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Topic: Freebitco.in as a wallet? - page 4. (Read 5855 times)

hero member
Activity: 1232
Merit: 503
May 21, 2017, 08:54:27 AM
#52
how much daily interest do freebitco.in offers if its quiet good i would store my bitcoins there i would trust the website beside they have have 2 factor and the site is been on for a quiet while and i can even gamble there which is nice
hero member
Activity: 630
Merit: 500
May 21, 2017, 05:09:16 AM
#51
Freebitco.in has SSL and 2 factor authentications also maintains 99% up time.
What else you need to consider them as a safe web wallet ? Do not compare it with other existing wallets. All the existing wallets are not providing same set of security features.

Do they share private key or detailed bitcoin transaction to their users. If they don't, freebitco.in is similar with Xapo and Coinbase which also have SSL, 2FA and don't share private key Roll Eyes
yes, they dont share private key but using the freebitco.in is okay if you dont need features like blockchain.info. They are not really a wallet service so if you want to withdraw you cant withdraw some portion of the money, it will withdraw all to your wallet. You cant use it to send it to other person as it will withdraw to ur own wallet only .
Its not a good idea to use freebitco.in since its a faucet site. we you use it as wallet we do not know if they can stay alive for a long time they only have faucet and lottery and dice game other than that i think we can't see that they can stay for long time..
Since they only have 1 advertisement that can sustain there site to stay long..
The only thing that i can suggest better to use a real wallet  like ethereum maybe good too use also are coinbase for webwallet but the new theme  i think they have bugs due to can't make any sign of the address..
Freebitco.in is mostly known as faucet site so it will more reasonable if our activity only gambling purpose. Yes, its more popular, trusted since it alive but that's not mean we need to put all our money only for receiving interest or others. That's not make a sense.

I also agree that freebitco is one of the best faucets and it is paying on time from many years but now they are paying interest to the members who is maintaining the balance. But completely I don't have positive opinion on freebitco because we don't know what is going to happen in future.

Their reputation as faucet is quitely good for quite years but i don't know if they will be good also interms of becaming our alternative wallet. And although theirs an interest upon staking at them but the question there is where do the interest came from? maybe they can escalate to tell us on how those thing works at their site.

Maybe their are some guys their thinks that freebitco.in well be a nicest wallet for them if they would used it since it can give them some interest if we will put some BTC on their but they doesn't aware on the risk they are facing on since any reputable site can be turned down if the accumulated money will be so huge.

And better if we just leave this site as faucet and don't ever think that it could be our second option on everything.
legendary
Activity: 2758
Merit: 1228
May 21, 2017, 05:03:01 AM
#50
Freebitco.in has SSL and 2 factor authentications also maintains 99% up time.
What else you need to consider them as a safe web wallet ? Do not compare it with other existing wallets. All the existing wallets are not providing same set of security features.

Do they share private key or detailed bitcoin transaction to their users. If they don't, freebitco.in is similar with Xapo and Coinbase which also have SSL, 2FA and don't share private key Roll Eyes
yes, they dont share private key but using the freebitco.in is okay if you dont need features like blockchain.info. They are not really a wallet service so if you want to withdraw you cant withdraw some portion of the money, it will withdraw all to your wallet. You cant use it to send it to other person as it will withdraw to ur own wallet only .
Its not a good idea to use freebitco.in since its a faucet site. we you use it as wallet we do not know if they can stay alive for a long time they only have faucet and lottery and dice game other than that i think we can't see that they can stay for long time..
Since they only have 1 advertisement that can sustain there site to stay long..
The only thing that i can suggest better to use a real wallet  like ethereum maybe good too use also are coinbase for webwallet but the new theme  i think they have bugs due to can't make any sign of the address..
Freebitco.in is mostly known as faucet site so it will more reasonable if our activity only gambling purpose. Yes, its more popular, trusted since it alive but that's not mean we need to put all our money only for receiving interest or others. That's not make a sense.

I also agree that freebitco is one of the best faucets and it is paying on time from many years but now they are paying interest to the members who is maintaining the balance. But completely I don't have positive opinion on freebitco because we don't know what is going to happen in future.

Their reputation as faucet is quitely good for quite years but i don't know if they will be good also interms of becaming our alternative wallet. And although theirs an interest upon staking at them but the question there is where do the interest came from? maybe they can escalate to tell us on how those thing works at their site.
sr. member
Activity: 652
Merit: 257
May 21, 2017, 03:30:32 AM
#49
FreeBitco.in is one of my favorite faucets. They have an awesome system going on and I don't mind keep a portion of my BTC there to earn interest.

