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How Do I Add A Sponsor To Bitconnect After Ive Register

Written By Saturday 4 June 2022 Add Comment Edit

How to Lend Money with BitConnect, to Earn Effectually ane% per Twenty-four hours Compound Involvement

  • Why you should invest lend coin to receive involvement
  • What the BitConnect lending programme is
  • How to lend with BitCoin to receive interest. This includes how to prepare up security, how to buy BitCoin, how to lend/re-invest and how to release your profits (back into your chosen currency, BitCoin or other Cryptocurrencies)

BitConnect allows yous to invest money for a menses of fourth dimension (120 days to 299 days depending in your lending amount), for an average of over 0.94% per day (based on the current six month moving average).

On peak of the daily return (which fluctuates), you can earn a guaranteed per centum of between 0.i% and 0.25% per day. This ways that you can earn an boilerplate (based on the current vi month moving boilerplate) of betwixt 1.04% — 1.19% per twenty-four hours on coin that y'all lend them.

The above tabular array shows that you tin lend from as little as $100. You can re-invest your profit on a daily basis, from every bit little as $ten. This form of compound interest really does add up in an impressive style.

No bank savings account, pension, ISA or other traditional form of savings will give you anywhere near this level of render.

Merely as the Internet brought a rapid modify to sharing information, ideas, cognition and the depreciation of traditional media (e.g. newspapers, magazines, video rental and television), Cryptographic Currencies are bringing a rapid modify to how money is used in its conventional sense, how people will see and use money in the hereafter volition be very different to how it is handled (fifty-fifty thought of) today.

With change comes opportunity. At the outset of change is volatility — this is where you lot can make the most profit. Right now, we are at the early on stages of the Cryptographic Currency revolution — it'southward like the Wild West. BitConnect trades BitCoin (and in 2018 it is planned to as well trade other coins), when trading, profit can be made when the prices are volatile, not when prices are static; the more than volatile the prices, the higher the potential return.

Andreas Antonopoulos giving a presentation on How BitCoin is changing the world

BitConnect is a company that specialises in making profit from Cryptographic Currencies (east.g. BitCoin), only as traditional banks specialise in making turn a profit from traditional (FIAT) currencies (non-convertible paper money made legal tender past a government decree e.g. USD, EUR, GBP, AUS).

But like conventional fiscal companies, BitConnect performs multiple financial related functions, which let them to generate profit. Similarly to their traditional counterparts, they incentivise the public to concord their money with them, by providing financial incentive (such every bit paying interest).

  • BitConnect themselves, buy and sell digital currencies such as BitCoin. A percentage of profit gained from this is returned to the customers on a daily basis. The more than volatile the Crypto Currency market place is, the more opportunity there is to make profit. The daily per centum value is e'er presented one mean solar day in advance
  • Customers (with specialist computers) tin create/mine BitConnect Coin (BCC) in return for payment. These coins mathematically go harder to mine as time goes on which helps ensure that their value goes upward due to supply and demand
  • Customers can merchandise (purchase and sell) BitConnect Coin (BCC), to take financial advantage from fluctuations in BitConnect Coin
  • Customers can stake/hold BitConnect Coin (BCC) in return for payment (interest)
  • BitConnect incentivise their customers to go along money held on the BitConnect platform (past offering interest, ease of payments via Debit Menu, etc.). This allows BitConnect to leverage better deals with more than fiscal bankroll
  • The BitConnect debit card allows users to load, transfer and spend several currencies for purchases every bit well as ATM withdrawals

Many people think that BitConnect is likely to be a scam, Pyramid or Ponzi scheme, perchance a scam where the company builds up a large amount of money, then disappears with it all.

I don't recollect this is the instance.

