Since the official launch of Xcoins.io, the investor team at ResoNova.com has been turning a consistent 10% weekly return on all invested funds! After getting bombarded by numerous requests for an explanation as to how such returns were being achieved, ResoNova Financial Partners are putting it all on the table. The following process was officially compiled and released this morning.

What you will need:

1. Bank account (a personal account will do for small amounts but a business account will be necessary for larger amounts when deposits/purchases approach 5,000.00 USD)
2. Bitcoin wallet service such as Coinbase or Circle
3. Wallet on Xcoins.io
4. PayPal Merchant Services
5. Some money to invest. (From 20.00 USD and up)

How to do it:

1. Create a bank account to use for your investments.
2. Link your bank account to Coinbase or Circle and verify your identity to raise your buying limits.
3. Set up a PayPal account and select the option to convert it to a business account and use merchant services.
4. Link your PayPal to your investment account at your bank and verify your identity to remove withdrawal limits.
5. Setup a wallet on Xcoins and your lending offer. (Right now percentages over 10% become “Not Active”)
6. Link Xcoins to your PayPal account
7. Once your bank account is linked, purchase some Bitcoin with Circle/Coinbase using the amount you want to invest. (It takes 3-5 business days for the USD to be converted into BTC.)
8. Once the USD have been converted into BTC in your wallet service, transfer your recently acquired BTC to Xcoins using their deposit to wallet function. (Instant)
9. As the BTC you have transferred to Xcoins it borrowed, USD payments will arrive in your PayPal Account. From there you withdraw the USD along with the profits of 10% or more into your bank account. (The withdrawal process takes another 3-5 business days.)
10. Repeat steps 7, 8, and 9. (The round trip takes 6-10 business days.)

You can pull your money out at any point during the process and have it sent back to your bank account. Withdrawals from Paypal and Circle/Coinbase can take 3-5 business days to receive the funds. Withdrawals from Xcoins to Circle/Coinbase are instant.

Limits:

Consider reinvesting the profits made and allowing the interest to compound to the point where you max out the daily/weekly limits of one of the required services. You can find a Compound Interest Calculator here.

US Banks
Reference Source

The Numbers
Banks must notify the government any time they receive more than $10,000 in a single deposit. They must also report withdrawals of that size, or anyone using that much cash to buy a negotiable instrument such as a cashier's check or a bank draft. This rule applies to American dollars and to foreign currency worth more than $10,000. It also kicks in if the bank receives multiple payments from the same agent or individual over the course of a year adding up to more than $10,000. Banks don't have to report personal checks, regardless of the amount.

Suspicious Activity Reporting
The federal government requires banks to report smaller transactions that may be a sign of suspicious activity. Federal guidelines say suspicious activity could include a deposit or withdrawal of $5,000 or more by a customer who doesn't normally make transactions that big. Banks may also report transaction that fall just under the BSA's $10,000 limit or that have no "apparent lawful purpose," just to be on the safe side of the law. Critics of the law say the standards for suspicious activity are far too vague to be effective.

Other Businesses
The Bank Secrecy Act affects any business that deal with a transaction or series of transactions for more than $10,000. If a customer buys an item such as a $12,000 boat or a $15,000 antique with cash, the dealer has to report the sale. Businesses do not have to report the transaction if the customer uses a negotiable instrument -- a cashier's check or traveler's check for example -- with a face value greater than $10,000. If a buyer pays with a $2,000 traveler's check and $8,000 in cash, they need to report the sale to the government.

Reporting
Banks and businesses must file a form 8300 within 15 days after receiving the $10,000-plus payment. If the customer makes multiple smaller payments, the 15 days countdown starts as soon as the total paid exceeds $10,000. The bank or its parent must notify the person who made the transaction that he's been identified in the report, provide a contact number for follow-up questions and state the total amount of cash involved. Notification doesn't have to go out until Jan. 31 of the year after the company filed the 8300.

Circle/Coinbase

Varying limits based on use and bank/identity verification.

A user can obtain up to a 7 day rolling limit of 3,000 USD purchases on Circle. The daily limit of 2,500 USD on Coinbase can be achieved relatively easily and be increased further beyond that point with additional account usage and verification.

Xcoins.io

No limits

PayPal
Reference Source

No withdrawal limits with a verified account.

(6.1 Funds may only be withdrawn in US Dollars. 6.2 Depending on the degree to which you have Verified your Account, we may limit the amount you may withdraw to $500.00 USD per month. You can view your withdrawal limit, if any, by logging into your Account. In addition, we may delay withdrawals of large sums of money while we perform a risk review.)

Taxes:

PayPal

Reference Source

4.6 Taxes. It is your responsibility to determine what, if any, taxes apply to the payments you make or receive, and it is your responsibility to collect, report and remit the correct tax to the appropriate tax authority. PayPal is not responsible for determining whether taxes apply to your transaction, or for collecting, reporting or remitting any taxes arising from any transaction. You acknowledge that PayPal will report to the Internal Revenue Service the total amount of payments for goods and services you receive each calendar year into all the Accounts you own if you receive into these Accounts more than $20,000 in payments for goods or services and receive more than 200 payments for goods or services in the same calendar year.

Notes:

Get started today at Xcoins.io!
To learn more about ResoNova, visit their website at ResoNova.com
Special thanks to Edward Thompson for compiling this information and research!
If you need a bitcoin wallet, you can earn a quick $10 by opening a free Coinbase wallet here.
You can also open a free Circle wallet and get $25 of free bitcoin!
Links to the original article can be found on WillInspire.Us and Financial Freedom and Inclusion Foundation's websites!

Thank you so much for reading this article in it's entirety. Stay tuned for more great opportunities coming soon. Good luck and happy investing!

The author of this article is not a financial advisor or tax professional. You should always consult with a licensed profession when regarding you financial investments and tax situations. Do your own research into all aspect of your investments and do not invest in something you do not understand. Always remember the first rule of investing, never invest more than you can afford to lose!