Frequently Asked Questions
Free Bitcoin
What Is FreeBitco.in?
FreeBitco.in is an online bitcoin faucet founded in 2013 which enables users to earn up to $200 every hour along with other big contests and prizes. The most popular feature of FreeBitco.in is its provably fair HI-LO dice game, which is a simple way to multiply your bitcoins.
FreeBitco.in also has a comprehensive referral program where you can bring your friends to the website using your referral link and earn bonuses and lifetime commissions amounting to a whopping 50%.
The site is most popularly known as a bitcoin faucet where individuals can just sign up, log in, solve captchas every hour and earn bitcoin. There are no limits – you can earn up to $200 in BTC every hour at FreeBitco.in for life.
What Does FreeBitco.in Offer?
FreeBitco.in is loaded with features and contests like the Lamborghini Giveaway, the Daily Jackpot, the Weekly Lottery, the Monthly Contest, Parimutuel Betting, etc. You can also earn handsome commissions when your friends sign up using your referral link and play at FreeBitco.in.
The most used feature at FreeBitco.in is the bitcoin faucet just solving captchas earns you up to $200 in BTC every hour. The HI-LO dice game is also among the most popular features offered by FreeBitco.in. This HI-LO game is designed using a combination of both math and cryptography where all you need to do is bet HI or LO and multiply your bitcoins by up to 4,750 times.
How to Earn on FreeBitco.in?
Once you sign up at FreeBitco.in, you can play all their featured games and contests for free, earning yourself some free BTC or multiplying your Bitcoin holdings further. You don’t need to deposit anything, you don’t need a credit card, and you don’t even have to give your name – playing at FreeBitco.in is completely anonymous.
We’ve already talked about the HI-LO dice game, but FreeBitco.in also boasts a Betting section where you can bet your BTC on your favorite events and win. Sports, Entertainment, Bitcoin Price, and more bets are uploaded regularly for you to bet on.
Users that have more than 30,000 satoshi (0.00030000 BTC) in their FreeBitco.in account earn interest on their balance daily.
When you refer your friends to FreeBitco.in, and they start playing the HI-LO game and betting on events, you earn 0.40% of their wagers and 50% of their free rolls for life.
Is Free Bitcoin Legit?
Yes, FreeBitco.in is completely legit and the most reliable bitcoin faucet in the world. It has been providing free bitcoins to registered users since its inception in 2013. FreeBitco.in has already distributed a significant number of bitcoins to users as rewards for the free BTC feature on its website. You can effortlessly withdraw your FreeBitco.in balance to your bitcoin wallet too.
So, if you want to earn bitcoins online in a process that is completely free and open to everyone, then FreeBitco.in is the right choice for you. With 36 million registered users, FreeBitco.in is the best and most trusted faucet in the world for bitcoin enthusiasts. Cryptocurrency holders can double their bitcoins as well, and those who don’t hold any coins can earn their own BTC at FreeBitco.in.
Can FreeBitcoin Be Trusted?
Yes. FreeBitco.in is a trustworthy and legit bitcoin faucet and casino. The number of active users itself shows that it’s the best way to earn and multiply bitcoins from the comfort of your own home, without investing in expensive mining machinery and equipment. FreeBitco.in can also be accessed using a mobile browser, where a mobile-optimized version of the website offers you all the features as the desktop version.
It is advisable for you to secure your account with 2-factor authentication and to change your password to a strong one that contains at least 15 characters. But that goes for every website on the internet.
Your FreeBitco.in wallet is secure and can only be accessed using your email and password. 52 million users trust FreeBitco.in to keep their bitcoins safe while also helping them grow their holdings in the easiest ways possible.
BITCOIN FAQ
What is Bitcoin?
Bitcoin is an innovative payment network and a new kind of money.
Bitcoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of bitcoins is carried out collectively by the network. Bitcoin is open-source; its design is public, nobody owns or controls Bitcoin and everyone can take part. Through many of its unique properties, Bitcoin allows exciting uses that could not be covered by any previous payment system.
How does Bitcoin work?
From a user perspective, Bitcoin is nothing more than a mobile app or computer program that provides a personal Bitcoin wallet and allows a user to send and receive bitcoins with them. This is how Bitcoin works for most users.
Behind the scenes, the Bitcoin network is sharing a public ledger called the "block chain". This ledger contains every transaction ever processed, allowing a user’s computer to verify the validity of each transaction. The authenticity of each transaction is protected by digital signatures corresponding to the sending addresses, allowing all users to have full control over sending bitcoins from their own Bitcoin addresses. In addition, anyone can process transactions using the computing power of specialized hardware and earn a reward in bitcoins for this service. This is often called "mining". To learn more about Bitcoin, you can consult the dedicated page and the original paper.
Who created Bitcoin?
Bitcoin is the first implementation of a concept called "cryptocurrency", which was first described in 1998 by Wei Dai on the cypherpunks mailing list, suggesting the idea of a new form of money that uses cryptography to control its creation and transactions, rather than a central authority. The first Bitcoin specification and proof of concept was published in 2009 in a cryptography mailing list by Satoshi Nakamoto. Satoshi left the project in late 2010 without revealing much about himself. The community has since grown exponentially with many developers working on Bitcoin.
Satoshi’s anonymity often raised unjustified concerns, many of which are linked to misunderstanding of the open-source nature of Bitcoin. The Bitcoin protocol and software are published openly and any developer around the world can review the code or make their own modified version of the Bitcoin software. Just like current developers, Satoshi’s influence was limited to the changes he made being adopted by others and therefore he did not control Bitcoin. As such, the identity of Bitcoin’s inventor is probably as relevant today as the identity of the person who invented paper.
Who controls the Bitcoin network?
Nobody owns the Bitcoin network much like no one owns the technology behind email. Bitcoin is controlled by all Bitcoin users around the world. While developers are improving the software, they can’t force a change in the Bitcoin protocol because all users are free to choose what software and version they use. In order to stay compatible with each other, all users need to use software complying with the same rules. Bitcoin can only work correctly with a complete consensus among all users. Therefore, all users and developers have a strong incentive to protect this consensus.