Need help with Bitcoin?

REAL-TIME CONSULTATIONS ON BITCOIN:
HOW TO CREATE A BITCOIN WALLET, HOW TO WORK WITH IT AND OTHER QUESTIONS ABOUT BITCOIN.
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Bitcoin Consultants:

Bitcoin consultants provide information and advice about Bitcoin only. Should you have any other questions about the work in PO or any general system issues, refer to the online chat.

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What is Bitcoin and how to participate in MMM using bitcoins?

It's more profitable, faster, and safer to provide help using bitcoins rather than traditional currencies.

Watch the video about Bitcoin's key advantages and find out why it's beneficial to use it while participating in MMM.

Bitcoin-BONUS

If you transfer money (provide help) via the Bitcoin (not a bank), you will receive a 3% bonus of the transferred amount.

Bitcoin Bonus is not frozen. It is available for withdrawal as soon as the recipient confirms the receipt of funds.

If you're new to Bitcoins you can find out how to create a Bitcoin account and how to buy and sell Bitcoins from this handy guide.

Bitcoin advantages

Bitcoin is an international electronic currency. This is a new form of money created on the basis of the program code.

Bitcoin is not owned by any state, companies or individuals.

Due to this, Bitcoin has become the world's first decentralized means of payment. Money transfers are made on the peer-to-peer principle — without intermediaries between the sender and the recipient.

Bitcoin advantages:

1. High safety level

No one can block a Bitcoin wallet. Bitcoin does not depend on central banks, local and international laws, religion and other things.

Banks and the government do not control your bitcoins — they are only available to you. The wallet is created anonymously. Cryptocurrency cannot be faked, and payments cannot be cancelled.

2. Cheap transactions anywhere in the world

Transfer fees do not depend on the amount or location. They make up less than US$1 (regardless of the amount). You can transfer money to anyone from anywhere in the world.

3. Convenience

Unlike bank transactions, bitcoin transactions may be carried out on a 24/7 basis. You can decide independently when to transfer money.

4. Instant transfers

Bank transfers take 3–5 working days on average. The speed of transfers via Bitcoin is a few seconds, or, when you are dealing with large amounts of money, — 10–60 minutes.

5. Protection against inflation

National currencies depreciate annually by 1–20 % (sometimes more). Bitcoin is backed by a limited number of units (21 million) and protected against inflation.

Cryptocurrency is becoming more and more popular, since people do not spend money on fees and instantly exchange money. In the future, the world national currencies will be merged in a single digital Bitcoin currency! MMM and Bitcoin have a similar vision: they strive to overthrow social inequality, free people from the banks’ oppression and make the world a more just place.

Instructions

QUESTIONS-ANSWERS

What are the advantages of providing help with Bitcoins?

Security
Speed
Safety
Payment tracks and verification
Low fees

Why does the MMM system advocate Bitcoin?

We have similar ideology — both Bitcoin cryptocurrency and the MMM Community create a fair financial system that everyone could live happily. Cryptocurrency can be used in any country of the world. Whereas difficulties in its using are rather psychological than technical. Having set up a Bitcoin wallet and having conducted only one transaction, you will understand that it is: easy, safe, secure, profitable, and fast.These transactions become more and more popular. It will be as usual as using a favorite gadget.

What determines Bitcoin's price?

Bitcoin's price is set by the bidders in the stock market and on exchange platforms.

What is a Bitcoin address?

It is a wallet identifier in the Bitcoin system similarly to a bank account. It normally contains 27 to 34 characters and consists of random digits and Latin letters. It also can be presented in form of a QR code. The address is totally anonymous and has no data about its owner. It can be obtained on a grant basis, using, for example, software of the Bitcoin system.Example of an address: 4qViLJfdGaP4EeHnDyJbEGQusnCpmw1qW.It is possible, via such addresses, to send and receive Bitcoins as simply as emails.

Does it matter on which site was a Bitcoin wallet created?

It does not matter. There is a slight difference, and it consists in wallet security systems and convenience.

Is it be possible to perform transactions among all Bitcoin wallets created on any of suggested services?

Yes, it is.

I have two Bitcoin addresses, can they both be added to the MMM PO?

Yes, they can. You may add unrestricted number of Bitcoin addresses to your PO.

Does it matter what to specify in the “account name” of the system?

No, it does not. An account name is created for you exclusively that you may choose a relevant account when creating a GH request.

What should I do: first buy Bitcoins and then offer help or wait until a PH order comes and buy Bitcoins after that?

If you are a new member or use Mavro-BTC, we recommend you to buy Bitcoin first. I.e.before you create a PH request. But if you know already how to operate Bitcoin, you should buy it at the moment when you got a PH order created. In that case you will not be affected by price fluctuation risks.

How long have Bitcoin orders been created compared to yuan orders?

Much faster. If in case with yuan a PH-GH cycle is carried out within 3-4 months, using Bitcoin — you will need just 1-2 months.

How much does it cost to pay with Bitcoin?

A Bitcoin transaction fee is calculated for every single transfer. It is standard and not dependant on the payment amount, but on the block size in bytes. It usually ranges from 0,0001 btc to 0,001 btc. A Bitcoin transfer takes several seconds while transaction confirmation speed — on average from 10 to 60 minutes. If you want to speed up confirmation of transactions, you may increase the fee on your own. Then transaction will be completed faster.

Why is there yuan shown upon providing help with Bitcoin?

The currency depends on the country your residence. Since you are located in China, your basic currency is yuan. This means that Bitcoin here acts as the yuan transferring means. For example you want to provide help for 10,000 yuan. For that you need to buy 2.089 Bitcons for 10,000 yuan, transfer Bitcoins to a participant’s account, he/she will exchange them for 10,000 yuan and spend for his/her own needs.

How soon will I be able to get money when I am selling Bitcoins?

Transferring funds from a Bitcoin wallet to a bank card takes from 15 minutes to 24 hours. It may also depend on the selected stock market or exchange platform, as well as on Bitcoin buyers’ reaction time.

On which accounts are Old Mavro being released faster: yuan or Bitcoin?

There is no difference. Old Mavro are being released everywhere on an equal basis.

I want to work at the Bitcoin service. Tell me what and where should I send.

We are still looking for the new Bitcoin consultants who would help the participants to solve problems, answer their questions and gave detailed recommendations concerning Bitcoin.Requirements to candidates:

Perfect knowledge in the Bitcoin cryptocurrency field. You should know how to get/provide help in MMM, add an account into the PO, create a Bitcoin wallet, exchange the cryptocurrency for traditional money, and so on.
Fluent English and Chinese.
Responsibility and interpersonal skills.

Leave your applications using the link:http://chinammm.la/cn/bitcoin-consultants.

Are there bonuses for the first request in Bitcoins?

You get a 3% bonus for each providing help with the cryptocurrency. It makes no difference whether it is a first or hundredth one.

If you provide help with Bitcoins, are Old Mavro getting released then?

Yes, when providing help with Bitcoins, Old Mavro are being released. If they are not due to some reasons, contact our support team and we will help you.

Will Old Mavro be released and converted to Bitcoins?

Old Mavro are being released in your PO, and you may see them in the “Mavro” section. Next you may create a request to get help to your Bitcoin wallet or bank card. Choose at your discretion.

Is it possible to use a Bitcoin account only to withdraw Bitcoins?

Yes, it is possible to get help in the cryptocurrency to a Bitcoin wallet only.

How many digits should be there after the decimal/ full stop in Bitcoin transactions?

In a Bitcoin transaction after the decimal there can be from 1 to 8 digits.

If I participate in the system using Bitcoins, are Leader Bonuses and Old Mavro calculated in yuan or bitcoins?

