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Need help with Bitcoin?

REAL-TIME CONSULTATIONS ON BITCOIN:
HOW TO CREATE A BITCOIN WALLET, HOW TO WORK WITH IT AND OTHER QUESTIONS ABOUT BITCOIN.
IS ANYTHING UNCLEAR? CLICK RIGHT NOW!

Bitcoin Consultants:

09:00 — 15:00
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3 PM — 9PM
jack.dorsey.mmmmyanmar 1 1
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icooldoods 1 1
12 PM — 6 PM
thuzinheine 1 1

 


 

What is Bitcoin and how to participate in MMM using bitcoins?

It's more profitable, faster, and safer to provide help using bitcoins rather than traditional currencies.

Watch the video about Bitcoin's key advantages and find out why it's beneficial to use it while participating in MMM.

 

 

Bitcoin-BONUS

If you transfer money (provide help) via the Bitcoin (not a bank), you will receive a 3% bonus of the transferred amount.

Bitcoin Bonus is not frozen. It is available for withdrawal as soon as the recipient confirms the receipt of funds.

 


 

Bitcoin advantages

Bitcoin is an international electronic currency. This is a new form of money created on the basis of the program code.

Bitcoin is not owned by any state, companies or individuals.

Due to this, Bitcoin has become the world's first decentralized means of payment. Money transfers are made on the peer-to-peer principle — without intermediaries between the sender and the recipient.

Bitcoin advantages:

1. High safety level

No one can block a Bitcoin wallet. Bitcoin does not depend on central banks, local and international laws, religion and other things.

Banks and the government do not control your bitcoins — they are only available to you. The wallet is created anonymously. Cryptocurrency cannot be faked, and payments cannot be cancelled.

2. Cheap transactions anywhere in the world

Transfer fees do not depend on the amount or location. They make up less than US$1 (regardless of the amount). You can transfer money to anyone from anywhere in the world.

3. Convenience

Unlike bank transactions, bitcoin transactions may be carried out on a 24/7 basis. You can decide independently when to transfer money.

4. Instant transfers

Bank transfers take 3–5 working days on average. The speed of transfers via Bitcoin is a few seconds, or, when you are dealing with large amounts of money, — 10–60 minutes.

5. Protection against inflation

National currencies depreciate annually by 1–20 % (sometimes more). Bitcoin is backed by a limited number of units (21 million) and protected against inflation.

Cryptocurrency is becoming more and more popular, since people do not spend money on fees and instantly exchange money. In the future, the world national currencies will be merged in a single digital Bitcoin currency! MMM and Bitcoin have a similar vision: they strive to overthrow social inequality, free people from the banks’ oppression and make the world a more just place.

 


 

If you're new to Bitcoins you can find out how to create a Bitcoin account and how to buy and sell Bitcoins from this handy guide.

Localbitcoins

How to buy bitcoins on Localbitcoins

How to send bitcoins on Localbitcoins

How to sell bitcoins on Localbitcoins.com?

Blockchain.info

How to create a bitcoin wallet with Blockchain.info?

How to transfer Bitcoins to receiver at Blockchain.info?

Voda Exchange

How to register at VodaExchange

How to buy bitcoins at Voda exchange

How to sell bitcoins at Voda Exchange?

How to spend bitcoins

How to spend bitcoins in Myanmar

For Thailand residents:
Bx.in.th

How to register at bx.in.th?

How to buy bitcoins

How to send bitcoins

How to sell bitcoins

Coins.co.th

How to create bitcoin wallet

How to buy bitcoins

How to send bitcoins

How to sell bitcoins

 


 

What is bitcoin?

 


 

CONTENTS

  • Cryptocurrencies in real life
  • How does bitcoin work?
  • Who created bitcoin?
  • Who prints bitcoins?
  • ​ What is bitcoin's backing?
  • ​ Decentralization and availability
  • ​ Anonymous payment opportunities
  • ​ Complete payment transparency
  • ​ Near-zero fees
  • ​ Speed of transfer
  • ​ Irrevocable transactions
  • ​ No network control
  • ​ Unequalled security
  • ​ Network support award
  • ​ Ease of use
  • ​ Free choice of participation level
  • ​ As a new user, you can start using bitcoin even if you don't know all technical details.
  • ​ Just a few words about politics

 

Bitcoin is a decentralized digital currency created and operating in the Internet only. No one controls it; the currency is issued through operation of millions of PC's all around the world using a math algorithm calculation software. This is exactly what bitcoin is about.

What is bitcoin?

The word “Bitcoin” in the English language has been formed by joining “bit” (minimum data unit) and “coin” (a metal coin used as money). The most widespread abbreviation of Bitcoin — BTC — is usually used in exchange trading and financial articles.

This is the first and the most well-known cryptocurrency of all, a symbol and flagship of the cryptocurrency world, and a currency unit of the same name that circulates within the system.

Cryptocurrencies in real life

In the English language, cryptocurrency is a virtual currency protected by cryptographic methods. Cryptocurrency is, above all, a fast and reliable system of payment and cash transfers based on the most advanced technologies and independent of any government.

