BitConnect Lending Program

Hi, after a long time a new post. How to use BitConnect lending program. How to invest?

BitConnect Lending guide ~ Step by step guide to earning up to 40% a month!

I’m going to go straight to the point to show you step-by-step how to lend to BitConnect and earn up to 40% of your investment in one month with BitConnect Lending.

Note however that you don’t have to wait for 30 days before withdrawing. Your earnings are paid and made available for withdrawal daily. How much you get paid daily however depends on BitCoin Valatility

The Lending investment opportunity is some excellent method to help you earn Bitcoins daily. As Bitcoin value is constantly growing, it looks absurd not to try out what BitConnect is offering.

BitConnect Lending – Step 1: Sign up to BitConnect It’s absolutely free!

You will have to determine how much to invest. The minimum required is $100. The more you  invest, the more you earn. My first investment was $230 on OCT and I already earned for so far $70.

Looking at the table above, $1010 seems to be an excellent startup point. Also take note of the Capital Back days.

Once you sign up, look at the security area of your account to make sure your security rating moves up to at least Medium.

BitConnect Lending – Step 2: Grab your Bitcoin address

You will need to send Bitcoin worth your investment to your BitConnect account. You have a unique Bitcoin address within your BitConnect dashboard.

Locate the BITCOIN WALLET tab and click the green button to show your unique Bitcoin address. Send your Bitcoin to the address and wait for its confirmation on blockchain.

Once completely received, you will now have to buy BitConnect. Don’t worry this is going to be very simple. You need to convert your deposited Bitcoins to BitConnect before lending.

On the left menu, click BCC EXCHANGE

Now, this takes you to the exchange page. What we want here is to buy Bitconnect. Remember we just deposited Bitcoins to our BCC account. To be able to lend and earn daily, we need to purchase BCC coins.

You will have to wait for your buy order to be picked by someone in the market. Usually, it takes just a few minutes. However, adjusting and making a better offer can be quicker.

BitConnect Lending – Step 3: Lend to BitConnect

We deposited Bitcoin in our BCC account. Next, we’ve bought BitConnect Coins. Now we need to move to the lending option.

We will give BCC our coins so they pay us daily bonuses from their tradings.

On your dashboard, locate the “LEND BITCONNECT/REINVEST” section. Click the Lend BitConnect button to pop the investment window.

In the Window that pops up, you will have to enter (in US dollars) the amount you want to invest. Note that the amount must be in tens: 100, 110, 1010, etc.

Once you enter the amount in dollars, you will have the equivalence in BCC.

Make sure to check the box to accept the terms just below the window. Once it’s all set, click the Pay from Bitconnect wallet button.

That will be all. All you have to do is wait for your endings to start the following day at the same hour you just made the investment.

Compounding in BitConnect Lending

Compounding is simply reinvesting your interest. In other words, it means generating earnings from your previous earnings.

In step 3 above, just click the Reinvest button to compound your earnings. The minimum required is $10 and that is counted as a separate investment.

For many investors who want to increase their capital while mitigating risk of losing funds earned from other businesses, reinvesting is a recommended option.

Your daily interests are accrued and deposited in your Lending Wallet.

Any risk in BitConnect lending?

There is a risk factor in any business you do. You may want to withdraw your daily earnings and be sure to recover your initial deposit before compounding.

However, if you want to use your earnings to increase your investment capital, go with the compounding option. The bigger the risk, the bigger the income.

CLICK HERE to sign up and start earning today!

This was the short lending guide to start with BitConnect. I saw a lot but it was to much. Hereby the short version of it.

Happy Investment!

Seravi

 

 

What is BitConnect?

Another update from me, I have talked with some investors and users about BitConnect some people they said it’s scam an other they said is legit. For me it’s not legit and not a scam because they are paying out there investors includes me.

So the big question here is how long it will take and when will BitConnect fall down. I hope it will take some years because I need about 3 months to get my investment back and after that all my earn is profit.

