Bitcoins is a payment system introduced as open-source software in 2009 by developer Satoshi Nakamoto. The payments in the system are recorded in a public ledger using its own unit of account, which is also called Bitcoins. Payments work peer-to-peer without a central repository or single administrator, which has led the US Treasury to call bitcoin a decentralized virtual currency.Although its status as a currency is disputed, media reports often refer to bitcoin as a cryptocurrency or digital currency.
Bitcoins are created as a reward for payment processing work in which users offer their computing power to verify and record payments into the public ledger. Called mining, individuals or companies engage in this activity in exchange for transaction fees and newly created bitcoins. Besides mining, bitcoins can be obtained in exchange for fiat money, products, and services. Users can send and receive bitcoins electronically for an optional transaction fee using wallet software on a personal computer, mobile device, or a web application.
Bitcoin as a form of payment for products and services has seen growth, and merchants have an incentive to accept the digital currency because fees are lower than the 2-3% typically imposed by credit card processors.The European Banking Authority has warned that bitcoin lacks consumer protections.Unlike credit cards, any fees are paid by the purchaser not the vendor. Bitcoins can be stolen and chargebacks are impossible. Commercial use of bitcoin is currently small compared to its use by speculators, which has fueled price volatility.
A Faucet gaves people free bitcoin. You can win bitcoin at a bitcoin faucet by solving things. To get free bitcoins or win free bitcoins you also can referrel with a multiplier of 0,2 to get free Satoshis for just placing a link.
Hello, after multiple requests we have changed timer of main faucet to 5 min! Enjoy! :)
Terms of Service (TOS)
These Terms of Service apply to you as a member, being an user or advertiser at LUCKYBITCO.IN.
When registering at LUCKYBITCO.IN, you confirm you have read, understood and accepted the following terms and conditions of these Terms of Service. If you do not agree to any of these terms, you must not register.
As your password must be kept secret from others, we store it in an irreversible format. In the unlikely event of someone hacking into your account, we will not be held responsible. When you request your password, we will send you a new one to your email.
You can only have one account. Any attempt to create more than one account will lead to the termination of all of them.
Logging in from proxies or shared network environments is not allowed.
Users using false information when registering or changing their personal settings will have their account suspended.
Only one account per device is allowed. If more than one account in a single device, all of those accounts will be permanently suspended.
Any attempt to cheat system will lead to the permanent suspension of your account.
You may refer as many people as you want.
Every one of your referrals, as users, must have an unique email address and valid FaucetHUB coin address.
You must not send unsolicited email or force anyone in any other way into becoming your referral. You also cannot use any service that attempts to sell you referrals. We will verify such incidents and they will result in account termination.
Each attempt, in any way, to hack into the system will be logged.
Sometimes we will warn you, sometimes we will not. In either way, when you request payout, our monitoring system will analyze your actions and take its own actions in return. Normally, attempts to hack the system will result in account termination.
We may or may not inform you that your account was terminated.
Withdraw to users
All withdraws will be made in Bitcoin currency. No other method of payment is available at this time.
All withdraws will be made instantly or up to 24 hours.
The minimum amount for withdraw is 1 Satoshi for instant and 1000 Satoshis for manual withdraw.
LUCKYBITCO.IN will cover all transaction fees.
You must have a FaucetHUB linked bitcoin address.
We accept any kind of advertisement except for pages that break out of frames, have malicious code, have adult or illegal content.
We reserve the right to deny any advertisement that we do not see fit to be displayed.
Advertisements must not be viewed on mobile phones. Advertisements must only be clicked on using a mouse and not using any other methods. Doing so may lead to the permanent suspension of your account.
Minimum deposit amount for advertiser balance is 0.001 BTC
We have the right to suspend your account at any time for any valid reason including, but not limited to, the disrespect of our Terms of Service.
All suspended accounts will have all their balances reset, all referrals taken away and no refunds will be given.
All suspended accounts will be archived and you cannot register using the same username or email addresses.
After 30 days of inactivity, your account can be permanently suspended or balance reset to 0.
LUCKYBITCO.IN reserves the right to alter the Terms of Service at any time, including fees, special offers, benefits and rules, amongst others, and also reserves the right to cancel its services any time and without any notice.
LUCKYBITCO.IN will not be held responsible for any of its users, advertisers or advertisements.