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Getting started with BitConnect Lending.

This is the post excerpt.

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Today i decided to invest in BitConnect lending and i want to share my experience!

Basically its a  service where users can lend Bitcoin to be used for automated trading:

“…This investment option involves profiting from Bitconnect trading bot and volatility software. You will receive daily profit based on your investment option. Upon investment term completion, you will receive your CAPITAL BACK to take out from the Bitconnect lending platform or optionally reinvest back in lending platform to continue receiving daily profit.”

After researching a bit, and looking into competing services like Control Finance, i settled on BitConnect as it seems like the most secure longterm . The is mainly due to the fact they use floating interest payment, unlike Control Finance. The existence of the BitConnect Coin and it’s success improves it’s chances as well, in my book.

All it takes to get started, is registering, depositing Bitcoin, and then trade it for BitConnect Coin (onsite exchange) used to lend:

Plan

 

After registering you will see this dashboard:

bitconstartB

Then you will need to deposit 100$ or more in Bitcoin (in 10$ increments), and then trade them into BitConnect Coins on the onsite exchange:

BitConBuySell

You’re now ready to invest!:

On their website they have this calculator:

https://bitconnect.co/bitconnect-learning/48/when-will-the-lending-interest-be-added-to-my-account

Note, the profit is without compounding interest (reinvestment)…

EarningsProj

Higher levels of deposit gives bonus interest, even on days with no volatility, and shorter capital back time:

bitconnect_lending_plan1

I have now invested 110$,  and i will be posting updates on the progress soon…

 

lend110Invest

successZoom.png

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If you have any questions or comments, please don’t hold back!

If you decide to invest in BitConnect lending, please make me happy and use this link when registering:

BitConnect.co

Thank You!

 

Legal Disclaimer: I am not a professional financial adviser, nor an expert of any kind in the matters discussed in this post. This is not financial advise! I will not be held responsible in any way for any losses related to services discussed in this blog. I am not in any way affiliated with BitConnect. Do not invest more than you can afford to loose!

Interest Payment update: day 17

The daily interest payments on the 110$ BitConnect loan have been payed out expected. The average daily interest over the first 17 days have been 1,083$ or 0,98%!

I have been transferring the payments back to Bitcoin (via BCC) when i receive them, to profit on its rise.

Due to unscheduled maintenance the website was down for a couple days. I was however pleased to see the interest payments kept coming during this.

Note that you can withdraw your interest payments in Bitcoin at any time for a fee of 0,0004 Btc. However, you can also choose the popular option of reinvesting to compound the interest.

BitConnect310717

BitConnect310717B

I will be posting more updates soon.

If you’re interested in Bitcoin or other crypto-currencies like Ethereum, Litecoin, Neo etc, please have a look at my other blog: CryptoCurrencyInvest.WordPress

 

Disclaimer: This is not financial advice! I am not an expert!

First daily interest payment (1.8%) received!

Following a day of large crypto-currency fluctuations (Bitcoin passed 4000$!), i have now received my first of the daily interest payment of 1.98$ or 1.8%! Although it was expected, its always nice to see.  Do keep in mind all investments carries a risk, this one included.

To avoid loosing out on Bitcoin gains, i bought this position using other means. This is due to the fact your money aren’t held as Bitcoin on BitConnect, but rather as Dollar valuation which can then be converted to BitConnect Coins, and then into Bitcoin.

Also nice to see my recent buy of Neo (former Antshares) rising to 50$ range, as i bought for 8$ not many days ago 🙂

Here’s a screenshot of the first daily interest payment from BitConnect Lending:

firstpayB

 

Below is the volatility chart for last month. Not a bad month for volatility certainly!

VolatilityChart1Month130817

VolatilityChart1Month130817Zoom

 

Here’s a list of the top 6 crypto-currencies from coinmarketcap.com :

 

Markets130817

Here’s my referral link to BitConnect :

BitConnect.co