At the time we did this freebitco.in review, the site posted that it had more than 2.6 million registered users, more than 26.67 billion games have been played on it, and nearly 50,000 bitcoins have already been won by the site’s players. We’re not really sure what to make of these claims. The number of games in particular, at more than 26.67 billion, is somewhat ludicrous. Freebitcoin started in 2013 so this number of games does not seem very plausible even if the claimed 2.6 million registered users is true.
Of course, we’re not belittling this BTC gambling site. We just have some reservations in believing the numbers being pitched on the homepage, especially because they don’t appear to be consistent. We tried loading the site in another computer in a different location and we found that the numbers shown are no longer the same. Still, we are objectively scrutinizing Freebitco here, with the goal of finding out whether or not this site is really something you should be signing up with.
There are two main games offered on FreeBitcoin: Multiply BTC and Lottery. There are actually three games here, the third one being the Free Play or Free BTC game, but for this Freebitco.in review, we think it would be more appropriate to consider the Free Play as the bitcoin faucet since playing it does not really have the feel of playing an actual bitcoin betting game. It’s more like taking your chance to get free bitcoins that you can use later on in the major games. The idea here is that you can play the hourly Free BTC to win up to 200 USD worth of bitcoins so you can have bitcoins to use in the two main games.
Multiply BTC is referred to as a provably fair Hi-Lo game. It is a game wherein you “Bet Hi” or “Bet Lo.” This game offers a high maximum profit of up to 40 BTC.
Despite the “hi-lo game” description, the mechanics of this game are actually comparable to the dice game Rollin.io except that you can’t directly determine the number(s) that will serve as the basis if your bet wins or loses. The basis number is a set of two numbers that change depending on the payout amount you set. By default, the payout is set at 2.00, which means that you will win if you Bet Hi and the result is higher than 5250 or you Bet Lo and the result is lower than 4750. You can change the payout value to any number between 1.01 and 4750. If you set the payout to the maximum of 4750, you will only win if you Bet Hi and the result is higher than 9998 or you Bet Lo and the result is lower than 2.
There’s nothing complicated in this game. If you have had experience in other online casino games, it should be easy figuring out how this game works. You just have to enter two numbers: your Bet Amount and the Payout or Win Chance. Once you enter these two numbers, the Win Profit, the game basis numbers, and the Payout/Win Chance (depending on which one you decided to set) are automatically adjusted.
The Lottery game on Freebitco.in is a weekly lottery draw with relatively big prizes. The prizes are indicated on the site. There are 10 prizes to be won. You may notice that the prizes here keep changing. The reason for this is that the prizes are continuously adjusted to reflect the fluctuating exchange rate between bitcoins and the US dollars. The biggest prize is fixed at 200 USD so the prizes need to be adjusted to reflect the equivalent bitcoin value.
Each ticket in the lottery game costs 0.00000013 BTC. You also automatically get 2 lottery tickets for every Free BTC roll you play.
Freebitco.in only uses bitcoins but the prizes mentioned on the site are stated in either USD ($) or BTC.
Making deposits on this site is similar to how it is done with most other bitcoin betting sites. Deposits are from wallet to wallet. The Deposit/Withdrawal interface is under the Profile page. Deposits are credited after 1 confirmation.
With the deposits, FreeBitco has a slightly different setup, albeit still under a wallet-to-wallet scheme. You can withdraw manually, you can have Auto Withdraw enabled, or you can use the Instant Withdraw option.
Manual withdrawals usually take around 6 hours to be completed. There is a minimum withdrawal limit of 0.00010400 BTC. A fee of 0.00000400 BTC will then be charged as a deduction from the amount you withdraw.
The Auto Withdraw feature sends your account balance automatically to your bitcoin wallet on Sundays. You will receive an email regarding the automatic withdrawal every time a transfer has been successfully completed. With Auto Withdraw, you may have to wait longer before you can get your bitcoins but you can enjoy the advantage of not having to pay for the transaction fee. FreBitcoin shoulders the transaction fee when you choose Auto Withdraw.
Intant Withdraw, on the other hand, has a slightly higher minimum withdrawal limit (compared to manual) at 0.00041000 BTC. However, you can get your bitcoins faster since the transaction is supposed to take only 15 minutes. If you choose this withdrawal option, you will also have to pay a higher transaction fee of 0.00031000 BTC.