  • BitConnect started its lending plan in January 2017 (come across https://bitconnectcoin.co/roadmap). Since this time, at that place have been no outcries from users telling of any significant issues with the system — i.e. people have not lost money, people have not had difficulty with withdrawing their money, etc.
  • If you lot read BitConnect related Facebook groups, you will see a lot of scaremongering, just these are always counteracted by active lenders who portray their positive experiences with BitConnect
  • BitConnect take had a healthy (and rapid) state of development in 2017 and the 2018 roadmap shows that they are introducing new features and methods for the visitor to generate profit — as well as introducing new functionality for the client (such as the prepaid debit card and a decentralised Crypto Currency substitution organisation that accepts both FIAT and Crypto Currencies)
  • BitConnect has quickly grown to be one of the largest (and well known) Crypto Currencies by Market Cap, then the chance of it being 'dodgy' and 'doing a runner' is extremely low

The BitConnect website is very secure.

  • Provides data privacy, data integrity and server identity validation
  • Makes identification of the user (yous) very secure
  • An additional layer of security when sending or receiving money from your main wallet. This can exist stored offline (I.e. printed), so not accessible by electronic ways
  • Prevents login to the site from unauthorised web browsers and devices
  • Stores a log of previous login'due south, which you can review
  • reCAPTCHA ensures that humans (not bots) are attempting to log into the website
  • BitConnect displays details of the previous login
  • Data sent between your device and the BitConnect website is individual and secure
  • Your authentication to the BitConnect website is washed in a secure manner and you can review previous logins
  • Certain actions require an additional level of validation, across the already secure login process

BitConnect is not regulated or backed by a fiscal services body (only its data is self-regulated via the blockchain), therefore it cannot exist deemed to be every bit controlled, managed and low risk as companies that are (e.chiliad. regulated banks, investment companies and registered fiscal services).

However, and so far; in that location have not yet been whatsoever reports of ill intent, lost money or brusque-sightedness. The development milestones that they announced in 2017 have all been met and the objectives in 2018 look promising.

Their marketplace cap increased rapidly and significantly in 2017, placing them in the acme xx of all Cryptographic coins by marketplace cap.

Just similar conventional financial companies, BitConnect performs multiple financial related functions, which allow them to generate profit. Similarly to their traditional counterparts, they incentivise the public to concur their money with them, past providing financial incentive (such as paying interest).

  • BitConnect themselves, buy and sell digital currencies such as BitCoin. A percentage of turn a profit gained from this is returned to the customers on a daily basis. The more volatile the Crypto Currency marketplace is, the more than opportunity at that place is to make turn a profit. The daily pct value is always presented one mean solar day in advance
  • Customers (with specialist computers) tin create/mine BitConnect Coin (BCC) in render for payment. These coins mathematically go harder to mine as time goes on which helps ensure that their value goes up due to supply and need
  • Customers tin trade (buy and sell) BitConnect Money (BCC), to take financial reward from fluctuations in BitConnect Coin
  • Customers tin stake/agree BitConnect Coin (BCC) in render for payment (interest)
  • BitConnect incentivise their customers to go along money held on the BitConnect platform (by offer interest, ease of payments via Debit Bill of fare, etc.). This allows BitConnect to leverage ameliorate deals with more fiscal bankroll
  • The BitConnect Debit Card allows users to load, transfer and spend several currencies for purchases likewise as ATM withdrawals

Yes, absolutely.

Don't take our word for it, sentinel these YouTuber'southward take money out of BitConnect.

At least $100.

You can endeavor a little to see how it goes, merely we recommend investing at least $1010 in guild to obtain a bonus.

This table shows how much you need to invest, to reach each daily bonus and 'Capital Back' return level:

  • Bank to commutation (possible charge from the bank)
  • Exchange (eastward.k. Coinbase charges 4%)
  • Moving money into BitConnect (a minor charge for this)
  • Converting digital currency (e.g. BitCoin/BitCash to BitConnectCoin)

You will too be charged committee when taking coin out of BitConnect.

In the above steps, the depository financial institution and exchange charges are the highest. The others are usually minimal.

How much turn a profit tin I await to make with BitConnect?

The current 6 calendar month daily average is 0.94%.

If you have loaned enough to go a daily bonus (of 0.1–0.25%), the daily average would be from 1.04% to 1.19%.

The 2018 roadmap shows that in March 2018, BitConnect are planning to update their volatility algorithm, besides as add more Cryptographic Currencies to trade against. This should help increment the average daily return charge per unit.

