There are a lot of bitcoin scams out there and with the recent spike in the price of bitcoin more people are eager to get their hands on the crypto-currency, this have given Fraudsters a fertile ground to operate on.

Bit Grabber the online Bitcoin Generator tool is a Scam

Any time you visit the site they give you a generic amount of Bitcoin that has been generated using their service and tell you to put in your Bitcoin wallet address and the rest of the work will be done for you with the generator.

The owners of the site claim to be professionals with over five years of experience in the bitcoin business, but there is not a single profile of any of the developers on the one page site, instead you find fake testimonials that are always cycling back.

Once you select the amount of bitcoin you want to be generated for you, the mining process starts and it is usually fast, it is not possible to mine bitcoins with the sort of computer power i have and also mining bitcoins is much slower.

Now Someone who is wise enough will ask how the owners of the site makes money if they give out such large sums of bitcoin for free.

Now after the bitcoin have been "mined" you would be required to pay a miners fee for your transaction to be confirmed, now you don't need a seer to tell you that your miner's fee if paid would be a loss on your part.

If you are someone new to crypto-currency the best way to get free bitcoins in on Online Faucets like 

Moon Bitcoin

 Free Bitcoins

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