Disclaimer:I am not a financial, nor an investment advisor. Always be careful when investing into crypto-currency and never invest more than you can afford to lose. I shall not be held responsible for anything you do, pertaining to this post. Everything expressed is my opinion and should not be taken as a guaranteed way to make money. I am not affiliated withBitconnectin any way, shape or form.
I have divided this article into 4 separate stages, which include:
Getting Started (An explanation of Bitconnect, what it does and how to sign up.)
Statistics (An overview of the earning possibilities, at the time of writing this.)
Investments (A description of how to begin investing and reinvesting.)
Withdrawals (Information on how you can withdraw your profits.)
I would like to make it clear that crypto-currency can be extremely volatile, at times and that if you decide to make an investment, you should never invest more than you can afford to lose.
With that said, I hope you enjoy this post and find that it proves useful to you.
What is Bitconnect and what does it do?
The platform I will be telling you about is called Bitconnect. Bitconnect is a platform which allows you to exchange your Bitcoin for Bitconnect Coin and from there, make investment(s) into the platform. Your investments will be used by the Bitconnect trading bot and in exchange you will receive daily interest which is calculated by the Bitcoin volatility software on the Bitconnect website.
How do I sign up to Bitconnect?
Signing up is nice and simple, first you must go to the BitConnect website. You can navigate to the website by copying and pasting my referral link below:
https://bitconnect.co/?ref=JoshNathanielIf you would rather not use my referral link, then you can use this link. However, I would very much appreciate it if you did use my referral link:
https://bitconnect.coOnce you are on the website, proceed by pressing the “Register” button which can be found at the top right-hand corner of the website. When you are on the registration page, you can simply fill out your details. In the Sponsor box, type JoshNathaniel, again I would really appreciate it. After that, press Sign Up.
Here is a picture of the registration form, you can see the button at the top right:
So that is it for the Getting Started section, next, I will be going over the current Statistics on Bitconnect and how much can potentially be earned at this time.
How do I get Bitcoin to exchange for Bitconnect coin?
To get Bitconnect coin which you need to exchange it for Bitcoin. To buy your Bitcoin, I recommend using Coinbase. Keep in mind $100 is the minimum investment on Bitconnect and there are transfer fees to send Bitcoin from Coinbase to Bitconnect.
Here is my referral link to Coinbase, I would very much appreciate if you use it. Simply copy and paste the full link into the URL box in your browser to be redirected:
https://www.coinbase.com/join/5a01d97c8ca10802bb1ed1b3If you would rather not use my referral link, then feel free to use this link to Coinbase:
https://www.coinbase.comOnce you have signed up and are on the website, press on Buy/Sell and follow the instructions.
When you have purchased your Bitcoin, you will need to send that Bitcoin over to Bitconnect. You can do this by going to the Accounts tab on Coinbase and clicking on Receive next to your Bitcoin wallet.
Then head over to your Dashboard on Bitconnect and scroll down the section that says Receive Bitcoin (BTC) and click the green button that says Deposit Bitcoin (BTC). Copy this address and paste it into the address section on Coinbase after you have clicked on send Bitcoin. Fill out the rest of the requirements and send it to your Bitconnect address.
How much daily interest can I make?
The interest value that gets paid out daily, changes all the time. The best way to see the interest pay-out, is by checking the interest rate on the day. You can find this rate on the Bitcoin volatility software, on the Bitconnect website.
You can get to this website by copying and pasting the following link:
https://bitconnect.co/learning-center/bitconnect-bitcoin-price-volatility-softwareHere is a picture, showing the interest rate for the past 5 days, at this time:
Now, say you make an investment of $100 into the Bitconnect platform, you would be making daily interest of the amount on the day, based on your $100 investment. So, if the interest on a day was 1%, then you would make $1 in profit from your $100 investment. Take a moment and think about how this could build up over time. Also, keep in mind, this is just an example, you could sometimes receive a larger percentage and sometimes a smaller one.
