BitConnect Overview
It is no longer new when we are talking about cryptocurrency in Nigeria. BitConnect is a World of bitcoin community, and it is designed for bitcoin and other crypto users to earn, learn, buy, sell and trade bitcoins to other trusted bitcoin community members directly.
What is BitConnect Coin?
BitConnect is an open source all in one bitcoin and crypto community platform designed to provide multiple investment opportunities with cryptocurrency education where it is entirely possible to find the independence we all desire, in a community of like-minded, freedom-loving individuals who, like you, are seeking the possibility of income stability in a very unstable world.
What Determines, Affects, and Influences BitConnect coin Price and BitConnect ecosystem?
BitConnect Coin price is a perceived regard for its supply and demand features designed during Bitconnect coin algorithm. The future value of BitConnect Coin is a result of many aspects coin supply mining and minting algorithm, BitConnect community network, and its features. This article discusses the most important factors that lead its users to consider BitConnect coin to be valuable as of now and in near future.
The moment you acquire BitConnect Coin it becomes an interest-bearing asset with Up to 120% return per year through PoS minting. All you have to do to earn with this method is to hold coins in your Bitconnect-QT wallet. This means anyone holding BitConnect Coin in their wallet will receive interest on their balance in return for helping maintain the security of the network. Learn more.
WHAT CAN YOU EXPECT FROM BITCONNECT COIN?
- Empower yourself with open source platform connecting you socially and financially to a secure protected community of investors and lenders.
- Boost your finances with the BitConnect Coin investment tool with the maximum coin limitation of 28 million.
- Connect with your community and increase your wallet when your coin price increases exponentially allowing you to gain interest in a bright future.
- Seize your edge. You are ahead of most with Bitcoin knowledge and opportunities for continued financial growth.
- Secure your future by gaining quick profit growth for tomorrow that is practical and attainable.
- Lock in your security by taking control of your finances with a safe and easy way to ensure success. BitConnects POW/POS (Proof of Stake) protection keeps BitConnect decentralized. All transactions are performed directly between the users and not a centralized third party.
IMPORTANT TIPS:
- Earn from BitConnect Coin trading. This investment option can be used to profit from price fluctuation of BitConnect Coin. You can buy BitConnect coin at a lower price and be selling them at a higher price. You can also be profiting from downward movements in BitConnect coin price by selling them at a higher price and buy them again at a lower price and pocketing the price difference. If you want to profit from short selling, you have to own BitConnect Coin in the first place.
- Earn from BitConnect Coin Mining. BitConnect Coin mining is the process by which new BitConnect Coin are generated. BitConnect coin can be mined with CPU/GPU and does not need an ASIC miner like Bitcoin does. If you want to earn BitConnect Coin through mining, you will require CPU/GPU. Learn more.
HOW TO STAKE BITCONNECT COIN AND EARN INTEREST ON YOUR BITCONNECT COIN HOLDING?
To Earn interest on PoS minting BitConnect Coin, follow the below steps:
1. DOWNLOAD BITCONNECT WALLET FOR YOUR OPERATING SYSTEM.
In order to mint POS BitConnect coin, you’ll need a BitConnect coin wallet. You will need to wait for the blockchain to download if this is your first time using the wallet. Be patient it can take awhile.
Register for a BitConnect wallet system
Download the wallet software for Windows operating system.
2. START STAKING BITCONNECT COIN IN WALLET ADDRESS.
All you have to do to earn with this method is to hold coins in your Bitconnect-QT wallet. Your earnings are based upon the number of coins, or “stake,” you hold in wallet software. The more you hold, the more you are likely to earn.
(Remember: You require to hold your coin minimum for 15 days to start earning Staking interest. You will see PoS minting Block in your wallet after 15 days, the number of the block you earn is based upon the number of coins you hold in wallet software)
3. ENCRYPT YOUR WALLET WITH PASSWORD (OPTIONAL)
Ensure your wallet is encrypted with a good password. A secure password is needed to ensure your coins are safe. Keep a copy stored somewhere safe or do not forget it, if you do your coins are lost forever.
The wallet encryption option can be found under the settings tab in the Bitconnect-Qt wallet program.
4. UNLOCK YOUR WALLET TO START MINTING (OPTIONAL)
You will need to unlock your wallet to start minting.
5. BACKUP BITCONNECT-QT WALLET
To be on a safe backup guide of BitConnect wallet
6. CONGRATULATIONS! BITCONNECT COIN MINTING IS STARTED NOW.
You can check the minting status of the wallet by viewing the small padlock at the bottom right corner of the client window.
After a few minutes, it will show as unlocked. Hover your cursor over the padlock to check the minting status, as it will tell you the wallet is unlocked for minting only.
For more information on How Does Bitcconect Coin work, Visit Bitconnect Website
If you have used this Bitconnect website share your experience (share your sponsor code to refer new user) or if you have any question please ask.
