SOUTH AFRICAN’s “DIY” Guide Into Entering The World of
BITCOIN.!!
INTRODUCTION: (CAN
BE USED FOR OTHER COUNTRIES!!)
Throughout
history, there have been people with money and people without money, the people
with the money controlled the people who did not have money, which has never fchanged!
The fact
that you are reading this document, shows me that you are searching for
alternative opportunities of banking, investment, saving, trading, etc.
The main
problem, it is not going to be easy!! The current financial institutions make
it close to impossible to adopt a financial system not controlled by them or
government.
Thus if,
like me you have given BITCOIN a try
and have struggled to find a way to fund your account and/or draw from your BITCOIN wallet, to the point of giving
up!, it is vital you read through this document and follow these instructions “Step by Step”.!
This
document will get you going in the most “Time
Effective”, “Time Saving” manner !.
Welcome to
the BITCOIN WORLD of Opportunities!!!.
I would
suggest you read through this entire document, before you start following the “Step by Step” instructions. I am aware
it will seem like a “Mountain” of
information, however this little “Heap”
of information will save you a “World”
of time, trouble and frustrations!
(It took me over two years of “Trail” and “Error” to get to the point where I am able to share this
information with you. In Summary: “This is the simple and easy way I am dealing
with BITCOINS today!!””)
What I will be sharing with you is
the following:
1.What BITCOIN is all about
2.Which BITCOIN Wallets to open to: “Step by Step”
2.1 Easy Transaction & verification without having to provide proof of payment
2.2 How to effectively Fund
your BITCOIN account from SOUTH AFRICA, straight from your bank
account.
2.3 How to order a BITCOIN
debit card and use it with any ATM
in the World, without any currency exchange rates.
3. How to
bennefit from BITCOIN RISING a DONATION EXCHANGE program between BITCOIN users.
NB!! Each step is to be followed in the
exact order as explained below, as there are time delays involved in getting
everything “Setup” and could take upto
48 Hours, which if not done properly
will have an impact on time based BITCOIN
opportunities.
The secret
to success with BITCOIN is to have
everything ready and “Setup”, BEFORE you look at doing ANYTHING
related to BITCOIN transactions.
Trust me, spending a few minutes working through this document will save you TIME, MONEY and FRUSTRATIONS!
1. WHAT IS BITCOIN?
Many of you
have heard in the media, seen on TV and on the Internet about “BITCOIN”, without repeating what “BITCOIN” is all about and how it
works, please follow this link, which will give you an overview of BITCOIN : https://youtu.be/6tWtTsvmHJg
Now, that
you have become excited about “BITCOIN”,
there are a few pointers to consider before you leap into all the marketing “PITFALLS”, which are not explained
beforehand!
Understand
that if you type into “Google” – “FREE BITCOIN WALLET”, the result will
come back with thousands of companies offering “Free BITCOIN Wallets!” The problem is, none of them inform you that
it is “Nearly impossible” to get
money from a South African bank in ZAR (South African Rands) account into
your NEW “BITCOIN” account.
Now, this is
where I am going walk you through a “STEP
by STEP” solution to the above “Challenge”.
I must tell you beforehand, I am relating this specific problem to South Africa and to the South African Rand (ZAR).(AS
I EXPERIENCED!)
2. Which “BITCOIN” Wallets to open
to: “Step by Step”
Once you
realise how “BIG” BITCOINS are on
the internet, it could be a little intimidating to decide where to start and
which company to use, in order to open a “BITCOIN
WALLET”, Don’t be it is quite simple if you know what needs to be done!
Firstly,
dtermine what it is that you need your “BITCOIN
WALLET” to do for you.
a) Must be accepted by most, if not all
service providers!
b) Must have an automated system of
confirming payment was done.
c) Must be able to reference and check
any transaction, without having to fax,e-mail or show any form of proof of
payment!
d) Must be easy to use and easy to
understand and secure to use.
e) Must be able to accept direct
Transfers from my South African Bank account in ZAR directly into my “BITCOIN”
account.
f) Must give you the opportunity to
convert ZAR into “BITCOINS” directly without having to
first convert into another currency eg: USD
g) Must give you the opportunity to
convert from “BITCOINS” to ZAR and
back into your bank account in South Africa.
h) Must give you an opprtunity to spend
your “BITCOINS” at any vendor in the
world or give you the means to draw cash from any ATM in the world straight out
of your “BITCOIN” account, via a
debit card you keep in your pocket!
I will show
you all the above in the notes to follow, however the above is not available
from one single “BITCOIN WALLET”
provider! In order for you to do the above you will have to create “Three” different “BITCOIN WALLETS”
with “Three” Different providers, of
which you will then transfer “BITCOINS”
freely between your wallets in order to achieve total freedom of your “BITCOINS
IN and OUT” of your accounts.
