Post
Topic
Board Gambling
Re: FreeBitco.in - Win free Bitcoins every hour!
by
Pursuer
on 09/02/2018, 08:54:13 UTC
current rates:
Automatic (weekly): 3000 satoshi
Instant (~15 Minutes): 821 satoshi
Slow (6-24 Hours): 193 satoshi
I wanted to use this wonderful opportunity to withdraw my 50,000+ satoshis instantly from the site. but unfortunately  it is not the case anymore.

The current withdrawal fees are:
0.00017774 BTC  -  INSTANT (~15 Minutes)
0.00004182 BTC - SLOW (6-24 Hours)
Looks like fees have now dropped down now to 0.00001600 BTC for slow withdraw option. as bitcoin services/sites (and ultimately people) adopt segwit and batch the txs we're going to pay lower transaction fees. i wish every crypto sites had freebitcoin like withdrawal system. Smiley
Yes it fluctuates, depends on network traffics. At the time I'm writing this, withdrawal fees are:
Instant (~15 Minutes): 0.00006800 BTC
Slow (6-24 Hours): 0.00001600 BTC

you should check often to find the best/cheapest fee, I remember a few months ago was steady at 400 sats Tongue
try this weekend sunday morning, usually the fee is somewhat lower due to less transactions

I have not yet withdrawn any BTC from freebitco.in but these fees are really low if you compare this to the fees that you pay on blockchain or exchanges.
The fee for auto-withdraw is 0.00003000 BTC.
Yes, auto withdraw fee are low if you compare it with exchange or wallet fees. But when it comes to faucet, fee looks pretty big. If you are using their faucet only to get free BTC, you need to make over 100 faucet claims to cover withdrawal fee. For example, Faucethub withdrawal fee only 400 Satoshi. If you withdrawing bigger amounts than 0.0002 BTC, fees are even lower.

you should not compare the fees with exchanges and it is not higher than wallets if your wallet is a proper one that is suggesting the fees appropriately.
for example the current fee to get a high priority transaction is 3-4 satoshi/byte. if I make an instant withdrawal like this one from the stats page:
https://blockchain.info/tx/f4491dc5ea473d6b98bed8d806fe192457cf220bd343bf0bb045c3ae2139d4a4
the size of the transaction will be 250 bytes which will require 750-1000 satoshi fee. as you can see it has 969 satoshi fee which is the same as what the website is asking for.