Category : Earn Bitcoins

Bitcoin Earn Bitcoins Review

Is bitconnect scam or legit? What is bitconnect.co?

Is bitconnect scam or legit What is bitconnect

Bitconnect.co is creating a confusion amongst people that they are investing in cryptocurrency but, they  are not the real side it just the opposite. It is the Ponzi pyramid hybrid a package of illegal and unsustainable schemes. It is the fraud operation to be clear.

Their real business is the combination of Ponzi and Pyramid scheme. They are taking advantage of the people’s confusion between publicly tradable altcoin and bitconnect i scheme.to be precise:

  • Affiliates can invest $100 to $1000 and receive up to 40% a month for 299 days.
  • Affiliates can invest $1010 to $5000 and receive up to 40% a month for 239 days and also a bonus 23.9% ROI.
  • Affiliates can invest $5010 to $10,000 and receive up to 40% a month for 179 days and also a bonus 35.9% ROI
  • Affiliates can invest $10,010 to $100,000 and receive up to 40% a month for 120 days and also a bonus 30% ROI.
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What are Bitcoin Faucets? Bitcoin Guide for Beginners

Bitcoin-Faucet

Bitcoin faucets is basically a rewarding system completing a CAPTCHA. The bitcoins are rewarded in the form of a faucet, a faucet equal hundredth of a thousandth of a bitcoin. And they are called “Satoshis”. There are other faucets also, who dispense other cryptocurrencies instead of just Bitcoins.

The purpose of presenting Bitcoin Faucets:

The basic aim of websites presenting faucets is to increase the traffic of a website. Faucets attract high traffic. Faucets are also a great way to help people get to know bitcoins and spread awareness about them.

Faucet owners make money by placing advertisements and charging them highly. They get big money out of it; otherwise, why would someone be just distributing bitcoins to random people on the internet!?

The business model and goal is to get cheap traffic in and get them to click on the ads, making money out of it.

 

Btc-Crypto-Currency-Bitcoin-Faucet-1412584

The best bitcoin faucets:

The list is quite long as there are so many bitcoin faucets in the market. Some of the best are, freebitco.in, faucetboy.xyz, coinlack.com etc.

Visit these websites and start collecting your Satoshis.

Referral Scheme:

When using Bitcoin Faucets, you can also double your profit by 50% if your referrer someone and they start using faucets too. A variety of bonus schemes are also running every day, which makes this whole business fun!

However, if you have advert blocking extensions added to your browser, they will be soon detected by the faucets, and you won’t be paid! So, beware, remove your adblocker extensions before you get in the game.

So, what are you waiting for, plunge in, and start collecting Bitcoin Faucets.

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New To Bitcoin? Welcome! Here’s How To Take Those First Steps

best-bitcoin-mining-software-2666200_1280

Over with this piece of article, we are heading towards the complete discussion about the comprehensive review of what is Bitcoin. If you are new to Bitcoin then getting a hold on to with this piece of the article would come about to be much use for you. Scroll down and get the general information and interesting facts related to it.

What is a Bitcoin – Getting started with Bitcoins:

If you are working as a new to Bitcoin, then we would welcome you right at this spot for some general facts. For the beginners, we are sure that the Bitcoin would be coming up with a lot confusing and daunting thing to know. So many years back one of the famous economist named Paul Krugman, came up with the prediction as related to the power of the internet. As by this prediction, the internet will start working on the slow mediums.

In the year 2005, it was much more sure that the internet impact over the economy has been not far more significant as compared to the fax machines.  It would be appreciable if you would be looking back and praise the technology as at the time of its beginning.

There is a higher percentage of the Bitcoiners in the whole world as the individuals who are somewhat interested in the reliable payment system. They do come up with the money that is holding on to their value standards. You should not be hitting your head on the pros and cons of the bitcoin. But instead, you should be putting all your attention on the Bitcoin and the networking of the Bitcoin as the money.

Getting a Bitcoin Wallet:

You can view the image of the Bitcoin as the electronic email system too. You might do not get to know that how you should make the use of it in a better way. But it can surely be standing as one of the fair means of the communication in the middle of you. If you want to get a firm grip on Bitcoin, you should be having it and experience it practically. To get the Bitcoin wallet, you should first of all be downloading it. The wallet is a small piece of software that is to be installed on your home computer or smartphone too.

