Earn Bitcoin Faucetlatest release: 3.1.1 ( 25th May 2021 ) last analysed 19th October 2021 Not a wallet
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Do your own research!
Try out searching for "lost bitcoins", "stole my money" or "scammers" together with the wallet's name, even if you think the wallet is generally trustworthy. For all the bigger wallets you will find accusations. Make sure you understand why they were made and if you are comfortable with the provider's reaction.
The Analysis ¶
⚠️ Caution: Sites that claim to give free bitcoins should be given extra scrutiny. As of today, October 14, 2021, the price of Bitcoin is $57,672. Sending bitcoins for free to over 10,000 users can be quite expensive.
Earn Bitcoin with this free Bitcoin faucet. Awards Bitcoin every hour and 4.08% interest on earnings.
- Uses a ‘provably fair’ random number generator for awards. Verify the rolls independently using the hashes provided.
- Earn interest passively at 4.08% pa compounded daily ≥0.003 BTC.
- Bitcoin transaction created weekly for all users ≥0.003 BTC.
★☆☆☆☆ September 26, 2021
The captcha will not go through. It will not turn on faucet.
★☆☆☆☆ June 22, 2021
Even after supposed fix, I cannot sign up. Every time I enter the capcha it errors incorrect login details.
Provably fair randomness Uses a ‘provably fair’ random number generator to award bitcoin randomly. You can verify your rolls using the independent roll replay code which you can run locally on your own computer. Every roll has a minimum win which changes daily — you’re guaranteed to win bitcoin with each faucet roll adding to your freebitcoin balance!
Automatic withdraw Withdraw bitcoin to your desired bitcoin address, with Auto-Withdraw every Sunday (≥0.0001 BTC) or on-demand (v3.0). You don’t need to run the app for the bitcoin to be withdrawn by the server and paid into your account.
After downloading the app, we ran into the same problems as the reviews noted above. Solving the captcha does not seem to generate any feedback. Moreover, the ios version of the app is no longer available “after an update”.
It is difficult to ascertain whether “real bitcoins” are being sent to a “real bitcoin wallet”. The app merely displays numbers prefixed with the Bitcoin sign. It may be feasible for the developer to show this as a representation of “winnings” in the faucet.
Moreover, the site listed on the Google Play page is the personal website of the developer.
Finally, it would seem that the app is no longer functioning as intended.
After registration, the site freebitco.in, briefly flashed on the screen.
It then brought us to the main dashboard, where we had to finish an hCaptcha.
Clicking on payouts allows us to change or generate a new Bitcoin address. However, this address was only displayed with no other option but to enable Auto-Withdraw. Options to send or receive are not present.
We contacted the developer George Garside via twitter for more details on his app.
Due to there being no visible feature that allows users to deposit money into this app, we assume that you can’t deposit BTC and money can’t be held in this app. For now, it is more prudent to say that this app does not function as a wallet.
This appears to not be a product to receive and send money.
As part of our Methodology, we ask:Is it a wallet? If not, we tag it No Wallet
If it’s called “wallet” but is actually only a portfolio tracker, we don’t look any deeper, assuming it is not meant to control funds. What has no funds, can’t lose your coins. It might still leak your financial history!
If you can buy Bitcoins with this app but only into another wallet, it’s not a wallet itself.
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