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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:

hakan.duman.mmmturkey 1 1
huzeyfesezgin_1 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 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.

Koinim.com

 


 

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.

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 wallet account in mmm personal office

 


 

 


 

 

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

 


 

 

Press the Add button

 


 

 

  1. Create the Account name, ex.“MyAccount-BitCoin” and write it to the first field
  2. Choose the account type - BitCoin
  3. In “BTC Address” write your BTC wallet address
  4. Press “Save”

 


 

 

Ready!

The account is added.

 


 

How to Provide Help (“buy” Mavro)?

 


 


 

 

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

Click "Provide Help" on the dashboard in your Personal Office.


 

 

  1. Choose BTC
  2. Choose the type of Mavro
  3. Choose the currency you want to Provide Help in
  4. Type the amount you want to Provide Help in
  5. Read the Warning and tick the box that you have read it.
  6. Click “Ok”

 

 

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 TRY).

 

 

Click on the “Details” button to see the information about the Provide Help request


 

 

In the opened window you can see the detailed information about your request.


 

 

To cancel the Provide Help request click on “Cancel request” button.


 

 

To confirm press OK.


 

 

  1. Specify the reason for deleting the request.
  2. Click on “Delete” button.

 

 

Your Provide Help request has been successfully deleted.

Click OK.


 

 

You can see the deleted requests clicking on “Show archived requests” button.


 

 

Here is how the request with the "Deleted” status

looks like.


 

 

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. You 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 give your Bitcoin wallet number to the other party of the transfer?


If you need to provide your Bitcoin address to another user, you should first access your Bitcoin wallet and click on the button “Receive”


You will see the window with your Bitcoin wallet address. Copy this address.


Enter your MMM Personal Office and click on “Accounts”.


Then, click on “Add”


Fill in your account data and paste your Bitcoin wallet address in the respective field.


Now, another participant who wants to transfer money to you will see your Bitcoin address. When creating Help request, you can click on the order, access the section “Messages” and send your Bitcoin address there as well.


 

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 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 48 hours, 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 you sent bitcoins, 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.

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

  • Input — a signature evidencing which address Bitcoins came to Ahmet from (let’s assume he has received them from Halit);
  • Amount — the number of Bitcoins which Ahmet sends Mehmet;
  • Output - Mehmet’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 Ahmet and Mehmet, when Ahmet wants to send some digital coins to Mehmet, 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 Mehmet, 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 Mehmet’s Bitcoin address.

 


 

HOW CAN I CREATE A BITCOIN WALLET ON Koinim.com


 


 

 

Sign Up at http://www.koinim.com/ In the registration form enter your email, Name and Surname (not alias) and password. Then read and confirm the Usage Agreement and click "Hemen Üye Ol".


 

 

Check your email for the confirmation link. If the letter does not come, click on the word "buraya".


 

 

To confirm your email address you’ll receive a message. Sometimes the message comes in the Spam box.


 

 

Click "E posta adresinizi onaylamak için buraya tıklayınız" in the e-mail sent to the email address you specified when registered. Sometimes, confirmation e-mail may be filtered into a spam category.


 

 

Enter your e-mail address and password in the opened form and click on "Giriş Yap".


 

 

You need provide your ID, address and photo to have your account approved.


 

 

You can take all the necessary photos and click on "Dosya ekle" (A). Then click on "Gönder" (B). Your information will be verified by the site administration within 1 day.


 

HOW TO TRANSFER TRY TO YOUR ACCOUNT IN Koinim.com?


 

 


 

 

If you want to deposit money

  1. Click "TL Yatır".
  2. Specify the amount you want to deposit
  3. Click on the "TL Yatır" button

 


 

 

You will see the deposit request deposit on your screen. Please send indicated amount of money (A) to IBAN (B) specified in your account (your account must be yours strictly yours).

Don’t forget to write the transfer code (C) as details when you make a money order. You can send the money through the bank branch or internet banking. VERY IMPORTANT: Do not deposit money via ATMs.

 


 

 

You can see this amount in the upper right corner of your screen when it will be reached for your Koinim.com account

 


 


 

HOW CAN I BUY BITCOIN?


 

 


 

 

You can see this amount in the top right corner when you reach your Koinim.com account. That’s the total amount available for purchasing Bitcoin.