Initially, bitcoin was only relevant for mathematicians, cryptographers and people passionate about computer and network technologies. Bitcoin was then just a proof of the ability of electronic money to exist with no guaranteed backing. It could rather be seen as an electronic equivalent of gold — just like gold, bitcoin is hard to mine, its amount is limited, and mining it requires more and more effort over time. In the fall of 2009, BTC 1 could already be bought for 0.8 cents. It was the start of exchange trading that has seen many ups and downs, high-profile bankruptcies and successful projects. Bitcoin transactions were initially rare and infrequent. The first and most famous transaction involved buying two pizzas for BTC 10,000 — it happened in May 2010 (it equaled $ 25 at the time). Since then the exchange rate has gone over $ 1,000 and back down to $ 150, but that's another story to tell…

 

 

Bitcoin exchange rate chart

At the early stage of Bitcoin development, it was made popular by the Japanese exchange, MtGox, and the illegal online market, Silk Road. Now, Bitcoin is independent of any exchange or pool, while illegal activities with cryptocurrencies are now dealt with by law enforcement, just like any other financial crime.

Today, Bitcoin is a modern digital currency that is ideal for payments on the Internet. More and more stores accept Bitcoin as one of payment options. Ease and convenience of bitcoin account creation attract more and more people from emerging economies to this currency. In many states of Asia and Africa, the Bitcoin network is a replacement for expensive and hard-to-access banking services. Developed countries actively use POS terminals for bitcoin payments in stores, ATM's for cryptocurrencies, hardware wallets for Bitcoin. There's been a real boom of startups that use Bitcoin. As it turns out, the block chain technology is also good for distributed storage of data on various assets, not only financial transactions. Several thousand other cryptocurrencies have been created, based on Bitcoin or from scratch.

More interesting videos about Bitcoin:
https://www.youtube.com/watch?v=2QLYkkSLUu0
https://www.youtube.com/watch?v=gKGgrvTZ80Y

How does bitcoin work?

Read on to learn how cryptocurrency, with Bitcoin as an example, works.

What is the most important feature of Bitcoin in economic terms? It's a digital commodity of limited supply; its algorithm is specifically designed to only allow 21 mln units max in the system, each of them also known as a bitcoin. The issue timetable is defined in the code and predefined. After the last coins have been generated, the number of units stop changing. The Bitcoin economy is based on a deflation model that raises fear among many economists. However, these fears have no practical basis.

In reality, this relatively small number of coins is quite sufficient for everyday payments as 1 bitcoin is divided into 100,000,000 units, or “satoshis”, named after the system's founder. Sometimes, millibitcoin (mBTC, one thousandth) and microbitcoin (uBTC, one millionth) are also used.

 

 

Bitcoin issue timetable

You can also use bitcoin to buy anything online, just like you do with dollars, euros or rubles, and bitcoin is traded in the exchange market like these currencies. But the most important difference between bitcoin and all other forms of money is the decentralization. Bitcoin is beyond control of any authority in the world. Some are baffled by this fact as it means that no bank can control your money.

Who created bitcoin?

Bitcoin started from a concept — a document published on 31 October 2008 by a mysterious person going under a nickname of Satoshi Nakamoto. Despite numerous journalistic investigations, no one knows who the real developer of bitcoin is or whether it's a person or a group of people. On 3 January 2009, this concept was implemented in code in real life. 06:45 PM GMT, 03 January 2009 is the moment the first block in the system — the so-called genesis block — was generated. This day is celebrated as the Bitcoin birthday by the community all over the world.

The developer of the software who named himself Satoshi Nakamoto proposed an electronic payment system based on mathematical calculations. The idea is exchanging coin with no central authority in place, electronically, more or less instantaneously, at minimum cost.

Who prints bitcoins?

NO ONE. This currency is not printed by a central bank and does not follow the rules. Banks may print any amount of money to cover a state debt, thus depreciating their own currency.

In contrast, bitcoins can only be issued digitally, and anyone can start producing or, as they say, mining bitcoins at any time. Bitcoin mining is performed by using computational capabilities of a computer in a distributed network. When bitcoins are transferred, the transaction is processed in the same network, thus turning bitcoin into an independent digital payment system.

 

 

Bitcoin mining complexity chart

Can a billion bitcoins be mined?

No. The Bitcoin code contains a limit that set the maximum number of mined bitcoins at 21 million. However, bitcoin can be endlessly divided into smaller units — it's a digital currency after all! 1 satoshi is BTC 0.00000001 (name after the system founder)

What is bitcoin's backing?

National currencies used to be backed by gold or silver; now they are backed by GDP. Theoretically, you could walk into any bank in your country and exchange your paper money for its gold equivalent, or vice versa. Bitcoin is not backed by anything; it's pure mathematics.

Any person from anywhere on the globe may run the bitcoin mining script from their computer and feel like a central bank in miniature. The source code of the script is openly published, and anyone may see how it works.

Differences between bitcoins and conventional electronic currencies

Below is a list of features that make bitcoin stand out among electronic and paper currencies:

  • Decentralization and availability
    The Bitcoin network is a combination of all client programs (wallets) and a distributed database, or block chain that is stored on each computer with a full client installed. The block chain is a fully open register of all transactions in the system. Anyone may connect to this register via their personal wallet or a web-interface of special monitoring services from anywhere in the world, with no passwords or any other authorization requirements. There is no central body that would control the network which is distributed among all members, with each computer mining bitcoins being a part of the system. It means that no central body is in a position to dictate rules to bitcoin owners as happened, for instance, in early 2013 in Cyprus. Even if a part of the system goes offline, the payment system will remain sustainable.
  • Anonymous payment opportunities
    Bitcoin is a convenient and optionally anonymous method of payment where an address (account number in the system) is not related to its owner and requires no ID to be created. It's a string of about 34 Latin alpha-numeric characters long in various registers. For instance, an address might look as follows: 1BQ9qza7fn9snSCyJQB3ZcN46biBtkt4ee. It may be converted into a QR-code or any other 2D code to facilitate payment, or it may be transferred in its initial form. Yes, that's right. It's totally anonymous and absolutely transparent at the same time. You can create an infinite number of bitcoin addresses with no reference to your name, address or any other data.
  • Complete payment transparency
    The history of any payment may (theoretically) be traced down to the moment of coin generation, and this payment will never be removed from the database. Knowing a Bitcoin address only, you may view all transactions accepted by this address or submitted from it at any time. The Bitcoin network stores the entire history of transactions that have ever taken place; it's called a series of blocks or block chain. A block chain is a public shared register that represents a basis of the entire Bitcoin network. All confirmed transactions are included in the block chain. Based on this information, bitcoin wallets may calculate your balance and verify that bitcoin owners actually spend bitcoins in new transactions. The integrity and chronological sequence of a block chain are based on secure cryptography. The block chain knows it all. Therefore, if you have a publicly used bitcoin address, anyone may see how many bitcoins you own; however, if you do not specify it's your address, no one will ever know it belongs to you. To ensure complete anonymity, one Bitcoin address is generally used for a single transaction.
  • Near-zero fees Your bank may charge you a $ 50 fee for an international funds transfer in cold blood. Bitcoin will never do that. There are small fees that are totally insignificant and do not depend on the transfer amount.
  • Speed of transfer
    You can transfer money to anyone anywhere; it will be delivered in a matter of minutes after the Bitcoin network processes the payment.
  • Irrevocable transactions
    After bitcoin is transferred to the recipient, it's impossible to get it back. Unless the recipient is willing to do it themselves.
  • No network control
    Since a block chain is a distributed database based on peers, the Bitcoin network has no controlling central body that can suspend an account, change the amount of currency units in the system, lock or cancel a payment. Transactions within the system are irrevocable, just like transactions with cash
  • Unequalled security
    Each new block adds to the requirements to computational capabilities miners need to calculate the block chain from zero; the longer the chain, the harder it is to hack the network. Today, Bitcoin is a decentralized computational network that has a performance 8 times higher (in terms of SHA-256 hash calculation rate) than the total performance if all super-computers in the world. To capture control over it, even partially, vast resources and hundred-million-dollar expenses are required.
  • Network support award
    New bitcoins are issued as an award for those who perform computation providing for transaction transfer. Computation has been dubbed mining, from the English word “mining” meaning extraction of minerals. Those who engage in computation activities are called miners. Their task is writing all transactions that took place from the moment the last block was issued (10 minutes on average) into a single block and “seal” it with a complex cryptographic signature. The next block is calculated based on the signature of the preceding block that ensures irrevocability of transactions and prevents counterfeit currency units from getting into the system. This way, the blocks are connected together, forming a block chain. These rules prevent making changes to the previous block as this would invalidate all subsequent blocks. Additionally, mining creates a lottery-like process where no user can simply add blocks into the chain. Thus, no one can control the block chain or replace its parts to roll back their transactions.
  • Ease of use
    You would have to go through seven levels of hell to open an account for a company in a bank; you might also be banished with no explanation. It's not a problem in the Bitcoin network — you'll need 5 minutes to create a bitcoin wallet and start using it. No questions, no fees.
  • Free choice of participation level
    You can install an official Bitcoin Core client that stores the entire history of transactions. If you do not need offline operation and block chain analysis features, you can install one of the lite or mobile wallets that require a lot less resources. If you only intend to pay for small purchases while travelling or to just try out the technology, a mobile or online wallet would be enough. Maximum safety is ensured by hardware wallets with additional protection.

As a new user, you can start using bitcoin even if you don't know all technical details. As soon as you install a bitcoin wallet on your computer or mobile phone, it will generate your first bitcoin address; in the future you will be able to create as many addresses as you want. You can communicate your addresses to your friends who will be able to make payments to you or vice versa. In reality, it's very much like e-mail, except that a bitcoin address must only be used once.

A transaction is a transfer of funds between bitcoin wallets to be included in a block chain. Bitcoin wallets contain confidential information, the so-called secret code, that is used to sign transactions and provide a mathematical proof of the transaction having been approved by the wallet owner. This signature also prevents making changes to the transaction after it is submitted to the network. All transactions are broadcast to all users and confirmed by the network via mining, generally within 10 minutes.

Different states have very different attitudes towards cryptocurrencies. Some clearly encourage their use — in Australia, Germany, the Netherlands, New Zealand, Singapore, some US state, various offshore countries; others impose serious constraints that could be transformed into a total ban — in Indonesia, China, Russia, Ukraine. Total bans have so far been imposed by the hot Latin Americans in Bolivia and Ecuador.

Many governments have chosen to monitor the situation with careful optimism — most countries of the European Union, Great Britain and Switzerland, the US federal government, Canada, Japan and countries of South and East Asia. Most developed countries are adapting their financial legislation to be able to regulate cryptocurrencies and are about to resolve this issue.

 


 

Legality of Bitcoin

 


 

Bitcoins are legal if used for legal purposes. If you do not commit unlawful acts, your operations with Bitcoins cannot be suspicious.

The unique nature of Bitcoin does not allow the law to consider it as money. Also Bitcoin cannot be deemed as a product or service. The question of the legal regulation is still in its infancy, and governments of different countries look at each other carefully, hoping that one of them will prompt how, eventually, to treat the cryptocurrency.

