promising easy money also look attractive for large amounts of visitors. The fact that FreeBitco.in exists for many years and most of the games are provable, makes this platform very popular.
How to Get Started?
Some of the ways to earn (or win) bitcoins on FreeBitco.in require investment, while others are free. Regardless of this, any user needs to register on the website and provide a BTC address.
If you don't have a Bitcoin wallet yet, it's not a hard thing to generate one. For instance, you can get a wallet in the Wallet tab of the Blockchain website (https://www.blockchain.com/wallet) or elsewhere.
On the homepage of the FreeBitco.in website, there is a registration form (https://freebitco.in/?op=signup_page). The registration takes only an email address and a setting of the password. Then, the registration should be verified via email. The Bitcoin address should be inserted in the Profile section of the website menu. It can be done in the “Change Withdrawal Address” tab. Without this step receiving rewards is impossible. When the account is set, the user can click on the ROLL button and start earning BTC.
Main Features
It's important to understand that this platform like any other decent BTC faucet doesn't provide an opportunity to make much money out of nothing. Rather, it allows people to earn some extra cash gradually. The platform cannot replace a full-day job in terms of pay. However, FreeBitco.in brings some money and many people still use it to get some cash.
One of the most obvious ways to earn BTC on FreeBitco.in is doing the same job that people do on most BTC faucets — through solving captchas. This way has proven itself to be stable but inefficient as much time is spent in exchange for neglectable rewards. In fact, FreeBitco.in is way more popular because of the rest options allowing to earn some Satoshi.
For example, there is an option called Free Bitcoins Every Hour. The website claims the users can win up to $200 in BTC. All one needs to do in order to win some Satoshi is completing a captcha. The user's random “lucky number” determines the size of the reward. Theoretically, the possible win from Free Bitcoins Every Hour ranges from 0.00000024 BTC to 0.024 BTC. Each solved captcha brings another couple of lottery tickets and two Reward Points. At the bottom of the page, there is a timer showing the time remaining until the next available captcha.
Free Lottery is another way to get some BTC dust on FreeBitco.in. Users get free lottery tickets as rewards for different kinds of activity on the FreeBitco.in site. Additionally, users can buy these tickets (1 Satoshi per 1 ticket). The lottery minimum sum that can be won via the lottery is set to 0.0006 BTC. The maximum prize reaches 0.31 BTC. The prizes are sent to 10 winners each drawing. One can check the number of her/his lottery tickets in the Lottery section of the website. There one can buy more tickets and process the approximate chance of victory. It's understood that the more tickets one has, the bigger chance that she/he will win.
Your Bitcoins. One needs to guess the random numbers generated by the platform (“hi-lo jackpots”). It works the following way: the user should pick between "bet high" (if she/he thinks that the number will be higher than 5250) or "bet low" (if she/he thinks that the number will be lower than 4750). The minimum bet is 0.00000001 BTC. Each try brings one lottery ticket unconditionally and some other reward points in case if certain conditions are fulfilled. According to the website, the prizes can reach up to 1 BTC.
Once an hour, it is possible to win a 0.00000022 BTC to 0.0224 BTC via the dice game. After hitting a "Roll" button, a player receives a random number from 0 to 1000. The numbers correspond with certain rewards.
Moreover, users can wager on the HI-LO dice game or even bet on different events via the website. Users can bet for or against the odds via the P2P odds platform provided by FreeBitco.in. Ten users with the highest wagering volume get a chance to win the prize of $21,600 in BTC. The contest is held once a month. Participating in wagering BTC games and betting on the events can be rewarded in Golden Tickets. The Golden Ticket lottery drawings can bring such prizes as Lamborghini.
Also, there is a weekly lottery on the platform. It allows winning up to $7,500 in BTC. Moreover, those who play "big" can hope for a more serious win in the wagering and referral contest with a $32,500 maximum prize.
More than that, users can earn interest from bitcoins stored on FreeBitco.in. The minimum amount of money required for this is 0.0003 BTC. The stored funds can be withdrawn at any moment without obstacles. The annual interest can reach up to 4.08%.
