If you want to invest some money in bitcoin, you might have heard of Freebitco which is an online bitcoin faucet that enables investors to earn bitcoins and take part in lottery drawings on a weekly basis.
But is Freebitco a scam? Can you really trust free bitcoin and deposit satoshi into their platforms?
To give you an answer, I’ve spent some time researching Freebitco.in and hopefully you can make a more informed decision after reading this review.
Since I’m not affiliated with the platform, you can rest assured that what I tell you is unbiased and genuine.
Below is what I’ll cover in the review of Freebitco.
What is Freebitco?
Freebitco, also known as Free Bitcoin, is an online bitcoin faucet that features games, weekly lotteries and the ability to earn bitcoins every hour.
It was established in late 2013 and has since grown their operation into a bitcoin destination that supports more than 10.5 million users, reaching 100 million or more visitors every month.
By far, it has shelled out more than 130,000 in Bitcoin earnings.
But it is not a bitcoin mining, investment or generating operation that you are familiar with.
What Does FreeBitco Offer?
Freebitco is most famous for their faucet based operational model which allows users to solve and complete captchas with a view to generating satoshi which is convertible into bitcoin.
Another feature which grows quickly in popularity is the gambing and lottery platform where users might possibly cash in their satoshi earnings or free tickets.
With a generous referral program and the 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 dished out thousands of bitcoins to winners and those who converted their satoshi earnings to bitcoins.
Freebitco Red Flags and Complaints
There are lots of negative reviews on some of the features such as gambling where the odds of winning the lottery is portrayed as promising on the site.
For instance, some of the lottery games at FreeBitco.in claim to provide a 47.5% chance of winning but it turns out that most customers have suffered 30 to 30 consecutive losses, according to their reports.
However, there is relatively much less adverse feedback with respect to earning satoshi or withdrawing earnings through the platform.
Is Freebitco a Scam?
Freebitco is not a scam. It is a legitimate cryptocurrency site that doesn’t require an initial deposit to sign up for the platform. Used by more than 10 million users, it’s hard to dispute the legitimacy of their operation.
However, you have to reckon with the earning ceiling which is considerably low through Freebitco, not to mention that the lottery-based game is receiving lots of negative complaints.
At the end of the day, you have to spend a lot of time and have a lot of referrals to really make some good money on Freebitco.
Red Flags and Complaints
While the odds presented on the site appear to be quite good regarding its gambling-like features, the community’s feedback is quite negative about their experiences.
As one example, some of the lottery games at FreeBitco.in claim that the user has a 47.5% chance of winning whereas consumer reports have found that there is a trend of losing 10 to 20 times in a row on some of the gambling games available on the site.
The platform has received very little negative feedback indicating that registered users could not earn satoshi through the platform.
This is quite impressive since this platform is home to millions of users who earn vast sums of satoshi every hour or take their chances and win big in the weekly lottery or jackpot games.
FreeBitco.in Review Conclusion
The cryptocurrency world is often devoid of legitimate earning opportunities. FreeBitco.in is one of the most respected platforms for earning Bitcoins and Satoshi. It is a reputable site used by millions of users.
Although the payouts may not be that high, those of you with extra time might benefit from building up their earnings over time.