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
Anyone Can Play
Simple Game of Hi-Lo
Why You Shouldn’t Register with FreeBitco
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.