MMM China uses the yuan for all calculations. But you can ask to send Get Help amount both to your bank account and Bitcoin wallet. You create a yuan GH- or PH-request and the system generates orders for a certain amount of Bitcoin at a current exchange rate. You have 48 hours to transfer the amount specified in the order to the other party.

Do I need to register another MMM account to participate using Bitcoins?

No. You don’t have to create a new account. You need to go to the “Accounts” section in your PO and add a new Bitcoin account.

Why does it take so long to get my Bitcoin transaction confirmed?

You might have set the standard (the lowest) transaction fee. That’s why it takes more time to have your transaction processed. If you want to have it confirmed sooner — increase the transaction fee. You can do it at any time.

Can I use different bitcoin addresses to provide and get help?

Yes, you can.

May I specify one Bitcoin address in different MMM accounts?

No. One Bitcoin address can be used for one account only.

What screenshot should I upload after transferring Bitcoins?

The screenshot must demonstrate the details of your transaction. Or you can specify transaction hash in the order chat — it will be enough to track your transaction. See instructions:

How to take a screenshot - https://docs.google.com/document/d/1kjU5fSqU5n4dU8WvQ3dd5qV9dW6l1MSQs2jtmKAd6EU/edit
How to track Bitcoin transactions - https://docs.google.com/document/d/1qMUvYbZDJicyDtEa8-EzCuu777jhLbmvH5wqK8sO4dI/edit

Can I use a Bitcoin wallet created on Huobi.com to participate in MMM?

Yes, you can.

What Bitcoin trading platform do you recommend?

You can choose any Bitcoin platform you like, but we recommend you to use the two most popular platforms Huobi (www.huobi.com) and BTCC (www.btcc.com).

Can I register with BTCC if I have already signed up for Huobi?

Yes, you can

Can I buy Bitcoins on Bitcoin platforms with Alipay?

Yes, you can.

What does “buy” and “sell” Bitcoin mean?

Bitcoin is a cryptocurrency. Like any other currency (yuan, dollar, euro), it can be bought and sold for other world currencies according to the current exchange rate. You can use different payment/transfer methods for this.

It is compulsory to use Bitcoin in MMM, isn’t it?

No, using Bitcoin is not compulsory. You can choose either Bitcoin or Bank transaction. But we recommend using Bitcoin due to its numerous advantages.

How to download and install BTCC mobile exchange?

You can download and install the application from the BTCC site. There you can find the user guide - https://exchange.btcc.com/page/guidemobileexchange

How to check my Bitcoin wallet balance?

You can find your balance on the platform where you had your Bitcoin wallet created. Usually this section is called “My Funds”, “My Wallet”, “Balance” and so on.

What to do if the sender didn’t pay a Bitcoin-order?

The system will automatically match you with another sender (it will generate a new order.) The participant who didn’t complete the order, will be locked.

Can I buy Bitcoins with a credit card?

Yes, some exchanges, including Huobi and BTCC, give users this opportunity. At first you add money in your CNY account from a credit card, then you can exchange yuan for Bitcoin.

How many Bitcoin wallets can be registered on one mobile number?

A mobile number is linked to an account, not to a Bitcoin wallet. In one account you can have unlimited number of Bitcoin wallets and addresses even using one mobile number.

After registering Bitcoin wallet we continue to work in the MMM PO, don’t we?

Yes, you create PH and GH requests in the MMM Personal Office. However to transfer Bitcoins, you will need the platform where your wallet or another Bitcoin service has been set up.

That is the minimum and maximum PH amount in Bitcoins?

The minimum PH amount is 100 yuan (the Bitcoin amount depends on the current exchange rate). While the maximum PH amount is unrestricted.

Can first and last names specified when registering a Bitcoin account be different from those in the MMM account?

Theoretically yes, they can, since Bitcoin offers anonymity. Still, we advise you to use the same first and last names in both cases to avoid any issues.

Is it permitted to make payments on several MMM accounts from one Bitcoin wallet?

You, personally, may use one Bitcoin wallet to pay for different orders created on different requests, i.e. use it for different PH transfers. However it is prohibited to use the same Bitcoin wallet by several accounts (different people), as we have a rule: one person - one account. This means your Bitcoin wallet cannot be used by anyone else.

How to deal with a problem of sudden changes in Bitcoin price?

The cryptocurrency is gaining momentum now, and thus the exchange rate is growing too; sometimes, however, it can move downwards. Price fluctuations are usually insignificant during 48 hours that are given to transfer funds. But we always advise our members to buy Bitcoins immediately after a PH order creation. Do not wait long until the exchange rate rises.When providing help, you can use Mavro-BTC. Then your Bitcoin amount in the request will not be recalculated into yuan amount. In this case we recommend you to buy Bitcoins before you create a PH-request.

I have provided help with Bitcoins, how soon can I create a GH request?

You may create a GH request immediately after your Mavro in the PO have become confirmed (their color should change to green).

The Huobi site does not allow people over 60 years of age to be registered, what has to be done?

Then register a wallet on another Bitcoin platform. We, in such cases, recommend using the most popular BTCC platform (www.btcc.com).

Can I use the NaoBTC site for creating a wallet and participating in MMM?

Yes, to participate in MMM you can use any platform where it is possible to create a wallet and transfer Bitcoins.

Why Bitcoin orders do not allow to contact the other party?

To interact with the other party, use the chat in the order, and there is absolutely no need in any additional way to be in touch! You transfer Bitcoins from your wallet to a receiver’s wallet, confirm payment, and write in the order’s chat that you have paid. Even if the receiver does not confirm the order (that he/she has received funds), our service will do it for him/her, since any Bitcoin transaction can be checked.

Can I operate Bitcoin via mobile phone?

Of course, you can! There are a lot of applications for mobile phones with a Bitcoin wallet.

Why when registering on the BTCC site, I see the English text only.

You can change the language into Chinese. On the BTCC site, the language can be switched in the bottom right corner below.

Is it necessary to create GA when adding a Bitcoin account into MMM account?

No, you do not need to use GA upon adding a Bitcoin account. The option is disabled by default, however, you can enable it for additional security purposes

Is it possible to earn through buying and selling Bitcoins on the Huobi.com?

Yes, you can earn trading Bitcoins on the Huobi.com, as well as any other Bitcoin platforms. That has nothing to do with MMM, though ;-))

Are the System’s orders affected by the Bitcoin price?

If you select Mavro-BTC when providing help, the price will have no impact on the System’s order. In other words, if you have chosen to send a PH request for 1 BTC, the the amount of the PH-order will be 1 BTC too.If you do not select Mavro-BTC, then providing help in Bitcoins you should specify the amount of your help in yuan, anyway. I.e. if you want to provide help for any particular yuan amount, you will receive the order for a particular Bitcoin amount. The sum depends on the Bitcoin price at the moment of order creating.

In recent days, I cannot enter https://mmm-office.com, what is the reason?

For the time being, the site you have mentioned is functioning as an additional mirror. To enter the MMM PO, use the following address -https://mmmpo.com.

I specified the wrong Bitcoin address, what should I do?

In that case you should immediately contact our Support Team and they will definitely help you.

May I use a bank card added to MMM account, while creating a Bitcoin wallet?

You do not have to specify the bank card when creating a Bitcoin wallet. However, if any platform requires this to be done or you personally need this, you can, without problems, use your bank card from the MMM account.

I have an order, how to define whether it is in yuan or Bitcoins?

When you make a request, you select a PH option: to provide help via bank or Bitcoin cryptocurrency. Depending on this choice, your orders are generated. In bank orders the PH amount is indicated in yuan only - e.g., 2,000 CNY. In Bitcoin orders the PH amount is given simultaneously in yuan and Bitcoins - e.g., 0,33 BTC and 2,000 CNY.

