If you want to invest in bitcoin, you’ve probably heard of Freebitco, an online Bitcoin faucet that allows investors to earn bitcoins and participate in weekly lottery drawings.
Is Freebitco, however, a rip-off? Can you truly rely on free bitcoin and satoshi deposits on their platforms?
To provide you with an answer, I spent some time investigating Freebitco. in, and I hope that after reading this Freebitco review, you will be able to make a more informed decision on whether it is good for you or not.
As a disclaimer, I am not involved with the freebitco, thus my opinions are completely true based on my research and other factors.
This freebitco review will tell you everything you need to know to make an informed conclusion about whether freebitco is worth your money (or, more importantly, your time).
At the end of this article, I’ll also tell you about a much superior option that allows me to quit my work and earn a four-figure monthly income, so follow up with me, and read till the end.
What exactly is Freebitco?
Freebitco, or Free Bitcoin, is an online bitcoin faucet with games, weekly lotteries, and the possibility to earn bitcoins every hour.
It was founded in late 2013 and has since evolved into a bitcoin destination with over 10.5 million users and over 100 million monthly visits.
It has so far paid out over $130,000 in Bitcoin revenue.
However, you are not familiar with bitcoin mining, investing, or generating operations.
How does freebitco.in work
FreeBitcoin.in is the web home of FreeBitcoin, a firm that claims to wish to provide individuals with the possibility to earn Bitcoin for free by playing games.
For those unfamiliar with Bitcoin, it is a form of digital “cryptocurrency” that has no physical presence. Instead, it’s fully online and used in a peer-to-peer, or person-to-person, scenario.
According to its website, Bitcoin is being accepted by an increasing number of businesses and retailers every day, and it even has the ability to appreciate in value over time as market trends shift, just like any other global currency.
The purpose of FreeBitco.in is to provide those who are new to or new to this currency with a method to start earning and investing it for free by just playing a game.
Who Owner of FreeBitco.in?
InterGlobal Limited, a Belize-based firm, owns FreeBitco.in. There is a mailing address and an email address, but you won’t find them on their website. It may appear when you register, however, there is no “contact us” tab on their website. InterGlobal also owns the mirrored site free doge.co.in, which is a DOGECOINS replica platform. They are now selling at US$ 3.48 per 1,000 DOGECOINS.
What services does FreeBitco.in provide?
FreeBitco.in is well known for its faucet-based business strategy, in which registered users solve and finish captchas to earn satoshi, which they may then exchange for Bitcoin. Their gambling and lottery platform, which allows users to cash in their satoshi earnings or free tickets in the hopes of increasing their risked amount, is maybe equally popular but frequently mocked.
This platform has attracted millions of players over the last several years thanks to its provably fair hi-lo games, attractive referral scheme, and ability to accumulate satoshi earnings to subsequently convert to Bitcoin. As of December 7th, 2017, the site claims to have had over 58.6 billion games played on its platform, with winners and those who converted their satoshi earnings to bitcoins receiving thousands of bitcoins.
is freebitcoin legit?
Freebitco isn’t a scam. It is a legal cryptocurrency platform that does not require an initial deposit to join. It’s difficult to deny the legitimacy of their business, given that they have over 10 million users.
However, you must consider the poor earning potential of Freebitco, as well as the fact that the lottery-style game is generating a lot of negative feedback.
At the end of the day, if you want to make serious money on Freebitco, you’ll need to put in a lot of effort and have a lot of referrals.
Who is eligible to participate?
Despite the lack of information on who may and cannot play, the nature of bitcoin suggests that anyone can participate in the games. Bitcoin is digital money that is not backed by any government or authority. The exchange rate fluctuates, but at the time of writing, 1 Bitcoin is worth US $2,282.23.
Complaints and Red Flags by The Users
While the odds presented on the site appear to be promising in terms of these gambling-like aspects, community criticism has been overwhelmingly negative and loud. For example, several of the lottery games available at FreeBitco.in the claim to provide users with a 47.5 percent chance of winning, yet some user reviews have revealed that they have lost 20 to 30 times in a row on some of the site’s gambling activities.
On the other hand, there is relatively little negative feedback about registered users’ being unable to earn satoshi or withdraw their earnings using the platform. This is saying a lot considering this network has millions of users earning unlimited amounts of satoshi every hour or taking their chances and winning big in the monthly lottery or jackpot games.
Freebitco.in has top three competitors, according to Similarweb data of monthly visits, are faucetpay.io (with 13.32 million), coinpayu.com (with 12.63 million), and rollercoin.com (with 11.90M).
With 6.64 million and 7.30 million visitors, cointiply.com and betfury.io are ranked fourth and fifth, respectively. Luckyfish.io, coin-birds.com, free-ethereum.io, pipeflare.io, and expresscrypto.io are the other five rivals.
Coin-birds.com had 4.22 million, free-ethereum.io had 6.02 million, pipeflare.io had 3.45 million, and expresscrypto.io had 2.97 million.
freebitco Review Summary
Bitcoin is, without a doubt, a legitimate form of currency that has been popular for some time and has been regarded as a potentially decent investment depending on who you listen to. The fact that this website accepts Bitcoin does not imply that it is untrustworthy.
The most serious flaw with this website is the paucity of information it offers. While they spend a lot of time and effort describing Bitcoin to their potential consumers, how it works, and how it is valued, they spend practically little time explaining how their “game” works and why it culminates in them giving you free Bitcoin.
A company that refuses to inform you where or how their money is produced, just like any other money-making opportunity on the internet, is one that should not be trusted.
My Thought Before joining this Platform
It’s not every day that we come across a reputable cryptocurrency income opportunity. FreeBitco.in is a reputable online platform that is utilized by millions of people who want to earn more satoshi and Bitcoin. While the payments aren’t particularly substantial, those of you with spare time can greatly benefit by compounding your gains over time.
Do you think Josh’s conclusion is correct? Please feel free to leave a comment below with any views, opinions, or feedback you may have about Free Bitcoin.
- Top 10 Best Cryptocurrency To Invest in 2022 Right Now
- How To Make Money With Cryptocurrency in 2022
- 10 Best Ways to Invest $100 to Make $1000 Within 38 Days (Proven Strategies)
- How to Identify Cryptocurrency Scams & Their Types in 2022