Bitcoin is a global digital currency (crypto-currency). Unlike other currencies like Naira, Yuan, USD, Euro et cetera, Bitcoin does not exist in paper form and exists only digitally. It can be used as an investment opportunity or a global medium of exchange.
Bitcoin price has been on the rise since it's creation and is gaining popularity which further increases it's value. It is also good to note that the price fluctuates as well. Bitcoin is becoming a mainstream currency which is not controlled by the government therefore that gives true power to the people ny being the true owners of this asset.
Bitcoin is a new currency that was created in 2009 by Satoshi Nakamoto as his alias. Transactions are made with no middle men – meaning, no banks, and no governments!
There is never a transaction fee in bitcoin. However, an infinitessimal amount is always charged globally on any transaction on blockchain network. This minor transaction fee is as little as no fee and it is called Miner's fee which is used to maintain the network for proper functionality. In crypto-currency transactions, all transactions are decentralised and annonymous. Not even a government knows what you are doing even as all transactions are open at all times for review by all.
Bitcoins can be used as a store value for either long term investment or short term. It can also be used to buy merchandise anonymously. More importantly, international payments are easy, faster and cheap because bitcoins are not tied to any country or subject to regulation. Small and Medium businesses might like to use bitcoins because there are no credit card fees nor huge transaction charges. Some people just buy bitcoins as an investment, hoping that it will appreciate with time. It does and will continue to appreciate. There is no better time to invest or trade on bitcoins than now.
Bitcoins can be acquired through Cointruce Exchange and a few others globally. However, Cointruce offers you a whole lot; security of fund, stability, several deposit methods, fast withdrawals and avoidance of scam activities which has really eaten up a lot of bitcoin platforms and more flexibility of operation.
How do I own a bitcoin wallet?
Upon creation of an account with us through Sign Up, you automatically have the ownership of the following for free:
What is Bitcoin wallet?
A Bitcoin wallet is basically the bitcoin equivalent of a bank account for your local currency. It allows you to store bitcoins for your personal use at all times away from external observation.
What is Fiat Currency wallet?
This is your local currency walllet on Cointruce where all your deposited funds are kept virtually. The balance on this wallet can either be used to buy bitcoins from the company, Cointruce Exchange platform with other users or making withdrawals to your bank account. Your balance is always visible to you and each of your transaction activities are displayed to the tiniest of details.
What is BTC Balance?
BTC Balance is the amount of bitcoins remaining in your bitcoin wallet. You can increase the BTC balance volume by buying from the company or, receiving bitcoins from others either through your btc addresses or your cointruce email address or by exchanging bitcoins with the other users on the Exchange.
What is Wallet Balance?
Wallet Balance is the amount of fund in your fiat currency which is stored in your wallet for use at all times.
What is Dashboard?
Dashboard is a user interface that, somewhat resembles an automobile's dashboard, which organizes and presents information in an easy way. That is exactly what Cointruce offers you. A user friendly interface for the best experience.
What is the current price for 1 BTC ?
We have three features on the website to easily give you this information coming live from the bitcoin network; Blockchain
The easiest way to know the current bitcoin price is to log in to your account to view your dashboard and/or on the Cointruce Exchange.
Do I need the Price Chart?
Yes, you do.
What does the BTC Price Chart display?
First, we have difference display options on this amazing price chart.
Where is my wallet?
My wallet is on the dashboard just below the price chart. My wallet comprises of both my bitcoin wallet and Fiat currency wallet.
Where is my bitcoin/money stored?
Your bitcoin/money are both stored in your wallet for use at any time or for withdrawal too as you may wish.
How do I fund my wallet/ How can I deposit money into my Cointruce account?
You can fund/deposit money into your wallet by following these steps.
Where do I find my Recent Transactions?
The most recent transactions could be found on the dashboard; however, a more expansive list is published in the Transaction Logs module.
Before you can buy bitcoin, you must have funded your wallet with your Fiat currency through Add fund.
How long does it take to sell bitcoin?
It takes practically no time. As long as you have the required fund in your local currency wallet; your btc wallet gets credited immediately. All transactions would be viewed on your transaction log at all times.
