FreeBitco.in is an online Bitcoin faucet allegedly giving free BTC when users perform certain action on their site. In addition to that, users can also participate in weekly lottery drawings. The site is basically targeting an audience wanting to earn free Satoshi and Bitcoins through solving Captchas which will ”guarantee” them an accrual of earnings. The site does not rely on deposits from new users to generate an income. However, there is a provision for depositing Satoshi with the promise that it will generate interest.
The platform allegedly has 10 million users, which is quite an impressive feat if by any chance it is true that they have this number of registered users on their platform. Also, due to this number of users, Free Bitco has naturally become a natural target for ridicule as well as accusations. Therefore, in this review, we will lay out the facts so you can decide whether or not you should be using this website. We are also not going to ignore some of the accusations that have been brought against Free Bitco website.
So, what exactly is Free Bitco website? And can you make money with the site? Well, Free Bitco is not a BTC mining site and neither is it to be treated like a Bitcoin investment site. Instead, this website is operating like a Bitcoin faucet and a gambling den where algorithms will determine the outcome of the results generated for the user. The site features games, weekly lotteries and a feature that allegedly lets users earn Bitcoins per hour. The site first came on the internet in 2013. Since then, some sources say that it has accumulated over 10 million users. The site receives some 100 million visitors each month.
Therefore, this is definitely a complex mix of features which need careful analysis before one can either spend time or money in pursuit for ”Free Bitcoins”.
The site is known for their faucet business model where users can solve and complete captchas to earn Satoshi. When they do that, they can convert Satoshi into BTC. Their gambling and lottery platform has been a subject or ridicule though because users are able to cash in on Satoshi and free tickets in a bid to multiply the amount which they are risking.
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The platform has acquired millions of users because of their hi-low games, a referral program and also a feature which is allegedly generating free Satoshi which can be converted into free BTC. As at December 2017, the site was claiming to have 58.6 billion games on their platform and thousands of BTC being dished out to users in earnings or as a result of users converting their Satoshi into Bitcoins.
The site looks promising in terms of the gambling-like features. Unfortunately, community feedback is very negative and not promising at all. For instance, Free Bitco claims that some games will give users a winning chance of 47%. However, many people have reported between 20 and 30 consecutive losses on nearly all gambling games on the platform. At the same time, it is not very clear whether users are actually able to earn and withdraw money from this site.
Generally, users are expressing mixed reactions when it comes to discussing Free Bitco site.Some users say they were initially able to win a few games. However, when they played more, they started losing consecutively. Most people think or at least claim that they are losing every few minutes. The general consensus is that you cannot win any money from Free Bitco because the site is running a pre-planned algorithm that makes it impossible to earn.
The free BTC option can be played 5 to 7 times a day. The higher the frequency, the higher the chances of winning. But at the same time, this frequency can take you years in order to cash out your first payment. Not only is this a waste of your time, but the site is also making itself extremely boring. Ultimately, users feel that Free Bitco site is designed to make money for the owner and not the user.
The site is free to join because it does not require any initial deposit. According to the site, users are able to generate up to 3500 satoshi every hour and for an unlimited duration of time. What many users don’t like is the fact that the earning ceiling is very low. This has forced many users to spend their small earnings on tickets in games which they think will help them hit the jackpot. These are hard to come by, plus there is no user on record who ever won a jackpot at Free Bitco website.
It is quite apparent that despite a large user base, negative reviews and complaints continue to surface on the internet, thus making it clear that their lottery business model is not the best offer they can give their users. It would not be worth spending time on this website if you really value your time.
Also, since part of the activities here involve solving captchas, you will be required to protect your computer with a strong anti virus just in case you come across a malware that can inhibit your PC through captchas.
This is a very difficult question to ask. We can’t ignore their 10 million user base. But at the same time, we can’t say that they are 100% legit since only the owner is smiling on their way to the bank. Users, on the other hand, are giving very negative feedback which has something to do with wasting time and earning small amounts of income. What is not clear is whether there are users who have already cashed out.
At this moment in time, we think that Free Bitco is not the best way to spend your time. You should be trading BTC to earn more in a short duration. Don’t rely on something that is as controversial as Free Bitco.
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