Most stupid thing to do with Freebitco.in reward points

Don’t buy stuff with Freebitco.in reward points

Now that you know how you can easily increase the reward points balance and what to do with those reward points I will explain in this article why it is a bad idea to buy electronics and hardware wallets with your reward points from Freebitco.in website. In case you don’t know then I suggest you read my article Freebitco.in reward points collecting strategy.

Value of Freebitco.in reward points

The price of 1 reward point it’s not so juicy anymore, it is 1 satoshi only. As I searched for information on the web, I find out that in 2017 the price of 1 reward point was 3 satoshis. It has 3 times dropped in value.

PRICE OF 1 REWARD POINT IN 2017
PRICE FOR 1 REWARD POINT IN 2019

This is a clear signal already that it’s not profitable to use reward points to buy electronics and other stuff with them. But for a better and clearer picture, I will write a detailed article about the goods and prices, so that you don’t make any mistake about it.

What goods you can buy with Freebitco.in reward points?

The list of goods is quite impressive. Starting from gift cards and ending with decent cellphones. Before you rush to buy/exchange them for your reward points read further.

Note: At the time of writing this article Bitcoin price is 8,675 USD

Amazon and Egifter gift cards

25 USD gift card

Price is 333,333 reward points (0.00333333 BTC). Real price you pay for 25 USD gift card is 28 USD

Difference 3 USD


50 USD gift card

The price is 666,667 reward points (0.00666667 BTC). Real price you pay for 50 USD gift card is 57 USD

Difference 7 USD


100 USD gift card

Price is 1,333,333 reward points (0.01333333 BTC). Real price you pay for 100 USD gift card is 115 USD

Difference 15 USD


250 USD gift card

Price is 3,333,333 reward points (0.03333333 BTC). Real price you pay for 250 USD gift card is 289 USD

Difference 39 USD


500 USD gift card

Price is 6,666,667 reward points (0.06666667 BTC). Real price you pay for 500 USD gift card is 579 USD

Difference 79 USD


2000 USD gift card

Price is 26,666,667 reward points (0.06666667 BTC). Real price you pay for 2000 USD gift card is 2316 USD

Difference 316 USD

Hardware wallets

Ledger Nano S

Price is 1,600,000 reward points (0.01600000 BTC). Real price you pay for Ledger Nano S is 138 USD

Price on the official website is 59 EUR which is about 66 USD

https://shop.ledger.com/products/ledger-nano-s

Of course, you can get it even cheaper from Amazon or eBay, but I don’t recommend buying from there. It can be affected with malware and your risk of losing all your crypto assets.

Difference 72 USD


Trezor White

Price is 1,768,667 reward points (0.01768667 BTC). Real price you pay for Trezor White is 153 USD

Price on the official website is 69 EUR which is about 77 USD

https://shop.trezor.io/product/trezor-one-white

Difference 76 USD


KeepKey hardware wallet

Price is 2,173,333 reward points (0.02173333 BTC). Real price you pay for KeepKey is 188 USD

Price on the official website is 79 USD

https://shapeshift.io/keepkey/

Difference 109 USD

Electronics

Samsung virtual reality headset

Price is 2,193,200 reward points (0.02193200 BTC). Real price you pay for headset is 188 USD

Price on official website 129.99 USD, but on Amazon, you can find it at 99 USD.

https://www.samsung.com/us/mobile/virtual-reality/gear-vr/gear-vr-with-controller-sm-r324nzaaxar/

Difference 89 USD


E-Reader

Price is 2,599,867 reward points (0.02599867 BTC). Real price you pay for Kindle E-Reader is 224 USD

Price on Amazon is from 129.99 USD for 8GB and 159.99 USD for 32GB

https://www.amazon.com/All-new-Kindle-Paperwhite-Waterproof-Storage/dp/B07CXG6C9W

Difference 95 USD


Wireless Activity Wristband

Price is 2,678,267 reward points (0.02678267 BTC). Real price you pay for the wristband is 231 USD

Price on Amazon is from 85 USD for small model

https://www.amazon.com/dp/B00N2BW638/ref=twister_B00NWXLQD2?_encoding=UTF8&psc=1

Difference 146 USD


GoPro Hero Session Waterproof Camera

Price is 3,653,333 reward points (0.03653333 BTC). Real price you pay for camera is 315 USD

Price on Amazon starts from 169 USD

https://www.amazon.com/GoPro-Session-Waterproof-Digital-Action/dp/B01C80O0ZU

Difference 146 USD


Beats Solo2 Wireless headphones

Price is 3,666,533 reward points (0.03666533 BTC). Real price you pay for headphones is 316 USD