 


 

 

To buy bitcoin

  1. Click "Bitcoin Al/Sat"

 


 

 

  1. In the "Bitcoin Al" tab
  2. enter the amount of money in TL to get Bitcoin. In the field above, you can see the amount of Bitcoin you can get.
  3. Then click the "Al" button.

 


 

 

You will see BTC balance in your account. This is the amount of Bitcoins you can send to other Bitcoin Wallets.

 

HOW CAN I FIND MY BITCOIN WALLET ADDRESS


 


 

 

Sign in Koinim.com and click on the "Bitcoin Yatır" tab.


 

 

You will see the address of your Bitcoin wallet. You can copy and paste it whereever you want.


 

HOW CAN I SELL BITCOIN


 

 


 

 

To convert Bitcoins in your account to Turkish Lira

  1. Click on "Bitcoin Al/Sat"
  2. Click on "Tümü" below "Bitcoin Sat" title (to sell all Bitcoins in your account)
    or
  3. Enter the amount of BTC you want to sell.
    Just below the "Tümü" title, you can see the amount of TL you can receive.
  4. Then click "Sat" button.

 


 

 

Once this is done, you can see TL balance at the top right of your screen.

 


 

HOW TO TRANSFER BITCOIN TO ANOTHER ADDRESS?


 

 


 

 

  1. Click on the "Bitcoin çek" tab
  2. Enter Bitcoin amount you want to send
  3. Enter Bitcoin address where send bitcoin
  4. Click on the "Gönder" button

The transaction fee will be 0.0005 BTC.

 


 

 

You will see the Process Confirmation form on your screen. To the phone number you have saved in the system will be sent a confirmation code. Enter this code in the field below the text.

Click the "Gönder" button.

 


 

 

Click "OK" when you see "Emir başarıyla girildi" on your screen.

 


 

HOW CAN I WITHDRAW TRY


 


 

 

If you want to withdraw money

  1. Open "TL Çek" tab
  2. Click on the "Tümü" button beside the "Miktar" title (if you want to withdraw all the money) or enter the amount of money you want to withdraw
  3. Choose your bank account.
  4. Click the "TL Çek" button.

NOTE: You can withdraw money only to your personal bank account that matches your account username. Withdrawals can’t be made to someone else's account.


 

 

You will see this text on your screen:

“TL çekme talebiniz işleme alındı. İşleminiz onaylandığında mail ile bilgilendirileceksiniz” (Your TL withdrawal request has been processed. You will be notified by e-mail when your transaction will be confirmed).


 

 

When the amount of money you have notified on the withdrawal request arrives at your bank account, a message will be sent to your e-mail address.

VERY IMPORTANT: Your money will be deposited in your bank account

  1. On the same day (if you have done a withdraw operation during office hours from Monday to Friday)
  2. Next working day (if you have done a withdrawal operation after hours or at the end of the week)
  3. If your bank is the same as Koinim.com’s bank, all transactions will be made anytime you want.

 

HOW CAN I SECURE MY ACCOUNT


 


 

 

  1. Click on the triangle icon next to your name
  2. click on the "Hesap Ayarları" button in the appeared menu

 

 

Click the "Etkinleştir" button.


 

 

Download Google Authenticator or Microsoft Authenticator app on your mobile.

From there, read the QR code on your screen and enter the generated password in the box below and click the "Kaydet" button.

Each time you Log in your account will be demanded GA code. So you need type a current GA code created with Google Authenticator or Microsoft Authenticator.


 

WHAT CAN I DO TO RECOVER MY PASSWORD


 


 

 

If you forget your password, please write your e-mail address and click on the "Şifrenizi mi unuttunuz?"button.


 

 

The "Şifrenizi Yenileyin" form will appear on your screen. Click the "Gönder" button.


 

 

A message will be sent to your e-mail address. In this message click on "Şifrenizi yenilemek için buraya tıklayın".


 

 

You will see the Password Renewal form on your screen. Type your new password twice in this form and click on the "Şifre değiştir" button.


 

 

You can sign in your account using your new password.


 

QUESTIONS-ANSWERS

 

What are the advantages of providing help with Bitcoins?

  1. Security
  2. Speed
  3. Safety
  4. Payment tracks and verification
  5. Low fees

Why does the MMM system advocate Bitcoin?

