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Free BTC Club Review: 112 day bitcoin doubler Ponzi scheme

The Free BTC Club website provides no information about who owns or runs the business.

On its website Free BTC Club states it is

a legal BTC earning and wealth management company incorporated and headquartered in Asia.

No specific details are provided.

The Free BTC Club website FAQ goes on to state

Free BtcClub is a subsidiary derived from a collaboration of global companies owned by crypto expert CEO’s.

…whatever that means.

Further research reveals Free BTC Club marketing emails citing Michael Merino as Free BTC Club’s “program developer”.

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In a Free BTC Club marketing video, Merino discloses he got into the MLM industry twenty-two years ago through Herbalife. He claims to have since been involved in eight MLM companies.

Three years ago Merino (right) was promoting BetterBid, which he presents as a recruitment-driven MLM opportunity.

I did try to research for independent information on BetterBid but came up blank. Whatever BetterBid was it appears to have long-since collapsed.

Over the past two years Merino states he has transitioned into the MLM crypto niche.

As far as I can tell Merino is based out of California in the US.

The link to Asia appears to be solely dependent on running Free BTC Club from “servers in Singapore”.

Read on for a full review of the Free BTC Club MLM opportunity.

Free BTC Club Products

Free BTC Club has no retailable products or services, with affiliates only able to market Free BTC Club affiliate membership itself.

The Free BTC Club Compensation Plan

Free BTC Club affiliates invest bitcoin on the promise of an advertised 1.8% daily ROI for 112 days.

Free BTC Club investment tiers are as follows:

How much a Free BTC Club affiliate invests determines what they earn in residual commissions.

Residual Commissions

Free BTC Club pays residual commissions via a binary compensation structure.

A binary compensation structure places an affiliate at the top of a binary team, split into two sides (left and right):

The first level of the binary team houses two positions. The second level of the binary team is generated by splitting these first two positions into another two positions each (4 positions).

Subsequent levels of the binary team are generated as required, with each new level housing twice as many positions as the previous level.

Positions in the binary team are filled via direct and indirect recruitment of affiliates. Note there is no limit to how deep a binary team can grow.

At the end of each day Free BTC Club tallies up new investment volume on both sides of the binary team.

Residual commissions are paid out as a percentage of funds invested on the weaker binary side.

How much a Free BTC Club affiliate can earn in residual commissions is determined by how much they themselves have invested:

  • invest 0.025 BTC and receive a 5% residual commission rate capped at 0.05 BTC a day and 1.5 BTC a month
  • invest 0.1 BTC and receive a 6% residual commission rate capped at 0.2 BTC a day and 6 BTC a month
  • invest 0.25 BTC and receive an 8% residual commission rate capped at 0.5 BTC a day and 15 BTC a month
  • invest 0.5 BTC and receive a 10% residual commission rate capped at 1 BTC a day and 30 BTC a month
  • invest 1 BTC and receive a 12% residual commission rate, capped at 2 BTC a day and 60 BTC a month
  • invest 3 BTC and receive a 15% residual commission rate, capped at 6 BTC a day and 90 BTC a month

Joining Free BTC Club

Free BTC Club affiliate membership is tied to a 0.025 to 3 BTC investment.

How much an affiliate invests increases their income potential via the Free BTC Club compensation plan.

Conclusion

Your first (and major) red flag with Free BTC Club is that it’s not available to US residents.

Considering bitcoin is legal in the US, it follows that its Free BTC Club’s business model that is the problem.

Your Bitcoin doubles without any necessary daily task.

Before we get into that though, be aware that Free BTC Club’s “not in the US” act is pseudo-compliance rubbish.

Free BTC Club affiliates are openly recruiting US resident investors, by telling them to use a Virtual Private Network (VPN) to mask their location.

Furthermore Michael Merino himself appears to be based out of the US, as is pretty much everyone involved in Free BTC Club’s official marketing emails and videos.

Free BTC Club claims to generate external ROI revenue through forex trading.

Naturally there’s no evidence of this, or any other source of external ROI revenue provided.

And even if there was, even the most gullible investor can appreciate legitimate trading can’t fund guaranteed 1.8% daily ROI plus residual commissions.

If that were the case surely after two years in the MLM crypto niche Merino would be ready to retire with god tier riches?

As it stands the only verifiable source of revenue entering Free BTC Club is new investment.

Using new investment to pay existing investors a 1.8% daily return makes Free BTC Club a Ponzi scheme.

Paying affiliate investors to recruit new investors also makes it a pyramid scheme.

As with all MLM Ponzi schemes, once affiliate recruitment slows down so too will new investment.