This table shows how quickly your investment money will exist returned — the more you invest (in a lump sum), the faster you go it dorsum.

Annotation that you can take out profit on a daily basis. When re-investing turn a profit on a daily basis, it takes about three and a half months for the profit earned to match the lending sum.

  • Take out profit on a daily basis (this may provide the fastest withdrawal of your initial investment, simply results in the slowest gains)
  • Re-invest profit daily, then take out profit once per month (allowing for a more counterbalanced risk/reward)
  • Re-invest turn a profit daily, and then accept out profit later on the 2d or third month (allowing for a faster accumulation of profit)
  • Take out the investment once it is returned (encounter the above tabular array for when this will exist)
  • Accept out the investment 1, 2 or 3 months afterwards the 'Uppercase Back' appointment — this provides a higher accumulation of profit, with slightly more gamble to your initial investment
  • Once you invest, you lot cannot withdraw your money for the elapsing shown
  • The daily percent charge per unit is not guaranteed and is only known one day in advance. It is determined by the volatility of other Crypto Currencies (not something that BitConnect has control or influence over)
  • Note that even the minimum bonus rate of 0.one% per day is actually very expert
  • Because BitConnect is not regulated, the worst-case scenario is that information technology could disappear, with the loss of all customers' money
  • Note that this hasn't happened yet and BitConnect has quickly grown to be one of the largest (and well known) Crypto Currencies by Market Cap, so the chance of it being 'dodgy' and 'doing a runner' is extremely low

BitConnect are being purposely secretive when it comes to who owns and runs the visitor. They don't share this information on their website — this might be for security reasons.

BitConnect are being purposely secretive when it comes to how they utilise and run a bot, to automatically buy and sell digital currencies. The lending page on their website simply says:

You can invest BitConnect coin in Bitconnect lending platform exclusively from the BitConnect Dashboard. This investment option involves profiting from Bitconnect trading bot and volatility software.

Information technology is understandable that they would not want to explain how their bot works — other fiscal services (including mainstream banks) use bots, but do not explicate how they work, in order to protect against manipulation.

For the official set of BitConnect FAQ's, delight run into the FAQ page on their website.

This isn't merely a quick-commencement guide to lending, information technology'due south a slightly longer version, to include the safest and most reliable methods of securing your money and lending.

  1. Installing a ii-Factor Authentication client
  2. Setting up a user account on an Substitution (to buy BitCoin)
  3. Setting upwardly a user account on BitConnect
  4. Purchasing BitCoin from an Commutation
  5. Transfer Bitcoin from Coinbase to BitConnect
  6. Exchange Bitcoin to BitConnect Coin
  7. Lending BitConnect Coin to the BitConnect bot
  8. Reinvesting BitConnect Coin
  9. Using BitConnectstats

Authy is a 2-Factor Authentication customer. two-Cistron Authentication helps protect your accounts online from unauthorised access.

Hither is the difference between accessing a website (such equally Facebook) with standard access vs accessing a website using 2-Cistron Authentication:

If you already have a 2-Factor Hallmark app on your phone, you can skip this footstep, if not, I recommend that you lot install Authy https://authy.com/download/

The Coinbase website allows y'all to convert real money into digital currency.

  1. Sign up to Coinbase
  2. Annotation: This is my referral link. When you utilize it, y'all and I will both receive $10 worth of bitcoin
  3. Go to the 'Settings | My Profile' folio:
  4. Consummate your user profile
  5. Become to the Settings | Security' folio
  6. In the 'Phone Numbers' department, select 'Verify a telephone' and follow the instructions
  7. In the 'Two-Factor Hallmark' section, select 'Enable Authenticator' and follow the instructions (pair it to Authy, or another 2-Factor Authentication app on your telephone)
  8. Go to the 'Security | Payment Methods' page
  9. Select 'Add together Payment Method'
  10. Choose either 'Bank Account' or 'Credit/Debit Card'
  11. Note: the 'Banking company Account' option has to exist verified and payment takes 4–5 days, but you lot go a higher limit (higher amount of bitcoin you can purchase. The 'Credit/Debit Carte' option, doesn't crave validation, and then you can utilize it straight abroad, although it takes a while to build up the credit limit.
  12. I have simply used the 'Credit/Debit Bill of fare' option so far and currently take a buy limit of £3000 per week

When you lend money on BitConnect, they pay you interest every day.