Also they have a badass referral system (link in sig). You can earn from daily claims, interest and dice rolls.
legendary
Activity: 1302
Merit: 1000
May 21, 2017, 02:51:49 AM
#48
Freebitco.in has SSL and 2 factor authentications also maintains 99% up time.
What else you need to consider them as a safe web wallet ? Do not compare it with other existing wallets. All the existing wallets are not providing same set of security features.

Do they share private key or detailed bitcoin transaction to their users. If they don't, freebitco.in is similar with Xapo and Coinbase which also have SSL, 2FA and don't share private key Roll Eyes
yes, they dont share private key but using the freebitco.in is okay if you dont need features like blockchain.info. They are not really a wallet service so if you want to withdraw you cant withdraw some portion of the money, it will withdraw all to your wallet. You cant use it to send it to other person as it will withdraw to ur own wallet only .
Its not a good idea to use freebitco.in since its a faucet site. we you use it as wallet we do not know if they can stay alive for a long time they only have faucet and lottery and dice game other than that i think we can't see that they can stay for long time..
Since they only have 1 advertisement that can sustain there site to stay long..
The only thing that i can suggest better to use a real wallet  like ethereum maybe good too use also are coinbase for webwallet but the new theme  i think they have bugs due to can't make any sign of the address..
Freebitco.in is mostly known as faucet site so it will more reasonable if our activity only gambling purpose. Yes, its more popular, trusted since it alive but that's not mean we need to put all our money only for receiving interest or others. That's not make a sense.

I also agree that freebitco is one of the best faucets and it is paying on time from many years but now they are paying interest to the members who is maintaining the balance. But completely I don't have positive opinion on freebitco because we don't know what is going to happen in future.
member
Activity: 84
Merit: 10
May 21, 2017, 01:40:33 AM
#47
Freebitco.in now pay interest,you can collect point and buy different bonuses also you can participate in lottery.I think is the most complex faucet.
hero member
Activity: 924
Merit: 506
May 20, 2017, 11:48:21 PM
#46
I don't have any problem depositing there and even receive some interest but my issue is with myself as I can't control myself when I see the option to play dice HI or LO and every time I did deposit there I lost eventually, however if they provide me with private keys to the addresses generated in their site I might consider depositing 0.5BTC but if I were to deposit 100 or more bitcoins just for the interest? no way.
Besides you could even manipulate the fee in blockchain.info not to mention electrum.
hero member
Activity: 868
Merit: 504
May 20, 2017, 10:55:17 PM
#45
Freebitco.in has SSL and 2 factor authentications also maintains 99% up time.
What else you need to consider them as a safe web wallet ? Do not compare it with other existing wallets. All the existing wallets are not providing same set of security features.

Do they share private key or detailed bitcoin transaction to their users. If they don't, freebitco.in is similar with Xapo and Coinbase which also have SSL, 2FA and don't share private key Roll Eyes
yes, they dont share private key but using the freebitco.in is okay if you dont need features like blockchain.info. They are not really a wallet service so if you want to withdraw you cant withdraw some portion of the money, it will withdraw all to your wallet. You cant use it to send it to other person as it will withdraw to ur own wallet only .
Its not a good idea to use freebitco.in since its a faucet site. we you use it as wallet we do not know if they can stay alive for a long time they only have faucet and lottery and dice game other than that i think we can't see that they can stay for long time..
Since they only have 1 advertisement that can sustain there site to stay long..
The only thing that i can suggest better to use a real wallet  like ethereum maybe good too use also are coinbase for webwallet but the new theme  i think they have bugs due to can't make any sign of the address..
Freebitco.in is mostly known as faucet site so it will more reasonable if our activity only gambling purpose. Yes, its more popular, trusted since it alive but that's not mean we need to put all our money only for receiving interest or others. That's not make a sense.
legendary
Activity: 3374
Merit: 3095
BTC price road to $80k
May 20, 2017, 07:16:13 PM
#44
Freebitco.in has SSL and 2 factor authentications also maintains 99% up time.
What else you need to consider them as a safe web wallet ? Do not compare it with other existing wallets. All the existing wallets are not providing same set of security features.

