What is BitBTC (BITBTC) Crypto Beginner’s Guide
bitBTC, bitGOLD, bitUSD, and bitEUR are all smartcoins that are based in the Bitshares blockchain system. They are coins which are stable and can maintain their price since thery are backed by the Bitshares system. These coins were created by Bitshares users who like to use bitBTC as collateral.
OPEN.BTC is seen as the IOU for the bitBTC system. What this means is for every opened BTC you have, Openledger will provide one free BTC when you withdraw the money. This is an amazing feature for those who would like to keep BTC while also trading with other cryptocurrency systems.
Users can deposit BTC into their Bitshares accounts by using the deposit system created by Openledger. This will provide you with a corresponding total of OPEN.BTC on the exchange system. You can transfer these coins by means of the splendid chain that creates contacts in 3 seconds in place of 10 minutes. Later if you extract your BTC, you can utilize the assortment to withdraw your OPEN.BTC.
How the bitBTC System Works
There is no genuine simple approach to change over your money into bitBTC straightforwardly, notwithstanding on the off chance that you are utilizing USD, Euros, GBP, Canadian Dollars, Paypal, Credit Card, and so forth the rundown goes on.
Keeping in mind the end goal to purchase bitBTC or BITBTC you first need to change over your cash of decision into one of the fundamental digital currencies like Bitcoin, Ethereum, or Litecoin, and send it to a trade where you can without much of a stretch exchange your BTC, ETH, or LTC for BITBTC. BTC and ETH are the absolute most generally acknowledged at trades for bitBTC.
Converting Money to BTC
Presently you are in your extravagant new digital currency trade record and prepared to exchange your coins bought from CoinBase into bitBTC. Go to CoinBase and send over your coins to your new trade account. Use the Accounts tab to raise your present adjustments to your preferred preference.
Information trade address and affirm the exchange to the system. Be very mindful so as to have your correct address entered. As a general guideline get a kick out of the chance to check all when distributing any crypto and you must as well. It might take a couple of minutes for your coins to show up. You will see it appear on the exchanges section of the account once total.
Once your request is satisfied and the exchange is finished, you will then be the pleased proprietor of some new bitBTC tokens. From here you can keep it in the trade and let it accept, exchange it for another alt coin, or essentially do whatever you need with it.
Send it to a safe wallet as soon as you are done. This will keep the coins safe from getting lost or misplaced. Equipment wallet, programming or even a basic bit of paper, there is tons out there to browsed. Then prescribe the accompanying wallets for putting away your bitBTC.