This will starve Free BTC Club of ROI revenue, eventually prompting a collapse.

The math behind Ponzi schemes guarantees that when they collapse, the majority of investors lose money.

FreeBitco.in

Company: InterGlobal Limited
Founded: 2020
Country:
Prizes: Bitcoins
TOS: One account per person
Email: [email protected]
Phone: +223.2839
Twitter

FreeBitco Exposed — Can You Really Win Free Bitcoin? Read Reviews!

FreeBitco Review

FreeBitco.in is a Bitcoin faucet that offers a chance to win free bitcoins through a Hi-Lo game plus a weekly lottery. If you’re looking on how to earn free bitcoin, read further.

What Is FreeBitco.in?

FreeBitco offers what looks like two games. There is Hi-Lo which they say you can win up to $200 in bitcoins. They say you can win up to $200 in free bitcoins every hour and then in the same paragraph FreeBitco says if you play this game, you can win up to 1 Bitcoin each time you play. Then there is a weekly lottery for prizes. Players get a 50% referral commission when they encouraged their friends, family and others to play. There are a few websites where people are actually advertising for more players.

Who Can Participate?

Though there is no information on who can or cannot play, the very nature of bitcoins suggests that anyone can join the games. Bitcoin is a currency that is not based in any country or by any authority. The exchange rate floats though the current rate of exchange is 1 Bitcoin is worth US$ 2,282.23.

What Are the Prizes Offered by Free Bitcoin?

Playing FreeBitco.in’s Hi-Lo game wins you Bitcoins. There does appear to be prizes to be won in their weekly free lottery, but there is no information on what they are. Playing either is free.

Who Owns FreeBitco.in?

FreeBitco.in is owned by InterGlobal Limited, a company based in Belize. There is a snail mail address and email address, though don’t look to find this on their site. Well, it might show up once you register, but there is no “contact us” menu on their site. InterGlobal also owns a mirrored site called freedoge.co.in which is a duplicate platform for DOGECOINS. They are currently trading at 1,000 DOGECOINS is work US$ 3.48.

What Are the Terms & Conditions?

Don’t look to find published Terms and Conditions at FreeBitco.in prior to registration. There aren’t any. There is a “Terms of Service” with three rules: do not use bots, don’t use rude language and don’t create multiple accounts.

How to Collect a Prize?

FreeBitco.in has no information on how you collect your prize. Theoretically, getting your winnings should be pretty straightforward and simply credited to your account. But there is a heap of complaints online, where players say their wins were not credited. We’re also not sure whether you can transfer your Bitcoins somewhere else to purchase things or this is locked to their site and advertisers.

FreeBitco.in Feedback and Complaints

Jumping around the web, it’s been a while since we come across so many negative comments. The loudest one was the rate of winning which estimated a potential win of $0.002 each roll. This was qualified with the fact that if you did use the referral system and got lots of people to play, the amount would add up pretty fast. There were also comments on the fact the site had too many advertisements. I guess that’s how they stay in business.

Is FreeBitco Legit Bitcoin Faucet or Scam?

It’s hard to say whether this is legit or not without registering and there was no way I was going to do it without more information. That and the fact, there were more complaints than good reviews.

Bottom Line at FreeBitco.in

The combination of so many negative comments and the lack of published information prior to registration definitely put me off. Add to that the comments that a bunch of people (who must be better at math than I am) posted relating to the only way to really win here is by referrals hence getting a bunch of other people to play.

Pros:

Anyone Can Play

Simple Game of Hi-Lo

Cons:

No Terms & Conditions

No Info on How You Get Your Winnings

A Heap of Complaints

FreeBitco gets a thumb’s down. This site seems more angled at getting you to engage in the world of Bitcoin than actually getting prizes and things.

After losing over 80$ from a “hacker” wagered over .0088 satoshi with a 2FA enabled they refuse to do anything about it. No trust in this site anymore and I’ve read a lot of other reviews and it seems I’m not the only one that has gotten this. the site was the only thing that won in my loss.

attention to this site
Never use the multiply bt
multiply BTC is a scam
freebitco.in = thieves

you have to file a complaint with the police
freebitcoin = probably fake

stop these thieves!

It is a total scam. It is not paying… Lost my money… Don’t invest .

my balance in my freebitcoin.io account suddenly disappeared today for no apparent reason…I have never withdrawn anything from that account, it was collecting the interest and I was building my balance a little at a time and now it is gone!

