BITCOIN SAVINGS - FAQ

Your FreeBitco.in account is now also a bitcoin savings account!

Receive Compounded Daily Interest on any Balance that you Hold in Your FreeBitco.in account, SIMPLE !!

All  you need to do is maintain a balance of at least 30,000 satoshi (0.0003  BTC) in your FreeBitco.in account and we shall pay you compounded  interest on your full balance everyday. There is no lock-in period to  earn interest (you start earning interest right from the first day!) and  your balance can be withdrawn any time you wish. 

Please treat your  FreeBitco.in account like an instant-access savings account to hold your  

excess bitcoins and earn passive interest on your account balance  everyday.

We also pay you 25% referral commissions on any interest earned by your referrals!

Surf and Earn Bitcoin in the Daily Surfers Rewards Pool

We have increased the MULTIPLY BTC commissions from 0.25% to 0.40% of the amount that your referrals wager! Refer more users to play MULTIPLY BTC and start earning big!

How can I keep my account secure to protect my savings?

It  is extremely important that you secure your account if you decide to  hold a significant balance with us. Change your account password to a strong random one  with at least 15 characters and never ever share that password with  anyone or re-use it with another website or service. Then activate  2-factor authentication and write down the secret key on a piece of  paper to back it up since we do not reset 2-factor authentication under  any circumstances (you lose your phone, reset it etc.). Both of these  can be done by accessing the PROFILE page from the menu above.

How do you store bitcoins securely?

We use a combination of hot wallets, hardware wallets (Trezor) and BIP38 encrypted  paper wallets to store bitcoins. At no time do we keep more than 5% of  our total bitcoins in the hot wallet which is used for making payouts.  The hardware wallet is used as a "warm" wallet and bitcoins are  transferred from it to the hot wallet as required. Our paper wallets  serve as our "cold" storage with the wallets generated on an air-gapped  computer running Tails OS.  Our hardware and paper wallets are also secured against physical theft  as the hardware wallet requires a pin code and encryption password to  access and the private keys in the paper wallet are encrypted which  means that the coins in the wallet cannot be accessed without having  both the private key and the encryption password. We also keep physical  copies of the cold storage wallets at multiple locations.

Can I opt-out from receiving interest on my account balance?

Sure, you can do so under the DISABLE INTEREST option in the PROFILE page.

We [ being freebitco.in ] calculate the interest on your account balance and credit it at a random time daily. 

It has been considered that, if the interest were to be credited on a pre-determined schedule, individuals with malicious intent could possibly 'game the system' by coordinating deposit and withdrawal timings. 

Thus, in order to circumvent this potentiality, interest is calculated and credited at a random time every day.

Whenever you hold bitcoin in your freebitco.in account, we split it into 3 parts 

-  the first portion is used to cover user withdrawals

-  the second portion is used to bankroll our MULTIPLY BTC game

-  the third portion is utilised to  expand our bitcoin mining operation 

(which is currently 9.065 Petahashes or 0.007% of the hashpower supporting the bitcoin network {as at June 2021})

We [ being freebitco.in ]  make a  profit and assume the full risks of our businesses. Which in return for you as an individual saving your currency with us, we give you a risk-free fixed rate of  return.

Please, find a signed message within our bitcoin address, accessible from our site .

This is used to collect payments from our bitcoin mining operation. 

This  message can be verified on any bitcoin client to provide proof that we [ being freebitco.in ], actually do participate in bitcoin mining operations.

Not at all!  You commence earning daily interest upon reaching the minimum deposit required. 

There is no  lock-in period, and you can withdraw your bitcoins anytime you wish by using  the WITHDRAW button available on the the page. 

We [ being freebitco.in ] always keep enough  reserves to satisfy all withdrawals.

Yes indeed!  

We [ being freebitco.in ] pay you a 25% commission on any interest earned by your referrals.  

For example: - If your referral receives 100 satoshi per day in interest, you will get 25  satoshi credited to your account. Nice!!

We  may change the interest rate in the future if circumstances change.  

However, we shall communicate all rate changes at least 30 days in  advance via the website 

and our twitter account (https://twitter.com/freebitco).

We have been in business since 2013 and are one of the most popular bitcoin websites (check our Alexa rank here).  

Our users have deposited thousands of bitcoin and we have paid out  tens of thousands of bitcoin over the years. 

We have also published  proof of our mining operation above which can be used to monitor the  mining payments we receive. 

We would recommend that you start saving  small amounts first until we have earned your trust after which you can  save larger amounts with us if you feel comfortable doing so.

>> freebitco.in ADVISORY <<

We have received reports of users who have re-used their FreeBitco.in password on other websites getting their FreeBitco.in account hacked. If you have re-used your FreeBitco.in password on any other website, please change your password on FreeBitco.in (from the PROFILE page) immediately!

We strongly recommend turning on 2 factor authentication (also from the PROFILE page) if you hold a significant balance with us.

Also note that we do not have any official mobile apps and any apps or third-party software/websites that you use may steal your password.

Please do not give your FreeBitco.in password to anyone else or use it anywhere else apart from this website!

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