The First Provider is one of the most popular provider called BLOCKCHAIN and covers the following:
(But not just limited to this!!)
a) Must be accepted by most, if not all
service providers!
b) Must have an automated system of
confirming payment was done.
c) Must be able to reference and check
any transaction, without having to fax,e-mail or show any form of proof of
payment!
d) Must be easy to use and easy to
understand and secure to use.
e)
Below
you will find the Tutorial of opening a blockchain account.
f)
THIS
IS THE 1st ACCOUNT TO OPEN!!
What is the
Blockchain: https://youtu.be/YIVAluSL9SU
You may use this link to open a blockchain account: https://blockchain.info/wallet/#/ “Press” the button “Create A Free BITCOIN wallet”
Please Note :
You must have access to your e-mail address you provided! Keep it open, ongoing
through the proccess as blockchain send you confirmation e-mails, of which you
need to click on the link provided in the e-mail to advance to the next steps.
1.
Once you have created your account, open a blank
word document and “Copy Paste” your
e-wallet account number into this word document and save the document.
2.
Once you have done this, “Copy Paste” your wallet address to receive BITCOIN into the same
word document. (This is just to have easy access to the information!!)
Alternatively write it down, however you must be accurate and need to retype it
everytime you want to use your account, much easier to copy paste!)
3.
PLEASE
NOTE: DO NOT INCLUDE YOUR PASSWORD ON ANY ELECTRONIC DOCUMENT!! WRITE
IT DOWN SOMEWHERE!!
4.
Also Note
: Once you have opened and confirmed your login attempt through the e-mail link
blockchain has sent you, refresh the page where you entered your password and
enter your password again and press the “Sign-in”
button, this seems to work quicker than waiting for the original sign-in
request to register.
How to fund your
blockchain account or any other BITCOIN account online from South Africa.
I have opened numerous BITCOIN
accounts with various service providers and the bulk of them did not accept
direct transfers or Master/Visa cards, thus making extremely difficult for a
new member to fund their BITCOIN wallet from South Africa, without having to convert to USD and then finding a
way of taking the USD and funding
their BITCOIN wallet.
Here I have the easiest steps to follow to eliminate all the
Hassle of trying to buy BITCOINS and
then trying to cashout BIDCOINS.
Just follow these steps one by one and you will have the means of trading “Hassle free” with BITCOINS to and from your online banking platform.
Trust me this will save you hours and hours of frustration
and make BITCOIN work as simple as
your normal currency!
2.(Secondly) 2nd Account with
another service provider,you need to open a BITx account by following this link
: https://www.bitx.co
THIS WILL ASSIST WITH: (But not limited
to!)
i)
Must
be able to accept direct Transfers from my South African Bank account in ZAR directly into my “BITCOIN” account.
j)
Must
give you the opportunity to convert ZAR
into “BITCOINS” directly without
having to first convert into another currency eg: USD
k) Must give you the opportunity to
convert from “BITCOINS” to ZAR and
back into your bank account in South Africa.
l)
You
have the opportunity to become a “BITCOIN”
trader with this platform aswell!
(Please note you will
have to submit a proof of residence and certified copy of South African
Identity Document!!, in order to open your limits!) once you have opened
the account you can go to promotions button on homepage and enter this code C42WT you will then get R10 added to you deposit value once you make a desposit.
2.Below you will find the tutorial of the Step by Step way of opening the BITx account. Opening a BITX Accout : https://youtu.be/duWzCItWbIk
3. Once you have opened the BITx account (Could take 48hrs
to confirm all documentation), you are able to deposit money directly from any
South African bank via electronic banking into your BITx account.
4.To transfer money you need to indicate on your BITx
account that you would like to deposit money and it will take you to a page
where you are given the bank account details of BITx and the specific reference
number for your transfer.
5. Print this document or save the details or write it down,
Now go to your own online banking page of your bank account and add BITx as a beneficiary,
& do the transfer for the amount you would like to buy BITCOINS remember to
use the specific reference allocated by the BITx system..
6. Once you transfer the amout it can take upto 48 hrs
before it appears in your BITx account, don’t panic you will receive an e-mail
from BITx once the money has arrived, if not contact them. (After the 48hr
period)
7. Once the money appears in your BITx account in ZAR (South
African Rands), you need to then purchase BITCOINS within your BITx account by
“purchasing” BITCOINS to the value of your choice.
8. The purchase of BITCOIN
within BITx is immediate and will appear under the BITCOIN balance section of your BITx account, which is also your
BITCOIN wallet at BITx.(Here again copy paste the Wallet Address for future
reference!)
