Bitcoinforinvites.com Review Bitcoin For Invites is a Scam. Stay Away!

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Bitcoin Scams – How To Stay Safe In The CryptoCurrency World

Scams have long been part of the day to day lives of human beings. While today’s scams are quite a bit more intricate, people have been trying to defraud each other since the beginning of currency as we know it.

In fact, even back in the renaissance days, the shell game was used by con-artists to fool people out of their hard earned money. With Bitcoin being a relatively new currency, yet a widely accepted one, scams revolving around the currency seem to be everywhere.

Scam #1: Bitcoin Ponzi Schemes

One of the most common scams in the world of Bitcoin at the moment is the Ponzi Scheme. Essentially, the con-artists grab your interest by promising you high interest rates on deposits made.

As the nature of the Ponzi Scheme would tell you, those who make their investments early are paid out using the dollars from those that come in later.

This lasts for some time. However, must come to an end at some point. When there’s not enough new people signing up to pay out on older investments, the scam falls apart, and those who took part start to realize losses.

Scam #2: Bitcoin Wallet Scams

One of the factors that makes bitcoin an interesting currency for many is anonymity when making purchases. This anonymity is generally provided through Bitcoin wallets. Essentially, these scammers tell you that their program is the safest and easiest way to transfer Bitcoin anonymously.

The wallet will work perfectly for days, weeks or even months. However, at some point, he con-artist behind the scenes will transfer the bitcoin out of your wallet and into their own. So, when choosing a Bitcoin Wallet provider, make sure that you do your research!

Scam #3: Bitcoin Exchange Scams

There are several Bitcoin exchanges out there. These exchanges simply sell Bitcoin at the current market rate. However, when looking for a Bitcoin exchange, make sure to do your research. Some exchanges will grab your interest by charging incredibly low fees on credit card processing (an area where exchanges realize their profits).

When your credit card is processed, you receive nothing. No Bitcoin, no refund, the money is gone. One great thing to keep in mind here is that if the fees sound too good to be true, they probably are!

Scam #4: Bitcoin Mining Investment Scams

Bitcoin mining is a process that involves incredibly high level equations. These equations are designed to validate transactions and provide security for the public ledger, something known as the blockchain. However, in order to mine bitcoin, you generally need extremely powerful and expensive computer equipment.

As a result, many people invest in the equipment for these mines, earning returns in the long run as more Bitcoin is mined. Unfortunately however, there are mining investment scams that will take your money, not to purchase equipment, but simply to realize a product. At the end of the day, the investment was never real, and your money is gone.

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So, when thinking of investing in Bitcoin cloud mining, make sure that you do your research on the investments you make.

Scam #5: Bitcoin Phishing Scams

Finally, many con-artists have been sending emails to people letting them know that they have been given or awarded Bitcoins. However, in order to accept the gift or reward, they will need to log into to their wallet using the link in the email. However, when the user logs in, the information is stolen, giving the con-artists full access to the user’s wallet.

Final Thoughts

While there are quite a few scams in the world of Bitcoin, you don’t have to become a victim. At the end of the day, you can avoid most scams by simply being aware of them. With that said, if you’re involved or want to get involved in the Bitcoin movement, keep an eye out for the scams above.

Bitcoin Revolution Review: Proof that it’s a Scam – Stay Safe

Cryptocurrency and blockchain industry has ballooned over the last five years and become one of the largest and most dynamic sectors in the world. Millions of people from all across the globe have invested in cryptocurrencies and initial coin offerings. Just like any other new industry that is lucrative, scammers dive in and try to use the innocence of investors to make money.
One such fraud website is the Bitcoin Revolution. Since its inception last year, it has managed to trick millions of people as evident from the hundreds if not thousands of negative reviews online. Here are the primary reasons why Bitcoin Revolution is a fraud and should not be trusted. If you were considering registering, think again and take time to read this article.

Why Bitcoin Revolution is A Scam – The Hook

Cryptocurrency investors make money by investing in a cryptocurrency and trading it later at a profit. Bitcoin Revolution capitalizes on this by pretending to be providing an application that gives its users an undue advantage in the cryptocurrency trading industry. They claim that this application has a 99.4% accurate trading signals which are not possible regardless of the technology since this industry is the most unpredictable and dynamic in the world today.

