Freebitcoin is one of the oldest crypto earning sites (if not the oldest) out there. In this article I will review if it is still worth your time to generate a decent amount of satoshis. The main focus will be:
- Time-consume: it is not worth spending hundreds of hours in a site to get a few pennies.
- Scalability: Most faucets will reward you with a fixed satoshi amount that can't be upgraded. I prefer sites and apps that allow you to have some kind of progression on your gains.
Earning Features:
Freebitcoin has multiple earning features, but I will center this post on the ones I judge more important in order to maximize your earnings on the site.
REWARDS POINTS
The reward points are one of Freebitco.in best features. When they are running the weekly reward points promotion, you get RP for every faucet roll you make, with a minimum of 2 RP and a maximum of 10 RP. When you get 100,000 points, you will receive 100,000 satoshi in exchange for them in bitcoin. You have the option of exchanging them for rewards. You have the option to exchange them for bonuses that, up to a maximum of 1000 percent, will boost the number of satoshi you receive for each claim.
WHEEL OF FORTUNE
When you register in freebitcoin every day they will mail you a code for a free spin of the wheel of fortune, here you can win from 50 btc satoshis as base reward (at the date i am publishing this article) to 5000 satoshis, a $500 dollars Amazon card or a Rolex watch. I claim my free spin every day and the max reward I have obtained was 5000 satoshis on one occasion and a couple of times 500 satoshis.
Also, in the site you have the possibility to change your rewards points for WOF tickets, you can exchange from 1 ticket to a maximum of 100 tickets based on your betting amount. You can play multiply btc and bet on sports events to increase your daily exchange limit.
FREE BTC
Freebitcoin faucet allows you to claim an amount from 3 satoshis to 200 dollars (a 1 out of 10000 chance) worth of btc every 1 hour, based on the number you spin. I have researched, and the system seems to be fair. In my experience the maximum amount I claimed was 300 satoshis on a couple of occasions.
You can increase your free btc rewards betting on the site. A common question among users is why the percentage to their next level bonus keeps going down. This is because every time you claim the faucet a fixed percentage amount is subtracted from your level. Nevertheless, if you bet big amounts this will not affect your level.
MULTIPLY BTC
Here you can bet with your balance. You will get 1 free lottery ticket and 1 reward point for every 0.00000500 BTC that you wager.
NOTE: Freebitcoin dice game house edge is one of the highest in online casinos, so i don't recommend using multiply feature without a solid strategy.
Once a week a bonus reward points promotion takes place. This is the moment I recommend to play multiply btc and level your wager amounts.
Freebitcoin also offers multiply btc bonuses. The multiply bonus works in the following manner:
- When you claim a bonus, an equivalent amount is deducted from your account balance and the amount+bonus is transferred to a bonus account. For example, if you claim a bonus of 0.001 BTC, an additional 0.001 BTC will be deducted from your account balance and your bonus account will have a balance of 0.002 BTC.
- The balance in your bonus account needs to be wagered 25 times in the MULTIPLY BTC game before it is credited to your main balance. In the above example, you need to wager 0.05 (0.002*25) BTC before the balance in your bonus account is transferred to your main account.
There are contradictory opinions about the convenience of using these bonuses. My take is: YES, use it. Its basically free money you can bet to accumulate rewards points. But make sure to have a solid betting strategy (no 100x roll dices) or you will bust your hole balance. If you proceed with caution you will deplete the bonus amount before wagering the 25 times requirement, but you can keep playing with the free satoshis you get from the faucet and obtaining rewards points until you reach the bonus wagering requirement (this will take some time, so you must be patient).
EVENT BETTING
You can bet on the latest events against other users and win a share of the prize pool if you pick the winner. Freebitcoin betting utilizes a parimutuel system: Instead of placing wagers against the bookmaker, you're placing wagers against other bettors who have placed wagers on the same event. All wagers go into a pool, and the pool is shared equally between those who make the winning selection.
For this reason odds may vary a lot from other online casinos with a traditional bookmaker system.
A key feature here is the time weight multiplier. I will not expand in the math behind this multiplier but a simple explanation about it is that the earliest you wager on an event a larger share of the prize pool you will get. So make sure to place your bets as soon as the market is available.
Conclusion: Freebitcoin is still a solid crypto earning site. It will not make you millionaire on the start, and you will be gaining a couple of hundreds satoshis daily as much. But it is not a lot of time-consuming, a key factor when evaluating this kind of site. Also, it has a great SCALABILITY potential if you are patient and grind your way accumulating large wager amounts and reward points to exchange for various bonuses and take part in their monthly contests.
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