What to do if I ran into Bicoin scams?

Write us to the Support Team, immediately, and we will figure it out

I’m 61, is there an age limit?

No, you may participate in MMM and use Bitcoin cryptocurrency in any age - even when you are 100 or 150 (we wish you to live up to that age :-))

Should I delete my bank account after having added a Bitcoin account?

No, you should not. Bitcoin account is used for payment in cryptocurrency and bank — for payment in yuan. It is at your discretion whether to delete the bank account or not.

Now a lot of participants are operating Bitcoin, and what should those do who are participating with yuan?

Keep participating in MMM :-)) You can participate using both bank and Bitcoin. It is up to you. Though the second option is much more faster and safer. Any participant can start to operate Bitcoin even if they prefered to use bank formerly.

If I participate with Bitcoin, will I be matched with a counterparty from any country of the world?

No, your other party will be an MMM China participant. The System is working in different countries independently. In rare cases only, for the sake of maintaining the whole System stability, a participant from another country can be a counterparty.

In my Bitcoin wallet, it is possible to insert only 4 digits after the decimal point whereas in the order — 8 digits. How to pay?

You need to pay the exact Bitcoin amount specified in the order. Most Bitcoin platforms allow to send Bitcoins to a wallet having 8 digits after the decimal. If you do not have such possibility, use another platform — we recommend Huobi and BTCC as the most popular. Or you may round up the amount and send a bit more.

When providing help with Bitcoin, is the button “GH amount+10%” available too?

Yes, the button is available to all participants who do not want to wait in order to receive +30% a month, but want to get a GH amount+10% right away.

After pressing the button “GH amount+10%” will a leader be receiving his bonuses?

Leader’s bonuses are calculated from a PH amount contributed by the participants in their structure, and not from the GH amount. In this way this button do not affect leader bonuses any way. So, a leader will be receiving them.

I provide help in yuan, Can I get help in Bitcoin?

No, providing help via bank, you get help via bank as well.

Can the participants from other states participate in MMM China, using Bitcoin?

No, only Chinese citizens are allowed to participate in MMM China.

At present Bitcoin price is very high, therefore I’m going to use yuan for now. Is it possible?

As you wish. It is your choice what to operate: yuan through the bank or Bitcoin. But note that a PH-GH cycle when using Bitcoin goes 2-3 times faster. If you switch to yuan — you will have to wait longer. Whereas the Bitcoin price is constantly growing, and the world experts expect its further growth, not decline. Do not forget that for providing help you can choose Mavro-BTC. However, should you still decide in favor of a GH amount in yuan, your orders will be created at the current Bitcoin price. Even if Bitcoin is worth a million, you lose nothing.

Is there customer service on the blockchain?

Yes, it is. Here is a link to their customer service - https://support.blockchain.com/hc/en-us

I have not understood the January 7 news about Mavro-Bitcoin. Can you explain?

Previously, when you used Bitcoin, a PH amount chosen by you was still in yuan. All your Bitcoins were converted into yuan, and Mavro in your PO were also displayed in yuan. Now since January 7, you can specify that your amount of help not be converted into yuan and remain in Bitcoin. So that you be able to earn on strengthening of the Bitcoin cryptocurrency as well. For that we we have introduced Mavro-BTC.Let’s assume that you decided to provide help for 1 BTC and have chosen Mavro-BTC. This means that your PH help is not being converted at the current rate and is shown in the PO as 1 Mavro-BTC. Except for 30% a month, you have an opportunity to earn on the Bitcoin’s rise. You can disregard this option in order Mavro to be converted into yuan, as before. Or else it is possible to convert Mavro-BTC into usual Mavro or vise versa. That’s your business -)). We have introduced this opportunity for your convenience.

I provided help several days ago and do not remember whether it was in yuan or Bitcoins. Where can I check which currency I provided help in?

On the first PO page, where you are offered to provide or get help, all your requests and orders are shown as well. There you can find information on any request, including which currency you used to provide help — yuan or Bitcoin. It also can be seen in the Mavro section.

In my Mavro section there is a Bitcoin-bonus that appeared recently. What is it?

The participants providing help with Bitcoin are accrued an additional +3% bonus of the PH amount. It appeared because you have provided help with the cryptocurrency. You can take it out or let it keep growing by 30% a month.

Is it possible to cash out bonuses using Bitcoin? Why, actually, we do not have such orders?

You can cash out bonuses either via yuan or Bitcoin. The way of getting help is at your discretion. The Bitcoin orders for bonuses are created without problems.

Why do I not have the +10% button?

Only those participants have this button whose PH request have been sent more than a month ago but is still pending and their Mavro are unconfirmed. The button is displayed above the requests on the PO dashboard.

Why in the Bitcoin order, there is no other party’s details and any way to contact him?

To get in touch with your counterparty use an order’s chat. As for the other tool of communication — it is absolutely useless! You send Bitcoins from your wallet to a recipient’s wallet, confirm the transaction and write in the chat of the order that you have paid. Even though a recipient do not confirm the order (that you sent the money), our CRO staff will do it for them, since any Bitcoin transaction can be tracked. In case you were not sent Bitcoins — a new sender will be offered to you. If the other party has specified that the transaction was carried out, but in reality did not send you Bitcoins, CRO members will find out the truth and punish the fraudster, and you will be matched with a new sender.

What is bitcoin?

CONTENTS

Cryptocurrencies in real life
How does bitcoin work?
Who created bitcoin?
Who prints bitcoins?
What is bitcoin's backing?
Decentralization and availability
Anonymous payment opportunities
Complete payment transparency
Near-zero fees
Speed of transfer
Irrevocable transactions
No network control
Unequalled security
Network support award
Ease of use
Free choice of participation level
As a new user, you can start using bitcoin even if you don't know all technical details.
Just a few words about politics

Bitcoin is a decentralized digital currency created and operating in the Internet only. No one controls it; the currency is issued through operation of millions of PC's all around the world using a math algorithm calculation software. This is exactly what bitcoin is about.

What is bitcoin?

The word “Bitcoin” in the English language has been formed by joining “bit” (minimum data unit) and “coin” (a metal coin used as money). The most widespread abbreviation of Bitcoin — BTC — is usually used in exchange trading and financial articles.

This is the first and the most well-known cryptocurrency of all, a symbol and flagship of the cryptocurrency world, and a currency unit of the same name that circulates within the system.

Cryptocurrencies in real life

In the English language, cryptocurrency is a virtual currency protected by cryptographic methods. Cryptocurrency is, above all, a fast and reliable system of payment and cash transfers based on the most advanced technologies and independent of any government.

Initially, bitcoin was only relevant for mathematicians, cryptographers and people passionate about computer and network technologies. Bitcoin was then just a proof of the ability of electronic money to exist with no guaranteed backing. It could rather be seen as an electronic equivalent of gold — just like gold, bitcoin is hard to mine, its amount is limited, and mining it requires more and more effort over time. In the fall of 2009, BTC 1 could already be bought for 0.8 cents. It was the start of exchange trading that has seen many ups and downs, high-profile bankruptcies and successful projects. Bitcoin transactions were initially rare and infrequent. The first and most famous transaction involved buying two pizzas for BTC 10,000 — it happened in May 2010 (it equaled $ 25 at the time). Since then the exchange rate has gone over $ 1,000 and back down to $ 150, but that's another story to tell…

Bitcoin exchange rate chart

At the early stage of Bitcoin development, it was made popular by the Japanese exchange, MtGox, and the illegal online market, Silk Road. Now, Bitcoin is independent of any exchange or pool, while illegal activities with cryptocurrencies are now dealt with by law enforcement, just like any other financial crime.

