To begin with, one will need to get two accounts coinbase and bitconnect accounts. The coinbase is used for buying the bitcoins while the bitconnect allows one to lend money to earn profits from it. Here are the 10 steps to make money with Bitcoin using Bitconnect
Create the coinbase account
This is the first step. The coinbase account will be used as the exchange to for purchasing bitcoins then the money will be deposited in the form of bitcoins in the bitconnect account. The minimum amount of bitcoin investment required is one hundred dollars. It is better to buy one hundred and twenty dollars’ worth of bitcoin to cater for any transaction charges and the difference in exchange prices.
Filling out the coinbase information and account funding
One will be needed to provide their basic information, and a confirmation email will be sent to them with a verification link. The verification link will need you to fill in more personal information. One will then get a text message which will contain a verification number. A new number will be sent every time one log in for verification purposes. The account should be funded at this point.
Creating your bitconnect account
After funding the account, one should then create the bitconnect account first before buying the bitcoins. This makes it the first step to earning interest daily.
Deciding on amount to be invested
One should decide on the amount they intend to invest by choosing one of the four available plans to choose from.
Buying bitcoin on coinbase
Using the funds in the bitconnect account, one can then buy bitcoin. There will be a menu showing you on where to but the bitcoin from with the minimum amount being one hundred dollars. There will be some charges on this transaction but will depend on one’s mode of payment.
Transferring bitcoin to bitconnect
Upon purchasing the bitcoin, one gets a bonus of ten dollars if they buy a hundred dollars or more that should be seen in the bitcoin wallet. Upon the coins showing up in the wallet, one can transfer the money to the bitconnect from the wallet.
Buying bitconnect coins using bitcoin
Go back to bitconnect and see whether the deposit appears in your account. There will be a BBC exchange tab should enable you to do that.
Lending your bitconnect coins
After following the procedure on the above step, your bitcoin is now turned to bitconnect coins successfully. On your bitconnect platform, there is a tab for lending bitconnect. Use the tab then enter the amount you intend to lend so long as the amount entered is divisible by ten.
Reinvesting the daily interest earned
To compound your interest, one can reinvest the money they have made daily in their lending wallet. This means the money you have can work for you. However, one can skip this step if they are earning enough interest.
Withdraw your money from bitconnect
Depending on the choice of investment made, their investment period is determined by that. Upon maturity of the investment period, one is welcome to withdraw their investment. This will involve one converting the bitconnect coins to bitcoin.