Do they share private key or detailed bitcoin transaction to their users. If they don't, freebitco.in is similar with Xapo and Coinbase which also have SSL, 2FA and don't share private key Roll Eyes
yes, they dont share private key but using the freebitco.in is okay if you dont need features like blockchain.info. They are not really a wallet service so if you want to withdraw you cant withdraw some portion of the money, it will withdraw all to your wallet. You cant use it to send it to other person as it will withdraw to ur own wallet only .
Its not a good idea to use freebitco.in since its a faucet site. we you use it as wallet we do not know if they can stay alive for a long time they only have faucet and lottery and dice game other than that i think we can't see that they can stay for long time..
Since they only have 1 advertisement that can sustain there site to stay long..
The only thing that i can suggest better to use a real wallet  like ethereum maybe good too use also are coinbase for webwallet but the new theme  i think they have bugs due to can't make any sign of the address..
hero member
Activity: 700
Merit: 500
May 20, 2017, 03:59:13 PM
#43
Freebitco.in has SSL and 2 factor authentications also maintains 99% up time.
What else you need to consider them as a safe web wallet ? Do not compare it with other existing wallets. All the existing wallets are not providing same set of security features.

Do they share private key or detailed bitcoin transaction to their users. If they don't, freebitco.in is similar with Xapo and Coinbase which also have SSL, 2FA and don't share private key Roll Eyes
Yes, they do not share private key but using the freebitco.in is okay if you do not need features like blockchain.info. They are not really a wallet service so if you want to withdraw you cant withdraw some portion of the money, it will withdraw all to your wallet. You cant use it to send it to other person as it will withdraw to your own wallet only.
hero member
Activity: 644
Merit: 500
Transact Safer / Chase Better
May 20, 2017, 05:52:16 AM
#42
Freebitco.in has SSL and 2 factor authentications also maintains 99% up time.
What else you need to consider them as a safe web wallet ? Do not compare it with other existing wallets. All the existing wallets are not providing same set of security features.

Do they share private key or detailed bitcoin transaction to their users. If they don't, freebitco.in is similar with Xapo and Coinbase which also have SSL, 2FA and don't share private key Roll Eyes

No one will share their private key for bitcoin transaction to members but Freebitco is completely different from the other wallets like Xapo and coin base. Recently they started sharing an interest for the members who are maintaining their balance in the wallets but nobody don't how long this can sustain.
legendary
Activity: 3248
Merit: 1179
May 20, 2017, 04:07:49 AM
#41
Freebitco.in has SSL and 2 factor authentications also maintains 99% up time.
What else you need to consider them as a safe web wallet ? Do not compare it with other existing wallets. All the existing wallets are not providing same set of security features.

Do they share private key or detailed bitcoin transaction to their users. If they don't, freebitco.in is similar with Xapo and Coinbase which also have SSL, 2FA and don't share private key Roll Eyes

You are right but xapo and coinbase don't pay interest for holding your coins. Freebitco.in is one of my first faucets, and they are still here, with this upgrades in this year they offer something new and time will tell how much will people be interested in this kind of service.
I don't have my money there, and 4% year interest is not for my little amounts, but as I said time will tell will they grow in some bank or wallet, this is a free world and they ate making progress I wish them luck.
hero member
Activity: 1036
Merit: 500
May 20, 2017, 03:03:10 AM
#40
Freebitco.in has SSL and 2 factor authentications also maintains 99% up time.
What else you need to consider them as a safe web wallet ? Do not compare it with other existing wallets. All the existing wallets are not providing same set of security features.
legendary
Activity: 3654
Merit: 1165
www.Crypto.Games: Multiple coins, multiple games
May 20, 2017, 02:57:50 AM
#39
There is literally no need to use freebitco.in as a wallet, they advertise as good wallet because their transaction fee will be higher than other wallets use.

Please don't make accusations in the absence of facts. This claim just ins't true.

Our transaction fees are competitive, in fact we offer two different withdrawal transaction types. I think I mentioned them in a previous post on this thread, but I'll explain them again:
  • Normal: transactions are always sent with an appropriate fee for fast confirmations
  • Slow: a very low transaction fee with a longer confirmation time, for the transactions where speed isn't a priority
Yes, I can understand. As per current bitcoin tx fee trends, we cannot blame any wallet service providers for letting us to pay higher fees. Because yesterday's optimum priority fee becomes today's low priority fee and to make sure to get quick confirmation wallet providers need to be in average of low and high priority fees.

