The BitsTrades is actually the open source platform offering its users a large number of features supporting the electronic investments of money. The BitsTrades is only a site or a platform which is allowing you to register yourself as a member and then trade with a large number of members available on the platform just like you.
You are going to purchase the Bitcoin within one location and then transfer it to the BitsTrades platform to get the currency offered by this platform in exchange for the Bitcoin that you have purchased from some other source.
It is not necessary to buy Bitcoin from another source rather you can invest within BitsTrades platform by purchasing from the BitsTrades.
There are a total of two ways for winning with the BitsTrades:
The first way is quite simple and straightforward that includes undermining of a coin. The BitsTrades is the PoS currency that means you are allowed to save your coins without any need to use them. This is the method to provide stability to coins without any need to generate the electrical expenses like Bitcoin mining.
After the wallet has been downloaded, you should wait for at least 15 days in order to earn ‘Maturity’ for your coins. As the wallet is opened, it is going to drop only small mining fractions of newer blocks.
The second way of winning with BitsTrades seems to be little different but simple like the first method. It includes the investment of the Bitcoin on the BitsTrades platform. All you have to do is to get yourself registered to the official website and when your account has been created, you are allowed to start its spending.
Once your user account has been created on the BitsTrades, you are now eligible for the simple and easy investment. The platform offers two wallets including BitsTrades and Bitcoin. You are allowed to transfer your money to any wallet that you like. If you have transferred money in the form of bitcoins, the exchange window will help in the conversion of Bitcoin to the BitsTrades currency. The whole process of investment on BitsTrades site is in dollars and this is how all the changes are made within it. The minimum amount of investment on the BitsTrades is $100.
The platform BitsTrades allows you to lend some money and this is how you become their business partner as you have developed your own user profile and you are serving as a business partner too. You are allowed to charge the commissions and earn money due to the difference in between the selling and the buying prices. It also generates new fee every time when you are investing or trading the currencies.
The mining is the term used for the creation of new BitsTrades coins. You are allowed to mine the GPU or CPU BitsTrades coins. But, the small amount of the BitsTrades coins has been created with the process of mining.