  1. Sign upwards to BitConnect
  2. Note: This is my referral link (https://bitconnect.co/?ref=Techboy), each time y'all lend money to BitConnect, I will earn committee (this doesn't cost you anything). In return, I volition give y'all personal help and support, as well as give y'all full access to the BitConnect Stats site that my brother and I developed
  3. Go to the Security page
  4. In the 'Ii-factor authentication' section, follow the instructions to gear up up Two-factor authentication (Note: You don't need to use Google Authenticator, I adopt Authy. Y'all tin can use any Ii-factor application that you desire)
  5. In the 'Code carte du jour' section. Follow the instructions to enable the code card. Keep these numbers safe
  6. Note: Once you consummate the above steps (you lot might need to look an hour), if you go to the Security page, information technology should say 'Your business relationship security level is: High'

Annotation: You lot need to purchase Bitcoin, which you will and so exchange for BitConnectCoin. The beneath table shows that as you increase the lending corporeality (per lending transaction, not the accumulative level of capital), your daily bonus and speed of render on your investment are improved.

When purchasing Bitcoin, there is a 4% fee. At that place is also a small fee when purchasing BitConnect. Too, there is a weekly buy limit when purchasing Bitcoin from Coinbase. All of this needs to be taken into account. I recommend that you buy about $1,300 Bitcoin (which might accept you 2 weeks, considering of the Coinbase purchase limit), to ensure that later on commission, you will invest over $1,010. You can of class invest anything over $100 initially, to get comfortable with the whole procedure.

  1. Go to the purchase page
  2. Select:
  3. Buy
  4. Bitcoin
  5. Payment Method = <Banking concern or Visa (I use Visa)>
  6. Click in the box that says 'GBP' and select 'Buy Max' (for me this is £500)
  7. Note: The BTC box will be populated with the amount of Bitcoin (BTC) that y'all will exist purchasing.
  8. The section on the right will show the payment details, including the fee and subtotal
  9. Select 'Buy Bitcoin Instantly' and follow the instructions
  • Get to the BitConnect Money Wallet page
  • In the section 'Receive Bitcoin (BTC)', select the push button 'Deposit Bitcoin (BTC)'
  • It will display your wallet e.k.:

  • Copy the long string of characters (this is your wallet address), brand sure you copy it exactly. Yous now need to send Bitcoin to this address
  • Go to your Coinbase Accounts page
  • In your Bitcoin wallet, you should see the Bitcoin that you purchased earlier
  • Select the 'Send' button
  • Paste in the wallet accost that yous got from BitConnect (higher up)
  • Send
  • Moving coin via Bitcoin might be very slow — information technology might have over an hr for the money to move from your Coinbase business relationship to your BitConnect business relationship (the longest information technology has taken for me so far is eight hours). If you select xxxxx you can see how many validations the transaction has had, it generally needs at least 16 validations before the money can be transferred (don't worry, be patient)
  • Go to the BitConnect dashboard
  • In the section 'Receive Bitcoin (BTC)', under 'Incoming bitcoin transactions', subsequently a while (30 minutes?) you will see your incoming transaction. Simply equally higher up, y'all can see the details of the transaction and how many validations it has received so far
  • Once the transaction has been validated and received, information technology will show up as the bottom of the BitConnect dashboard and at the top-right of this page, in the 'Bitcoin Wallet' section
  • Go to the BitConnect dashboard and select 'Commutation' in the summit right corner of the screen (adjacent to the 'Bitcoin Wallet'. This will take you to the 'BCC Commutation' page (https://bitconnect.co/user/merchandise?Market=BCC), which you tin can also get to using the 2d icon from the acme, in the bill of fare on the left of the folio
  • Make a notation of how many Bitcoin you take (see your Bitcoin Wallet in the height right corner of the screen)
  • In the section 'Live Orders | Selling Orders', look for the cheapest lodge bachelor, which has the aforementioned or more number of Bitcoin that yous are looking to transfer into BitConnect

