FreeBitco Exposed — Can You Really Win Free Bitcoin? Read Reviews!
FreeBitco Review
FreeBitco.in is a Bitcoin faucet that offers a chance to win free bitcoins through a Hi-Lo game plus a weekly lottery. If you’re looking at how to earn free bitcoin, read further.
What Is FreeBitco.in?
FreeBitco offers what looks like two games. There is Hi-Lo where they say you can win up to $200 in bitcoins. They say you can win up to $200 in free bitcoins every hour and then in the same paragraph, FreeBitco says if you play this game, you can win up to 1 Bitcoin each time you play. Then there is a weekly lottery for prizes. Players get a 50% referral commission when they encouraged their friends, family, and others to play. There are a few websites where people are actually advertising for more players.
Who Can Participate?
Though there is no information on who can or cannot play, the very nature of bitcoins suggests that anyone can join the games. Bitcoin is a currency that is not based in any country or by any authority. The exchange rate floats though the current rate of exchange is 1 Bitcoin is worth US$ 2,282.23.
What Are the Prizes Offered by Free Bitcoin?
Playing FreeBitco.in’s Hi-Lo game wins you Bitcoins. There do appear to be prizes to be won in their weekly free lottery, but there is no information on what they are. Playing either is free.
Who Owns FreeBitco.in?
FreeBitco.in is owned by InterGlobal Limited, a company based in Belize. There is a snail mail address and email address, though don’t look to find this on their site. Well, it might show up once you register, but there is no “contact us” menu on their site. InterGlobal also owns a mirrored site called freedoge.co.in which is a duplicate platform for DOGECOINS. They are currently trading at 1,000 DOGECOINS.
What Are the Terms & Conditions?
Don’t look to find published Terms and Conditions at FreeBitco.in prior to registration. There aren’t any. There is a “Terms of Service” with three rules: do not use bots, don’t use rude language, and don’t create multiple accounts.
How to Collect a Prize?
FreeBitco.in has no information on how you collect your prize. Theoretically, getting your winnings should be pretty straightforward and simply credited to your account. But there is a heap of complaints online, where players say their wins were not credited. We’re also not sure whether you can transfer your Bitcoins somewhere else to purchase things or if this is locked to their site and advertisers.
FreeBitco.in Feedback and Complaints
Jumping around the web, it’s been a while since we come across so many negative comments. The loudest one was the rate of winning which estimated a potential win of $0.002 for each roll. This was qualified by the fact that if you did use the referral system and got lots of people to play, the amount would add up pretty fast. There were also comments on the fact the site had too many advertisements. I guess that’s how they stay in business.
Why You Should Register with FreeBitco
Pros:
Anyone Can Play
It’s Free
Simple Game of Hi-Lo
Why You Shouldn’t Register with FreeBitco
Cons:
No Terms & Conditions
No Info on How You Get Your Winnings
A Heap of Complaints
Is FreeBitco Legit?
It’s hard to say whether this is legit or not without registering and there was no way I was going to do it without more information. That and the fact, that there were more complaints than good reviews.
The combination of so many negative comments and the lack of published information prior to registration definitely put me off. Add to that the comments that a bunch of people (who must be better at math than I am) posted relating to the only way to really win here is by referrals hence getting a bunch of other people to play.
FreeBitco gets a thumbs down. This site seems more angled at getting you to engage in the world of Bitcoin than actually getting prizes and things.
Victor
The site is good, why can’t we be patient? People want to make 3btc under one day. Haba. That’s how we get scammed by people because we lack patience
Draad
I’m not saying it’s not a fixed or greatly sided to there advantage but I have cashed out around .1 bitcoin from them and they pay in under 15 min every time sometimes in under 5 min. I’ve never cashed out more than $200 at one time but if you can control yourself and not take to much and go back later with a different strategy it adds up I have got over a .1 in one game before but it will eat it all if you go too long.
Anounumus
I personally, hated freebitcoin. In from the start. Because I invested $90. Went to the multiply game, and I had won almost double my money. Was super stoked and couldn’t stop playing, before another hour was up, I had 0.00000323 satoshi left. When I started with 0.01. So all in all I was pretty pissed, but it was my fault that I lost it all, I mean it did seem rigged because I had a lot of wins at first and then after that, it was straight 5 losses to 1 win every time. But wait there is more to my story, even though I lost all of my bitcoin I decided to stay with them and do the free rolls day after day, after day, hoping it would pay off, and damn it takes a life time, plus all the winnings I got from the free roll I would just go gamble it away again. Hoping to win a quarter of my money back. I was starting to feel like I was never going to get anything back, then one day I had actually won that $200.00 that they say you could win every hour. So I honestly think freebitcoin is a honest and fair site because you play at your own risk really. If you burn up all your money that’s your fault. Just be smart about it and you can actually make some money on that site.
YesFreebitcoScam
roBot behind auto play are set in such way at same time 3 bot will lost grab your satoshi in fraction of seconds. All money all satoshi loss u only realize to stop bet by the team your insufficient balance. Check you history page and you will see how freebitco plan to loot you.
Its like you are wrestling in arena with 3 hulk people and u are nothing.
Dont play freebitco its scam in such way it grabs all money. It doesn’t have bet speed limit to control. More you invest more u loose. Spread this message like fire and let the burglar freebitco to realize there are real scammer.
Justin Tyme
All of the people saying that this website is “so great and fair” just because they got a payout don’t understand math or really just work for Freebitco.in and are making false reviews so they can keep on cheating you.
If you get a payout at the withdrawal minimum (0.0003 BTC) after a month or two of work and bitcoin is priced at $7500. Well, big spender – you just made a whopping $2.25 US dollars. Wow. That’s all it takes to buy your trust and write reviews?
So, you start thinking you’re gonna chance it on “Multiply BTC” game then? Try this and tell me it’s not fixed. After all, the people saying all those great things and leaving 5 stars end up saying things like “the averages will eventually work out” Please. Give me a break.
Here’s proof that BS ain’t true here.
Go to AUTOBET or the MULTIPLY BTC and set the “BET ODDS” at 95. With the enormous spread they have, you’ll have the winning odds of 1 out of 100 (1%)
Now, just leave the bet at the minimum amount (0.00000001) and spin. Do this 1000 times. At 1%, you should win 10 times.
Go ahead, try it. You won’t win 10 times.
Do the same thing with 10,000 spins. Watch what happens. You lose again. I’m not talking about the odds already in place that you bet one Satoshi one hundred times and only get back 95 per winning roll because of the spread, the win percentage is fixed much higher in their favor.
Still think it pays off “in the long run?” No, it doesn’t. And they take more than just their 5 percentage points. For crap’s sake, look at the website stats. Almost 250,000 Bitcoin wagered, only 150,000 Bitcoin paid out. Hmmmm. That’s 40% difference. That’s a lot of money.
Last thing. You people saying “their great” and “honest” and the rest of that, you do realize they don’t watch you say that and then make your account win more, right? There is no payoff. One withdrawal that puts $2 in your pocket after 6 or 8 weeks of work? They’re sitting back and laughing.
It only took $2 to buy you.
LOL. It took way more than 2 dollars. I paid $999 to buy Freebit.co.in and then I made $10,000 in bitcoin from it.