As a whole, in relation to Bitcoin the countries can be divided into 3 camps:

  1. The countries which understand that Bitcoin is a new and perspective technology which can bring many positive things.
  2. The countries which have no common ground, and they have been studying Bitcoin so far -- without accepting it officially, or rejecting it.
  3. Totalitarian states which are, literally, afraid of Bitcoin, as they got used to exercise full control over whole financial flow of funds.

Thus there is a question: can Bitcoin be prohibited or closed down?

Theoretically, such conditions can be created in which it will be very ifficult to use it, however, in real life it is practically impossible. Bitcoin is not owned by anybody, that is why there is no one to put pressure on that Bitcoin be closed down. Each user is a full-fledged part of a network, while there are millions of such users, and all of them are from different countries.

The only leverage on Bitcoin are exchange markets that convert fiat money to the cryptocurrency. In theory the government can deny banks to deal with such exchanges, but in practice there are many ways to circumvent the bun.

 


 

How to add a Bitcoin Account in your Personal Office

 


 


 

 

Log in to the MMM Personal Office https://mmmoffice.com
Press the Accounts button

 


 

 

Press “Add”

 


 

 

Fill in the bank details as specified on the picture:
BitCoin

  1. Create the Account name, ex.“My Bitcoin Account” and write it to the first field
  2. In the “Bank Identifier Code” field write “BTC”
  3. The word “BitCoin” will automatically appear in the “Bank Name” field
  4. In “Beneficiary Name” write your first and last name
  5. In “Account Number” write your BTC wallet number
  6. Press “Save”

 


 

 

Your new account will appear in “Accounts”

 


 

How to Provide Help with Bitcoin?

 


 

 

You can “buy” Mavro by Providing Help (transferring money) to another participant:

  1. Click "Provide Help" on the dashboard in your Personal Office.
  2. Read WARNING about risks related to the participation in the system.
  3. Tick the box.
  4. Click on "Next" button.

 


 

 

  1. Choose a way to transfer funds:
    1. Bitcoin network (via BTC)
    2. Local bank institution (via ZAR)
  2. Click on "Next" button.

 


 

 

  1. Enter an amount you want to contribute.
  2. Click on "Select" button.

The maximum amount of a contribution is limited to USD 10,000 R167 600 (Dependant on current USD - ZAR exchange rate) per participant. This amount includes previously contributed amounts together with interests, which will start to be accrued on a day of creating a request for providing help.

 


 

 

  1. Enter amount for each type of “deposits” (if applicable).
  2. Check the box if you want to get a registration bonus. (Available only if it is your first request for Providing Help)
  3. Click on "Next" button.

 


 

 

In the appeared window carefully check all details of your request.

  1. Enter characters from the image.
  2. Click on “Next” button.

 


 

 

After successful completion of all steps above, you will see a notification that your request has been added. Click on “Ok”.

 


 

 

  1. The created request will be in queue to be processed by a dispatcher (automatic program).
  2. In a short time there will be an Order appearing on your dashboard that you need to complete (to transfer your funds). You may receive one order or several orders for amount of your request for “Providing Help”. If you choose Bitcoins (not option “Other Bank”), you must transfer the exact amount in Bitcoins (not the amount in ZAR).

 


 

 

Each order includes the following information:

  1. Period of time remained to complete transfer.
  2. Transfer amount.

 


 

 

When you press the area of the Order (or on “Details” in the lower right corner of it) you will see:

  1. Transfer amount.
  2. Details of a recipient's account for transfer
  3. Recipient's phone number to contact in case of difficulties with transfer. Your contact number as Sender.
  4. If you chose Bitcoins in your request, in your Order you will find instructions how to transfer Bitcoins.

 


 

 

You should make every transfers on time. In case of difficulties with a transfer, a recipient and a sender can get in touch with each other via chat (if a phone of one of the participants is not available for some reasons).

  1. Press “Messages” in the upper right corner of an Order.
  2. In the opened window type your message.
  3. Your can add a file if necessary.
  4. Click on “Send”.

 


 

 

After you have transferred money, you must show a recipient that the transfer was completed. He will be able to confirm receiving of your funds after you send a transfer evidence.

How to send an evidence of transfer:

  1. Click on the blue button with the triangle inside.
  2. Click on link “I completed this payment”

 


 

 

In the appeared menu, you should attach a screenshot or photo of completed payment transaction.

You can make a screenshot:

— with PrtScr button (next to F12 button of your keyboard). Press PrtScr. After that an image of your screen will be sent to the clipboard. Open the program for processing images (the simplest one is Paint). Select “Paste” in the program menu or Ctrl+V. Save the image on your computer.

— with a specialized software (LightShot etc.)

  1. Click on the button "Browse File" to attach a photo or a screenshot.
  2. Write a comment if you want.

 


 

 

Click on “Next” button.

 


 

 

 

After that Order’s icon become half green.

Once your recipient confirmed the receiving of funds, the icon will become fully green. And your Mavros will become confirmed.

 


 

 

If the transfer has not been made timely, or you refused to do a transfer without a valuable reason, your account will be blocked automatically. You will be notified about it in Personal Office.

In blocked mode the only available operation in Personal Office is contact to the Support Team.

 


 

 

After creation of a Request for Providing Help, check your Personal Office and email daily. So you will be aware about new orders for transfer and could prevent your account blocking for any possible reason.

For example. If you can not complete an order for any circumstances, make sure to write your reason to the Support Team:

  1. Click on blue button.
  2. Click on “I refuse to make money transfer”.

 


 

How to Get Help (“sell” Mavro)?