Let’s get to the products of BitConnect

Bitconnect is one of the more controversial projects within the cryptocurrency and despite briefly breaking into the CoinCodex top ten it continues to divide opinion. Bitconnect emerged on the scene in January with BCC then worth just $0.16; Bitconnect currently holds a market cap of around $569,529,980 with each one of its 2,138,092 BCC coins trading at a price of just under $266. As a result of its recent success, the project has attracted a large amount of attention and it’s time to take a closer look at this particular cryptocurrency.

The Idea

Bitconnect markets itself as open source, community cryptocurrency and displays this description on its homepage “Bitconnect is an open source, peer-to-peer, community driven decentralized cryptocurrency that allow people to store and invest their wealth in a non-government controlled currency, and even earn a substantial interest on investment. This means anyone holding BitConnect Coin in their wallet will receive interest on their balance in return for helping maintain security of the network”.

The site also promises to allow individuals to gain financial freedom with a secure and practical alternative to centralized banking and claims to facilitate financial independence. Bitconnect offers a number of different ways for their “investors” to interact with their organization.

The Business Model

Staking:

Bitconnect allows users who have purchased BBC to accrue interest and promises returns of up to 120% per year through PoS minting. Users who hold coins in a Bitconnect-QT wallet will receive interest on their balance.

Trading:

BCC holders can also trade the coin and try to profit by selling them at a higher price and buying them back at a lower price. Investors are prompted to use Bitcoin to purchase BCC from the BCC exchange.

Mining:

BCC can be mined with CPU/GPU equipment and miners can choose to work via a BCC Solo Mining Proof of Work system or through the BCC Pool Mining system.

Lending:

Bitconnect also offers the option to invest BCC via a special lending platform and this involves using the Bitconnect trading bot and volatility software. Lenders are promised to receive daily profit based on their investment option with the following options available.

Bitconnect appears to be a passive income solution that generates “easy money” for BCC holders and the promise of high returns has proven to be alluring for early investors. Upon examination, the Bitconnect system throws up a number of red flags.

Red Flags

The Bitconnect system requires investors to purchase BCC by depositing Bitcoin on the BCC exchange, this exchange accounts for over 95% of all BCC trading, resulting in the price of BCC being susceptible to manipulation.

Investors are also promised enormous returns with figures ranging from 100% to 500% depending on extra bonuses; this is all achieved with a coin that experienced 24 hour trade volumes of just $9m up until October.

The project also relies on a dubious referral system; and investors who buy BCC and lend it to earn interest can increase their gains by referring Bitconnect to others. A pyramid system of referral bonuses means that investors reach the highest tiers of interest when BCC holders that were referrals also go on to bring in new referrals.

The project is also shrouded in mystery as the team and trading bot system are unknown. In addition, the entire project is massively overvalued with just 25% of coins in circulation currently generating its current market cap. With all its coins in circulation Bitconnect would achieve a market cap of over $6bn, similar in size to Ripple’s XRP which has a market cap of around $8bn.

Conclusion

After taking the time to further analyse the Bitconnect project it is still unclear who is behind the project, exactly how it works, or if BCC has any actual use. Bitconnect also employs a number of dubious methods in order to operate and promote its business. The business model outlined by the company is economically unsustainable with the current level of returns unable to be validated by any legally known investment system. The Bitconnect project also generates a large amount of negative feedback from within the cryptocurrency community with accusations that the project is actually a “scam” or “Ponzi scheme” being actively discussed. As a result, we have taken the decision to distance ourselves from this project, remove it from the top 100 by market cap list and place a warning on Bitconnect page.

Happy investments!

Reinvest with $10 on Bitconnect

After 5 days I got my first $10! So it was time for me to reinvest this amount to get more out of it. As you can see on the picture above I reach the goal after 5 days of my $230 investment. Now I have $0,03 in my lending wallet.

If you can lend more than you get quicker to the wanted goal!

Happy Investments!

 

My Journey at Bitconnect program

This blog is made for my own story. I’ll post and update my own story, in this blog.

This is my first post. I’m Seravi(23) from The Netherlands. A long time of own research I did my first investment on Bitconnect. On OCT 14, 2017 I did a investment of $230.  Updates infrequently

After a while I will be invest in HYIP stands for High Yield Investments Programs too. If you now any good HYIP programs just tell me.

Happy Investment!
https://bitconnect.co/?ref=seravi