You will be setting up your email address as for money. It is quite a lot easy to avail the use of Bitcoin wallet. But still, for the beginners, they do come up with so many options too. It is ideal for the beginners, and there is no doubt about this fact.  Wallet prompts, will make you visible with the quality response code. This code is a square of black and white rectangles and other squares within squares. This box will show your email address to whom you can even name as the money address of yours.  This box will enable you to receive as well as send the bitcoin in whatsoever amount you want to buy it.

Buy Bitcoin:

As you are all done with the sending and receiving set up of the Bitcoin, you will 100% be wishing around as in buying Bitcoin with Credit Card as well. There are different kinds of ways as through which you can better achieve it.

  • You can take the best help out from your friend who is already having some of the Bitcoins as in buying Bitcoin with Paypal. It would be quite a perfect idea if you would be sitting down with some of your friends and get the first-hand look at the future money.
  • If you have enough patience, then you can wait for some time and earn with some of the amounts. You can look around and check if anyone is ready to provide you with the service which you want to get.
  • Next one of the best ways to buy Bitcoin with Paypal would be jumping into the money exchange. You can click on the site here. Be sure that you need to make at least a minimum of 50 dollars worth as onboard.

Bitcoin Technical Stuffs:

On top of some of the purposes of buying Bitcoin with Credit Card, we have come up with the avoidance of some of the technical issues in the Bitcoin. Some of them are about hash rates as well as blocks and even about the nodes. Decentralization and forks are also counted as some of the significant issues. They are much excellent to come up with the exploration and broad the technical stuff even far more appropriately.

Happy bitcoins !!

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How to Borrow and Invest Bitcoins

How to Borrow and Invest Bitcoins

The new type of currency has been made in the year 2009, which is Bitcoin, it is digital currency system accepted worldwide. Bitcoin offers the guarantee of lower transactions expenses than conventional online installment components and is worked by the decentralized authority; it is not like the currency which is issued by the Government. Today, more than $7 billion of the Bitcoin currency is in the market circulation. At the time of writing this blog post, the worth of 1 Bitcoin is around 7,000 US dollars.

There many people who are unaware that how to Borrow and Invest Bitcoins. In this article, you will learn about the procedure, just read the below content.

How To Borrow Bitcoins:

The following steps will teach you that how to borrow Bitcoins:

  • The First step is so easy, just visit the site bitbond.com, you need to enlist there as the Bitbond client, for this, you should enter your name, email address, make the password and in last give a portion of the essential data about you which will be asked there.
  • This step is necessary since you will be asked to provide your financial information to them; you must be watchful in giving this, after this, your registration is done.
  • In last, you must post the request for Bitcoins; you will have maximum 1000 characters in which you have to complete the application.

In this way, the procedure for borrow Bitcoins is completed.

How To Invest In Bitcoins:

The following steps will teach you that how to invest the Bitcoins:

  • Firstly, you have to supply your bank and financial information and let it be verified.
  • After this, you will find “Invest the Bitcoins” option or similar to that on your wallet page, you just need to click that, and set the details.
  • Your request will utilize your bank money to invest the Bitcoin.

The above methods are so simple, if you want to invest or borrow the Bitcoins then visit: bitbond.com and start trading.

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5 Step For Beginners To Start With Bitcoin Trading

5 Step For Beginners To Start Trading Bitcoin

Have you been reading our posts? Today we will focus on the novice Bitcoin traders. Here, I will bring to you an easy guide in trading Bitcoins where you will reap a profit.

Cryptocurrency trading is the new thing and Bitcoin-the oldest can be extremely rewarding in terms of the spread. By spread I mean the arbitrage profit you will get by differing market prices. That is, the global market margin is widely available. This is usually as a result of different cross-rates calculations. With this, arbitrage comes in and many people can easily exploit this by trading Bitcoins.

If you have been careful about the cryptocurrency and economic news you watch; you will realize that there is a certain criterion followed by Bitcoin and any other Cryptocurrency out there. First, it is usually volatility followed by the bubble. With each bubble, the media attention shifts focus to Bitcoin. This spread of news creates attention and Bitcoin prices become volatile. That is with the increased attention; more people start tinkering with Bitcoin which becomes a hype and then the trading. This lasts until the Bitcoin hype fades.