 


 

 


 

 

In order to Get Help (“sell” Mavro) click on the appropriate button ("Get Help") on the dashboard of your Personal Office.

 


 

 

  1. Select already registered account to Get Help (if you want to add a new one better use Accounts menu).
  2. Click on "Next" button.

 


 

 

Choose one of your existing accounts and click on "Next" button.

 


 

 

In the opened window you can see:

  1. — maximum amount of Mavros available to withdraw.
  2. — a leftover, as withdraw amount has to be multiple 100.
  3. — total amount for current withdraw.

Take follow steps:

  1. Click on “all” to withdraw maximum amount of specific mavro-account.
  2. Enter any amount less than maximum amount of specific mavro-account.
  3. Click on “Next” button.

 


 

 

Check your amount for withdraw and click on "Next".

 


 

 

Created Request for Receiving Help appears on your desktop in Personal Office.

 


 

 

If you click on active Getting Help Request, a popup window will open where you can verify details once again. In the Getting Help Request you can also see the amount of Mavro for sell.

 


 

 

After creating your Getting Help Request you should wait for orders to be displayed on your dashboard. You will be able to see information about participant(s) who will transfer funds.

 


 

 

Appeared orders on your Dashboard will be of yellow color. After a sender confirmed that funds had been transferred, make sure to check your account. You should confirm a receipt of funds only when you see them in your account.

When a sender confirmed sending funds but you did nothing with an order, after some time the order’s icon will become yellow with a question mark.

When you click on this icon there will be two options:

  1. confirm the receipt of funds
  2. inform that the funds are not received.

 


 

 

If the funds are not received, after an investigation of Security Department this icon will become red with a cross.

It means that the order wasn’t completed. Such icon will appear if a sender didn’t confirm timely that the funds were sent.

In case of described situations the dispatcher will create another order for you with another participant to send his/her help to you.

 


 

 

Confirm orders only after making sure that the funds were received on your bank account or bitcoin wallet!

If funds are received and you confirmed receipt of funds, then this icon will turn green. It means that help has been successfully provided!

 


 

 

Keep in mind that you can extend the period of payment for 24 hours, if necessary. If a sender is not able to meet a standard requirement for 72 hours for banks or 36 hours for bitcoins, you can give him additional time to complete this order. In order to do that:

  1. Сlick on the icon.
  2. Click on 24 hours extension.

Always report to the Support Team if you notice any unusual activity. FAQ: How to get in touch with the Support Team?

 


 

How to check if transaction was successful?

 


 

 

Step 1: look at an order status in your Personal Office. After a participant receives funds, he will confirm the transaction.

 


 

 

Step 2: Bitcoin transactions will appear almost immediately in your transaction history.
As soon as the transaction is completed, you will see “Unconfirmed transaction” in your transaction history, which means your transaction has not been confirmed yet.

 


 

Although Bitcoins were sent, your transaction has not yet been processed and can be cancelled.

Your transaction is considered completed when it has got 3 confirmations. It usually takes about 30 minutes, but the period length may change. Your transaction, till then, will have been displayed as pending (Unconfirmed transaction).

30 minutes is the average time to get confirmation. Generally, getting confirmed may take more or less than half an hour.

Confirmation is a form of reaching agreement about who and how many Bitcoins possesses.

As soon as confirmation is available, everyone agrees that you fully own now the Bitcoins you received, and they are at your disposal.

Until the moment your transaction gets confirmed, some network hosts check if the system is not deceived in any way. The more confirmations you receive the less the chance of its cancellation.

Only 6 confirmations or 1 hour (if based on time) will suffice to make the transaction cancellation almost impossible.

It is considerably better than using credit cards where the return of funds can be carried out even 3 months after the transfer!

 


 

How to check your transactions?

 

 

Follow the link:
https://blockchain.info/wallet/#/login

Enter your login and password

 


 

 

Click on “TRANSACTIONS”

 


 

 

Choose the transaction and click
If the transaction is not confirmed, there will be written “Pending: 0/3 confirmations”

 


 

 

If the transaction is confirmed, you will see “Transaction Confirmed”

As soon as the transaction is confirmed, you can use the Bitcoins you received at your discretion.

 


 

How does Bitcoin transaction work?

 


 

Bitcoin system’s transactions are conducted between wallets which have digital signature. Each online transaction is public, and every participant may not only view its sender’s and recipient’s data in a public block chain, but also to trace the whole history of transactions, which were made prior to it — down to the inception of the first cryptocurrency.

In order to understand what a transaction is, have a look at the example below.

Diego sends Marco some Bitcoins. This activity is a transaction itself which will contain three types of data:

  • Input — a signature evidencing which address Bitcoins came to Diego from (let’s assume he has received them from Pedro);
  • Amount — the number of Bitcoins which Duiego sends Marco;
  • Output — Marco’s Bitcoin address.

To send anyone Bitcoins, you need two things: a Bitcoin address and a privacy key. The privacy key is a sequence of letters and digits, but unlike your Bitcoin address it is kept secret.

Your Bitcoin address is like a transparent deposit box. Anyone can look inside, see what there is, however, only that can open and take the content who has a privacy key.

Getting back to Diego and Marco, when Diego wants to send some digital coins to Marco, then, using the privacy key, he signs a transfer “request” where, as indicated above, three types of data are provided: the Bitcoin address, from which Bitcoins came to Diego, the amount and recipient’s address.

