BitConnect Lending - Beginning of my journey
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https://bitconnect.co/?ref=cryptoizotx
Introduction
I have read many articles about Bitconnect and if it is a spam. Besides some wild speculations no one actually presents a proof that this is a scam. I am willing to give it a shot and invest 3 BTC in it. With each investment you need to think about loss to win ratio. I know that I am young enough, have full time job that I will make the money I invested in it back in the worst case if I lose it all. I hope I won't because it will take me a long time to save this money again... Wish me luck. I might need it!
So here is what BitConnect promises:
Looks pretty good so far, right? Let's see if it is too good to be true!
So what did I do today:
Baby Steps: Part 1 Transfer your BTC
I transferred all the money I could invest in it to my Coinbase account.
Created an account on Bitconnect and transferred 0.14BTC to it to test it.
After 1hr or so BTC was on my account. So far so good!
3.This time I decided to transfer rest of my hard earn BTC! Back to Coinbase and transferred 2.92 BTC
Baby Steps: Part 2 Exchange it for a Bitconnect token *
BitConnect is using acronym BCC, but don't confuse it with Bitcoin Cash!!! Those are two different coins
To start lending you need to convert your BTC to BCC.
Click on the BCC exchange link (https://bitconnect.co/user/trade?Market=BCC) and buy BCC with it. They use standard interface similar to Bittrex.
Baby Steps: Part 3 Start Lending
To start lending you need to get back to the Dashboard, and click on the Lend BitConnect button:
You will see the following window, where you need to decide what will be your lending investment:
After couple seconds I received confirmation that I successfully lent $10020! And that my capital will be locked for 120 days.
The dashboard shows my Total and Active investment:
Referral - Shameless self promotion I know
Did you like my post? Please use my referral link below to sign up:
https://bitconnect.co/?ref=cryptoizotx
Links
Terms of use: https://bitconnect.co/home/terms
Mining: https://bitconnectcoin.co/guide/9/How-to-Mine-BitConnect-Coin-Guide-to-start-BitConnect-Coin-miner