Should I send my bitcoin to freebitco.in to earn interest of 4.08%


Guys as of late, Freebitco.in has announced to start with a savings account for BTC.

Below the announcement:

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, without doing anything.

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 and your balance can be withdrawn any time you wish. 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.

ANNUAL INTEREST RATE
4.08%

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


It is the same owner and I think there is nothing shady in the opportunity to users get some extra coins.Users claims from faucet every day and collect satoshi,if they have 30k+ on balance they will get some free satoshi every day.

For me this is one of the most trusted faucet that exists a long time,in an effort to remain attractive to users from time to time adds something new to his offer.

Of course this does not mean that somebody should deposit BTC B there and wait for interest,but since I avoid to withdraw dust to my wallet this option is only small bonus for me Smiley


I somewhat agree with you, as you said it, depositing BTC may be somewhat of a risk, and to spread the risk of your investments, I'd advise even when depositing, not making the deposit too large. After all, this is a faucet, and that means it's not a safety deposit box. I will continue accumulating BTC profit from the faucet, but see what happens before trying with depositing. Thanks for the feedback, and I will keep everyone updated via this thread.

As of today these are my stats:

YOUR TOTAL INTEREST EARNED
0.00000000 BTC

INTEREST CALCULATOR
ACCOUNT BALANCE 
0.00506009
DAILY INTEREST 0.00000055 
BTC MONTHLY INTEREST (30D) 0.00001666 
BTC YEARLY INTEREST (365D) 0.00020647 BTC

Ref Link: https://freebitco.in/?r=6329765

Non Ref: https://freebitco.in/



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