Trading in Bitcoin is very easy. The reason for this lies in the fact that Bitcoin is global and has very little requirements. In fact, there is little to no verification when it comes to trading.  Like any other security in the market, investors want their Bitcoins to maximize their wealth while the speculators want to gain their spread from arbitrage.

To start trading in Bitcoins, you need to join one of the many online trading companies offering CFD. This stands for Contract For Difference.

What makes Bitcoin trading easy?

The answer to this question lies in the various characteristics of Bitcoin. Some of these also lie with other cryptocurrencies but are more advanced and recognized in Bitcoin. These are:

  • Volatility: Like any good speculating security in the stocks market, Bitcoin is volatile. Its prices are always yawning and are frequent enough to for daily charts. Actually, CoinDesk BPI provides these charts on a daily basis.
  • 24-hour trading: What makes Bitcoin more profitable and better than the securities market is that it trades 24/7. Part of this lies in the fact that Bitcoin is global and there is no time limit because of the different time zones.
  • Bitcoin is decentralized: This makes it independent of the various government controls. Also being decentralized makes it global meaning that any economic control in one place does not directly affect its prices. Such controls would be the devaluation of currencies or various controls in capital markets. Actually, these measures by the governments are what makes the prices of Bitcoin rise. An example is the 2013 Bubble created by Cyprus capital controls.

These factors have made Bitcoin a favorable security to invest and speculate in. actually, the other cryptocurrencies use Bitcoin as a Benchmark when it comes to trading.

Starting Bitcoin trading

Before we head there, it is important to know a few things when it comes to Bitcoin trading. First is that China leads in Bitcoin Trading. All the data collected from the many sources show that trading volumes in China are dominating the market.

It seems ironical considering that China is one of the most restrictive states to have a flourishing cryptocurrency in the market. Some might consider this a freedom of expression since Bitcoin is independent of any state power. However, that is not the case as most if not all Chinese Bitcoin Blockchain merchants consider Bitcoin as an asset to be capitalized on. That plus the following reasons is what makes China the leading Bitcoin Trader globally.

Global Leaders in Bitcoin

China hosts one of the largest Bitcoin miners, Bitmain. Bitmain operates two pools that accounts for almost 30% of all Bitcoin processing power. The other reason for China’s dominance is that the Bitcoin trading is that the Chines government had relaxed its finance regulations. This made trading much easier. This means that the Bitcoin market was also more developed and mature than the rest of the world. In the market, leverage was always maximized by lending, options, and derivatives. Also to this is that in China, exchanges were not charged. This means that Bots could trade non-stop to increase the spread in case of arbitrages.

This, however, has changed and the market dominance has shifted to Japan. The reason for this is that the Chines government has started imposing trade restrictions on virtual currencies. This is especially so on the companies that offer Initial Coin Offerings(ICOs) such as the oldest company in China BTCC. Others such as Huobi has have been exempted but the deadline will be on October 30.  As of September this year, Japan had slightly over 50% of the global trades.

Getting started with Bitcoin Trading

The first rule of the thumb is that Bitcoin has no official trading exchange. This leaves the duty of searching testing and trading to you. Have no worries though, there rules to follow while selecting these trading sites.

  1. Location:  Where the company doing the exchange is very important. This lies in the rules, laws and the regulations of that country. Also, this goes with the type of currency the exchange is taking. The recommended action is to always take exchange company in your country.
  2. Purchasing: The mode of purchasing is important. What method does the exchange take and what will work to your convenience?
  3. Exchange fee: You need to pay a certain fee when doing the exchange. Check if it has been inflated or if any other fee stands to reason.
  4. Security: Is the website HTT or HTTPS. The authentication steps to follow when entering your account.

After going using these basics to get your preferred site; you should also be able to avoid being scammed. There are many people over the net trying to get yours over using Bitcoin scams. Try to avoid these as much as you can.

Now, there are some reputable sites where trading is safe, secure and reputable. The following is a list that I have compiled. This is according to my best knowledge and your input and addition are welcome. This is compiled in terms of USD volume from the first.

