What is Bitcoin Interest (BCI) cryptocurrency in simple words

Follow the Bitcoin Interest rate in real time. You can also track the dynamics of changes in Bitcoin Interest for the period of interest to you.

Bitcoin Interest (BCI) to Russian ruble (RUB) exchange rate

Using the Bitcoin interest rate chart, you can get acquainted with information about changes in the value of a currency over a certain period of time - from one minute to the entire period of the token’s existence. To enhance ease of use, we offer a range of pre-configured charts available on individual pages of our site.

You can get the value of your desired BCI number in the most popular currencies using the calculator below

About the coin

Bitcoin Interest (“BCI”) is a competitively priced cryptocurrency focused on three key areas: technology, community and savings.
Its blockchain has a new integrated savings technology that allows users to securely store their coins and receive interest payments without ever withdrawing coins from their wallets.

BCI is the first coin to use the ProgPow algorithm.

Interest Payment - Enhanced Proof of Work

The team uses what they call Enhanced Proof of Work to reward their users. How it works?

Every time a miner solves a block on the Bitcoin Interest network, he receives 10.26 BCI coins, at the same time 3.24 BCI are generated from the block and sent to the “interest pool”. At the end of an active weekly or monthly interest round, the pool evenly distributes the coins participating in the current round among all users.

If 5,000 blocks were solved last month, there will be 16,200 BCI coins in the interest pool, which will be distributed to all BCI holders at the end of the monthly interest cycle.

Miners are rewarded for stabilizing the network, and users are rewarded for creating a less volatile market by storing their coins. It's a win-win situation for everyone.

Unlike other interest payment platforms that require you to send them your coins, Bitcoin Interest is the first fully decentralized interest payment platform that will never ask you to send your coins anywhere!

With this advanced interest technology, you can store your coins in your own wallet and receive interest payments directly into your wallet with absolutely no risk to you. You will never have to trust anyone with your coins again!

How to bet on BCI and earn interest?

All you need to do is create an account on my.bitcoininterest.io and then go to the dashboard - Add Address - Enter the amount, period and nickname and click the "Save" button.

This is all! Now you will receive passive income.

How long should I place my bet?

To receive monthly interest, you need to deposit coins into your wallet between the 1st and 3rd of each month.

Example: January 1 - 3

If you want to receive income weekly, then coins must be deposited into your wallet account in the first 24 hours of the starting day.

Example: January 1 (round 1), 8 (round 2), 15 (round 3), 22 (round 4)

For quarterly bets, you have time to deposit coins into your account from the 1st to the 10th of each month or at the beginning of the cycle.

Example: January 1 - 10

To receive annual interest, you must deposit coins into your wallet at any time in January.

Example: January 1 - 31

What happens if you miss a betting period?

If you miss the monthly betting period (1-3), then you have until the 10th to place a bet equal to a 33% penalty on the amount of your bet.

Example: January 4-10 for -33%. For example, if you enter 100 BCI during this time, it will only have a value of ~77 BCI after the late penalty.

For a weekly bet you will have to wait until the next round starts.

Should I send BCI to anyone or anywhere?

No. No one from the Bitcoin community or representatives will ever ask you to send money anywhere. The main advantage of BCI is that you can transfer your coins to any official wallet.

Prospects for the cryptocurrency Bitcoin Interest

Due to the low cost of Bitcoin Interest coins, their mining may not be of much interest to crypto miners. The same can be said about the “deposit program” Bitcoin Interest. But as soon as the price of BCI coins jumps above 10-15 dollars, it will immediately attract the attention of the community. It is difficult to predict when this jump will occur, since generally forecasting the market in the current situation is not a very easy task.

The fact that the Bitcoin Interest cryptocurrency will cost more than $10 is definite; we just have to wait for it.

Team

The development team is completely open access. The team consists of 10 people in total.

Lars Mapstead is the founder of the project.

Aaron Mathis - Head of Development

Nicholas Dooley - business development

Manuel Gonzalez Garcia – Marketing Director

Jeffson Wu - developer

Pekka Larjovuori - developer

Felix Ippolitov – lead developer

Johan Almonte – manager

Kristy-Leigh Minehan – mining advisor

Dmitriy Zyryanov – designer

TOP cryptocurrency exchanges according to reviews in 2019

When compiling a rating, I try to study what beginners and experienced traders say about cryptocurrency exchanges. It is also important to pay attention to the opinions of miners. I would like to note that to form the top, the reviews took into account the period of operation, working languages, daily trading volume, number of currency pairs, user-friendliness of the interface, and reliability. Thus, the Binance exchange became the leader, followed by OKEx, then Yobit, Exmo, Poloniex. And if you want to better discover the yobit cryptocurrency exchange with its advantages, here is a ready-made article.

Exchange Poloniex.com

In 2022, the market did not lose, but only added a few points in its reputation. It is this online resource that accounts for the largest number of transactions with altcoins and Bitcoin itself. The average turnover of funds per day exceeds $990 million.

