If you're thinking of getting started with BitConnect, it’s going to be a wild ride. Cryptocurrency in general is very interesting and exciting. It doesn't matter if you're investing in it, earning cash or trying to start the next financial revolution, cryptocurrency is the place. And if you want to get involved, have been considering BitConnect, or ended up here randomly, this is an excellent article for you to read. This present moment is probably the best time to get started with cryptocurrency. You're not late and haven't missed the boat, as some might say. Just follow the steps we've provided to start making money with BitConnect and other cryptocurrencies.
Why BitConnect Vs. Bitcoin?
BitConnect is one of the newer cryptocurrencies, the tokens are known as BCC. And when you pick up BCC coins, you are primarily investing in BitConnect. You'll get your daily interest on the investment you make, similar to a bank, but with BitConnect you get about 1% each day.
In order to make this investment work, the platform must use your investment to reinvest. Some people call it a scam, other people say it's a miracle – there are always two sides to every coin. Just make sure you do it right, or you could lose money (though all cryptocurrencies are like that). For example, you could buy Bitcoin when the price is down and then sell it once the price goes up a few percent. You can then rinse and repeat it again and again.
What Makes BCC Unique Vs. Other Cryptocurrencies?
The first difference is the investment part – it's a little strange and is why some people say it's a scam. How it works is they are just using new money from newbie investors, to pay out old investors is kind of like a pyramid scheme. With Bitcoin, there is always a risk; you get paid as the market dictates the worth of the coin.
Regardless of what people say, BitConnect has been running successfully for months without any issues or serious problems. There are varying opinions about the platform's legitimacy, but that happens with nearly every system that makes a lot of money in a short time. Nothing has gone wrong or bad with BitConnect. In reality, a lot more people have probably lost money with BitCoin than this platform.
The popularity of BitConnect grows day by day, and most people still don't even know what it is. That's another significant difference; it's still pretty under the radar as far as cryptocurrencies go. One thing to mention as with any cryptocurrency investment is to be mindful of risk and follow the golden rule of Bitcoin for chumps: never reinvest your profits until you get back your first investment.
However, your confidence in BitConnect is entirely up to you, and again, chances are this is the first time or one of the first times you've ever heard of it. Here's a little more about how you can get started with it.
Live BCC/USD Price Chart
Best BitConnect Trading Strategies
BitConnect is free to join. To begin, first, register yourself with the network. You can do that at Bitconnect.co. You can also register as an affiliate and make commissions from getting other people signed up to the system. It's one more way to get people to make money.
The second step is to verify your email once registered. BitConnect will send you a simple activation link where you can use it to kick your account live. After you go live, you can go straight to the BitConnect dashboard. At the menu there are a few different options you have; the main one you’ll be using is BCC Exchange and Transaction. We’ll go over those more in a bit.
The next thing to do after getting in is to deposit some bitcoin. You can do that by clicking the button that says Deposit Bitcoin. Of course, this is assuming you already have Bitcoin. If you don't, you'll have to get some first. You will need to get at least $100 worth of BTC to deposit into your BCC. And once the platform receives Bitcoin from you, it'll take about 5-25 minutes to confirm.
After that, the next step is to click 'BCC Exchange.' This is where you can buy and sell the cryptocurrency. You’ll be able to exchange your BTC for BCC here as well. Now, because BCC is an investment strategy based platform, you pay from your BitConnect Wallet to get a desired amount of BCC. After that, you just sit back and watch as the money rolls in. And that is mostly how the BCC platform works.