Today, Bitcoin is a modern digital currency that is ideal for payments on the Internet. More and more stores accept Bitcoin as one of payment options. Ease and convenience of bitcoin account creation attract more and more people from emerging economies to this currency. In many states of Asia and Africa, the Bitcoin network is a replacement for expensive and hard-to-access banking services. Developed countries actively use POS terminals for bitcoin payments in stores, ATM's for cryptocurrencies, hardware wallets for Bitcoin. There's been a real boom of startups that use Bitcoin. As it turns out, the block chain technology is also good for distributed storage of data on various assets, not only financial transactions. Several thousand other cryptocurrencies have been created, based on Bitcoin or from scratch.

More interesting videos about Bitcoin:
https://www.youtube.com/watch?v=2QLYkkSLUu0
https://www.youtube.com/watch?v=gKGgrvTZ80Y

How does bitcoin work?

Read on to learn how cryptocurrency, with Bitcoin as an example, works.

What is the most important feature of Bitcoin in economic terms? It's a digital commodity of limited supply; its algorithm is specifically designed to only allow 21 mln units max in the system, each of them also known as a bitcoin. The issue timetable is defined in the code and predefined. After the last coins have been generated, the number of units stop changing. The Bitcoin economy is based on a deflation model that raises fear among many economists. However, these fears have no practical basis.

In reality, this relatively small number of coins is quite sufficient for everyday payments as 1 bitcoin is divided into 100,000,000 units, or “satoshis”, named after the system's founder. Sometimes, millibitcoin (mBTC, one thousandth) and microbitcoin (uBTC, one millionth) are also used.

Bitcoin issue timetable

You can also use bitcoin to buy anything online, just like you do with dollars, euros or rubles, and bitcoin is traded in the exchange market like these currencies. But the most important difference between bitcoin and all other forms of money is the decentralization. Bitcoin is beyond control of any authority in the world. Some are baffled by this fact as it means that no bank can control your money.

Who created bitcoin?

Bitcoin started from a concept — a document published on 31 October 2008 by a mysterious person going under a nickname of Satoshi Nakamoto. Despite numerous journalistic investigations, no one knows who the real developer of bitcoin is or whether it's a person or a group of people. On 3 January 2009, this concept was implemented in code in real life. 06:45 PM GMT, 03 January 2009 is the moment the first block in the system — the so-called genesis block — was generated. This day is celebrated as the Bitcoin birthday by the community all over the world.

The developer of the software who named himself Satoshi Nakamoto proposed an electronic payment system based on mathematical calculations. The idea is exchanging coin with no central authority in place, electronically, more or less instantaneously, at minimum cost.

Who prints bitcoins?

NO ONE. This currency is not printed by a central bank and does not follow the rules. Banks may print any amount of money to cover a state debt, thus depreciating their own currency.

In contrast, bitcoins can only be issued digitally, and anyone can start producing or, as they say, mining bitcoins at any time. Bitcoin mining is performed by using computational capabilities of a computer in a distributed network. When bitcoins are transferred, the transaction is processed in the same network, thus turning bitcoin into an independent digital payment system.

Bitcoin mining complexity chart

Can a billion bitcoins be mined?

No. The Bitcoin code contains a limit that set the maximum number of mined bitcoins at 21 million. However, bitcoin can be endlessly divided into smaller units — it's a digital currency after all! 1 satoshi is BTC 0.00000001 (name after the system founder)

What is bitcoin's backing?

National currencies used to be backed by gold or silver; now they are backed by GDP. Theoretically, you could walk into any bank in your country and exchange your paper money for its gold equivalent, or vice versa. Bitcoin is not backed by anything; it's pure mathematics.

Any person from anywhere on the globe may run the bitcoin mining script from their computer and feel like a central bank in miniature. The source code of the script is openly published, and anyone may see how it works.

Differences between bitcoins and conventional electronic currencies

Below is a list of features that make bitcoin stand out among electronic and paper currencies:

Anonymous payment opportunities
Bitcoin is a convenient and optionally anonymous method of payment where an address (account number in the system) is not related to its owner and requires no ID to be created. It's a string of about 34 Latin alpha-numeric characters long in various registers. For instance, an address might look as follows: 1BQ9qza7fn9snSCyJQB3ZcN46biBtkt4ee. It may be converted into a QR-code or any other 2D code to facilitate payment, or it may be transferred in its initial form. Yes, that's right. It's totally anonymous and absolutely transparent at the same time. You can create an infinite number of bitcoin addresses with no reference to your name, address or any other data.
Complete payment transparency
The history of any payment may (theoretically) be traced down to the moment of coin generation, and this payment will never be removed from the database. Knowing a Bitcoin address only, you may view all transactions accepted by this address or submitted from it at any time. The Bitcoin network stores the entire history of transactions that have ever taken place; it's called a series of blocks or block chain. A block chain is a public shared register that represents a basis of the entire Bitcoin network. All confirmed transactions are included in the block chain. Based on this information, bitcoin wallets may calculate your balance and verify that bitcoin owners actually spend bitcoins in new transactions. The integrity and chronological sequence of a block chain are based on secure cryptography. The block chain knows it all. Therefore, if you have a publicly used bitcoin address, anyone may see how many bitcoins you own; however, if you do not specify it's your address, no one will ever know it belongs to you. To ensure complete anonymity, one Bitcoin address is generally used for a single transaction.
Near-zero fees Your bank may charge you a $ 50 fee for an international funds transfer in cold blood. Bitcoin will never do that. There are small fees that are totally insignificant and do not depend on the transfer amount.
Speed of transfer
You can transfer money to anyone anywhere; it will be delivered in a matter of minutes after the Bitcoin network processes the payment.
Irrevocable transactions
After bitcoin is transferred to the recipient, it's impossible to get it back. Unless the recipient is willing to do it themselves.
No network control
Since a block chain is a distributed database based on peers, the Bitcoin network has no controlling central body that can suspend an account, change the amount of currency units in the system, lock or cancel a payment. Transactions within the system are irrevocable, just like transactions with cash
Unequalled security
Each new block adds to the requirements to computational capabilities miners need to calculate the block chain from zero; the longer the chain, the harder it is to hack the network. Today, Bitcoin is a decentralized computational network that has a performance 8 times higher (in terms of SHA-256 hash calculation rate) than the total performance if all super-computers in the world. To capture control over it, even partially, vast resources and hundred-million-dollar expenses are required.
Network support award
New bitcoins are issued as an award for those who perform computation providing for transaction transfer. Computation has been dubbed mining, from the English word “mining” meaning extraction of minerals. Those who engage in computation activities are called miners. Their task is writing all transactions that took place from the moment the last block was issued (10 minutes on average) into a single block and “seal” it with a complex cryptographic signature. The next block is calculated based on the signature of the preceding block that ensures irrevocability of transactions and prevents counterfeit currency units from getting into the system. This way, the blocks are connected together, forming a block chain. These rules prevent making changes to the previous block as this would invalidate all subsequent blocks. Additionally, mining creates a lottery-like process where no user can simply add blocks into the chain. Thus, no one can control the block chain or replace its parts to roll back their transactions.
Ease of use
You would have to go through seven levels of hell to open an account for a company in a bank; you might also be banished with no explanation. It's not a problem in the Bitcoin network — you'll need 5 minutes to create a bitcoin wallet and start using it. No questions, no fees.
Free choice of participation level
You can install an official Bitcoin Core client that stores the entire history of transactions. If you do not need offline operation and block chain analysis features, you can install one of the lite or mobile wallets that require a lot less resources. If you only intend to pay for small purchases while travelling or to just try out the technology, a mobile or online wallet would be enough. Maximum safety is ensured by hardware wallets with additional protection.