One of the methods that appeared to be useful both for the platform and the users is the referral program. FreeBitco.in offers generous rewards to those who bring more users to the website. It seems that this stimulus works pretty well as there are dozens of millions of registered users on FreeBitco.in. Users receive 50% of what their referrals win. Besides this, they get one free lottery ticket for each game played by the referrals. Once a month, the website is giving $10,900 away as a prize for the highest sum accumulated by the person's referrals. The top 10 users with the highest-grossing referrals receive huge prizes.
In the Withdrawal section, users can choose one of three withdrawal options. They differ in fees and the way money is received. The "Auto" option means that BTC coins are withdrawn automatically once a week, on Mondays. There are also "slow" and "instant" options with different speed of transactions and different fees. The minimum withdrawal threshold for all options is 0.0003 BTC.
Security
There are no publicly available reports of proven cases of security breaches on the platform's side. The users are encouraged to use 2-factor authentication. This protection method creates a token that constantly generates one-time passwords on the user's device. If the intruder tries to enter the account, she/he will be hit by the requirement to insert this code that cannot be reached without the physical possession of the user's device generating these codes. This security measure is quite regular for cryptocurrency platforms.
Is FreeBitco.in a Scam?
As the cryptocurrency industry is attractive for scammers of all kinds it's important to figure out if FreeBitco.in is not a fraudulent platform before using it. It's not a hard task to find scam accusations about almost every cryptocurrency platform. What is really hard is distinguishing false accusations left by disappointed users whose expectations fell short from the really disturbing reports of actual misconduct from the platform's side. In many cases, there is no chance to check if the reports are true. Anyway, it's important to consider them and analyze them thoroughly. Moreover, it is better to notice if the company reacts to accusations and provide assistance or just argue with unhappy customers.
There are complaints regarding FreeBitco.in. For instance, some people claim that instead of a 47% chance of win (that is declared by the website) the chances are much lower. Some say that it is possible to lose for 20 or even 30 consecutive times. One alleged user reported that he spent around 1 BTC in a 50/50 dice game and had zero wins. Interestingly, this claim was taken with a bit of skepticism from other alleged users as they told that they play on FreeBitco.in for several years, and win some amounts from time to time. In general, the amount of complaints is not big if we trust that there are actually over 38 million users on the platform. Others don't trust the stats displayed on the website, doubting the number of users, games plaid, and the rest figures. However, no one did enough to prove that the figures are true or false. There are lots of positive reports of the platform from people who claim that although they didn't win much, the casino is fair and they can withdraw their money anytime without any trouble. It doesn't seem that the company could have been capable of faking all of these user reviews.
Final Thoughts
All in all, we deal with a legit online Bitcoin casino. It's easy and safe to use FreeBitco.in although hoping for big wins is almost baseless. The platform is quite old and proved itself to be a popular BTC gambling website with a strong reputation.
its a great site sign up is free and you earn BTC every hour no matter what. i actually withdrew bitcoins then exchanged for cash. careful though you can lose everything. https://freebitco.in/?r=39404949
I've been using it purely as _faucet_ (free hourly rolls) and savings account for years, earning me quite some satoshis/dollars (it slowly, but surely adds up, especially with a rising BTC value). I withdraw to my personal Bitcoin account each time I reach a certain balance amount. They out consistently and on time, very transparant -- which is very rare with faucets! I disabed the lottery rewards and always use the (free) reward points to buy roll bonuses.
Just DON'T fall for any of the multiply, lottery or other betting/casino features! Believe me, I've tried and experimented with the multiply game extensively (even modeled it in Java to simulate/study/practice), but I have to conclude that the site heavily cheats -- as often as I lost the low/high spin for 20+ times in a row is statistically impossible, and it seemed to follow a certain pattern/algorithm, to lure you in with a winning streak and then take it all back and more...
Definitely not a scam
Easy and fun, but doubt that you are able to gain something here. At least, I've never won anything.