Buy Bitcoin from best Bitcoin Exchanges

  1. Bitfinex. This exchange is the first in terms of USD volume. Its daily volume is 25000 BTC.
  2. Bitstamp. The company was founded in 2011 making it one of the oldest exchanges. its daily volume is 1000 BTC.
  3. Coinbase. This was the first exchange to be regulated in the United States. Coinbase trade volume is about 8000 BTC daily.
  4. Okcoin. Since the downfall of China dominance in the market, Okcoin has taken a huge dip but its worthy to mention it in the list. It used to trade at over 9000 BTC but this has fallen to less than 1000 on the day of publishing this article.
  5. Another worthy mention is Kraken. It is the first in terms of EUR daily trading volumes at around 6000 BTC. This makes it top 20 in terms of USD volume.

Trading risks

Like any other security in the market, Bitcoin has its own trading risks. Some of these are discussed below.

  1. Leaving money on Exchange:

Bitcoin is an independent non-participant currency. Apparently many do not know this. one of the most remembered cases is the Gox collapse. During its time, it was one of the largest exchange points. It was one of the easiest ways to obtain Bitcoins but on its collapse, users left more than 800,000 Bitcoins in Gox accounts. In February 20014, withdrawals were halted and up to now not have received their funds.

The best way to avoid a case like Gox catastrophe is to use a regulated exchange.

  1. Capital risk: Your capital your risk. You should start trading at low amounts then growing to larger and larger when you start gaining profit. This you will do after learning the strategies and understanding the market signs.

Above anything else, before trading, you should search and find the best strategies to use in trading Bitcoin. There are many resources on Bitcoin on the internet that you should utilize to your fullest.

Step by Step Bitcoin trading

To trade, you will of course need to sign up an account. Kraken will be used in this excerpt as a general guide to get you started.

To open an account, go to the official website and click sing up box.

Confirmation will be done using email. Once this is done, you will log in and fill your personal information.

Once you sign up and all your levels or verification are procedures are followed. You will get the following.

 

kraken_01

By the way. Every Exchange must follow the AML and KYC laws for verification.

Once your account is set up; go to funding and select your preferred choice of funding. You will get the following screen shot.

kraken_02

As with Kraken, there are many choices of deposits to choose from.

These are:

  • EUR SEPA Deposit (Free) – EEA countries only
  • EUR Bank Wire Deposit (€5) – EEA countries only
  • USD Bank Wire Deposit (Free until 3/1/2016, then $5 USD) – US only
  • USD SEPA and SWIFT Deposit (0.19%, $20 minimum)
  • GBP SEPA and SWIFT Deposit (0.19%, £10 minimum)
  • JPY Bank deposit (Free, ¥5,000 deposit minimum) – Japan only
  • CAD Interac Deposit (Free until 3/1/2016, then 1%, $10 CAD fee minimum, $5,000 CAD deposit maximum)
  • CAD EFT Deposit (Free until 3/1/2016, then 1%, $10 CAD fee minimum, $50 CAD fee maximum, $10,000 CAD deposit maximum)

The deposits are different. With the banking system, the deposits take a maximum of three working days to process while with Bitcoins it can take about an hour but with six different confirmations.

To begin trading, select Trade tab. You can switch the trading pairs to match which you want using the black bar. To begin our trade assuming a $300 deposit in the account, select new trade. Here, you see that Bitcoin is trading at 0.5XBT for $37O per Bitcoin.

kraken_03

On checking the last trade, the price was $383.17.

The reason for this is because, one may submit at a lower price than the current one. This is done when expecting a fall in the prices of Bitcoin. Since in this case my bid is lower than the market price; my order will be processed later than the others. This is so because of placing an order through the Limitorder. This places an order by a particular price. Before placing an order, you should check the orderbook for your trading pair before deciding the price.

An example is the following:

kraken_04_bitcoin_order_book

As you can see, there are various prices through which people have placed their orders. You can skip this by placing an order through the market price. Such as the following:

As such, the market order will submit a buy order at the lowest possible available sell order which is 0.5XBT at $384.07 per XBT. If it is selling, it will place at the highest sell order of which is $382.5.

If you liked this blog post, please follow us on Twitter @coins_iq and also make sure to subscribe to our e-newsletter to receive the best and latest information on bitcoin, cryptocurrency, crypto trading and bitcoin investment!

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