Welcome to my Freebitco.in review!
First things first, I’m really happy for you that you’re willing to do your own research before joining any program as there are way too many online scams that can waste you a ton of time and money.
And this is the only way to stay away from scams and find the legitimate way to make money online!
So, if you’re doing research about is Freebitco.in a scam or legit, rest assured that this is the right place.
In this review, I’m going to be giving you a thorough breakdown of Freebitco.in and whether you should join his program.
Product Name: Freebitco.in
Overall Rank: 60 out of 100
FreeBitco.in was created in 2013, which is an online Bitcoin faucet that enables people to earn free Bitcoins on the internet.
As you can see, FreeBitco.in already has more than 37 million members after launching for 6 years. With more than 203.085 Bitcoins won by users, it is regarded as one of the most popular online platforms for people to earn bitcoins online.
What is Bitcoin?
Not familiar with Bitcoin? Watch this short video to learn more…
Basically, Bitcoin is an innovative payment network that uses peer-to-peer technology to operate. Instead of operated by central government or banks like other centralized digital currency, Bitcoin is open-source where nobody owns or controls it while transactions and the issuing of bitcoins is carried out collectively by the network. This is why anyone in any part of the world can take part in it as long as you have access to the internet.
How does Bitcoin work?
To make it easier to understand, Bitcoin is similar to a mobile app or computer program where users can send and receive bitcoins using a personal digital wallet.
The Bitcoin network is mainly organized by a public ledger called the block chain, which contains every transaction so that users can verify their transaction on the computer.
To ensure the authenticity of the transactions, each of them is protected by a electronic signature corresponding to the sending addresses so that all users can have full control over their own Bitcoins. Not only that, anyone can review the code process transactions on their computers and earn a reward in bitcoins for this service, also known as the “mining” process.
Creating an account for freebitco.in is completely free and anyone can sign up regardless of your age or which country you’re in right now.
It takes 3-steps to start earning Bitcoins with freebitco.in:
1. Sign up for a new account and login to get started.
2. Click on the confirmation link that you receive from your email.
3. Start earning bitcoins.
Remember to add the bitcoin address where you want your bitcoins to be transferred in order to receive the payments successfully.
7 Ways to Earn Bitcoins With Freebitco.in
1. Free Btc
For “Free BTC”, you’ll be playing a game where you can earn your payout according to your lucky number.
Basically, you just have to solve the captcha and click the “Roll!” button to claim your free bitcoin reward.
Here’s the amount of BTC you can receive for each sets of lucky number:
As you can see, my lucky number is 7462 therefore I received 0.00000020 BTC, as simple as that!
For the lucky number 10000, you would earn 0.02047498 BTC at the time of writing, which is equivalent to USD $200. Also, this Roll button will be reset every hour so don’t miss out if you want to earn more bitcoins.
2. Multiply Btc
In this page, you’ll be playing a ‘Hi-Lo” game called ‘Multiply BTC’ where you can multiply your bitcoins up to 4750 times simply by betting!
To start the game, you need to first set a bet amount. After that, simply click ‘BET HI’ or ‘BET LO’ to roll the dice.
If you choose ‘BET HI’ and get a number higher than 5250, you win. If the number is lower than 5250, you lose and vice versa. Another way to earn BTC is to play for jackpots, you can win it by rolling 8888 (see on the right)!
No matter you win or lose, you’ll receive a free lottery ticket and a reward points for every 0.00000500 BTC that you’ve played, plus a free golden ticket for every 0.00500000 BTC.
The golden ticket is used for the golden ticket contest where you’ll have a chance to win a Lamborghini Huracan LP 580-2 with free delivery to the USA. If the winner wants the car in other country, they will need to pay for the shipping costs and other applicable fees, or they can simply choose to receive USD $200,000 or get paid in bitcoins in place of the car.
3. Earn Btc
In this section, all you need to do is maintain at least 30,000 satoshi (0.0003 BTC) in your FreeBitco.in account, then you’ll be payed a compounded interest of 4.08% annually (equal to 0.0109589% per day) on your full balance on a daily basis.
To avoid people gaming the system by depositing before the credit time and withdrawing once they receive their interest, the daily interest will be credited at a random time every day. So it is best for you to hold your bitcoins in the account if you want to earn more passive interest.
To participate the weekly lottery on every Sunday, you can use the 2 free tickets you receive every time you play the faucet roll.
