Bitconnect is a powerful tool for those who are looking to maximize their Bitcoin and get it to grow.
Making money online isn’t easy, and that is why having a platform such as this can be convenient for those who want to optimize what they’re doing. With bitcoins starting to become stronger and stronger on the open market, it has become possible to leverage this digital currency.
This read is going to take a look at what you can do to maximize your investment and get the Bitcoin to earn you money in the long-run.
What Is Bitconnect?
Let’s begin by learning about what Bitconnect is.
Bitconnect is a platform and peer-to-peer community that is decentralized and ensures people can store their digital currency (bitcoins).
On this platform, you can do more than store currency. You are also able to invest it by lending out the currency to others around the world. It is a way to make money like you would while giving out a loan to someone.
You set the interest rate, and it is paid by the second party during the fixed period.
Steps to Earn From Bitconnect
1) Sign up With Coinbase and Bitconnect
Now that you’re aware of what to do with Bitconnect, it’s time to actually go through with it.
The process commences using Coinbase where you are going to sign up for an account (verification is necessary). You will go through this process and be able to buy bitcoins on the platform as soon as you want.
You also want to register on Bitconnect at the same time, so you can get both things out of the way as soon as possible.
2) Fund Coinbase Account
When you have the Coinbase account up and running, it is time to start thinking about funding your Coinbase account. You will want to take a bank card and connect it to the Coinbase platform to do this.
The funds should be able to go through rapidly and will not make you wait for too long. This is key for those who want to fund their account without a hassle. There are set limits on Coinbae for how much you can deposit at a time, and these limits are listed on the main page when you register. Pay attention to them, so you don’t go over.
3) Decide on Amount Being Invested
What amount you are going to be investing in Bitconnect?
You will want to have this figured out before you start transferring the bitcoins to your Bitconnect wallet. You don’t want to be left with too much money in one place as that might make you leave the currency in one spot for too long.
Make sure you decide early on, so you don’t confuse yourself later.
4) Transfer Bitcoins to Bitconnect
When you have made a decision, it is time to start thinking about how the bitcoins will be transferred. You want to transfer the bitcoins using Coinbase. It is going to have a feature that lets you withdraw the coins to a separate online address.
This is when you are going to direct it to the Bitconnect platform.
It is an easy process that is going to take no more than 5 minutes. You should have the bitcoins ready to go as soon as you want.
5) Buy Bitconnect Coins
This is when you are going to take the time to buy the Bitconnect coins that are necessary to start offering loans.
If not, you can’t move forward with the next step and make money.
Look to buy Bitconnect coins as soon as you can and then leverage your position by offering it in loans.
6) Lend Bitconnect Coins
You will now be able to lend these coins to those who are looking to have them in their possession. It is a great way to earn money and continue to reap the rewards of this currency. For a lot of people, it is a currency that retains value and is going to generate a lot of interest.
The process isn’t going to take long and will generate tremendous results as you continue to offer more.