Hey All, i'll keep this quick since this is a Gambling board but I want address the consistent theme of the comments quoted below.
When it comes to online wallets there are two camps of thinking:
(1) People who understand the risk of not owning their private keys but balance the need for convenience with the balance they keep in an online wallet to meet a happy medium, and
(2) People who believe that online wallets are the riskiest wallet option available and will never use them.
Those of you that believe in (2), that's a valid and logical way to think, continue on with the extra security you gain by always having full control over you bitcoin.
Those of you that believe in (1), ask yourself what you get in return for the trust you place in your online wallet. For the risk you take in that relationship. What does Coinbase pay for trust and risk? Nothing. What does Xapo pay? Nothing. What does Bitstamp pay? Nothing. What does Circle pay? Nothing. The list goes on.
We pay interest to you BECAUSE you've given us that trust and accepted that risk. It's the least you deserve.
Some companies will pay you more, be weary of whether that rate is sustainable. 1% paid per week (so 52% per year) is not sustainable...whatever company pays this amount either knows they won't be able to continue at that level of interest or they're getting you to pay for it in other ways.
FreeBitco.in pays an honest 4% APR. It's better than bank savings rates in most countries. And it's sustainable. There's nothing going on behind the curtains.
So it's your choice, get paid a fair amount of interest today and every day or not. Either way, we appreciate your business.
When it comes to online wallets there are two camps of thinking:
(1) People who understand the risk of not owning their private keys but balance the need for convenience with the balance they keep in an online wallet to meet a happy medium, and
(2) People who believe that online wallets are the riskiest wallet option available and will never use them.
Those of you that believe in (2), that's a valid and logical way to think, continue on with the extra security you gain by always having full control over you bitcoin.
Those of you that believe in (1), ask yourself what you get in return for the trust you place in your online wallet. For the risk you take in that relationship. What does Coinbase pay for trust and risk? Nothing. What does Xapo pay? Nothing. What does Bitstamp pay? Nothing. What does Circle pay? Nothing. The list goes on.
We pay interest to you BECAUSE you've given us that trust and accepted that risk. It's the least you deserve.
Some companies will pay you more, be weary of whether that rate is sustainable. 1% paid per week (so 52% per year) is not sustainable...whatever company pays this amount either knows they won't be able to continue at that level of interest or they're getting you to pay for it in other ways.
FreeBitco.in pays an honest 4% APR. It's better than bank savings rates in most countries. And it's sustainable. There's nothing going on behind the curtains.
So it's your choice, get paid a fair amount of interest today and every day or not. Either way, we appreciate your business.
4% a year is horrible. Compounding only 4% makes very little difference. Maybe 5% ? If you lucky.
I wouldn't store my bitcoins there for a whole year. What you get out is not enough for whst you putting in. For me the risk is too great.
I wouldn't store my bitcoins there for a whole year. What you get out is not enough for whst you putting in. For me the risk is too great.
Personally I will not trust any form of online wallet including wallet freebitco.in provide to store my bitcoin for those tiny returns. 
I say be cautious, once your coins are on there site there is NOTHING you can do.
Are you ready to risk all your BTC for 4% a year?
Are you ready to risk all your BTC for 4% a year?
Also for bitcoin investment, 4% is almost nothing because if you hold bitcoins in your wallet then sometimes you can make these 4% profits within a day by trading.
We do not have control in our bitcoin even in our online wallet but it much risky if you put your bitcoin to them specially for long period of time.