Author

Topic: WARNING! "Free bitcoins" are not free (Read 826 times)

hero member
Activity: 524
Merit: 502
March 09, 2013, 07:08:17 PM
#4
at ABitback.com you can choose when to withdraw and how much. Withdraw bitcoin or mt.gox cash even.
legendary
Activity: 1358
Merit: 1002
March 09, 2013, 06:55:20 PM
#3
At Free.BTC.pt we only process withdrawals when users ask for them and we send them on one single tx when the total amount of all pending withdrawals is at least 0.1BTC, so feel free to use it Grin Grin
newbie
Activity: 38
Merit: 0
March 09, 2013, 06:54:46 PM
#2
How much should a person save up to make it worth it?  And avoid loosing money.
hero member
Activity: 740
Merit: 500
Hello world!
March 09, 2013, 06:49:55 PM
#1
The many sites and services that will send you tiny amounts of bitcoins are NOT free!

The reason is, that sending the bitcoins again will cost more in fees that the received bitcoins are worth.

This is because the size of the transaction you are trying to make if you want to send these tiny amounts will be massive, and thus require a large fee.

In other words, it is free to receive these tiny amounts of bitcoins, but it will cost you more bitcoins to send them, than they are worth themselves.

This means that you will lose money trying to spend these tiny transactions!

(Some of the faucets will allow you to save up some payouts before paying out, so do that if possible.)
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