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BITCOIN is a form of digital currency that is created and held electronically. It is decentralized so no one controls it. Bitcoin (Ƀ), unlike Dollars ($) or Euros (€), are not printed - they are produced by people, and increasingly businesses, running computers all around the world, using software that solves mathematical problems. It is the first example of a growing category of money known as CRYPTOCURRENCY.
BitCoin was developed and introduced in 2009 by a developer named Satoshi Nakamoto. Media reports frequently refer to bitcoin as a digital or cryptocurrency money although its standing as a money is challenged. Bitcoins are created as a benefit for payment processing work by which users offer their computing power record and to check payments to the public ledger. The payments in the system are recorded in a public ledger using its own unit of account, which is also called cryptocurrency. Payments work peer-to-peer without a central repository or single administrator, which has led the US Treasury to call cryptocurrency a decentralized virtual currency. Although its status as a currency is disputed, media reports often refer as a cryptocurrency or digital currency.
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.
Since its launched in 2009, Bitcoin has gained great popularity aroudn the world and is the number one (1) cryptocurrency being used. More and more people and countries are gaining awareness about bitcoin and some of them has engaged in the study of cryptocurrency. The value of bitcoin has also grown big from $0.08 in 2010, the value of one (1) as of today is more than $4,000.00 and is predicted to reach value of more than $27,000.00 by the year 2020.
PINOYBITCO.IN is a bitcoin faucet that gives it users free Satoshi (the smallest unit of bitcoin) every 5 minutes. The value or number of satoshi that a user can claim depends on the current value of bitcoin at the time of claim. The current claim per hour is 6 Satoshi plus a bonus of 11 Satoshi when a user view the bonus link prior to making a claim. Reward does not accumulate and is credited instantly to the user's FaucetHub.io or FaucetSystem.com account.
Like any other faucet, Pinoy Bitcoin Faucet make money through the advertisements published or placed in our website. Big percentage (%) of the income earned by the site are shared to our user's by claiming Free Satoshi every 5 minutes through our faucet. Our users can also earn additional Satoshi through our Referral Program. We offer 20% lifetime referral commission to our users when they refer a new user to our website.
We humbly ask our users not to abuse the use of this website and abide by the Terms Of Service to keep us alive.
Claiming Free Bitcoin from our faucet is as easy as 1, 2 3. Follow the steps below to make a successful claim.
1. Enter your bitcion wallet address that is link to either your Faucethub.io or Faucetsystem.com account.
2. Select Your Payment Wallet, where you want your Free Bitcoin to be sent.
3. If you want to earn additional bitcoin, you can click on the BONUS LINK prior to making a claim.
4. Solve the captcha to verify that you are human.
5. Click the "Claim Now!" button to send your bitcoin to your selected payment wallet.
6. If you wish to earn more, you can visit our faucet list and claim from other top paying bitcoin faucets.
Visit our website every 5 Minutes and stay tuned for our upcoming updates. We are currently working on a system that will boost the earnings of our users tremendously.
1. The use of bots, proxies & other means to cheat on us is strictly prohibited. If you use bot or cheat on us by any means possible, it will drain our faucet and will result to non-continuance of this site.
2. Please observe good manners and right conduct when contacting our support team. We will do our very best to respond to your questions or inquiries within 24 hours.
3. Do not try to abuse the Free Bitcoins given by creating multiple accounts.
4. Please do not drain our faucet to keep us alive. Visit only our advertisers advertisment that interest you to help us continue our service.
5. Balances are not save to your account. They are sent instantly to either Faucethub or Faucetsystem. Please do select your payment option first prior to making a claim. Transaction is irreversible once you click on the "Claim Now" button.
6. PINOYBITCO.IN reserves the right to modify or change in part or in whole any rule at anytime without the need to notify users.
Claim Free Bitcoin Every 5 minutes from our bitcoin faucet paid directly to your faucetHub or FaucetSystem Wallet.
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