Best Interest Rates? Cryptocurrency? All You Need To Know About BitConnect
Have you ever wondered what it would be like to lend your cryptocurrency on a popular, global network? Is it profitable? Let's find out.
BitConnect was released back in 2016 and their main goal became to be the world's first P2P (short for peer-to-peer) landing platform, which would allow its users to lend their (hard earned) BTC (symbol for Bitcoin) and gain interest on their landings automatically.
What actually is BitConnect?
The main goal of this platform is to enable its users to deposit BTC into their online BitConnect wallet, exchange that BTC into BCC tokens, and lend those tokens out. Now, everything that you may have to do on this site is fully automated, except the part where you have to deposit your BTC, exchange it into BCC tokens and set the amount you would like to lend. It may sound complicated, but it is not - whatsoever.
Let's split BitConnect up into its two forms; so mainly, it is an online lending platform that enables its users to earn interest on their lendings automatically, yeah, straightforward, we just talked about it - however, in the meantime it is also a general altcoin, going by the name of BitConnect Coin (BCC).
Why would I want anything to do with BitConnect Coin (BCC)?
The whole idea behind BitConnect and its altcoin - BCC, is to enable its users and holders (HODLERS***) to earn interest automatically. Whilst you earn interest on your lendings on the actual lending platform (click here) you can also earn interest FULLY AUTOMATICALLY by holding your BCC in the official BCC wallets (that you can download by clicking here).
How can I start lending?
- Register on the BitConnect website (click here)
- Verify your email address
- Log in to your BitConnect account (click here)
- Scroll down to the section where you see two boxes labeled "Bitcoin Wallet" and "BitConnect Wallet" (click here)
- Using the Bitcoin wallet box, deposit the amount of Bitcoin you would like to start lending with
- When your Bitcoin (BTC) deposit is available in your dashboard, you will have to exchange it for BitConnect Coin (BCC) using the "BCC EXCHANGE" menu in the sidebar to your left (click here)
- Once we have received our BitConnect Coin (BCC), we need to navigate back to the "DASHBOARD" which you can do by choosing the appropriate menu option in the sidebar to your left (click here)
8.Go ahead, and choose the "Lend BitConnect" option button towards the right of your screen
9.Enter the amount you would like to lend for an active daily return, but please bear in mind that the amount has to equal to at least USD$100 (that is one-hundred American dollars) - Once you have input your investment value, you need to agree with the terms and conditions (small tickbox towards the bottom of the dialogue box)
- Finally, click on "Pay from BitConnect wallet".
Done! Watch your investment grow, and grow and grow by day.
Don't forget to leave any thoughts you may have down, in the comments section below - share your ideas, man!
(Content copied from my own blog: www.readcrypto.blogspot.co.uk)