Topic: Freebitco.in as a wallet? (Read 5855 times)

Verification of the balance of funds FreeBitco.in holds to back users accounts. Here are links to a signed message from wetsuit, verifying the FreeBitco.in bitcoin address and a link to the balance, via blockchain.info.

1. Signed message verifying address 1Fu3iBR2EMQWeYGi3XvrPmcPUkne8ZWj9h belongs to wetsuit/FreeBitco.in. http://www.coinig.com/?adr=1Fu3iBR2EMQWeYGi3XvrPmcPUkne8ZWj9h&msg=Address+controlled+by+wetsuit%2Ffreebitco.in&sig=HIsNlN9p%2FLBd%2FmU4KaooHzPqrpo000LfXZcj%2BLli%2F1JzTc7j2S7T1Rmone5LDFSLeQLvTU1dkbMulDKW6u6EWic%3D

2. Wallet balance via Blockchain.info: https://blockchain.info/address/1Fu3iBR2EMQWeYGi3XvrPmcPUkne8ZWj9h

Recently, someone raised concern that the previous FreeBitco.in address was empty. Funds were move to a new address and now you all can verify the balance. This wallet should contain 90% of user balances at any give time.

If you have any questions - feel free to list them here or PM me.

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Next time, they will put "Balance should be 10 btc before you can withdraw".
Good luck to those that are prepare if they will lose their btc.

On my side I would like freedoge.co.in to propose that. The site is poor compared to freebitco.in.


Ah, ah ! Don't fall in the trap ! 

Why the cold storage address is getting empty??? Are they changing it or what?

The biggest temptation if i use freebitco.in as a wallet is i can't avoid to play hi lo 

Question :When will the transfer to other wallets be made available ? Any ETA ?

I know you all have been waiting a while for this news, thank you for your patience!

You can now exchange your Bitcoin Gold for Bitcoin on the FreeBitco.in site. Soon we will also allow you to exchange that Bitcoin Gold to another wallet, if you don't wish to exchange it. The details on how to conduct the exchange are below and you can find the link prominently displayed on the Free BTC menu page within your account.

If you have any questions - feel free to list them here or PM me.

We did keep some balance with FreeBitco.in and indeed received interest on it.
Withdrawals are available on an instant basis, so if you are concerned FreeBitco.in would collapse in the next hour just withdraw your funds now.

FreeBitco.in can be an excellent source to store a certain amount there ....
You are not supposed to keep your life savings in one place, you should always diversify.

So if you got $10, $100, $1000 - up to your financial ability - which you can afford to keep aside - then by all means keep it with them and enjoy the 4% annual rate.

Whatever you do - good luck with your choices!

PS those of you who say Coinbase is safer than FreeBitco.in are probably living in OZ land ... Coinbase is not user friendly as FreeBitco.in, simply not ... if you use a Blockchain wallet then that is probably safer than both options - but go to BuySellAds and you would see Blockchain.info selling ad space on their site - so they can disappear as well or they are much more prone to regulation ... so in the end of the day there is no black & white ... what's today is good for you can drastically change tomorrow.

The fact the 4% interest is paid on a daily basis with no contract is a no brainer by all means.
Only haters can say no to that, and it's not even our site and yet we do stay behind them in regards to this feature.

Do any of you know a bitcoin cash (BCH) wallet that gives you interests like freebitco.in???


I trust my bitcoins to freebitco.in and i get interests, but i need a BCH wallet too.


I wish freebitco.in supports bch soon.

To address questions about solvency and security:

This is our cold storage address: https://www.blocktrail.com/BTC/address/12Q18uwjHJo13UCws46xKyyeuZomZwdywB (3,003 BTC)

Signed message: http://www.coinig.com/?adr=12Q18uwjHJo13UCws46xKyyeuZomZwdywB&msg=Bitcoin+address+owned+by+bitcointalk+user+wetsuit&sig=G0MOX5pavwdw260GHWeOfiL14on8%2FwF6A8gcFTxyPCxbBJMzT5aN%2Fya%2BFLAhwE9y1f6HitkmqOeDaLWdYZZpCt0%3D

Mining address: https://www.blocktrail.com/BTC/address/176sh81PQupUsFyX6hNL2PTYydSuL7Wu73 (currently 376 BTC)

Signed message: http://www.coinig.com/?adr=176sh81PQupUsFyX6hNL2PTYydSuL7Wu73&msg=This+is+the+FreeBitco.in+mining+address+where+payouts+from+our+mining+operation+are+received.&sig=G%2F9zZX%2BeSDxwZ78L9IIpEabi2BDdzAH67%2FmGRxozOsSdWxWhunooqPEBlEVKdkS735hN%2FAbYTXssD57TLsrSO5k%3D

Section from the EARN BTC page on the website specifying how we store coins:

That still doesn't give you guarantee that they won't scam or anything, even the biggest and reputable websites did it in the past.
I personally only trust my coins to be in an offline wallet if not actively investing them

Point is : since there are no rules in this, we only can trust on good intentions. And as in all money questions declared intentions and real behaviour can be a totally different situation... .

@BitHodler, I didn't see your question until you called it out to me today. Thanks for letting me know that it was hanging out there.

Did you see the proof of bitcoin balance in Wetsuit's FreeBitco.in wallet? (If not I'll reference that post in this thread). That balance demonstrates the "cash on hand" and at this time exceeds 3000BTC. What it doesn't discuss is the total of all balances, the liabilities. I'm not sure that it's appropriate to share that number because it's confidential to the business. But, I'll bring it up with Wetsuit to see if it would be appropriate to share.

Additionally, are any other faucets or online wallets sharing that the amount of their bitcoin reserves and the value of all the account balances held on their platform?


Here's your question for everyone to reference:

Have you looked at the bitcoin address linked to their mining operation? How many banks, do you know of that would be able to pay out everyone,

if there are a run to the banks? I can tell you... ZERO. Banks close their doors when that happens.... like it did when it happened in Greece. So

let's be fair... when we make statements like this.... given enough time.. they will pay out everything that was deposited. 

Even though they are a very trusted faucet operator, I still wouldn't store my private key on their online wallet. The operators can easily run away with everyone's money if they wish to do so, so why take the risk when sites like blockchain.info exist ?

Maybe i will give a try in the future freebitco. in as wallet five years from now grow some deposit with fair interest and no withdrawal fees. 

Freebitcoin offers around 50 % affiliate share and comes with multiple and automated tools. Its a must have wallet if its true as you can not only store but increase your sum.

He 's looking for the answer, seems to take some time... .

@Myfe, why did you take the time to respond to other posts, while you completely ignored mine?

Is it because you know that there aren't any liquid funds to support everyone cashing out at once? Because after all, the funds that people invest/store with freebitcoin, get invested and used to supply the bankroll.

That's why it's an important question.