As a new user, you can start using bitcoin even if you don't know all technical details. As soon as you install a bitcoin wallet on your computer or mobile phone, it will generate your first bitcoin address; in the future you will be able to create as many addresses as you want. You can communicate your addresses to your friends who will be able to make payments to you or vice versa. In reality, it's very much like e-mail, except that a bitcoin address must only be used once.

A transaction is a transfer of funds between bitcoin wallets to be included in a block chain. Bitcoin wallets contain confidential information, the so-called secret code, that is used to sign transactions and provide a mathematical proof of the transaction having been approved by the wallet owner. This signature also prevents making changes to the transaction after it is submitted to the network. All transactions are broadcast to all users and confirmed by the network via mining, generally within 10 minutes.

Different states have very different attitudes towards cryptocurrencies. Some clearly encourage their use — in Australia, Germany, the Netherlands, New Zealand, Singapore, some US state, various offshore countries; others impose serious constraints that could be transformed into a total ban — in Indonesia, China, Russia, Ukraine. Total bans have so far been imposed by the hot Latin Americans in Bolivia and Ecuador.

Many governments have chosen to monitor the situation with careful optimism — most countries of the European Union, Great Britain and Switzerland, the US federal government, Canada, Japan and countries of South and East Asia. Most developed countries are adapting their financial legislation to be able to regulate cryptocurrencies and are about to resolve this issue.

Legality of Bitcoin

Bitcoins are legal if used for legal purposes. If you do not commit unlawful acts, your operations with Bitcoins cannot be suspicious.

The unique nature of Bitcoin does not allow the law to consider it as money. Also Bitcoin cannot be deemed as a product or service. The question of the legal regulation is still in its infancy, and governments of different countries look at each other carefully, hoping that one of them will prompt how, eventually, to treat the cryptocurrency.

As a whole, in relation to Bitcoin the countries can be divided into 3 camps:

The countries which understand that Bitcoin is a new and perspective technology which can bring many positive things.
The countries which have no common ground, and they have been studying Bitcoin so far -- without accepting it officially, or rejecting it.
Totalitarian states which are, literally, afraid of Bitcoin, as they got used to exercise full control over whole financial flow of funds.

Thus there is a question: can Bitcoin be prohibited or closed down?

Theoretically, such conditions can be created in which it will be very ifficult to use it, however, in real life it is practically impossible. Bitcoin is not owned by anybody, that is why there is no one to put pressure on that Bitcoin be closed down. Each user is a full-fledged part of a network, while there are millions of such users, and all of them are from different countries.

The only leverage on Bitcoin are exchange markets that convert fiat money to the cryptocurrency. In theory the government can deny banks to deal with such exchanges, but in practice there are many ways to circumvent the bun.

Mavros-BTC

What are Mavros-BTC?

Mavro-BTC is a unit of measure of help provided in MMM. The number of Mavros in your office determines the maximum amount of help that you can get. The more Mavros you have, the more help you can get.

If you provide help in the amount of 10 bitcoins, you will be credited with 10 Mavro-BTC + bonuses. Mavros grow at 30% monthly growth rate. If you have 15 Mavros-BTC on your account -- you can create a GH request for 15 bitcoins.

What are the advantages of Mavros-BTC?

Greater growth. After a month you initial payment will not only grow by 30%, but it will get bigger due to Bitcoin price growth. In general, Bitcoin price is growing steadily.
Risk-free participation.
If Bitcoin price is falling, you can exchange Mavro-BTC for Mavro-yuan. And vice versa.

How to get Mavros-BTC?

You need to provide help (acquire Mavro):

Click “Provide help” on the desktop.

Accept the terms and click “Next”.

Select Bitcoin from the currency list.
In “Transfer method” filed also select bitcoin.
Click “Next”.

Enter the amount you want to provide and then click “Choose”.

Enter the PH amount and click “Next”.

Check all details, enter a security code and click “Next”.

Click “OK”.

Your request will appear on the desktop.

Go to the “Mavro” section by clicking on the corresponding button on the top bar.

Check the amount of credited Mavro-BTC.

How to add Bitcoin wallet in PO?

Press the Accounts button

Press the Add button

Add an account:

Write the name of your wallet. You are free to choose any name you like, e.g., My BTC
Specify BIC. As we have a Bitcoin wallet, we will write: BTC
Indicate the account number. In our case it is a Bitcoin address.
Press the Save button

Click ОК

Ready!

The account is added.

How to provide help via Bitcoin?

You can “buy” Mavro by Providing Help (transferring money) to another participant:

Click "Provide Help" on the dashboard in your Personal Office.
Read WARNING about risks related to the participation in the system.
Tick the box.
Click on "Next" button.

Choose a way to transfer funds:

Local bank institution (via CNY)
Click on "Next" button.

Enter an amount you want to contribute.
Click on "Select" button.

Enter amount for each type of “deposits” (if applicable).
Check the box if you want to get a registration bonus. (Available only if it is your first request for Providing Help)
Click on "Next" button.

In the appeared window carefully check all details of your request.

Enter characters from the image.
Click on “Next” button.

After successful completion of all steps above, you will see a notification that your request has been added. Click on “Ok”.

The created request will be in queue to be processed by a dispatcher (automatic program).
In a short time there will be an Order appearing on your dashboard that you need to complete (to transfer your funds). You may receive one order or several orders for amount of your request for “Providing Help”. If you choose Bitcoins (not option “Other Bank”), you must transfer the exact amount in Bitcoins (not the amount in PHP).

Create an application to the dispatch queue. After a while, your desk surface individual instruction should execute the payment will appear (to perform funds transfer).

The amount of money to help with the transfer of the participants request the same amount. You need to transfer the corresponding amount of money through their bank accounts participant transfers correspond.

Each order includes the following information:

Period of time remained to complete transfer.
Transfer amount.

When you press the area of the Order (or on “Details” in the lower right corner of it) you will see:

Transfer amount.
Details of a recipient's account for transfer
Recipient's phone number to contact in case of difficulties with transfer. Your contact number as Sender.

You should make every transfers on time. In case of difficulties with a transfer, a recipient and a sender can get in touch with each other via chat (if a phone of one of the participants is not available for some reasons).

Press “Messages” in the upper right corner of an Order.
In the opened window type your message.
Your can add a file if necessary.
Click on “Send”.

After you have transferred money, you must show a recipient that the transfer was completed. He will be able to confirm receiving of your funds after you send a transfer evidence.

How to send an evidence of transfer:

Click on the blue button with the triangle inside.
Click on link “I completed this payment”

In the appeared menu, you should attach a screenshot or photo of completed payment transaction.

You can make a screenshot:

— with PrtScr button (next to F12 button of your keyboard). Press PrtScr. After that an image of your screen will be sent to the clipboard. Open the program for processing images (the simplest one is Paint). Select “Paste” in the program menu or Ctrl+V. Save the image on your computer.

— with a specialized software (LightShot etc.)

Click on the button "Browse File" to attach a photo or a screenshot.
Write a comment if you want.

After that Order’s icon become half green.

Once your recipient confirmed the receiving of funds, the icon will become fully green. And your Mavros will become confirmed.

After creation of a Request for Providing Help, check your Personal Office and email daily. So you will be aware about new orders for transfer and could prevent your account blocking for any possible reason.

For example. If you can not complete an order for any circumstances, make sure to write your reason to the Support Team:

Click on blue button.
Click on “I refuse to make money transfer”.