I read blockchain.info is not loading any of wallet information into their server without encrypting. All wallet related sensitive information are encrypted within client-side browser itself. Do you maintain any similar protection for better security so that we can be sure further to think about using freebitco.in as another web wallet.
hero member
Activity: 966
Merit: 515
One of the world's leading Bitcoin-powered casinos
May 19, 2017, 11:49:38 PM
#38
This is the newest announcement on their site:


For a long time they have been offering bitcoin faucet and some time ago new features were added like daily interest as you may already know. Do you think they are trusted enough to hold bitcoins on their website?
I think you made some misunderstanding with yobiy.net exchange because here I am looking that the yobit.net is giving more interest then freebitco.in and also we can use the code system for the transfer of Bitcoin from one yobit account to another yobit account without any charge so here I would like to use yobit where I can trade with my Bitcoin and also can make transfer from one yobit  account to another without any transaction charge .
So here I can't give priority for the use of frerbitco.in , and also if we can pay the fee 200+ sat/ byte then we can easily get confirmation within the 15 minutes to 1 hours .
sr. member
Activity: 476
Merit: 255
May 19, 2017, 11:26:25 PM
#37
They are started to investing money in mining business so all these stored coins they may move to that business and we all know how risky mining business. Even though we are not directly involved in mining but if site losses big amount then surely it will impact on all the users.

A very valid concern.

If you're concerned about solvency, about us having enough funds to cover deposits you can check the balance of FreeBitco.in's wallet. Here's just a little something to prove that we don't really "need" the investments: http://www.coinig.com/?adr=12Q18uwjHJo13UCws46xKyyeuZomZwdywB&msg=Bitcoin+address+owned+by+bitcointalk+user+wetsuit&sig=G0MOX5pavwdw260GHWeOfiL14on8%2FwF6A8gcFTxyPCxbBJMzT5aN%2Fya%2BFLAhwE9y1f6HitkmqOeDaLWdYZZpCt0%3D

Take the verified bitcoin address in the link above to https://blockchain.info/ to check the balance, and therefore FreeBitco.in's solvency.


There is literally no need to use freebitco.in as a wallet, they advertise as good wallet because their transaction fee will be higher than other wallets use.

Please don't make accusations in the absence of facts. This claim just ins't true.

Our transaction fees are competitive, in fact we offer two different withdrawal transaction types. I think I mentioned them in a previous post on this thread, but I'll explain them again:
  • Normal: transactions are always sent with an appropriate fee for fast confirmations
  • Slow: a very low transaction fee with a longer confirmation time, for the transactions where speed isn't a priority

Keep the questions coming, i'm here!
hero member
Activity: 1190
Merit: 525
CryptoTalk.Org - Get Paid for every Post!
May 19, 2017, 11:09:45 PM
#36
There is literally no need to use freebitco.in as a wallet, they advertise as good wallet because their transaction fee will be higher than other wallets use.
Which is totally bullshit, because you can use your own custom transaction fee with most other wallets, even other online wallets  i.e blockchain.info  allow you to set your own fee.
If I had to pick one online wallet and use it, feebitco.io would be way down on my list of good wallets.

But you receive passive income just by letting your money laid there. Small income, but better than another online wallets which doesn't provide any daily income... Online services always present risk, but Freebitco.in is alive since 2013 and there aren't complaiments about their service. I believe the risk you take by using another online wallets is the same risk you take by using Freebitco.in as wallet.
legendary
Activity: 1400
Merit: 1001
May 19, 2017, 07:36:31 PM
#35
There is literally no need to use freebitco.in as a wallet, they advertise as good wallet because their transaction fee will be higher than other wallets use.
Which is totally bullshit, because you can use your own custom transaction fee with most other wallets, even other online wallets  i.e blockchain.info  allow you to set your own fee.
If I had to pick one online wallet and use it, feebitco.io would be way down on my list of good wallets.
sr. member
Activity: 448
Merit: 250
May 19, 2017, 11:43:55 AM
#34
I can say that i will not store my bitcoin here because they are third party so they can still close enought o send our bitcoin. Well as of now they our trusted since 2014 and not having some bad feedbacks as of now. Much better to use Electrum or any trusted here enough of many users
hero member
Activity: 630
Merit: 500
May 19, 2017, 05:08:14 AM
#33
i will not trust that site as my wallet, we don't have any access to their wallet they only third party who can stole our money without any announcement lol, freebitco.in is only faucet to get small bitcoin so i don't think it will good to be a wallet

That is correct. They are started to investing money in mining business so all these stored coins they may move to that business and we all know how risky mining business. Even though we are not directly involved in mining but if site losses big amount then surely it will impact on all the users. Also, it is gambling site so not recommended to keep your coins on any gambling site. Don't fall on those small interest they offer on your coins, just keep your coins with you safely.

For those people who already made it then better they must think the risk they are facing of since as far as we know freebitco.in is just a faucet/gambling site and not a wallet! And how could people think that they can make it as alternative one while in reality we have so many trusted wallets who existed right now so its useless to think on why we would trust them for handling our main balance.
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