BITCOIN SAVINGS FAQ

When is the daily interest credited?

We  calculate the interest on your account balance daily and credit it at a  random time every day. If the interest would be credited at a fixed  time everyday, people would be able to game the system by depositing  before the credit time and then withdrawing after they receive their  interest. To avoid this, the daily interest is calculated and credited  at a random time everyday.

How do you make money to pay us interest?

When  you hold money in your FreeBitco.in account, we split it into 3 parts -  the first part is used to cover user withdrawals, the second part is  used to bankroll our MULTIPLY BTC game and the third part is used to  expand our bitcoin mining operation (which is currently 6.485 Petahashes  or 0.181% of the total hashpower of the bitcoin network). We make a  profit and assume the full risks of our businesses and in return for you  saving your money with us, we give you a risk-free fixed rate of  return.

Below, we have signed a message using our bitcoin address  that is used to collect payments from our bitcoin mining operation. This  message can be verified on any bitcoin client or here to provide proof that we actually mine bitcoin.

Is there a lock-in period or minimum investment period before I start earning interest?

No!  You start earning interest from the first day itself. There is no  lock-in period, you can withdraw your bitcoins anytime you wish by using  the WITHDRAW button at the top of the page. We always keep enough  reserves to satisfy all withdrawals.

Can I earn referral commissions on interest earned by my referrals?

Yes!  We pay you a 25% commission on any interest earned by your referrals.  If your referral gets 100 satoshi in interest for a day, you will get 25  satoshi credited to your account.

Will the interest rate be fixed forever or can it change?

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).

How can I trust you with my money?

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 bitcoins and we have paid out  tens of thousands of bitcoins 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.

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.

BITCOIN SAVINGS FAQ

When is the daily interest credited?

We  calculate the interest on your account balance daily and credit it at a  random time every day. If the interest would be credited at a fixed  time everyday, people would be able to game the system by depositing  before the credit time and then withdrawing after they receive their  interest. To avoid this, the daily interest is calculated and credited  at a random time everyday.

How do you make money to pay us interest?

When  you hold money in your FreeBitco.in account, we split it into 3 parts -  the first part is used to cover user withdrawals, the second part is  used to bankroll our MULTIPLY BTC game and the third part is used to  expand our bitcoin mining operation (which is currently 6.485 Petahashes  or 0.181% of the total hashpower of the bitcoin network). We make a  profit and assume the full risks of our businesses and in return for you  saving your money with us, we give you a risk-free fixed rate of  return.

Below, we have signed a message using our bitcoin address  that is used to collect payments from our bitcoin mining operation. This  message can be verified on any bitcoin client or here to provide proof that we actually mine bitcoin.

Is there a lock-in period or minimum investment period before I start earning interest?

No!  You start earning interest from the first day itself. There is no  lock-in period, you can withdraw your bitcoins anytime you wish by using  the WITHDRAW button at the top of the page. We always keep enough  reserves to satisfy all withdrawals.

Can I earn referral commissions on interest earned by my referrals?

Yes!  We pay you a 25% commission on any interest earned by your referrals.  If your referral gets 100 satoshi in interest for a day, you will get 25  satoshi credited to your account.

Will the interest rate be fixed forever or can it change?

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).

How can I trust you with my money?

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 bitcoins and we have paid out  tens of thousands of bitcoins 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.

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.

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!

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!

Namecheap.com
Namecheap.com