Instructions Poloniex.com Go to the exchange

Polo, as this cryptocurrency exchange is often called, was a product created by Tristan D'Agosta 4 years ago, and during this time it has only added to its anonymity status. Market users themselves know little (but this is quite enough to conduct trades) about the company:

• She is based in San Francisco;
• Initially, she worked only with clients from the USA, but gradually moved to the global segment;
• Low range of commissions - from 0 to 0.25%, as well as two ways to calculate it - maker (0-0.15%) and taker (0.1-0.25%);
• High security system, if desired, you can go through three-step verification;
• User-friendly interface, high speed.

Exchange Hitbtc.com

Launched in 2013, in order to work fully you need to pass not only registration, but also verification. It’s convenient that there are many ways to deposit and withdraw funds. Transfers in euros are available for EU residents. User-friendly interface, there are auxiliary tools for trading. Informative chart with additional settings. The commission is formed taking into account how quickly the transaction took place after placing the order: if immediately - 0.1%, in all other cases - 0.01%.

In development Go to the exchange

Exchange Binance.com

The popular cryptocurrency exchange binance is one of the five most popular in the crypto market. Centered in Shanghai, the exchange entered the market in April 2022. To increase security, 3-stage verification is provided. The user is offered several interface languages, but let's be honest, Russian is a little “underdeveloped”. The trader is given the opportunity to replenish the deposit with 44 different cryptocurrencies.

Instructions Binance.com Go to the exchange

The most popular pairs for trading are:

• NEO/BTC;
• ETH/BTC;
• GAS/BTC;
• BNB/BTC.

Exchange Kraken.com

As a rule, its work on this cryptocurrency exchange is highly appreciated by traders due to transparency, democratic commission rates and a solid operating period. This market was officially registered as a domain 18 years ago, of course, the crypto direction received a little later in 2011 in San Francisco.

In development Go to the exchange

The main feature of cooperation is the starting commission for traders - 0.2% and decreases depending on the turnover of the transaction. In terms of the number of pairs, it is slightly inferior to Bittrex.com and Poloniex.com, but in terms of the volume of daily funds, it consistently holds the silver palm. Among the disadvantages is that there is no Russian-language interface, because the system only supports English and Japanese. Well, this is a great reason for investors to start learning other languages. Verification consists of 4 stages.

Exchange Bitfinex.com

One of the most liquid exchanges in the world. Has a margin leverage of 3.3x. A customizable interface is provided. Located in Hong Kong. Launched more than 6 years ago. You can work in Chinese, English and Russian. It has mobile platforms for Android and iOS. Unfortunately, access is prohibited for Russian users, but using a VPN you can bypass it. Verification is required for full operation.

Instructions Bitfinex.com Go to the exchange

Exchange Bitmex.com

All records on the stock exchange are maintained in the VTS. You can trade BTC, BTC Cash, Ethereum, Litecoin. The maximum leverage for Bitcoin is 1:100. The commission is paid by the takers, the makers are paid extra by the administration. The exchange is registered in the Seychelles (offshore zone). The interface is clear, informative, and has many recommendations for work. Bitmex offers a Russian version of the site, and the list of currency pairs is small.

In development Go to the exchange

Exchange Bx.in.th

The site was registered in 2013 in Thailand. You can use the service in English and Thai. Among the lesser-known cryptocurrency exchanges that deal with fiat, this one supports the Thai baht. All major transactions are carried out manually and processed by specialists. More than 25 currency pairs are available for trading. The referral program is 15%. Features a high level of security.

In developing

When deciding to invest money in this way, you should read my recommendations and carefully choose an exchange.

Where can you store coins?

You can store coins on the official CORE WALLETS, for operating systems such as:

• Windows
• Linux
• Mac

You can use any of these wallets from the official website.

You can also use ELECTRUM WALLETS for such operating systems as:

• Windows
• Linux
• Mac

This type of wallet, you can also from the official website.

What is Bitcoin Interest cryptocurrency

Bitcoin Interest is a cryptocurrency that emerged as a result of the Bitcoin hard fork, which has a number of distinctive technical and ideological features. Since the beginning of 2022, Bitcoin Interest has begun its ascent in the world of cryptocurrencies, and as its developers note, despite the name, they do not intend to compete with digital gold. To attract attention from users, the Bitcoin Interest team has developed 3 main areas for development - a savings system, improvement of technology and development of its own association.

The official website of the project - www.bitcoininterest.io has a Russian-language interface, so you can easily familiarize yourself with the information provided on it.

How to mine?

Fast start. The following programs are suitable for BCI mining:

Equipment

Best Hardware for BCI Mining:

Video card: Nvidia 10 series and higher

Motherboard: ASRock H81 PRO BTC R2.0

Processor:Intel Celeron G1840 (the cheapest one will do)

RAM: Kingston HyperX Fury 4 GB, 1333 MHz, DDR3

Power supply: for GTX 1070 2x Corsair 750 W, for GTX 1080/1080 Ti 2x Seasonic Prime Ultra Platinum 1000 W

SSD: Silicon Power 120GB SSD

Adapter for two power supplies: ADD2PSU

USB risers: VER 008S, 6 pcs.

Frame

Video cards from Nvidia are best suited for BCI mining: the newer the model, the better the mining. It is also possible to mine BCI on AMD, but the profit will be slightly less than if you mine algorithms tailored for “red cards”.