  • Click on the '-' in the blue box, next to the trade that you would similar to buy from. This will populate the text fields within the section 'Buy/Sell BCC'

  • Ensure y'all have sufficient funds bachelor. Adjust the 'Total' value to lucifer the amount of Bitcoin you take if you lot don't (select 'All')
  • Select 'Buy BitConnect Coin'
  • One time y'all accept used your Bitcoin to purchase BitConnect Coin, at the top of the page, y'all will see that the BitConnect wallet now has a value and your Bitcoin wallet no longer has a value
  • Go to the BitConnect dashboard
  • Write down the amount of BitConnect that you lot accept in your BitConnect wallet (shown at the top of the folio)
  • In the section 'Lend BitConnect/Reinvest', select 'Lend BitConnect'

  • Enter the 'Corporeality in dollar' value, until the 'Amount in BitConnect' value is at, or but below the corporeality you have (you wrote this downward in the step above). You tin only add the 'Corporeality in dollar' value in multiples of $ten
  • Once y'all have the correct value, scroll downwards and tick, to accept the 'Terms of use'
  • Select 'Pay from BitConnect wallet'
  • The transaction will show at the lesser of the page, also in the Transactions department of the website (https://bitconnect.co/user/transaction) — notation that transactions might take half an hr to appear

Each twenty-four hours, you will earn involvement in your upper-case letter. The interest rate is variable (always divers 1 day in accelerate). You need to log onto the BitConnect website in order to reinvest the interest — this takes less than 2 minutes to do from a mobile phone (unfortunately at that place is no mode to automate this).

  1. Go to the BitConnect dashboard
  2. At the pinnacle of the page is the 'Lending Wallet'. You need at least $10 in here before you lot tin re-invest
  3. In the section 'Lend BitConnect/Reinvest', select 'Reinvest'

  1. Click on both of the 'All >>' buttons, this will update the 'Total' value
  2. Click on 'ReInvest' and confirm

With BitConnectstats (created by KevinUK and I), yous can forecast potential profit and calculate when you should re-invest your profit, to give you the maximum return, in the shortest time (taking into account the bonus levels, profit achieved and then far, referral gains, forecast income, coin y'all take already withdrawn, etc.).

  1. Contact me on twitter or LinkedIn for a costless user account on https://www.bitconnectstats.com/
  2. Sign up to https://www.bitconnectstats.com/
  3. Each time you lot make a loan or re-investment, enter it in the Loans page
  4. Note: Yous can enter pretend loans and re-investments here to come across how much profit you lot could make from them
  5. From the Stats folio, you can view:
  6. Date = appointment
  7. Total On Loan = total Investment on Loan
  8. Involvement Charge per unit = the interest charge per unit given per solar day
  9. Annotation: All history and tomorrow's interest rate is known. Past this, the six calendar month moving average is used
  10. Daily Interest + Bonus = the amount of turn a profit gained/forecast for that day
  11. Reinvest Amount = the amount of money that you should reinvest that solar day, to requite you the fastest capital growth (run across how it changes to $0 when building upwards to $1,010, every bit this will give yous an additional 0.01% bonus per day)
  12. Lending Wallet Balance = the corporeality of money you will have in your lending wallet
  13. Loan Release Appointment = the release date that your loan/reinvestment will exist available for release

BitConnect has a referral program. When you register an account on BitConnect, in the pinnacle left of every page, you volition see your referral link (mine is https://bitconnect.co/?ref=Techboy).

When you get others to subscribe to BitConnect using your referral link, you lot will earn five% commission each time they lend.

Only expect, there's more! It's a iii tier system!

  1. People that sign up to BitConnect using your referral link will give you a commission rate of 5%
  2. If your first tier (directly) referees refer other people, you will earn 3% from them
  3. If your 2d tier referees refer other people, you will earn 2% from these people

BitConnect's 3 tier referral program

Profit accumulated in your BitConnect account shows as a Usa Dollar value. When y'all decide to take value out of your business relationship, at that place are a number of means to do this.

