Daily interest will be calculated at a random time everyday @ 0.0109589% per day and rounded down to the nearest satoshi.
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 9.065Petahashes or 0.031% 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?
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.