PERSONAL STATS
FREE ROLLS PLAYED
3,368
FREE ROLL WINNINGS
0.01119426
MULTIPLY BTC ROLLS PLAYED
1,388
MULTIPLY BTC WINNINGS
-0.00360873
REFERRAL COMMISSIONS EARNED
0.91302088
JACKPOT WINNINGS
0.00000000
SPENT ON JACKPOTS
0.00000000
SPENT ON LOTTERY TICKETS
0.00305095
TOTAL PAYOUTS
3.80676809
TOTAL DEPOSITS
2.85869348

But on my Referrals page:
TOTAL REFERRALS
6312
REFERRAL COMMISSIONS EARNED
TOTAL 0.91302240
RECENT 0.00150461
MULTIPLY BTC 0.29566502
EARN BTC 0.00769273

So you show 6312 referrals which is how you have amassed almost 1 Bitcoin. Hope you feel great about your earning guiding so many people to this place who lost a great deal of money. Even you yourself show you are a coward to play the multiply game. Just so you know it is illegal to promote or refer people to a gambling site and you could find yourself losing so much more than you gained. Reported to FBI!

Poor earnings, so I decide to deposit again (third time). 7 times I lose × 8000satoshi..its that fair. In totall I lose 0.00045
Very bad (scam) site.

Does anyone believes that 21 straight losses, always with small numbers, is not a scam. I don’t.

Yes I do believe in 21 straight loss. Mine got 24 so you’ll lose a million or two. Safest way. Autoroll odds to 4 increase bet to 750. In just 7 rolls you’ll earn 1.1million satoshi

free bitco.in is a very good website. this the best site of bitcoin earning. I have win lottery and contest round.

Noticed my FreeBitCoin “Free Roll” went down from 20 satoshi to 6 per hour, when my Bonus Bitcoin account produces around 50 to 80 satoshi per hour depending on the price of Bitcoin. A customer service tech cancelled my account and stole all my satoshi (a considerable portion of a Bitcoin) an 15 minutes ago because I asked him why my “free roll” satoshi was only 6, and he kept reading his prefab answer from a script hanging in his cubicle. He claimed to own FreeBitCoin, which is preposterous, because with 23 million users, there’s no way in hell the OWNER and I are going to exchange a total of 15 emails back and forth.

(caution: cursewords sent to me in the emails by the low level tech who stole my money appear in my written experience below.)

When he started calling me an “asshole” and a “whiny crybaby” I said “I never cursed at you, why are you doing it now?”

He said, “I’m going to close your account.”

And before my eyes, I watched my account close and a year and a half of hard work from 8 Bitcoin Faucets that I deposited into my FreeBitCoin account disappear, like a fart in the wind.

FreeBitCoin stole my entire account because the low level tech who pretended to be the owner was butthurt that I wasn’t buying his stupid script as to why I was only getting 6 satoshi per hour when others are getting a whole lot more, doing the exact same thing I was doing.

Then he called me a “dickhead” and said “These kinds of things happen to dickheads like you.” AFTER he stole my money.

If you think that FreeBitCoin is going to help you… NO.

If you think FreeBitCoin is a safe place to store money? NO.

I AM ONE OF DOZENS, WHOSE MONEY WAS STOLEN BY EMPLOYEES, TECHS AND MODERATORS OF FREEBITCOIN.

My sponsor on FreeBitCoin had 0.15 Bitcoin disappear from his account on FreeBitCoin and he’s stupid enough to keep putting more on there? He’s at 0.4 Bitcoin there right now, and I’m going to laugh at him when they steal his whole amount instead of just part of it.

DO NOT USE, OR INVEST IN FREEBITCOIN. THEY WILL INVARIABLY STEAL MONEY FROM YOU, POTENTIALLY ALL OF IT.

I’m going to make reports everywhere I can and then focus on a YouTube campaign that shows all of my email interactions with the tech in India who stole all my Bitcoin because he couldn’t “win an argument” when there was never even any argument. He just couldn’t answer the truthful question with a truthful answer. So… The Bitcoin amount I had…

I guarantee he’s already added it to his own FreeBitCoin account.

about 1 week ago I did deposit bitcoin to my account in freebitcoin.in
yesterday when I enter on my account I saw my bitcoin was withdrawn by unknowing action, besides my account address has also been changed by unknowing action.

Only ones that win here are the ones that have many referrals.

Yep, I have 6000 referrals. My daughter has 2000.

Yes it is pure scam, 100-360 times missing on a row untill it sucks your bankroll are very common. I have seen it. In this way I got stolen for nearly 8,52 BTC and no not just in one day. In 9 months, so as you can see. It is rigged till the bones. Even in the casino you would have atleast 1 day you walk out with something descent. Also the lotterij. Yes dear. Every week (because of playing) I have over 500.000-2.000.000 lottery tickets. And i not even get something. Thats says enough. Time to Hack this site.

