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 $200 in free bitcoins every hour and then in the same paragraph, FreeBitco says if you play this game, you can win up to 1 Bitcoin each time you play. Then there is a weekly lottery for prizes. Players get a 50% referral commission when they encouraged their friends, family, and others to play. There are a few websites where people are actually advertising for more players.
Is Jackpocket a scam or is it legit?
Who Can Participate?
Though there is no information on who can or cannot play, the very nature of bitcoins suggests that anyone can join the games. Bitcoin is a currency that is not based in any country or by any authority. The exchange rate floats though the current rate of exchange is 1 Bitcoin is worth US$ 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.
john
about 1 week ago I did deposit bitcoin to my account in freebitcoin.in
yesterday when I enter on my account I saw my bitcoin was withdrawn by unknowing action, besides my account address has also been changed by unknowing action.
Wrong website.
serdhg1
Only ones that win here are the ones that have many referrals.
Yep, I have 6000 referrals. My daughter has 2000.
M.
Yes it is pure scam, 100-360 times missing on a row untill it sucks your bankroll are very common. I have seen it. In this way I got stolen for nearly 8,52 BTC and no not just in one day. In 9 months, so as you can see. It is rigged till the bones. Even in the casino you would have atleast 1 day you walk out with something descent. Also the lotterij. Yes dear. Every week (because of playing) I have over 500.000-2.000.000 lottery tickets. And i not even get something. Thats says enough. Time to Hack this site.
Chris M
This site has stolen over 1400 US dollars worth of bitcoin from my account and cannot log back in to access this. They do not reply to emails and do not care to just block your account. Do not risk it, I feel sites like this will create a downfall or a scared purchaser of bitcoin due to the scams. Do not waste your money here. They also did not pay out any of my winnings or interest lost everything with no communication BS.
Shaper
The Multiply HI/LO game is totally rigged in a way to make you win at first and then all of sudden rip you off. They say it’s based it’s an algorithm based on cryptography. I strongly do not believe so.
First the house edge is huge if you leave by default the odd at 2.00 it can be triggered several times in a row despite the fact that the vast majority of the roll will be either LO or HI.
Secondly, this is rigged. As soon as you possibly win a decent amount, there is something that it being triggered systematically to make you lose it all.
This is how I eventually invested 1.67BTC and turn it up to 7.53 BTC and all of sudden it was all gone with over 25 consecutive loss that obviously included house edge several times when the chance are extremely low with the default odd value.
I got a pay out of 0.006btc eventually once that I’ve made for checking sake to ensure they do really wire the payout, it seems they do but their multipy HI LO is clearly fucking rigged as hell. Make you win then make you lose it all unexpectedly and if you ever contact them they talk back to you like they take you for retards thinking we do not know probability and math. The game is clearly rigged and me and some other friends also noticed there are days that a more likely to drain all your BTC instantly, It almost feels like there is a bit of bank of satoshi available for the winning of Multiply BTC and as soon as this bank is close to be emptied, the algo changes and ensure to make you lose to every single roll you make regardless if you swap HI or LO or if you t=use the martingale strategy; they rip you off systematically. This is how I lost a huge quantity of BTC with them. 12 BTC and they have no problem replying to you with a one liner saying you only roll that much therefore chances are this or that. Complete rubbish. Why do you think most users recommend you to play a bit and then log out and clear your cookies etc? If this was a learning algo probably set and fair, you would not have to use such measures.
Advice for the ones who want to risk Multiply BTC as soon as you make a positive earning in your stat with multiply BTC, stop playing and enjoy free roll and withdraw because if you decided to leave it as savings, the temptation of using multiply BTC will be too high and you will lose everything, that is guaranteed.
As for the lottery it is very dodgy on how they operate, I went as high as having so many tickets that I reached 38% win rate chance a couple of minutes before the end of the time for the draw and I got the 8th prize which was obviously a blood piece of joke in comparison to all the BTC wagered and invested for it, a complete loss.
A second times, that was 3 weeks later, I also ended with millions of ticket and win rate chance higher than 20%, and guess what? 8th prize again! How the hell if it was really fair would I end up with the same ranked prize which is a ridiculous amount of satoshis when you see other users who are apparently winning the top 3 prize (between 0.1 to 2BTC) by having only playing sometimes under 100 tickets. I was also looking for those winners but we never managed to find any. It is very clear that the top 5 prizes of every single lottery draw are most likely bot accounts created by freebitco.in themselves.
If they were not suspicious and completely fair, they would mentioned the entirety of the users who won and the payout being made as well as the payout address but guess what? They shrink them all so you can’t really check.
they post some last 10 payout every now and then but you will notice its usually rarely very high amount of BTC (between 30k satoshi to rarely 1,2 BTC).
As for the wagering contest this is also a hint that something is going wrong. If you look at the wagering contest you’ll be shocked to death how come some players could have wagered over 300BTC within a month! Just as FYI I went as high as 100BTC wagered once and that did involve having close to 10BTC deposited or available in your balance. So its either big whale or staff of freebitco.in who wager all the earnings they make on daily basis so nobody gets the 10000$ reward. Other suspicious things are the user ID. Most of the times the winner are what seems to be very recent account created (over 6 digits leght). One would easily assume that old users having hoarding a lot of BTC would possibly be owning and ruling the contest due to their bigger reserve but that doesn’t seem to be the case at all.
Another evidence which I think will break anybody who trust they’re all clean and legit. They recently added a new contest with a Lamborghini at stake. You can either buy the gold ticket for 25k satoshi or you will one every time you wager 500k Satoshi with the multiply hi lo game or if you bet the same amount for the betting games.
Now look the very first day of the wagering contest for May and you will see already users who have wagered 11BTC. This information are refreshed very fast within a minute as soon as the change reached over 10000 satoshis.
If you still follow, you would understand that these users who wagered over 1BTC (even 10BTC) should technically already have up to 2000 golden ticket for that Lamborghini contest. Check the golden ticket page, you will be able to see that there are currently 0 total tickets played which mean only one thing… There are lots of fakes stats and fakes users on their website.
And they dare taking everyone for retards with their provably fair…
If I could I would hack the hell out of them and make them a very steep price for all the money and crypto they robbed to everyone. FBI should bloody arrest them all and lock their BTC and mining operations.