After that, he sends this “request” from his Bitcoin wallet to the Bitcoin network, where it is found by miners who then confirm a new online transaction by adding it into the transaction block, which, eventually, leads to increasing the balance of Marco’s Bitcoin address.

 


 

How to buy bitcoins on Localbitcoins

 


 

 

https://localbitcoins.com

Here bitcoin buyers and sellers meet online. You do not need to make KYC (Know-Your-Customer) procedures. KYC is a normal requirement of exchange services. Be careful and only buy from traders with positive reviews.

  1. Click on “Sign up free” on the top menu
  2. Fill in your personal details
  1. Enter a username (no spaces allowed in username).
  2. Enter an e-mail.
  3. Indicate password.
  4. Duplicate your password.
  5. Tick a box.
  6. Click “Register”.

 


 

 

After you clicked “Register”, you need to check your emailbox. You will receive a letter with title “[localbitcoins.com] Confirm your email to complete your registration”.

Open the letter and click on the link.

 


 

 

After you confirmed your email, follow the next steps:

  1. Click on “Buy bitcoins” on the top of your page.
  2. Choose your country from the list
  3. Choose a preferred way of buying (we recommend National bank transfer)
  4. Click ”Search”

 


 

Then choose the preferred Seller from the list provided and click “Buy”. Pay attention that chosen payment method is convenient to you.

 


 

 

  1. Enter the amount of BTC you wish to buy.
  2. Enter your receiving transfer online contact details in the message box and other details for the buyer to see.
  3. Click on “Send Trade Request” button. (Be sure you're ready to pay when clicking the button, if you don't pay before the payment window is over, the trade will be automatically cancelled.)

Once you have made the payment, click the “Mark payment complete” button. Once the trader has verified that your payment has been received your Bitcoin will be released from escrow and they are instantly availalbe in your LocalBitcoins wallet.

Done!

 


 

How to send bitcoins on Localbitcoins

 


 

 

To send bitcoins to another person click on “Wallet” in the upper right corner.

 


 

 

  1. Enter the bitcoin wallet where you send bitcoins
  2. Enter the amount of bitcoins you want to send
  3. Here you’ll see the corresponding amount in your currency
  4. Click “Continue”

Your bitcoins have been sent.

Below you can see your transactions history.

 


 

How to sell bitcoins on Localbitcoins.com?

 


 

 

You can sell your Bitcoins on the localbitcoins.com website, if you have them in your localbitcoins.com wallet. In order to send bitcoins from your Bitcoin wallet to another please check the above description called “How to send Bitcoins”.

The localbitcoin address can be found by clicking on the “Wallet” button, under the “Receive bitcoins” sign.

 


 

 

After you made sure to have the required amount of bitcoins in your wallet, follow the next steps:

  1. Click on “Sell bitcoins” on the top of your page.
  2. Choose your country from the list
  3. Choose National bank transfer
  4. Click ”Search”
  5. Choose the preferred Buyer from the list provided and click “Sell”.

When the buyer makes the payment and clicks on “Mark payment complete” button, the required amount of bitcoins will permanently be reserved in the escrow. From that point, the deal can no longer be automatically cancelled.

 


 

 

  1. Enter the amount of BTC you wish to sell.
  2. Enter your receiving transfer online contact details in the message box and other details for the buyer to see.
  3. Click on “Send Trade Request” button.

When the buyer makes the payment and clicks on “Mark payment complete” button, the required amount of bitcoins will permanently be reserved in the escrow. From that point, the deal can no longer be automatically cancelled.

After you confirm the payment that has arrived on your account, you will need to release the bitcoins.

Done!

 


 

How to create a bitcoin wallet with Blockchain.info?

 


 

 

It’s very easy and simple to create and use wallets on BlockChain.info:

Follow the link https://blockchain.info/en/

  1. Click on “Wallet” button
  2. Click on “Create a new wallet” button

 


 

 

  1. Enter e-mail.
  2. Enter password.
  3. Confirm the password.
  4. Click on “Continue” button.

 


 

 

Write down, make a screenshot or print the mnemonic password (in the red square on the screenshot). It will help you to recover your password if you forget it!

Click on “Continue” button.

 


 

 

  1. Enter your password.
  2. Click on “Open Wallet” button.

(Don’t forget to put down your identifier)

 


 

 

This is your Bitcoin Address (Bitcoin wallet).

 


 

How to transfer Bitcoins to receiver at Blockchain.info?

 


 

 

Login in your blockchain wallet.

  1. Click on “Send Money” button.
  2. Enter Bitcoin address of receiver.
  3. Enter amount of Bitcoins.
  4. Click on “Send Payment” button.

 


 

 

Done!

Now you can see your transactions here:

 


 

How to register at VodaExchange?

 


 

 

Follow the link https://www.vodaexchange.com/

In the upper menu click “Register”

 


 

 

Fill in the registration form:

  1. Enter your Email
  2. Create Password
  3. Retype password
  4. Enter your name
  5. Enter your phone
  6. Enter your address
  7. Enter the code from the picture
  8. Click ”Save”

 

 

Click “Login”

 


 

 

  1. Enter your email
  2. Enter your password
  3. Click “Log in”

 


 

How to buy bitcoins at Voda exchange

 


 

 

To buy or sell bitcoins you need to have a MyanPay account. If you have one, proceed to next step.