This site has stolen over 1400 US dollars worth of bitcoin from my account and cannot log back in to access this. They do not reply to emails and do not care to just block your account. Do not risk it, I feel sites like this will create a downfall or a scared purchaser of bitcoin due to the scams. Do not waste your money here. They also did not pay out any of my winnings or interest lost everything with no communication BS.

The Multiply HI/LO game is totally rigged in a way to make you win at first and then all of sudden rip you off. They say it’s based it’s an algorithm based on cryptography. I strongly do not believe so.
First the house edge is huge if you leave by default the odd at 2.00 it can be triggered several times in a row despite the fact that the vast majority of the roll will be either LO or HI.
Secondly, this is rigged. As soon as you possibly win a decent amount, there is something that it being triggered systematically to make you lose it all.
This is how I eventually invested 1.67BTC and turn it up to 7.53 BTC and all of sudden it was all gone with over 25 consecutive loss that obviously included house edge several times when the chance are extremely low with the default odd value.
I got a pay out of 0.006btc eventually once that I’ve made for checking sake to ensure they do really wire the payout, it seems they do but their multipy HI LO is clearly fucking rigged as hell. Make you win then make you lose it all unexpectedly and if you ever contact them they talk back to you like they take you for retards thinking we do not know probability and math. The game is clearly rigged and me and some other friends also noticed there are days that a more likely to drain all your BTC instantly, It almost feels like there is a bit of bank of satoshi available for the winning of Multiply BTC and as soon as this bank is close to be emptied, the algo changes and ensure to make you lose to every single roll you make regardless if you swap HI or LO or if you t=use the martingale strategy; they rip you off systematically. This is how I lost a huge quantity of BTC with them. 12 BTC and they have no problem replying to you with a one liner saying you only roll that much therefore chances are this or that. Complete rubbish. Why do you think most users recommend you to play a bit and then log out and clear your cookies etc? If this was a learning algo probably set and fair, you would not have to use such measures.
Advice for the ones who want to risk Multiply BTC as soon as you make a positive earning in your stat with multiply BTC, stop playing and enjoy free roll and withdraw because if you decided to leave it as savings, the temptation of using multiply BTC will be too high and you will lose everything, that is guaranteed.

As for the lottery it is very dodgy on how they operate, I went as high as having so many tickets that I reached 38% win rate chance a couple of minutes before the end of the time for the draw and I got the 8th prize which was obviously a blood piece of joke in comparison to all the BTC wagered and invested for it, a complete loss.

A second times, that was 3 weeks later, I also ended with millions of ticket and win rate chance higher than 20%, and guess what? 8th prize again! How the hell if it was really fair would I end up with the same ranked prize which is a ridiculous amount of satoshis when you see other users who are apparently winning the top 3 prize (between 0.1 to 2BTC) by having only playing sometimes under 100 tickets. I was also looking for those winners but we never managed to find any. It is very clear that the top 5 prizes of every single lottery draw are most likely bot accounts created by freebitco.in themselves.

If they were not suspicious and completely fair, they would mentioned the entirety of the users who won and the payout being made as well as the payout address but guess what? They shrink them all so you can’t really check.

they post some last 10 payout every now and then but you will notice its usually rarely very high amount of BTC (between 30k satoshi to rarely 1,2 BTC).

As for the wagering contest this is also a hint that something is going wrong. If you look at the wagering contest you’ll be shocked to death how come some players could have wagered over 300BTC within a month! Just as FYI I went as high as 100BTC wagered once and that did involve having close to 10BTC deposited or available in your balance. So its either big whale or staff of freebitco.in who wager all the earnings they make on daily basis so nobody gets the 10000$ reward. Other suspicious things are the user ID. Most of the times the winner are what seems to be very recent account created (over 6 digits leght). One would easily assume that old users having hoarding a lot of BTC would possibly be owning and ruling the contest due to their bigger reserve but that doesn’t seem to be the case at all.

Another evidence which I think will break anybody who trust they’re all clean and legit. They recently added a new contest with a Lamborghini at stake. You can either buy the gold ticket for 25k satoshi or you will one every time you wager 500k Satoshi with the multiply hi lo game or if you bet the same amount for the betting games.

Now look the very first day of the wagering contest for May and you will see already users who have wagered 11BTC. This information are refreshed very fast within a minute as soon as the change reached over 10000 satoshis.