How to give your Bitcoin wallet number to the other party of the transfer?

If you need to provide your Bitcoin address to another user, you should first access your Bitcoin wallet and click on the button “Receive”.

You will see the window with your Bitcoin wallet address. Copy this address.

Enter your MMM Personal Office and click on “Accounts”.

Then, click on “Add”

Fill in your account data and paste your Bitcoin wallet address in the respective field. Now, another participant who wants to transfer money to you will see your Bitcoin address. When creating Help request, you can click on the order, access the section “Messages” and send your Bitcoin address there as well.

How to get help via Bitcoin?

In order to Get Help (“sell” Mavro) click on the appropriate button ("Get Help") on the dashboard of your Personal Office.

Select already registered account to Get Help (if you want to add a new one better use Accounts menu).
Click on "Next" button.

Choose one of your existing accounts and click on "Next" button.

selective extraction of Ma Fuluo total. In this menu you can choose to sell Ma Fuluo (1) from the available purse, you can check the number of available Mavro (2) and the corresponding Mavro real money (3). In the appropriate fields enter the desired number, and then click "Continue."

Check your amount for withdraw and click on "Next".

Created Request for Receiving Help appears on your desktop in Personal Office.

You should make sure that after the disbursement of funds have been deposited to your bank account

If the funds are received and confirmed, the icon will turn green.

This indicates that help is a success!

After creating your Getting Help Request you should wait for orders to be displayed on your dashboard. You will be able to see information about participant(s) who will transfer funds.

Appeared orders on your Dashboard will be of yellow color. After a sender confirmed that funds had been transferred, make sure to check your account. You should confirm a receipt of funds only when you see them in your account.

When a sender confirmed sending funds but you did nothing with an order, after some time the order’s icon will become yellow with a question mark.

When you click on this icon there will be two options:

confirm the receipt of funds
inform that the funds are not received.

If the funds are not received, after an investigation of Security Department this icon will become red with a cross.

It means that the order wasn’t completed. Such icon will appear if a sender didn’t confirm timely that the funds were sent.

In case of described situations the dispatcher will create another order for you with another participant to send his/her help to you.

Confirm orders only after making sure that the funds were received on your bank account or bitcoin wallet!

If funds are received and you confirmed receipt of funds, then this icon will turn green. It means that help has been successfully provided!

Keep in mind that you can extend the period of payment for 24 hours, if necessary. If a sender is not able to meet a standard requirement for 48 hours, you can give him additional time to complete this order. In order to do that:

Сlick on the icon.
Click on 24 hours extension.

Always report to the Support Team if you notice any unusual activity. FAQ: How to get in touch with the Support Team?

How to check if the transaction was successful?

Step 1: look at an order status in your Personal Office. After a participant receives funds, he will confirm the transaction.

Step 2: Bitcoin transactions will appear almost immediately in your transaction history. As soon as the transaction is completed, you will see “Unconfirmed transaction” in your transaction history, which means your transaction has not been confirmed yet.

Although Bitcoins were sent, your transaction has not yet been processed and can be cancelled.

Your transaction is considered completed when it has got 3 confirmations. It usually takes about 30 minutes, but the period length may change. Your transaction, till then, will have been displayed as pending (Unconfirmed transaction).

30 minutes is the average time to get confirmation. Generally, getting confirmed may take more or less than half an hour.

Confirmation is a form of reaching agreement about who and how many Bitcoins possesses.

As soon as confirmation is available, everyone agrees that you fully own now the Bitcoins you received, and they are at your disposal.

Until the moment your transaction gets confirmed, some network hosts check if the system is not deceived in any way. The more confirmations you receive the less the chance of its cancellation.

Only 6 confirmations or 1 hour (if based on time) will suffice to make the transaction cancellation almost impossible.

It is considerably better than using credit cards where the return of funds can be carried out even 3 months after the transfer!

How to check your transactions?

Follow the link: https://blockchain.info/wallet/#/login

Enter your login and password

Click on “TRANSACTIONS”

Choose the transaction and click
If the transaction is not confirmed, there will be written “Pending: 0/3 confirmations”

If the transaction is confirmed, you will see “Transaction Confirmed”

As soon as the transaction is confirmed, you can use the Bitcoins you received at your discretion.

How Bitcoin transaction is being proceeded?

Bitcoin system’s transactions are conducted between wallets which have digital signature. Each online transaction is public, and every participant may not only view its sender’s and recipient’s data in a public block chain, but also to trace the whole history of transactions, which were made prior to it - down to the inception of the first cryptocurrency.

In order to understand what a transaction is, have a look at the example below.

Diego sends Marco some Bitcoins. This activity is a transaction itself which will contain three types of data:

Input — a signature evidencing which address Bitcoins came to Diego from (let’s assume he has received them from Pedro);

Amount — the number of Bitcoins which Duiego sends Marco;

Output - Marco’s Bitcoin address.

To send anyone Bitcoins, you need two things: a Bitcoin address and a privacy key. The privacy key is a sequence of letters and digits, but unlike your Bitcoin address it is kept secret.

Your Bitcoin address is like a transparent deposit box. Anyone can look inside, see what there is, however, only that can open and take the content who has a privacy key.

Getting back to Diego and Marco, when Diego wants to send some digital coins to Marco, then, using the privacy key, he signs a transfer “request” where, as indicated above, three types of data are provided: the Bitcoin address, from which Bitcoins came to Diego, the amount and recipient’s address.

After that, he sends this “request” from his Bitcoin wallet to the Bitcoin network, where it is found by miners who then confirm a new online transaction by adding it into the transaction block, which, eventually, leads to increasing the balance of Marco’s Bitcoin address.

How to Create a Bitcoin Wallet on www.HUOBI.com?

Step 1. To create your bitcoin wallet at HUOBI service follow the link https://www.HUOBI.com/ and click on the Sign up button.

Step 2. The service will suggest you two ways of creating a new account - via email or via mobile number. You can choose any you like (we chose the email registration here). Fill in all the gaps in registration form and click on the Sign up button.

Step 3. After your form is sent, you will see the system message that you need to verify your email. Log in to your email box and copy the code in the letter from HUOBI service. Paste it in the gap.

Step 4. After you verified your email you will be able to log in your bitcoin wallet. Insert your email and password and click on the Log in button.

Well done! Your wallet is almost ready!

Step 5. To work with bitcoin transactions you will need to verify your identity. Click on the Finance tab inside your wallet. Then pick the BTC page on the left - and you will see that the first step of creating account is done.

Click on the Verify now button and pick the “Apply to users depositing/withdrawing with CNY”option

Step 6. Fill in all the gaps with your real personal data and click on the Submit button. Follow the instructions under the gaps to fill them in right.

After your ID was confirmed, you will receive a notification.

Step 7. To insecure your transactions you should set your Asset password. In should be different from your account password and you will use it to transfer money from your wallet. Click on the Security tab and choose the Security settings page on the left.

There are two active link on the top and in the bottom which are following to the Asset password settings. Also you can (and you should) bind your mobile phone number to increase the security level of your wallet.

Step 8. Create the password and fill the gaps. You can pick the option to receive SMS code to make a withdrawal of you click on the box below the password.

To confirm your settings click on the button to receive the SMS code and insert it in the gap. Finally, click on the Confirm button.

Congrats! Your bitcoin wallet is totally ready for use!

Step 9. Click on the Finance tab and pick the BTC page on the left. Here you can see your bitcoin wallet number. Use it to receive payments on your wallet.

How to Deposit in Bitcoin wallet on www.HUOBI.com?

Step 1. Follow the link https://www.HUOBI.com and log in your wallet.