What is the average amount of money I could make in a year?
This figure depends on the amount of money you have invested into the platform.
Investing$100will give you the interest on the day.
Investing$1010+will give you the interest on the day +0.10%
Investing$10010+will give you the interest on the day +0.25%
Making an investment of$100, with an average of 1% a day in interest, over a period of 365 days, you could make an estimated$350, at this time.
With$1010invested, and an average of 1% + 0.10% a day in interest, over a period of 365 days, you could be making roughly$3900, at this time.
If you could afford to make an investment of$10010, with an average of 1% + 0.25% a day in interest, over a period of 365 days, you could potentially make$43,500, at this time.
Bitconnect offer a tool which can calculate this exactly for you, it can be found on the right-hand size, on the same page as the volatility software.
Below you can see a picture of the software that calculates the average profits, over a specified period of time:
In the Principal box, simply type in the value of your investment and in the Term Length box, you can enter the length of the period, that you want to see the average returns of.
Now, keep in mind, this is not the minimum earning potential on your investment as Bitconnect gives you the option to reinvest your profits and in turn will let you make even more money. I will explain more about this in the upcoming section.
Any investments you make into Bitconnect will be locked for a minimum term of 120 days and a maximum term of 299 days, depending on the amount you choose to invest. After that time period is up, you will be free to claim your capital release (your original investment).
Now, let me explain where the money is at. Bitconnect offers you the option to reinvest profits that you have made at intervals of $10. So, say you make $10 in profit from your $100 investment, you can reinvest that amount into the platform, making your investment total into Bitconnect stand at $110, instead of $100.
Take a second to think about what this means. Rather than making a percentage on the $100 that you invested to being with, you will now make that percentage on a $110 investment. Each time you hit a multiple of $10, you can continue to reinvest driving your total investment, up and up.
Say you eventually have $1000 invested into the platform with an average of 1% per day in profit, there is potential to make $10 every single day. Take into consideration how quickly this can build up, when you reach a point that you are able to reinvest $10 every day into the platform and continue to make a daily profit on that investment.
Bitconnect also offers an amazing, bonus referral scheme, which can earn you even more money. By simply referring other people to the platform, you can make a small percentage of money on top of your usual earning. Read more about the referral scheme here:
https://bitconnect.co/bitconnect-learning/6/bonus-program
I shall now move on to the final section of this post, withdrawals. Here I will give you some information on how you can withdraw your profits from Bitcoin.
Withdrawing your profits is an easy to do, 4-step process. 3 of those steps being done within the Bitconnect platform itself and the final step in your wallet, in this case, Coinbase.
For step 1 you will need to move your profits from your Lending wallet into your Bitconnect wallet. Simply select the >>Transfer>> button near the top of the website, when you are logged in. Select the amount of money that you want to move and press on the Transfer button.
Once this is done, you will need to move onto step 2 which is moving some, or all of your Bitconnect coin from your Bitconnect wallet, into your Bitcoin wallet. To do this, click on <<Exchange>> near the top. Scroll down the page to the section that says, Sell BCC. Press on ALL and then click on Sell BITCONNECT COIN.
In step 3, you will need to send your Bitcoin to your Bitcoin Coinbase wallet. On Coinbase, find your Receive address for Bitcoin. Go to your Dashboard on Bitconnect and scroll down to the area that says, Send Bitcoin (BTC). Enter you Bitcoin address and the amount of Bitcoin that you want to send from your Bitcoin wallet, enter your password and click Withdraw from BTC wallet.
Finally, step 4, here you will need to sell your Bitcoin within Coinbase and have the value in your currency deposited to your currency wallet. In my case this is EUR wallet, in your case in may be USD wallet, depending on which currency you use. Once this is done you can go to the Accounts tab and find your currency wallet and withdraw your earning to your bank account.
If you have any questions, feel free to ask. Please follow me and leave an upvote if you found this useful.