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.
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
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.