Step 2. Click on the Finance tab, pick the CNY Spot Account on the left and click on the CNY Deposit button.

Step 3. When you deposit for the first time you will need to bind your bank card to your wallet (if you want to change the existing card or add new, follow the same instruction).

Click on the Change bank card button and pick the Bind bank card option.

Step 4. Insert your bank card number and choose the bank from the list.

Step 5. When you automatically return to the deposit form, insert the amount you want to deposit and submit.

Step 6. The system will create the deposit order with unique data so you will be able to follow the instruction of receiving funds.

How to Buy Bitcoins on www.HUOBI.com?

Step 1. Follow the link http://www.HUOBI.com/ and log in your wallet.

Step 2. Both to buy and sell bitcoins follow the way: tab Finance, page Buy/Sell on the left, tab Market price.

Step 3. To buy bitcoins (or in fact, convert your CNY on the balance to BTC) insert the amount of bitcoins you want to buy and click on the Buy button. The system will create buying orders and bitcoins will appear on your balance (it might take some time).

How to sell bitcoins at www.HUOBI.com?

Step 1. Follow the link https://www.HUOBI.comand log in your wallet.

Step 2. Both to buy and sell bitcoins follow the way: tab Finance, page Buy/Sell on the left, tab Market price.

Step 3. To sell bitcoins (in fact, to convert BTC to CNY) you should insert the amount you want to sell and click on the Sell button.

How to Send Bitcoins on www.HUOBI.com?

Step 1. Follow the link https://www.HUOBI.comand log in your wallet.

Step 2. To send bitcoins to another user you need to add his bitcoin wallet number to your “address list”.

Click on the page Asset Account Management on the left and pick the BTC Account tab. There you will find a plus button, click on it to add the receiver’s wallet.

Step 3. The form will be opened and you should insert your receiver’s bitcoin wallet number in the gap. Then click on the box and insert the Asset password. If you have the SMS verification option in your security settings, get and insert the SMS code.

Click on the Confirm button and this receiver will be added to your list.

Step 4. To send bitcoins to another user go on the Finance tab, choose the BTC pang on the left and click on the BTC Withdrawal tab.

Step 5. Pick the receiver’s wallet number from the list (or add new one).

Step 6. Insert the amount of bitcoins you want to send, choose the transaction fee, following the instruction (the more is fee, the faster funds are transferred). Insert your Asset password and click on the Withdraw now! button. Bitcoins will be sent to the receiver.

How to find Bitcoin wallet number on www.HUOBI.com?

Step 1. Follow the link https://www.HUOBI.comand log in your wallet.

Step 2. Click on the Finance tab and pick the BTC page on the left. Here you can see your bitcoin wallet number. Use it to receive payments on your wallet.

How to withdraw money at www.HUOBI.com?

Step 1. Follow the link https://www.HUOBI.comand log in your wallet.

Step 2. To withdraw funds from your wallet click on the Finance tab, choose the CNY Deposit and withdrawal page on the left and pick the CNY Withdrawal tab.

Step 3.Insert the amount, Asset password and click to get SMS code if you chose the Withdrawal SMS verification in your security settings.

Click the Withdrawal button and receive funds at your card.

How to increase the security level of Bitcoin wallet on www.HUOBI.com?

Binding two factor verification to your bitcoin wallet increases its’ security level much higher. Nobody will have a chance to withdraw funds or change your settings without the additional password, which is being changed once in 30 seconds.

Step 1. To bind two factor verification to your personal office in HUOBI service, go to https://www.HUOBI.comand log in your wallet.

Step 2. Go to the Security settings page.

Step 3. Pick the option of Google Authentication and click on the Bind link.

Step 4. This is the form of binding two factor authentication. You can see a complicated long unique code of your wallet on the top. Copy it.

Step 5. Open the other tab in your browser and follow the link https://gauth.apps.gbraad.nl/#main

Click on the Add button.

Step 6. Insert the code you copied and create the name for your account (for example, My HUOBI Wallet or any other name by which you will understand where this account is bound to).

Click on the Add button to save.

Step 7. Now you one-time passwords are being generated. You can see the time left for this password to stay actual in the right top corner.

Step 8. To finish two factor verification remember the generated password and go back to the tab with HUOBI wallet. Insert the password to the gap and click on the SMS verification button. Enter the code from SMS into the gap and click Confirm button to save.

Now you wallet has two factor authentication.

If you try to change any security settings, you will need to follow the link https://gauth.apps.gbraad.nl/#main and insert the password, generated there, to the special gap. Let’s take a look at examples.

Step 9. If you want to change the mobile number bound to your account, you will need to click on this option on the Security page.

Step 10. You will need to make 5 actions to finish this process:

Click on the SMS verification button and insert the code from SMS into the gap. This SMS will be sent on your old mobile phone number.
Enter your new mobile phone number.
Receive and enter the code from SMS on your new mobile number.
Go to the authentication service and remember the password, generated there, insert it into the gap of Google authentication code.
Click the Confirm button to save changes.

Remember, when you want to insert the two factor authentication code, you need to follow the time.

Each code is valid for only 30 seconds, so you have to go to the service, wait till the new code is being generated, remember it and insert into the gap in the other tab.

Step 11. If you want to unbind the two factor verification you need to go to the Security page and choose this options among the security settings.

Step 12. Get the verification code in SMS and insert it into the gap. Remember the password generated by Gauthy service and insert it into the gap within 30 seconds. Click the Confirm button to save the changes.

How to recover password of Bitcoin wallet on www.HUOBI.com?

If you forgot the password to your personal office in BTCC service, there is an option to recover your access.

Step 1. Click on the link that you forgot the password on the login page

Step 2. You will be redirected to the page of password recovery. There are 2 options - to retrieve the password via email or via mobile phone. Choose any, we have an example of email password recovery.

Step 3. Fill in the form with data which you used for registration in Huobi and click on the Next button.

Step 4. You will see the system message that verification email was sent to your mailbox. You need to go to your mailbox, find the letter from Huobi, find there the verification code, copy it and insert into the gap here.

This is how the verification code looks like:

Step 5. After you enter the code and click on the Next button you will see the form for creating new password.

Create a complicated password with big and small case letters and numbers, write it somewhere you will have the access to. And click the Next button.

Step 6. Your new password is ready and you can log in to your personal office of Huobi using your email (or telephone number) and new created password.

If you want to retrieve your password via mobile phone, you should choose this option and do all the same actions. The only difference is that you will receive the verification code on your phone, not to the mailbox.

How to Create a Bitcoin Wallet on www.BTCC.com?

Step 1. Follow the link https://www.BTCC.com/ and click on the Sign up tab.

Fill in all the gaps using your real personal data, insert CAPTCHA and click on the box that you read the Agreement statements (read it carefully first). Click on the Sing up button.

Step 2. You will receive the system message that you need to verify your email.

Step 3. Go to your email, there you will find a letter from BTCC service, open it and click on the link inside.

Step 4. Now you can log in your personal wallet at BTCC service. In the top right corner you will see your email - it is the sign that you are logged in.

Choose the CNY Account page.

Step 5. The first step to start using your wallet is depositing money. Click on the Deposit button.

Step 6. You will see the system message that you haven’t finished the registration process. Now you need to bind your mobile phone. It increases the security level of your wallet.

Click on the Set button.

Step 7. Choose your country and enter your mobile phone number. Click on the blue button to receive an SMS Verification code.

When you receive the system SMS, copy the code from it to the box and click on the Submit button. Now your mobile phone is bind to the wallet.

You will be auto forwarded to the Security settings page in 30 seconds.

Step 8. To proceed the financial operations you will need a transaction password. You will see the system message about setting it - click on the Set button.