Read more about Bitcoin Interest mining in our separate article. In it we will talk about all the nuances and subtleties of BCI mining (and also list all the pools, wallets, programs and others).

BCI rate:

Trading on BKEX

Transactions on the BKEX exchange are carried out through the form on the main page. It has the same features as other cryptocurrency exchanges:

Through it you can place a market or limit order, or set a stop loss. There you can make a transfer to another user. The chart has basic functions: it can be scaled, a number of indicators and graphical analysis tools can be added. There is no option to expand the graph to full screen.

BKEX gives you access to the over-the-counter (OTC) market. On it, users can conduct targeted transactions for exchanging cryptocurrency. Connection via API is available to work with third-party software.

Trading with leverage

Exchange clients can trade with a leverage of 1:3. It is implemented through the Leveraged Token [LT] cryptocurrency. For example, when buying ETHBULL_USDT, a long position will be opened on Ethereum [ETH] against USDT of 3 times more than the funds with which the tokens were purchased. A trade with ETHBEAR_USDT opens a triple short position on Ethereum. Similar operations are possible with the 9 largest currencies by capitalization.

Investments on BKEX

The BKEX exchange allows users to freeze cryptocurrency in their account and receive interest for it. Large cryptocurrencies are used for investment; the interest rate ranges from 13 to 20% per annum. Each investment round lasts 14-60 days.

There is also a Demand Deposit function, with which you can leave money on the exchange until demand. The percentage will be lower.

Rating of cryptocurrency exchanges based on the amount of commission charged when trading

When talking about which cryptocurrency exchanges are safe, convenient and best, you should pay attention to the size of trading commissions. This indicator is extremely important for beginners and experienced traders.

Commission on exchanges for transactions

Pay attention to which cryptocurrency exchanges offer withdrawals without verification and what amount, because their number is only decreasing every year. Today you can work with LiveCoin, KuKoin, but not more than $500 per day, EXMO.

How to trade on a cryptocurrency exchange?

First you need to choose the right one. It’s interesting that some cryptocurrency exchanges offer to try working with a demo account, for example, HitBTC. Thanks to the tool, you can understand how operations work. Next, you need to go through verification (for this you are asked to send a scan of documents, confirm your identity by phone), and, as a rule, after verification, limits on profit withdrawal are lifted. Starting to trade is sometimes as difficult as setting up a mining farm. Next, monitor the exchange rate of Bitcoin to fiat or other cryptocurrencies, if you are satisfied, set how much you sell and how much you receive in return. The funds are debited and transferred to the internal exchange wallets, and I recommend immediately withdrawing them to safer ones - a hardware wallet, and how to choose from models in the review on gq-blog.com.

To reduce risk, especially for novice traders, it is worth using assistants, advisors, and terminals. These are special software that allow you to predict the direction of a trade, close a deal in case of a large drawdown, etc.

Analytical tools

If you need to buy different cryptocurrencies, you need to conduct a preliminary analysis. In this case, analytical tools help:

• Charts in the form of Japanese candlesticks or rulers.
• Exchange glass.
• Graphs of daily trading volume for the coin and for the entire site, and many reviews and the work of the cryptocurrency exchange pay attention to this indicator.
• Indicators, for example, based on the moving average principle.

Trading instruments

It’s not enough to know what the rate of a certain cryptocurrency is; it’s practical to use trading terminals to automate trading and make it safer. Terminals can be online or offline. As a rule, the first ones are the exchange’s own development or adaptation to its work. In my article about the poloniex cryptocurrency exchange, I said that the platform was one of the first to introduce TerminalCoin. Standard tools include stop loss and take profit. Some sites have the ability to customize the schedule. To some extent, this is similar to the indicator used in the Forex market for ease of tracking the exchange rate. Do you want to increase your capital, then read the instructions on the blog on how to buy ripple cryptocurrency.

User reviews about BKEX

Users speak well of the exchange; other than the language, there are no special complaints.

@Ashman00:

Good exchange: fast deposits, fast withdrawals, competitive fees. If only they could add the Russian language, it would be great.

@Ismail_I:

It is clear that the site is aimed at Asians, although it is not registered in Asia. The rest is fine, you can work.

@QwerQwe:

Commissions for transactions are lower, but in order to buy coins and store them for a long time, BKEX is one of the best exchanges. But if you live in America, then you won’t be able to trade, although now there are such restrictions everywhere.

@Uliannas6:

The order book and chart do not freeze, you can work. Except that when contacting support there may be problems for those who do not know English. Crypto is withdrawn quickly.

How to choose the right cryptocurrency exchange?

The current list of popular cryptocurrency exchanges is constantly updated and changes under the influence of various factors. Among the things that I consider a priority in my work, the following are highlighted:

• availability of mandatory registration and verification;
• reviews on various resources (about commissions, payment processing speed, security level);
• rating of reputation, reliability, which can be found on bitcointalk or Reddit;
• cash turnover per day;
• number of trading pairs;
• efficiency and competence of the support service.

By following these rules, you can invest profitably in cryptocurrency and minimize risks, and how to do this is in my material on the blog.