We have similar ideology — both Bitcoin cryptocurrency and the MMM Community create a fair financial system that everyone could live happily. Cryptocurrency can be used in any country of the world. Whereas difficulties in its using are rather psychological than technical. Having set up a Bitcoin wallet and having conducted only one transaction, you will understand that it is: easy, safe, secure, profitable, and fast. These transactions become more and more popular. It will be as usual as using a favorite gadget

What determines Bitcoin's price?

Bitcoin's price is set by the bidders in the stock market and on exchange platforms.

What is a Bitcoin address?

It is a wallet identifier in the Bitcoin system similarly to a bank account. It normally contains 27 to 34 characters and consists of random digits and Latin letters. It also can be presented in form of a QR code. The address is totally anonymous and has no data about its owner. It can be obtained on a grant basis, using, for example, software of the Bitcoin system.Example of an address: 4qViLJfdGaP4EeHnDyJbEGQusnCpmw1qW.It is possible, via such addresses, to send and receive Bitcoins as simply as emails.

Does it matter on which site was a Bitcoin wallet created?

It does not matter. There is a slight difference, and it consists in wallet security systems and convenience.

Is it be possible to perform transactions among all Bitcoin wallets created on any of suggested services?

Yes, it is.

I have two Bitcoin addresses, can they both be added to the MMM PO?

Yes, they can. You may add unrestricted number of Bitcoin addresses to your PO.

Does it matter what to specify in the “account name” of the system?

No, it does not. An account name is created for you exclusively that you may choose a relevant account when creating a GH request.

What should I do: first buy Bitcoins and then offer help or wait until a PH order comes and buy Bitcoins after that?

If you are a new member or use Mavro-BTC, we recommend you to buy Bitcoin first. I.e.before you create a PH request. But if you know already how to operate Bitcoin, you should buy it at the moment when you got a PH order created. In that case you will not be affected by price fluctuation risks.

How much does it cost to pay with Bitcoin?

A Bitcoin transaction fee is calculated for every single transfer. It is standard and not dependant on the payment amount, but on the block size in bytes. It usually ranges from 0,0001 btc to 0,001 btc. A Bitcoin transfer takes several seconds while transaction confirmation speed — on average from 10 to 60 minutes. If you want to speed up confirmation of transactions, you may increase the fee on your own. Then transaction will be completed faster.

Why is there TRY shown upon providing help with Bitcoin?

The currency depends on the country your residence. Since you are located in Turkey, your basic currency is TRY. This means that Bitcoin here acts as the TRY transferring means. For example you want to provide help for 10,000 TRY. For that you need to buy 2.089 Bitcons for 10,000 TRY, transfer Bitcoins to a participant’s account, he/she will exchange them for 10,000 TRY and spend for his/her own needs.

How soon will I be able to get money when I am selling Bitcoins?

Transferring funds from a Bitcoin wallet to a bank card takes from 15 minutes to 24 hours. It may also depend on the selected stock market or exchange platform, as well as on Bitcoin buyers’ reaction time.

I want to work at the Bitcoin service. Tell me what and where should I send.

We are still looking for the new Bitcoin consultants who would help the participants to solve problems, answer their questions and gave detailed recommendations concerning Bitcoin. Requirements to candidates:
  1. Perfect knowledge in the Bitcoin cryptocurrency field. You should know how to get/provide help in MMM, add an account into the PO, create a Bitcoin wallet, exchange the cryptocurrency for traditional money, and so on.
  2. Fluent English and Turkish.
  3. Responsibility and interpersonal skills.

Is it possible to use a Bitcoin account only to withdraw Bitcoins?

Yes, it is possible to get help in the cryptocurrency to a Bitcoin wallet only.

How many digits should be there after the decimal/ full stop in Bitcoin transactions?

In a Bitcoin transaction after the decimal there can be from 1 to 8 digits.

If I participate in the system using Bitcoins, are Leader Bonuses and Old Mavro calculated in TRY or bitcoins?

MMM Turkey uses the TRY for all calculations. But you can ask to send Get Help amount both to your bank account and Bitcoin wallet. You create a TRY GH- or PH-request and the system generates orders for a certain amount of Bitcoin at a current exchange rate. You have 48 hours to transfer the amount specified in the order to the other party.

Do I need to register another MMM account to participate using Bitcoins?

No. You don’t have to create a new account. You need to go to the “Accounts” section in your PO and add a new Bitcoin account.