If you do not have a MyanPay account, go to https://www.myanpay.com.mm/ and click “Create MyanPay account”

 


 

 

Click “Create Personal Account”

 


 

 

Fill in the registration form:

  1. Enter your preferred username
  2. Create Password
  3. Retype password
  4. Enter your email
  5. Choose the security question
  6. Enter the answer for this question
  7. Enter the code from the picture
  8. Tick the box “I agree with Terms of use”
  9. Click ”Sigh up”

 


 

 

Then you need to add funds to your Myanpay account.

Click “My account” - “Add funds”.

And choose the most appropriate variant for you from the list bellow.

Then follow the instructions

 


 

 

Once you have added funds to your Myanpay account, go back to Voda exchange.

Choose “Exchange” tab.

 


 

 

  1. Choose “Myanpay”
  2. Choose Bitcoin
  3. Enter the amount of Kyats you want to give OR
  4. Enter the amount of Bitcoins you want to receive
  5. Enter your bitcoin address (you should create it befoehand at localbitcoins.com or blockchain.info)
  6. Enter your email
  7. Enter your phone number
  8. You can write a message but it is not mandatory
  9. Click “Checkout”

 


 

 

  1. Enter your username at MyanPay
  2. Enter your Password at MyanPay
  3. Click “Login”

 


 

 

Check your order.

You’ll receive an email with verification code from MyanPay. Open it and copy the code.

  1. Then enter it to the specified field
  2. Click “Continue”

 


 

 

Click “Pay now”

If you have enough funds on MyanPay account you order will be fullfilled and you’ll receive bitcoins on your bitcoin wallet

 


 

How to sell bitcoins at Voda Exchange?

 


 

 

Choose “Exchange” tab.

 


 

 

  1. Choose “Bitcoin”
  2. Choose “Myanpay”
  3. Enter the amount of bitcoins you want to give OR
  4. Enter the amount of kyats you want to receive
  5. Enter your Myanpay account
  6. Enter your email
  7. Enter your phone number
  8. You can write a message but it is not mandatory
  9. Click “Checkout”

 

 

Check your order.

In the middle of the page you see the bitcoin address.

Click “Copy this address”/

Then go to your bitcoin wallet (on localbitcoins, blockchain.info or other) and send bitcoins to this address.

You’ll receive kyats to your Myanpay account

 


 

How to spend bitcoins in Myanmar?

 


 

If you have bitcoins in your bitcoin wallet you can pay for different services and goods in bitcoins without selling them.

 


 

 

You can pay for your mobile phone with bitcoins at https://en.bitrefill.com/myanmar/

Follow the link https://en.bitrefill.com/myanmar/ scroll down and choose your operator from the list


 

How to register at bx.in.th?

 


 

 

Go to https://bx.in.th/

In the Upper right corner press “Register”

 


 

 

Fill in all the necessary fields:

  1. Name
  2. Last name
  3. Email
  4. Username
  5. Tick “I’m not a robot”
  6. Tick “I Agree to the terms of service”
  7. Click “Register”

 


 

 

You have successfully registered.

Your password will be emailed to you.

 


 

 

Go to your inbox, find the letter from bx.in.th and copy the password.

Then go to bx.in.th site and enter your Login and Password.

 


 

 

To get access to the national (Fiat) currency you should verify your account.

Go to “My funds” - “Withdraw” and start account verification.

 


 

 

Fill in all the fields in the form and click “Submit”.

Verification process may take several days.

When your account is verified you’ll receive an email confirmation.

And then you’ll be able to buy bitcoins.

 


 

 

First you need to Deposit THB at your account.

Go to “My Funds” - “Deposit” in Menu

  • Choose the bank that is convenient for you
  • Enter the amount of THB you want to spend
  • Press “Create Deposit”

 


 

 

Then you will see

  • your order
  • Bank details where you should send THB

 


 

 

Make a bank transfer to the specified bank accoun

Then make a photo of your transaction (photo of the receipt or screenshot of bank transfer) and upload it.

The receipt image should be as clear and easily readable as possible

Select the type of transfer.

Selecting the incorrect method will result in a delay to your deposit.

Press “Payment completed”

 


 

 

Then amount of THB will appear in “My funds” - “Balances”/

Now you are able to buy bitcoins.

 


 

How to buy bitcoins at bx.in.th?

 


 

 

To buy bitcoins:

  1. Choose “Trading” in Menu
  2. Click “Buy order”
  3. Enter the amount of THB you want to sell
  4. In this field you can see how many BTC you’ll receive
  5. Click on “Create order”

 


 

 

If all the data is correct press “Confirm order”

 


 

How to transfer bitcoins to recepient at bx.in.th?

 


 

 

Go to “My Funds” - “Withdrawal”.

In the left menu choose “Bitcoin”.

Enter the Amount of BTC you want to send to another person.

Enter bitcoin address of the recepient.

Click “Withdraw”.

Your bitcoins will be sent to another person.

 


 

How to sell bitcoins at bx.in.th

 


 

 

To sell Bitcoins:

  1. Choose “Trading” in Menu
  2. Click “Sell order”
  3. Enter the amount of BTC you want to sell
  4. In this field you can see how many THB you’ll receive
  5. Click on “Create order”

 


 

 

If all the data is correct press “Confirm order”

 


 

 

Now you have THB in your bx.in.th account and you can withdraw them to a bank account.

  1. Go to “My Funds” - “Withdraw”
  2. Enter amount of THB you want to withdraw
  3. Select a bank
  4. Enter account number
  5. Enter account name in bx.in.th
  6. Click “Withdraw”

 


 

How to create bitcoin wallet at https://coins.co.th?

