FreeBitco.in Review – Legit Bitcoin Faucet or Scam?
freebitco.in Review – Legit Bitcoin Faucet or Scam?
FreeBitco.in is an online Bitcoin faucet that enables investors the ability to earn bitcoins and participate in weekly lottery drawings. Individuals who are looking to generate additional Satoshi and Bitcoin earnings are able solve captchas in order to accrue these earnings. While the site doesn’t rely upon initial deposits to be performed by new registered users, members are able to deposit Satoshi into their platform to generate interest on their deposits.
Hosting their platform to over 10 million registered users is quite an impressive feat. Naturally the success of FreeBitcoin has made them a target to speculative accusations and ridicule. Despite the allegations pending against some of Free Bitcoin’s features we will take a neutral yet practical approach while laying out the facts for you to decide whether this platform is one that is worth your time or not.
freebitco.in - Free Bitcoin
What is freebitco.in?
Free Bitcoin is not a Bitcoin mining, investment or generating operation like we have grown accustomed to crossing paths with. Instead, their platform is an online Bitcoin faucet that features games, weekly lotteries and the ability to earn bitcoins every hour. Since their inception in late 2013, FreeBitco.in has grown their operation into a Bitcoin destination that supports more than 10.5 million users, has shelled out over 130,000 in Bitcoin earnings and has amassed over 100 million visitors each month.
What does FreeBitco.in Offer?
FreeBitco.in is mostly known for their faucet based operational model where registered users solve and complete captchas in order to generate satoshi which they can later turn into Bitcoin. Perhaps equally as popular but often the subject of ridicule would be their gambling and lottery platform where users are able to cash in their satoshi earnings or free tickets in the attempts of multiplying their risked amount.
Featuring provably fair hi-lo games, a generous referral program along with providing an outlet to amass satoshi earnings to later convert to Bitcoin has enabled this platform to acquire millions of users over the past few years. As of December 7th, 2017, the site claims to have over 58.6 billion games played on their platform while dishing out thousands of bitcoins to winners and those who converted their satoshi earnings to bitcoins.
Red Flags and Complaints
While the odds portrayed on the site seem promising regarding these gambling like features, community feedback has been quite negative and outspoken regarding their experience. For instance, some of the lottery games featured at FreeBitco.in claim to provide the user with a 47.5% percent chance of winning while some consumer reports have been found to report 20 to 30 consecutive losses on some of those gambling games offered on the site.
On the contrary though, very little adverse feedback can be found in regards to registered users not being able to earn satoshi or withdraw their earnings through the platform. Which is saying quite a bit since this platform is home to millions of users who are earning endless sums of satoshi every hour or taking their chances and winning big in the weekly lottery or jackpot games.
Analyzing the Facts
FreeBitco.in is one of the few legitimate cryptocurrency sites that doesn’t require an initial deposit to join their platform. Users who register through their site are able to generate 3,500 satoshi in earnings every hour for an unlimited duration of time. Even though the earning ceiling is considerably low through their platform, members are able to spend their earnings and utilize free tickets in the attempts to accrue more earnings through jackpot drawings.
Used by over 10 million users it is hard to argue the legitimacy of this operation. While negative complaints continue to surface regarding their lottery based game it is becoming apparent that perhaps their lottery games aren’t the best avenue to invest your earnings through. Our two cents on the matter would be to utilize your time wisely and solely accrue as many satoshi as you can in a fixed time frame and stay consistent with their platform. The satoshi earnings will amass overtime and allow you to generate a good sum of Bitcoin earnings.
Can FreeBitcoin be Trusted?
FreeBitco.in is a trustworthy operation and we recommend their platform to any individual who has extra time to spare in order to accrue additional earnings. It should be noted that since this is a Bitcoin faucet and that the completion of captchas will be required that you should have a solid anti-malware system downloaded on your computer to help prevent any possible computer viruses from inhabiting your processing system.
FreeBitco.in is a popular Bitcoin destination that reflects a SimilarWeb global rank of 1,904 during the time of writing this review (December 2017). On average the website receives over 100 million visitors per month and has been growing exponentially over the past 6 months. The site is ranked #2 among all Lottery sites and is most popular in Russia. Other countries where FreeBitcoin is popular include Ukraine, Brazil, India and Venezuela.
We expect FreeBitco.in to continue in growth as Bitcoin and other cryptocurrencies become more reputable, understood and sought after.
FreeBitco.in Review Conclusion
Not often are we confronted with a legitimate earning opportunity in the cryptocurrency domain. FreeBitco.in is a reputable online platform used by million of individuals looking to earn additional satoshi and Bitcoin earnings. While the payouts may not be that high, those of you who have extra time of your hands can greatly benefit by amassing your earnings over time.
Do you agree with Josh's conclusion? Please feel free to share any thoughts, experiences or feedback you may possess regarding Free Bitcoin by leaving a comment below.
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