Step 9. First click on the blue button to get the SMS with verification code and copy the code to the box.

Step 10. Now you can create and set the transaction password.

When you create it, remember that it must be really complicated with big and small cases letters and numbers - so nobody can’t guess your password and proceed financial operations in your wallet instead of you.

Step 11. Pick security questions and remember the answers very carefully. If you lose your phone or forget your password you will need the answers to recover your access to the wallet.

Step 12. And the last Security setting. Click on the Security center page on the left and you will see that one box is missing. Click on the Set button of Identity information point.

Step 13. Fill the form with all your real personal data and click on the confirmation button. You information will be bind to the account shortly.

Now your account is completely finished and ready to be used. Click on the Account page and choose the Deposit on the left, choose the BTC Deposit tab. Here you can see the number of your bitcoin wallet.

Give it to someone who wants to send you bitcoins and receive your funds shortly!

How to Deposit in Bitcoin wallet on www.BTCC.com?

Step 1. Follow the link https://www.BTCC.com/

Enter your email and password and click on the Sign in button.

Step 2. Choose the CNY Account page

Step 3. Click on the Deposit button.

Step 4. Here, on the CNY Deposit tab, you can see the deposit form. Fill it: enter the amount of money you want to deposit and your bank account number.

If it’s not the first time you deposit funds, you will see your bank accounts in the list of previously used ones. So you can pick one of them.

Step 5. After you fill the form and click on the Create Request button, the system will create a deposit order with all the details for you. So you will be able to go to your online bank and transfer funds. Follow this instruction and CNY will appear on your balance shortly.

How to Buy Bitcoins on www.BTCC.com?

Step 1. Follow the linkwww.BTCC.com

Enter your email and password and click on the Sign in button.

Step 2. Click on the Products menu and choose the Trade page at CNY Exchange.

Step 3. Click on the Market tab and you will see 2 forms: to buy and to sell bitcoins.

Fill the form to buy bitcoins and click on the Buy button. The system will create order(s) and shortly bitcoins will appear on your balance.

If you were already logged in your wallet, you can either click on the Exchange button or pick the Products menu from the account - to get to the Trade page.

How to sell bitcoins on www.BTCC.com?

Step 1. Follow the link https://www.BTCC.com/

Enter your email and password and click on the Sign in button.

Step 2. Click on the Products menu and choose the Trade page at CNY Exchange.

Step 3. Click on the Market tab and you will see 2 forms: to buy and to sell bitcoins.

Fill the form to sell bitcoins and click on the Sell button. The system will create order(s) and shortly bitcoins will disappear from your balance and CNY will appear instead.

If you were already logged in your wallet, you can either click on the Exchange button or pick the Products menu from the account - to get to the Trade page.

How to Send Bitcoins on www.BTCC.com?

Step 1. Follow the link https://www.BTCC.com/

Enter your email and password and click on the Sign in button.

Step 2. Choose the CNY Account page.

Step 3. Click on the Withdrawal button.

Step 4. On the withdrawal page choose the BTC Withdrawal button and you will see the form which you need to fill.

Pick the receiver’s bitcoin wallet number from the address list, or click on the Add address button to add new one.

Step 5. Insert the receiver’s bitcoin wallet number into the gap, click on the SMS verification button and copy the code from SMS to the box.

Click the Add to address book button to save new receiver.

Step 6. Enter the amount of bitcoins you want to send and insert the transaction password. If you want, you can pay the additional fee to increase the status of your transaction and make it be proceeded faster.

Click on the Withdrawal button. Shortly your receiver will find bitcoins on his balance.

How to find Bitcoin wallet number on www.BTCC.com?

Step 1. Follow the link https://www.BTCC.com/

Enter your email and password and click on the Sign in button.

Step 2. Choose the CNY Account page.

Step 3. Click on the Deposit button.

Step 4. Choose the BTC Deposit tab. Here you can see the number of your bitcoin wallet.

Copy it and give to someone who wants to send bitcoins to you.

How to withdraw on www.BTCC.com?

Step 1. Follow the link https://www.BTCC.com/

Enter your email and password and click on the Sign in button.

Step 2. Choose the CNY Account page.

Step 3. Click on the Withdrawal button.

Step 4. Enter the amount of money you want to withdraw and your transaction password. If it’s not the first time you withdraw funds, you will see the list of bank accounts you can withdraw to. Pick one of them and click on the withdrawal button. The funds will appear on your bank balance shortly.

Step 5. If it’s your first time or you want to change the bank account, click on the button to add bank account.

Choose your bank and fill the data. Click on the button to get verification code, copy the code from the SMS and click on the confirm button. Your new bank account will be added to the list, so you will be able to receive funds there

How to increase the security level of Bitcoin wallet on www.BTCC.com?

Step 1. Follow the link https://www.BTCC.com/

Enter your email and password and click on the Sign in button.

Step 2. Choose the CNY Account page.

Step 3. Click on the 2-Factor Verification page. Here you can read the instruction about installing 2-factor authenticator on your mobile phone, and we will tell you about binding to the web-service.

Step 4. Click on the blue button on the bottom of the page.

Step 5. The unique code will appear. Copy it.

Step 6. Important! Open the new tab in your browser and follow the link https://gauth.apps.gbraad.nl/#main and log in your wallet.

Click on the Add button.

Step 7. Create a name for your account, by which you will understand what service this password is being generated for. For example, My BTCC or BTCC bitcoin wallet.

Insert the code you copied from the BTCC account. Click on the Add button.

Step 8. Now you passwords for BTCC service are being generated. In the top right corner of the page you can see the timer going from 30 seconds to 0. This is a lifetime of the password, every pass is valid for only 30 seconds and after this it’s being changed for a new one.

Wait till the new password appears, remember it and go back to the tab with the BTCC account.

Step 9. Insert the code into the gap and click on the Next button.

Step 10. The SMS verification form will appear. Click on the Get SMS button, insert the code from SMS into the gap and click on the Next button.

Step 11. You will see the system message that your binding 2-factor verification was successful. And you can enable 2-factor authentication for login. Click on the Enable button.

Step 12. You will see the system message that it was successful, too. Now you can log out of your BTCC account to try how the 2-factor verification works.

Step 13. When you log out and insert your login data into the login form on the main page of BTCC service, you will see that additional password form appears. Open the Gauth service in the new tab, wait till the new password is being generated for BTCC account, remember it and insert into this form within 30 seconds. You will login to your wallet as usual after this.

Step 14. You can change the settings of 2-factor authentication. Go to the Security tab and choose the 2-Factor Verification page. Here you can see the variety of settings.

Step 15. For example, you want to turn off the 2-factor authentication at all. Then you need to click on the appropriate link. And you will see that you need to insert the 2-factor password, so go to the Gauth service, remember the valid password and insert it into the gap.

You will see the system message that 2-factor is disabled.

How to recover the password of Bitcoin wallet on www.BTCC.com?

If you forgot the password to your personal office in BTCC service, there is an option to recover your access.

Step 1. Click on the link that you forgot the password on the login page

Step 2. You will be redirected to the page with the password recovery form. Fill it with email which you used for registration in BTCC, enter CAPTCHA and click on the Next button.

Step 3. You will see the system message that verification email was sent to your mailbox. You need to go to your mailbox, find the letter from BTCC and follow the link in the letter.

This is how the link looks like:

Step 4. After you follow the link you will see the form for creating new password.

Create a complicated password with big and small case letters and numbers, write it somewhere you will have the access to. And click the Next button.

Step 5. Your new password is ready and you can log in to your personal office of BTCC using your email (or telephone number) and a new created password.