If you still follow, you would understand that these users who wagered over 1BTC (even 10BTC) should technically already have up to 2000 golden ticket for that Lamborghini contest. Check the golden ticket page, you will be able to see that there are currently 0 total tickets played which mean only one thing… There are lots of fakes stats and fakes users on their website.

And they dare taking everyone for retards with their provably fair…

If I could I would hack the hell out of them and make them a very steep price for all the money and crypto they robbed to everyone. FBI should bloody arrest them all and lock their BTC and mining operations.

X2free.com Review: X2free is Another Scam Bitcoin Doubler. Stay Away!

WIN UP TO $200 IN FREE BITCOINS EVERY HOUR!

PLAY NOW SIGN UP

LOGIN TO YOUR ACCOUNT

Bitcoins Won By Users

FEATURES

FREE BITCOINS EVERY HOUR

Try your luck every hour playing our simple game and you could win up to $200 in free bitcoins!

PROVABLY FAIR HI-LO GAME

Multiply your bitcoins playing a simple HI-LO game that is designed to be provably fair by using a combination of math and cryptography. Win big HI-LO jackpot prizes up to 1 Bitcoin every time you play.

REFERRAL CONTEST

Join our referral program and bring your friends over to FreeBitco.in. Rank in the top 10 by combined wagering volume of your referrals to win the contest and up to $10,900 in BTC every month!

WAGERING CONTEST

Wager on the HI-LO dice game or bet on your favorite events at FreeBitco.in. Rank in the top 10 users by wagering volume to win the contest and up to $21,600 in BTC every month!

EARN INTEREST ON YOUR DEPOSITS

Deposit BTC in your FreeBitco.in wallet and we’ll give you 4.08% annual interest on your balance, compounded daily.

PEER-TO-PEER (P2P) EVENT PREDICTION TO MULTIPLY BTC

An event betting platform with P2P odds generation. Bet for or against the odds on your favorite events and Multiply BTC.

FREE WEEKLY LOTTERY

Win big prizes with our weekly lottery for which you get free tickets every time you or someone referred by you plays the free bitcoin game.

GENEROUS REFERRAL PROGRAM

Refer your friends after signing up, and get 50% of whatever they win in addition to getting free lottery tickets every time they play.

WIN A LAMBORGHINI

Participate in the Golden Ticket contest. Wager BTC on the HI-LO dice game, bet on your favorite events and collect Golden Tickets. A provably fair lottery draw will pick out the lucky winner of a Lamborghini.

WHAT IS BITCOIN?

Bitcoin is an innovative payment network and a new kind of money. Bitcoin uses peer-to-peer technology to operate with no central authority or banks managing transactions and the issuing of bitcoins is carried out collectively by the network. Bitcoin is open-source; its design is public, nobody owns or controls Bitcoin and everyone can take part. Through many of its unique properties, Bitcoin allows exciting uses that could not be covered by any previous payment system.

© 2020 – 2020 , FreeBitco.in – All rights reserved.

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TERMS OF SERVICE

Please abide by the following simple rules when using this website:

  1. Please do not use bots.
  2. Please be civil when contacting us and refrain from using strong language.
  3. Please do not try to abuse the free giveaway by creating multiple accounts and collecting the free prize more than once every hour using proxies or similar IP address changing applications/services.

If you are found to be breaking any of the above rules or trying to gain an unfair advantage to abuse the service, your account will be deleted and your account balance forfeited.

PRIVACY POLICY

We may occasionally use your email address to send you website announcements regarding changes to our website, including improvements, and service or product changes that may affect our website.

Cookies are sometimes used to improve the website experience of a visitor to a website. We may sometimes use cookies on this website to record aggregate statistical information about the visitors to our site and the use that our visitors make of the website. When collected this information is used by us to improve our website and further enhance the visitor experience and, may be shared with advertisers. Pease note that no personally identifiable information is recorded. We may also use the cookies to gather information about your general internet use to further assist us in developing or website. Where used, these cookies are downloaded to your computer automatically. This cookie file is stored on the hard drive of your computer. Cookies contain information that is transferred to your computer’s hard drive and then stored there and transferred to us where appropriate to help us to improve our website and the service that we provide to you. All computers have the ability to decline cookies. You can easily decline or remove cookies from your computer using the settings within the Internet Options section in your computer control panel. Our advertisers may also use cookies on their website. We have no control over this and you should review the privacy policy of any advertiser that you visit as a result of an advert or link on this website.

We may occasionally share your non-confidential data with third parties to provide you with relevant offers that we feel may be of interest to you. When we do, we shall ensure that the third party complies with all laws and regulations relating to the safe and fair storage and usage of the data that we provide to them.

Allow us to send you $200 in free bitcoins every hour!

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