9. From this BITx wallet you are able to transfer to any BITCOIN wallet you want by just using
the send button and adding the BITCOIN
wallet address for the receiver.
10. BITCOIN transfers can take upto 24hrs, but usually clear
in 1 hr.
Now, with the above you are able to start trading with “BITCOINS”, have them confirmed
automatically and fund any of your “BITCOIN” wallets directly from you South
African Bank account in ZAR. You
also have the ability to convert “BITCOINS”
into ZAR and back into your local
bank account.
However, it still does not give you the freedom of going to
any ATM in the World and drawing
cash directly from your “BITCOIN
WALLETS”!
This is where the 3rd
Option and 3rd “BITCOIN WALLET” needs to be setup in order to give
you the freedom as you currently have with you ATM card.
This is the 3rd and final step in the “BITCOIN” opportunity, to give you
freedom of drawing money from any ATM in
the World with a XAPO DEBIT CARD!!
This link
will take you straight to the TUTORIAL of opening a XAPO ACCOUNT: https://youtu.be/u5LsT2WR6aM
Please note
once you are ready to open the XAPO account, you are able to use this link to
go directly to the XAPO website: https://www.xapo.com/
There you
are !, by the time you have reached this, you would have the ability to trade
with ease within “BITCOIN” currency hassle free and with the least amount of
frustrations! Once you have done a few transactions between your own accounts,
the system becomes extremely easy to use and there are no limitations to what
you can or cannot do within the world of “BITCOIN”.
In Summary:
You now have
“Three” different “BITCOIN WALLETS”, 1x (BITx),which you are able to fund
directly from your South African Bank account in ZAR, & 2x (Blockchain & Xapo, which can be funded with BITCOINS from your BITx Account)
Blockchain – Enables you to trade with any “BITCOIN WALLET” in the world and has
automated confirmation of transactions with zero delay.
BITx- Enables you to transfer ZAR into your BITx BITCOIN WALLET and
in this platform convert ZAR into
BITCOINS and Vice Versa.YOU now have “BITCOINS” to fund your Blockchain Account
and your XAPO account. Or pay any
receiver directly from your BITx account,
however will still need to go check for the transaction manually if the
receiver does not have a Bitx account.
XAPO- Enables you to receive a Xapo Debit Card to draw cash at any ATM in the world directly from your
BITCOIN balance. Plus, you may transfer to any receiver, however even here,
needs to be confirmed if they don’t have a XAPO account. XAPO also offers a
Vault for you to “lock” your BITCOINS for safe keeping.
As you can
see, all the above have different solutions, however by using each solution in
conjunction with the other, you have an overall workable solution to be very
efficient in the “BITCOIN” arena.
Herewith a
flow diagram to visualise what is written above:
VERY IMPORTANT TO NOTE THE FOLLOWING:
1.First setup all the accounts as
mentioned and wait for the authorisations to be done with confirmations of
accounts being ready!
2. Transfer money from your
normal bank account into BITx and wait for it to clear approx 48hrs.
3.Once cleared, purchase BITCOINS
in your BITx account, which will immediately be available in your BITx BITCOIN
Wallet.
4. Transfer BITCOINS from your
BITx BITCOIN wallet to your Blockchain Wallet and to your Xapo Wallet, even if
you use a small amount 0.0002 bitcoin, this will show you that everything is
set-up and ready to transact. Transaction usually take 15min but can take upto
24hrs to show.
5.Once you have tested the
accounts, now you are ready to transfer to any other BITCOIN user on the
internet by using their unique wallet address.
Good luck I trust this has
assisted you?!
NOW FOR THE BITCOIN OPPORTUNITIES ON THE INTERNET!!:
When looking at BITCOIN, it opens a “WORLD” of opportunities of “Peer to Peer” transaction, with like
minded individuals. You will find many opportunities on thousands of websites
offering deals on BITCOIN deposits.
(As this is instantaneous you will miss out on time based opportunities, which
could within the minutes/hours grow your BITCOINS,
should you not have everything setup beforehand! Ie: The 48hrs it takes
have your funds clear could have you banned from opportunities, which expire
within 24hrs)
The reason for this is that BITCOIN is immediate and cannot be
reversed, thus making it safe and secure way of doing “Peer to Peer” business. In fact as BITCOIN is a “GLOBAL” online based currency, it
offers “GLOBAL” opportunities you
would never have been exposed to in your current circumstances!!
WARNING!! Please always
be aware that with every opportunity, there also comes risk! Nothing in the
world is guarenteed, thus you need to always be aware with any opportunity
there will be people who are going to “CON”
you out of your money!!!, so please be careful what you get involved with,
as not everything on the “NET” is
true!! If you feel uncomfortable, don’t do it!!
