BitConnect Coin (BCC) is a cryptocurrency that was part of a Ponzi scheme. It was launched in 2016 and allowed users to lend the value of BCC in return for interest payments. The scheme was based on a multilevel marketing structure, where users traded Bitcoin for BCC and could lock in the instantaneous value of the coin for a set period of time while earning daily interest. The interest payouts were determined by a trading bot. The liquidity of the BCC cryptocurrency funded users' ability to exchange their earnings for Bitcoin. However, the project was shut down in 2018 due to legal issues and the value of BCC plummeted.
BitConnect Coin (BCC) was the native token of the now-defunct BitConnect Ponzi scheme. It was launched in February 2016 and aimed to function as the means by which participants in the BitConnect scheme invested and received payouts. Users could lend the value of BCC in return for interest payments, which were determined by a trading bot. The liquidity of the BCC cryptocurrency funded users' ability to exchange their earnings for Bitcoin. However, the scheme was shut down in January 2018, and the value of BCC plummeted to virtually zero, where it has remained ever since.
To store BitConnect Coin (BCCOIN) tokens, you can use the BitConnect wallet, which is available for various operating systems. Here are the steps to set up the wallet on different platforms:
Windows- Download the wallet: Go to the BitConnect website and download the wallet software for Windows.
- Unzip the files: Unzip the downloaded file to access the
bitconnect.exefile. - Install the wallet: Double-click on
bitconnect.exeto install the wallet software. - Use the wallet: Once installed, you can use the wallet to receive, store, and send BitConnect Coin tokens.
- Download the wallet: Go to the BitConnect website and download the wallet software for Linux.
- Unzip the files: Open a terminal, navigate to the download directory, and use the command
unzip wallet_file.zip -d destination_folderto unzip the files. - Execute the wallet: Run the wallet using the command
./bitconnect-linux-qt. - Use the wallet: Once executed, you can use the wallet to receive, store, and send BitConnect Coin tokens.
- Download the wallet: Go to the BitConnect website and download the wallet software for Mac OS X.
- Unzip the files: Unzip the downloaded file to access the
bitconnect-qt.dmgfile. - Install the wallet: Double-click on
bitconnect-qt.dmgto install the wallet software. - Use the wallet: Once installed, you can use the wallet to receive, store, and send BitConnect Coin tokens.
These wallets allow you to manage your BitConnect Coin tokens securely and efficiently.
To buy BitConnect Coin (BCCOIN) tokens, you can follow these steps:
Find a Reliable Centralized Exchange: Look for a trustworthy centralized exchange where BitConnect Coin is listed. You can refer to Coinmarketcap for a list of exchanges that support BCCOIN.
Create an Account: Sign up for an account on the chosen exchange, following their registration process.
Deposit Funds: Deposit the required cryptocurrency (e.g., Bitcoin) into your exchange account.
Search for BCCOIN: Locate the BCCOIN trading pair on the exchange and place a buy order at the desired price.
Complete the Purchase: Once your order is executed, the BCCOIN tokens will be credited to your exchange wallet.
Please note that BitConnect has a controversial history as a Ponzi scheme, and its value has remained virtually zero since its collapse.