Quote from: Sithara007 on Today at 03:05:15 AM

Quote from: Saint-loup on January 15, 2021, 09:55:13 PM

Why did you use Freebitcoin only few times if you don't have any problems with them and you are promoting them? Huh

There is something wrong with them?

There is nothing like a "trusted website" as far as cryptocurrency is concerned. If you don't own the private keys to the wallet, then it is not your coins. I am not very excited about the revenue model for Freebitcoin. What are the sources for their revenue? How do they managed to give interest to the cryptocurrency deposits? These are some red flags for me, as unlike fiat currency Bitcoin never provides interest on deposits.

Fiat currency deposits can get interest payments for you, because fiat currency is vulnerable to inflation. So in order to keep the purchasing power constant, the interest payments are made. That is not the case with Bitcoin, as it is protected against inflation. Now if someone is providing interest payments on Bitcoin deposits, then their revenue model needs to be thoroughly checked to see whether it is viable in the long term.

many things to consider here:
some websites can be trusted more than others, many exchanges in the past have been hacked and paid back like binance (has the SAFU funds), bitmex (had their insurance fund, asn't hacked), FTX would probably pay back if they had problems, etc...

some websites could provide bitcoin interest from loans which is the case on compound, harvest.finance and aave, even though the interest is usually smaller than freebitco.in

maybe @TheQuin can help to clarify that on Freebitco.in main thread here on the gambling area:
https://bitcointalk.org/index.php?topic=320959.15020