The second hook that they use to get money from unsuspecting investors who are looking for a way to make quick money is by saying that the application is 0.01 seconds ahead of the traditional markets. The entire application Is a hoax that is meant to pull in people and never works as promised.
Bitcoin Revolution has also mastered how to feed off the fear that a majority of investors in the cryptocurrency industry missed the recent Bitcoin bull run and do not want to miss the next one. Nobody knows when the next bull run will occur due to the main unpredictable factors that come into play, but this swindle website claims that its app can predict its occurrence accurately and help its clients’ profit.
The fourth thing that proves Bitcoin Revolution is a scam is that it uses images and videos of renowned celebrities to promote its service without their consent. Recently, several celebrities have held press releases denouncing any affiliation with the website. Now, if the company was legit and confident about the service it offers, why would it use celebrity videos and images without their consent? After all, it is making enough money from the app to hire celebrities as influencer marketers.

Closing Remarks

Bitcoin Revolution is one of the ingenious scams in the modern day that has caught so many people by surprise. The target audience is lazy and impatient investors who believe in microwave success and quick money schemes. There is enough evidence to show that the website is a scam and should not be trusted.

Hundreds of professional crypto traders from all across the globe have written articles about this scam to discourage people from investing in it. Unfortunately, getting the people working behind the scenes to ensure the site is always live and functional is proving difficult for the authorities. We hope that they will soon be apprehended.

If you want to become a better Bitcoin trader, read this Bitcoin 101 article.

Stay safe by AVOIDING Bitcoin Revolution – IT’S A SCAM!!

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.

How To Spot A Bitcoin Scam

Whenever something gets hot, the only guarantee is that scamsters will lock onto it like a heat-seeking missile. The virtual currency bitcoin is no exception.

For those living off the grid, bitcoin is a digital currency. Its value, not backed by any government or central bank, is determined by software that few people truly understand.

Since few know how bitcoin really works, there have been endless opportunities for chicanery. Social media has provided fertile ground for numerous frauds.

Naturally, those who want to speculate in bitcoin want to believe that the currency’s value will do nothing but go up in value, but that hasn’t been the case. The currency is very volatile and few understand why.

According to a recent report by Zerofox, a digital risk monitoring company, there’s a considerable dark side to bitcoin. Here are some ways to spot scams:

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— Malware downloads. Bitcoin is often used as “bait” to get you to download some nasty software that will mess up your computer. According to Zerofox:

“Fake bitcoin ‘wallets’ hiding malware downloads: Attracting users to click through URLs posted to social media is a technique that ZeroFOX has observed in a variety of attacks.

This one uses the promise of bitcoin to lure the user into following a URL that subsequently attempts to download a malware-laden app. We also discovered that fake bitcoin surveys are often used to distribute malware, and we advise caution when encountering any social media URL that is either shortened or not secured with an HTTPS connection.”

– Bitcoin phishing impersonators. “Impersonators run rampant on social media, and impersonating the bitcoin brand itself is a tactic that can be used to gain a victim’s trust and credibility.

A phishing website allegedly offers a search service enticing users to enter in their private bitcoin key to see if it exists in their database. Once entered, the private key will simply be phished, allowing the scammer to spend directly from the curious bitcoin owner’s wallet.”

— Bitcoin-flipping scams. “These scams could be an offer to instantly exchange bitcoins for money after paying an initial startup fee or a promise to double your initial investment overnight.

The other end of the bargain is never held-up, and bitcoins are stolen immediately. Scammers succeed because they’re able to broadcast their scam to thousands of unsuspecting targets through social media.”

— Bitcoin pyramid schemes. These scams are harder to recognize than the more egregious bitcoin-flipping examples described above, but the end result is the same; the scammer eventually makes off with the victim’s stolen bitcoins.

This tried and tested idea relies upon high yield investment programs and multi-level marketing. In these ethically grey schemes, a low initial investment can be multiplied by signing up additional members using referral links. Before long, hundreds of victims have joined the scheme. At a later point in time, the original scammer walks away and the pyramid collapses.”

How Can You Protect Yourself

Like any get-rich-quick scheme, bitcoin scams thrive on the gullibility of its victims. Just because it’s a digital currency doesn’t mean you can acquire wealth quickly. Here are some more warnings from Zerofox:

1. Don’t trust anyone claiming they will give you or help you mine bitcoin. Again, cryptocurrency is valued by cybercriminals for a reason, and nefarious behavior related to bitcoin runs rampant on social media and digital channels.

2. Avoid URLs associated with social media profiles advertising too-good-to-be-true bitcoin offers.

3. Be vigilant when engaging with the social media accounts of legitimate bitcoin brokers or trading platforms, as they are frequently victims of convincing impersonations.

4. Never engage in any financial transaction, bitcoin or otherwise, via direct message on social networks.

If you have already been scammed, report the crime to the FBI’s Internet Crime Complaint Center, but do not expect to see your bitcoins again.

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