 


 

 

It’s very easy and simple to create and use wallets on Coins.co.th:

Follow the link https://coins.co.th/

  1. Enter your email
  2. Create your password
  3. Click on “Get started”

 


 

 

You will receive a letter from Coins

Follow the link [email protected] with the confirmation code and link.

To confirm your email address you can:

A. Click on the button “Confirm my email address”

OR

B. Copy the verification code and paste in on the registration page.

 


 

 

If you choose to copy the code,

  1. Paste it in the specified field on the registration page
  2. Click “Verify”

If you choose to click on the button from the letter, you will be redirected directly to your wallet.

 


 

 

After email verification you should verify your telephone number.

You’ll see the pop-up window where you should

  1. Enter your phone number
  2. Click “Send code”

Then you’ll receive an sms with code to your mobile phone and enter it in the specified field on the site.

 


 

 

Then you need to verify your identity. It is mandatory because of law regulations.

Without verification you can not send or receive bitcoins.

To do it

  1. Click on your profile at the top right corner of the screen
  2. Choose “Limits &Verifications”

 


 

You can read Instructions about bitcoins here http://support.coins.co.th/hc/en-us/

 


 

 

Here you can see that you are on the 1st level of verification and you need to verify your identity and address.

On the level 4 you will have maximum cash-in and cash-out limit - 10 BTC (It is about 200,000 THB)

 


 

 

Click on “Verify now” under Identity Verification and start it.

You can read Instrctions about verification here http://support.coins.co.th/hc/en-us/articles/207296316

 


 

 

Read the text and click “Continue”

 


 

 

Fill in all the required fields:

  1. First name
  2. Last name
  3. Middle name if any
  4. Choose your gender
  5. Choose your birth place
  6. Birth date
  7. Nationality
  8. Click “Next”

 


 

 

  1. Choose your source of income
  2. Write your occupation
  3. Click “Next”

 


 

 

Fill in your current address information:

  1. House#/ Building/ Street
  2. City
  3. State / Province
  4. Country
  5. Post Code
  6. Tick the box if necessary
  7. Click “Next”

 


 

 

Fill in the fields and upload your ID card

  1. Select your ID type
  2. Write the ID number
  3. Write your document expiration date if any. If no, tick the box
  4. Upload front ID image
  5. Upload back ID image
  6. Tick the box
  7. Press “Submit”

 


 

 

Click on “Continue to Selfie Verification”

 


 

 

Click “Continue”

 


 

 

Allow your computer to use web camera on this site and take a photo with you holding your passport in hand

  1. Here you can see yourself - how you will look like
  2. If you are satisfied click “Take a photo”
  3. If you are satisfied with the picture Click “Upload a photo”, if not - retake the photo.

 


 

 

Your verification was submitted.

Expect an email notification within 1-3 business days

 


 

 

After your identity and selfie verification will be submitted you’ll be able to do your address verification.

It is simple. Click on “Verify now” under Address verification and fill in all the necessary field here.

 


 

 

The verification is complete.

Here is your personal bitcoin wallet.

In section “My Wallet” you can:

  1. See you bitcoin balance
  2. See your wallet address
  3. Send bitcoins to other people
  4. See the bitcoin/THB rates

 


 

 

  1. “My Wallet” - sending bitcoins
  2. “Add Money” - you can buy bitcoins for Thai Bahts
  3. “Cash out” - you can sell bitcoins and get Thai Bahts
  4. “Mobile Top Up” - you can pay for your mobile phone directly with bitcoins

 


 

How to buy bitcoins at coins.co.th?

 


 

 

Go to your wallet at https://coins.co.th and click on “Add money”

 


 

 

Scroll down the page and choose the most useful variant for you.

Then follow the instructions.

 


 

 

Enter the amount of bitcoin you would like to buy

 


 

 

The following page shows the instructions and where to make payment for your order.

 


 

 

After making your payment, click 'Mark as Paid'

 


 

 

Confirm you payment by clicking 'Fully Paid'

That is it! The operations team will verify your payment and send you your bitcoins! You will receive a confirmation email once your order has been processed.

Here you can watch the tutorialhttps://youtu.be/AwRrc7wuoXc

.

 


 

How to transfer Bitcoins to receiver at coins.co.th?

 


 

 

Login in to your wallet at https://coins.co.th

.

  1. Click on My wallet“
  2. Click on “Send bitcoin”

 


 

 

  1. Enter the amount in BTC you want to send
  2. Enter the BTC address of the recipient
  3. Click “Continue”

 


 

 

Review your transaction and put the verification code from your 2FA apps or SMS then click "Send Bitcoin"

 


 

 

This mean your transaction is pending for confirmation.

 


 

 

Congrats! This mean your transaction is completed.

 


 

How to sell Bitcoins at coins.co.th

 


 

 

Log in at https://coins.co.th/ and go to “Cash out” section.

 


 

 

Select how you would like to receive your cash.

 


 

 

Enter the amount of bitcoin you would like to sell

 


 

 

Enter the recipient details according to your preferred cash receiving option.
(The following picture shows information required for receiving cash via bank account)

 


 

 

Select the wallet you want to cash out your money (sell your bitcoin) from

 


 

 

Confirm your order.

That is it! Sit back and relax! Your order will be processed once your bitcoin transaction has received six confirmations. You will also receive a confirmation email once your order has been processed.


 

 

Also check Cash-out Options with 0 Fee http://support.coins.co.th/hc/en-us/articles/208245156-Cash-out-Options-with-0-Fee