This means anyone holding bitconnect coin in their wallet is sure of receiving interest on their balance in return for helping maintain security of the network.
The price of bitconnet better know as BCC has surge from around $0.5 to $9 within six months since its initial coin offering (ICO) in Novenber of 2016.
Bitconnect coin (BCC) has only been in the global markets for a few months, but has made quite an impression, around the globe. Going from just an altcoin concept in Q4 of 2016, BCC has set new benchmarks in market price and market cap after an incredible week of trading.
The beauty of it is that you can participate in the mining and make 30% -40% of you money every month without you do anything, Just lending that's all. The minimum you can invest is 100$ and you can reinvest as low as 10$ after your first lending, did you know the beauty of this currency is that its the fastest growing cryptocurrency now just withing six months it has move from $0.5 and the price is now $65 per coin and you can withdraw it directly to bitcoin withing the dashboard, It has a direct bitcoin exchange and it is on the coin market.
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Introduction
Today I want to introduce you to an interesting new investment program called Bitconnect Lending.This is part of the BitConnect community platform, and I’ll explain the difference in a bit.If you want to invest in cryptocurrencies, but also want to avoid the high volatility that comes with it, Bitconnect might be the right thing for you! Why?
- Bitconnect Lending offers a steady daily payout of around 1%, meaning you can make use of the compound interest effect by reinvesting your payouts daily
- Bitconnect Lending also comes with a multi leveled referral system, in case you want to spread the word and profit even more
Business Model
Before I tell you in more detail about the business model, let me clarify a few things regarding the wording first:
- Bitconnect is the name of the community platform, which has the goal to connect people with investment opportunities and cryptocurrencies.
- Bitconnect Coin is the cryptocurrency itself, which can be exchanged on their official website or other cryptocurrency exchange platforms.
- Bitconnect Lending is the term for the lending functionality of the platform, which allows to set aside a specific amount of bitconnect coins and receive a daily profit.
I will focus here on the lending functionality and introduce you to the basic concept behind it. Basically, Bitconnect developed a trading bot that you lend money to. It then uses your invested money to trade. The bot’s trading efficiency is dependent on the volatility of the market – meaning the more the exchange rate of Bitcoin is going up and down, the more profitable it will be. You, the investor, receive a daily profit based on the trading bots results. While writing this it is at 1.07%average (30 days).
So if you are interested in making free dollar in cryptocurrency without actually participating in trading them,register here https://bitconnect.co/?ref=phabulous
I am going walk you through the whole process of investing Bitcoins in If you have not invested in BitConnect yet, feel free to use the following affiliate link here https://bitconnect.co/?ref=phabulous . I am going to keep you up to date and help you along the way with this and other investments – just contact me, if you have any further questions!
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Step 1: Send Bitcoins to BitConnect
First you need to send the desired Bitcoins you want to invest to Bitconnect. In order to do so, log into the Dashboard and navigate to BCC Exchange on the left side or click on << Exchange >> (on the top right): https://bitconnect.co/?ref=phabulous
After that you have to click on Bitcoin Deposit, see the button which I marked with a red rectangle.
Now a receiving Bitcoin address is showing up to which you have to send the Bitcoins that you buy from the exchanger or the one in your blockchain. Afterwards you just have to confirm the data you typed in and the Bitcoins will be send to Bitconnect.
That’s it. Step 1 is done.
Step 2 – Exchange Bitcoins to BitConnect Coins
It usually takes a few minutes (sometimes like up to 30mins) until the Bitcoins arrive. Do not worry. It should look like this on BitConnect Coin when navigating to Transaction and clicking on Bitcoin Wallet.
The Buy BCC part with a red rectangle, because we now want to buy BitConnect Coins from our Bitcoins. On the bottom right you see the Selling Orders, already sorted for you by the lowest bid, so you just click on the, button in order to use the lowest selling price for your purchase. The final step now is to click on Buy BITCONNECT COIN
Step 3 – Lend BitConnect Coins
For the last step you have to navigate back to the Dashboard. As you can see, the BitConnect Coin wallet value now displays your coins: For the last step you have to click on the button Lend BitConnect:
The following popup requires you to take 3 actions, from top to bottom:
- Type in the amount of dollars you want to lend. The amount needs to be a multiple of 10$ and the minimum you can lend at a time is $100 and the amount obviously has to be smaller or equal to your BitConnect Coin wallet.
- You have to mark the checkbox and agree on the terms of use.
- Click the button Pay from bitconnect wallet And last but not least a confirmation is required. You successfully lent money to BitConnect.
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