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If you are recent in the Bitcoin world, you may have been quite confused by the
Terms and procedures associated with crypto-currencies.
LUNO(formerly BitX) is a well registered digital currency company that
provides Bitcoin wallet and exchange services.
NEUTCOIN(https://www.neutcoin.info) (Auto Swap wallet as everyone
knows it) is an online wallet service that is capable of interswapping
currencies to generate margin profits.
I will show you the ways to use it and give you some great lessons on
how to earn easily also using LUNO and NEUTCOIN wallets.
This will serve as a basic guide to help introduce you to digital
currencies and how to make wealth from them.
NEUTCOIN and LUNO has the best and simplest system design and
interface. Anyone who can operate a smartphone can use them. And if
you own a smartphone or laptop, you should venture into this.
WHAT IS BITCOIN?
Basically cryptographic currencies are digital forms of money, which
means that they
are scarce, valuable and transferable (primary characteristics of
money) as well
as effective but with distinctive property that they are easy to
transfer and are
not controlled by any body.
HOW TO CREATE BITCOIN WALLETS
It's pretty easy to earn bitcoins as a new user; It is advised to use
Swap-wallets are different from static wallets because they are able to
swap your assets to the most progressive form at every point in time.
Your assets always appreciate and can not depreciate because all the
crypto-currencies can not depreciate or appreciate at the same rates.
A fall in one means a rise in another.
Hence by interswapping them correctly you can key into this volatility
to make profits off them.
You can create static bitcoin wallets at https://www.luno.com
However, to get profits, you must create a Swap wallet.
You can get it at https://www.neutcoin.info
Swap-wallets are also called Auto swap-wallets.
You will also need to create a LUNO or COINBASE or PAXFUL, REMITANO
etc, account for buying
or exchanging bitcoins for money.
For this guide, I am going with LUNO since it is easier and more accessible to
new USERS especially those from non European countries.
You can adapt this part to work with coinbase or whatever services you use.
Create a luno wallet with your correct details from https://www.luno.com
or using the mobile app.
(1) So you buy bitcoins from luno and transfer it to your Swap-Wallet you
created at neutcoin.info
Give it few weeks of swapping and transfer the margin profits to your
luno wallet again;
from there, you can then withdraw directly to your local bank account.
The basic idea is to store your bitcoins in a Swap Wallet so they are
constantly inter-swapped hence appreciate in value; you also get a
unique address with which you use to receive bitcoins directly to your
Swap-Wallets are used just like regular bitcoin wallets and can be
used to receive and send bitcoins.
NB: I used NEUTCOIN Swap wallet here because it's easy to use and
understand especially for new users and swapping is automatic.
You can check out thousands of site reviews made by users at
NB:luno has some limitations on the amount of funds that can be
withdrawn in one batch by a single individual(ranging within hundreds
of dollars) hence to remove this limitations, you should upload
identification documents eg driving licence, national identity card
So that's it.
I hope that you all have the best experience in the new world of cryptos.
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