Why does it take so long to get my Bitcoin transaction confirmed?

You might have set the standard (the lowest) transaction fee. That’s why it takes more time to have your transaction processed. If you want to have it confirmed sooner — increase the transaction fee. You can do it at any time.

Can I use different bitcoin addresses to provide and get help?

Yes, you can.

May I specify one Bitcoin address in different MMM accounts?

No. One Bitcoin address can be used for one account only.

What screenshot should I upload after transferring Bitcoins?

The screenshot must demonstrate the details of your transaction. Or you can specify transaction hash in the order chat — it will be enough to track your transaction. See instructions:

What Bitcoin trading platform do you recommend?

You can choose any Bitcoin platform you like, but we recommend you to use Koinim (http://koinim.com), advcash (http://advcash.com), coinbase (http://coinbase.com).

Can I register with Koinim if I have already signed up for Advcash?

Yes, you can.

What does “buy” and “sell” Bitcoin mean?

Bitcoin is a cryptocurrency. Like any other currency (yuan, dollar, euro), it can be bought and sold for other world currencies according to the current exchange rate. You can use different payment/transfer methods for this.

It is compulsory to use Bitcoin in MMM, isn’t it?

No, using Bitcoin is not compulsory. You can choose either Bitcoin or Bank transaction. But we recommend using Bitcoin due to its numerous advantages.

How to check my Bitcoin wallet balance?

You can find your balance on the platform where you had your Bitcoin wallet created. Usually this section is called “My Funds”, “My Wallet”, “Balance” and so on.

What to do if the sender didn’t pay a Bitcoin-order?

The system will automatically match you with another sender (it will generate a new order.) The participant who didn’t complete the order, will be locked.

Can I buy Bitcoins with a credit card?

Yes, Koinim, Advcash and others give users this opportunity.

How many Bitcoin wallets can be registered on one mobile number?

A mobile number is linked to an account, not to a Bitcoin wallet. In one account you can have unlimited number of Bitcoin wallets and addresses even using one mobile number.

After registering Bitcoin wallet we continue to work in the MMM PO, don’t we?

Yes, you create PH and GH requests in the MMM Personal Office. However to transfer Bitcoins, you will need the platform where your wallet or another Bitcoin service has been set up.

What is the minimum and maximum PH amount in Bitcoins?

The minimum PH amount is 10 TRY. (The Bitcoin amount depends on the current exchange rate).

Can first and last names specified when registering a Bitcoin account be different from those in the MMM account?

Theoretically yes, they can, since Bitcoin offers anonymity. Still, we advise you to use the same first and last names in both cases to avoid any issues.

Is it permitted to make payments on several MMM accounts from one Bitcoin wallet?

You, personally, may use one Bitcoin wallet to pay for different orders created on different requests, i.e. use it for different PH transfers. However it is prohibited to use the same Bitcoin wallet by several accounts (different people), as we have a rule: one person — one account. This means your Bitcoin wallet cannot be used by anyone else.

How to deal with a problem of sudden changes in Bitcoin price?

The cryptocurrency is gaining momentum now, and thus the exchange rate is growing too; sometimes, however, it can move downwards. Price fluctuations are usually insignificant during 48 hours that are given to transfer funds. But we always advise our members to buy Bitcoins immediately after a PH order creation. Do not wait long until the exchange rate rises.When providing help, you can use Mavro-BTC. Then your Bitcoin amount in the request will not be recalculated into yuan amount. In this case we recommend you to buy Bitcoins before you create a PH-request.

I have provided help with Bitcoins, how soon can I create a GH request?

You may create a GH request immediately after your Mavro in the PO have become confirmed (their color should change to green).

Can I use the other site for creating a wallet and participating in MMM?

Yes, to participate in MMM you can use any platform where it is possible to create a wallet and transfer Bitcoins.

Why Bitcoin orders do not allow to contact the other party?

To interact with the other party, use the chat in the order, and there is absolutely no need in any additional way to be in touch! You transfer Bitcoins from your wallet to a receiver’s wallet, confirm payment, and write in the order’s chat that you have paid. Even if the receiver does not confirm the order (that he/she has received funds), our service will do it for him/her, since any Bitcoin transaction can be checked.

Can I operate Bitcoin via mobile phone?

Of course, you can! There are a lot of applications for mobile phones with a Bitcoin wallet.