Also, you can get 1 free ticket for every roll your referrals play or for every 0.00000500 BTC that you bet in the Multiply btc game.
If you want to increase your winning chance, you can choose to buy more lottery tickets, which cost 1 satoshi (0.00000001BTC) per one.
Here are two screenshots of the winners of lottery round 247 and the prizes for the upcoming lottery round 248:
Another way to earn free bitcoin is through monthly contest where you can earn up to USD $32,500 in total prizes.
To win the wagering contest, you must rank in the top 10 rank of users with the highest wagering volume for the month. For the next referral contest, you’ll also have to be the top 10 users with combined wagering volume of your referrals.
In my opinion, this is undoubtedly the best way to earn free bitcoin within this website because you’ll be able earn a considerable amount of commissions by simply referring other users to Freebitco.in.
Have a quick look of the referral commission rates for different sections:
- Free BTC: Earn 50% of the winnings obtained in the faucet that your referrals earn, along with 1 free lottery ticket and 1 reward points.
- Multiply BTC: Receive 0.40% of money betted by your referrals no matter they win or lose.
- Earn BTC: Receive 25% of your referrals’ daily interest.
In the section you can redeem your reward points (RP) earned in other sections for prizes and bonuses, including…
- Hardware wallets
- Gift certificates
- Free BTC bonus
- Lottery ticket bonus
- And reward point bonus!
If you’re not interested in these prizes, you can also encash per point for 0.00000001 BTC. However, a minimum 100,000 RP have to be exchanged at one time.
Although you don’t really need much support within Freebitco.in. If you have any questions regarding its platform, you can check out their website FAQ or simply send a contact form and ask your question under the FAQ section.
Like its website said, Freebitco.in is a reputable online platform where everyone can join and earn bitcoins for free.
The Good & the Bad
1. Free to Join
This site doesn’t charge you any entry fees, so you literally have nothing to lose.
2. Pays on Time
If you’ve seen other users’ reviews of Freebitco.in, you will know that this community does pay and it pays punctually.
3. No experience required
The reason why Freebitco.in is becoming more and more popular is that you don’t need to have any prior experience or knowledge in oder to earn free bitcoins. All you need to do is collect free gifts and bet!
1. Have Payment Threshold
Regardless of which types of payment you choose to withdraw, your balance must have a minimum amount of 30,000 Satoshis (0.00030000 BTC), which may take some time to get there if you only play the faucet roll instead of gambling.
2. Low Earning Potential & Risky
Although it is proved that you can earn free bitcoins with Freebitco.in.
I don’t believe that you’re going to earn a lot of money with it especially when betting seems to be the only way to earn money fast within the platform.
So, if you’re looking for a legitimate way to help you earn a full-time income online with very little risk, my recommendation to you is get started with affiliate marketing.
If you’re not familiar with affiliate marketing, it is basically a process of promoting other peoples’ products and earn commissions when someone purchases the product through your affiliate link.
The reason why this method is so effective is that once your website get ranked on search engines like Google, it’ll start earning you consistent passive income on autopilot and you won’t have to trade your time for money as if you’re doing online surveys.
Here’s a simple diagram explaining the affiliate marketing process:
Want to start earning passive income shortly? Check out My #1 Recommendation and learn how to set up an online business step-by-step using affiliate marketing.
Who is Freebitco.in for?
To be honest, Freebitco.in is not a get-rich-quick-scheme where you can receive high payouts of bitcoins in a short amount of time. However, if you’re someone who has extra time and is looking for a way to earn additional Bitcoin earnings, then you will be benefit from this legitimate online platform.
Personally, I would stay away from Freebitco.in because most sections within this platform are betting and users merely depend on luck to earn Satoshis, which I think is not the best way to earn consistent money online.
Freebitco.in at a Glance
Product Name: Freebitco.in
Overall Rank: 60 out of 100
Is Freebitco.in a Scam?
It’s definitely not a scam, that’s for sure as Freebitco.in is one of the few legitimate websites where you can actually earn Bitcoin for free.
As you may know, there are now many websites on the internet claiming that you can earn bitcoins for free, but most of them are scams as far as I’m concerned. That is why it is important to look for a trusted site that has a good reputation and pays on time. As a result, I would say that Freebitco.in is one of these legit sites that you can try.
However, if you want to learn how to make passive income, check out My TOP Recommendation to start creating your own online business using affiliate marketing!