Price on Amazon starts from 242 USD

https://www.amazon.com/gp/offer-listing/B00OVBXJ5M/ref=dp_olp_0?ie=UTF8&condition=all

Difference 74 USD

Cellphones

Samsung

Samsung Galaxy S10E 128GB

Price is 14,000,000 reward points (0.14000000 BTC). Real price you pay for S10E is 1210 USD

Price on official website 749.99 USD, but on Amazon, you can find it at 729 USD.

https://www.samsung.com/us/mobile/phones/galaxy-s/galaxy-s10e-128gb-unlocked-sm-g970uzbaxaa/

https://www.amazon.com/Samsung-Galaxy-Factory-Unlocked-Warranty/dp/B07N4M495N

Difference 481 USD


Samsung Galaxy S10 128GB

Price is 16,000,000 reward points (0.16000000 BTC). Real price you pay for S10 is 1382 USD

Price on official website 899.99 USD, but on Amazon, you can find it from 798 USD.

https://www.samsung.com/us/mobile/phones/galaxy-s/galaxy-s10-128gb-unlocked-sm-g973uzbaxaa/

https://www.amazon.com/Samsung-Galaxy-Factory-Unlocked-Warranty/dp/B07N4GKMHB

Difference 584 USD


Samsung Galaxy S10+ 128GB

Price is 17,333,333 reward points (0.17333333 BTC). Real price you pay for S10+ is 1496 USD

Price on official website 999.99 USD, but on Amazon, you can find it at 755 USD.

https://www.samsung.com/us/mobile/phones/galaxy-s/galaxy-s10-plus-128gb-unlocked-sm-g975uzbaxaa/

https://www.amazon.com/Samsung-SM-G975F-Unlocked-Smartphone-International/dp/B07NZX5BKH

Difference 741 USD


Samsung Galaxy Note 9 128GB

Price is 16,000,000 reward points (0.16000000 BTC). Real price you pay for Note 9 is 1382 USD

Price on official website 799.99 USD, but on Amazon, you can find it at 598 USD.

https://www.samsung.com/us/mobile/phones/galaxy-note/galaxy-note9-128gb–unlocked–sm-n960uzbaxaa/

https://www.amazon.com/Samsung-SM-N960F-DS-Midnight-Unlocked/dp/B07GBMJLZW

Difference 786 USD


iPhone

Apple iPhone XS 512GB

Price is 22,000,000 reward points (0.22000000 BTC). Real price you pay for XS is 1899 USD

Price on the official website 1349 USD, but on Amazon, you can find it at 1549.99 USD.

https://www.apple.com/shop/buy-iphone/iphone-xs/6.5-inch-display-512gb-space-gray-unlocked

https://www.amazon.com/gp/offer-listing/B07HKZ8HX3/ref=dp_olp_0?ie=UTF8&condition=all

Difference 550 USD


Apple iPhone XS MAX 512GB

Price is 23,333,333 reward points (0.23333333 BTC). Real price you pay for XS MAX is 2015 USD

Price on the official website 1449 USD, but on Amazon, you can find it at 1888 USD.

https://www.apple.com/shop/buy-iphone/iphone-xs/6.5-inch-display-512gb-space-gray-unlocked

https://www.amazon.com/gp/offer-listing/B07HKWJFHH/ref=dp_olp_0?ie=UTF8&condition=all

Difference 566 USD


Apple iPhone XR 256GB

Price is 16,000,000 reward points (0.16000000 BTC). Real price you pay for XR is 1382 USD

Price on official website 899.99 USD, but on Amazon, you can find it at 750 USD.

https://www.apple.com/shop/buy-iphone/iphone-xr/6.1-inch-display-256gb-black-unlocked

https://www.amazon.com/Apple-iPhone-XR-Fully-Unlocked/dp/B07HD1M5HP/ref=cm_cr_arp_d_product_top?ie=UTF8

Difference 634 USD

Verdict. Should you buy?

That’s a no brainer question. As you can see the products are way overpriced. You must be a very special person if you buy something with your reward points. In fact, if you plan to collect them to buy something, it will take you forever. Even if you have like, let’s say 1000 referrals and they all are active and earn you hundreds of thousands of reward points per month, it will be anyway mission impossible.

Let’s make an example of what happens if you have 1000, 10 000 or 100k active referrals and everyone makes 10 claims a day:

1000 referrals X 10 claims a day = 10 000 reward points/day

300 000 reward points/month

10 000 referrals X 10 claims a day = 100 000 reward points/day

3 000 000 reward points/month

100 000 referrals X 10 claims a day = 1 000 000 reward points/day

30 000 000 reward points/month

Not so easy task to do, isn’t it? But, if for some reason you decide to exchange your reward points for some stuff, then you should read my post about Freebitco.in reward points collecting strategy.