  1. USD value -> convert to BitConnectCoin (this is washed within the BitConnect website)
  2. BitConnectCoin -> purchase another Cryptographic Currency (e.g. BitCoin, Etherium, LiteCoin, etc. This can exist done within the BitConnect website, or on external exchanges)
  3. 'Another' Cryptographic Currency -> buy FIAT currency (eastward.thousand. USD, EUR, GBP, AUS, etc. This must be done on an exchange)

I am personally looking to move away from FIAT money (I generally use GBP), to apply Cyrptocurrencies as my chief store of currency. For an caption of how I personally store and spend Cryptographic currencies, see my commodity:

Most people I take spoken to are reluctant to fifty-fifty consider investing on BitConnect.

  1. It sounds as well proficient to be true (1% compound interest per day — whaaaaaat?!?!), and so it must exist a ponzi scheme
  2. It's an unregulated Internet based website that could accept all my money, the disappear one day
  3. Someone could hack into the BitConnect and steal all of my money
  4. I don't empathize the lending process
  5. It sounds likewise complicated for me to use
  6. I haven't got the time to practise this, forth with my solar day task
  1. Compared with standard backing processes and share schemes, theses returns are very loftier. All the same, in terms of manually twenty-four hours-trading (or swing-trading) Cryptocurrencies, these returns are actually very low. When trading Cryptocurrencies manually, you can look much higher returns (making x–40% per day on trades is not uncommon)
  2. The BitConnect lending program has been available since early 2017 and has a proven rails-tape, with no pregnant complaints from its userbase. I have personally been using the service since September 2017 and have not had whatsoever issues. Information technology has hit every development milestone on its 2017 roadmap and the features specified in the 2018 roadmap look promising
  3. The BitConnect website has a lot of opt-in security features (as I have detailed in a higher place), which indicates that they take security very seriously. With the amount of money that they are handling on a daily footing (their market cap is increasing), they cannot afford to be complacent when it comes to security. The website they are using is actually a white-characterization site — other sites use the same software! I accept non heard of whatever issues with the security. Also, the transactional data is stored on a blockchain — this is developed to exist a highly secure method of trancsacting and storing data
  4. You don't need to fully understand the lending process — in simple terms, BitConnect receives lot of coin from customers (such every bit you lot and I), it then uses this money to leverage gains when the price of BitCoin goes up or down. Gains are made and then the value of BitCoin is different over a 24 hr menstruum — the greater the difference, the greater the return. The return is distributed to the customers of the arrangement — on meridian of this, customers can ensure a daily bonus of between 0.1 and 0.25%
  5. The initial setup is quite fiddly — but you only need to exercise information technology once and if you follow the instructions I have provided above, you'll be fine. After the initial setup the lending and re-investment process is very like shooting fish in a barrel
  6. I ordinarily access the site from my mobile phone and tin can log on and perform a re-investment in literally but a couple of minutes — this is done one time per twenty-four hour period, on days when you need to re-invest (I employ the website BitConnectStats to let me know which days I should reinvest my brother KevinUK and I adult information technology)

This commodity gives gives all the information you need to go fully upwardly and running on the BitConnect lending system.

  • Ask questions in the comments section below
  • Join me in the BitConnect Stats Facebook group

If you lot would like personal assistance from me (helping with setup, re-investment questions, etc.), I'm happy to offering help over WhatsApp, Skype, Google Hangouts, Facebook, etc.

For this, please add me as a sponsor on BitConnect by using my my referral link (https://bitconnect.co/?ref=Techboy) if you oasis't already registered on BitConnect, or if you lot have already registered, you can add together me every bit a sponsor from within the BitConnect website.

Once you've added me as a sponsor, please go in touch over twitter or LinkedIn with your question and how you would like me to become in touch with you lot. I will as well fix you up with an account on https://www.bitconnectstats.com/ for free, so you can meet your optimal dates for re-investing (i.eastward. to get the best gains in the shortest time)

How Do I Add A Sponsor To Bitconnect After Ive Register,

Source: https://techboy.medium.com/how-to-lend-money-with-bitconnect-to-earn-around-1-per-day-compound-interest-bc9c43da45fe

Posted by: keaneycounale.blogspot.com

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