So I recently received an email from freebitco.in faucet that are now offering an annual investment for their user.
It promises a 4.08% of annual interest with a minimum of 30k satoshi to be able to participate.
What do you guys think about this?
This is the actual email from them:
It promises a 4.08% of annual interest with a minimum of 30k satoshi to be able to participate.
What do you guys think about this?
This is the actual email from them:
Quote
Dear FreeBitco.in user,
We are excited to announce a launch of a new feature - a bitcoin savings account!
You can now earn 4.08% annual interest (paid and compounded daily) on any balance that you hold in your FreeBitco.in account, without doing anything!
All you need to do is mantain 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 and your balance can be withdrawn any time you wish.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.
We are excited to announce a launch of a new feature - a bitcoin savings account!
You can now earn 4.08% annual interest (paid and compounded daily) on any balance that you hold in your FreeBitco.in account, without doing anything!
All you need to do is mantain 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 and your balance can be withdrawn any time you wish.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.
I think it's actually pretty good.
You're getting interest on your bitcoin, like the interest rate although some people say it is bad, but is actually higher than lots of commercial banks all around the world so i don't think you can complain much about it.
Say bitcoin rises by 50% in value in 1 year like it did last year + this year after the halving and all that. You'd be getting 4% on top of 50% profit, which is awesome