NB: Always read the message prompt at each step at a time and act accordingly.
It works practically the same way the “BUY” bitcoin works.
Your bitcoin wallet balance must have the intended fund to sell.
How long does it take to sell bitcoin?
It takes practically no time. As long as you have the required bitcoins to sell; your local cureency wallet gets credited immediately as your btc balance is debited accordingly. All transactions would be viewed on your transaction log at all times.
NB: Always read the message prompt at each step at a time and act accordingly.
Here you have 2 options;
How do I send Bitcoin to a btc address?
Bitcoins are only sent to people through their e-wallet addresses. So, before you can send bitcoins to someone, you must have recieved the beneficiary's btc address.
NB: Due to network fees, you are advised to have a surplus of 0.0001btc remaining in your btc wallet which is excluded from the intended amount you wish to send as a blockchain miners fee of that region may apply.
Cointruce has no control over how much this charge would be, as it is absolutely the network which chooses and that fee is subject to change(+ or -)
How do I send bitcoin to a Cointruce user?
You can send bitcoins to a Cointruce user at no cost by using the reciever's registered email address.
Follow the steps below to get it done;
How do I receive bitcoins?
You receive bitcoins through the following means:
All valid bitcoin addresses could be used to recieve from any platform globally. Give your generated btc address to the sender and the fund will reflect in your account in a matter of seconds.
Cointruce user email address
The easiest way to recieve fund on Cointruce is through your registered email address. This method is absolutely FREE, but the sender must also be a user on Cointruce for this feature to work.
It is instantaneous, speedy and seamless. There is no single charge on the sender unlike using a btc address which acrues a network fee which could be high or low, depending on the blockchain network at the time of transaction.
Generate bitcoin addresses?
Cointruce is designed to help you keep track of all your transactions with relative ease. Thus to receive bitcoins, you will have to generate bitcoins address through the following steps
NB: You can manage the generated address from this page and more importantly, an address on this platform can only be used to recieve funds once. However, any more funds which is sent to a used address will also be recieved but, won't be displayed on your account. You will need to contact the Cointruce Support Team to retrieve this fund. So, to avoid the stress, kinldy always generate new addtresses each time you wish to recieve funds.
How do I see my previous bitcoin address?
Unlike most bitcoin wallets, we maintain record of all your previous generated bitcoin addresses, as long as you have not removed them yourself.
You view them by following these steps:
How do I fund my account?
You can fund/deposit money into your wallet by following these steps through "Add Fund".
How do I withdraw Fund to my bank account?
How long does it take for a user's bank account to be credited?
There is a schedule on this at Payment Method page to guide you, however, user's bank account can be credited as early as 10 to 30mins from the time of the withdrawal request!
Can I still view all my previous withdrawals?
Yes, all your withdrawal history is stored for your reference at all times. Follow these steps:
Is Cointruce Exchange for every Cointruce user?
Yes, as long as you can manage the exchange. As a matter of fact, this is where the real deal happens!
How Can I trade on Cointruce Exchange?
This platform is designed in such a way that a newbie can participate as well as a trade expert. Cointruce made sure that it is as simple as it can get and as efficient as it is expected.
Either way, the equivalence is always automatically generated for you. Meanwhile, we have designed our system to display your account balance to you at all times in the same column.
NB: There is a cap of 0.0001 btc and above which one MUST post. Our system would not accept any less btc amount!
Can I edit my live BTC adverts or orders?
Yes, you can always do that by tracing the adverts/orders from Trending Exchanges and click on edit to adjust either the Rate or the amount. You can also do that by clicking on “My Exchange Listings” on the Exchange Floor.
Is there a charge on the Exchange?
Charge: Never. Commission: Yes. Cointruce collects only 0.75% of any transaction on only the Exchange only at the completion of the trade. The charges are displayed accordingingly in your transaction log at all times for transparency sake.
Does Exchange work on Real Time?
Yes, it does. Every data is generated from the blockchain on real time basics.
What is “My Exchange Listings”?
This is where all your active orders/adverts are listed for your management and you can decide tpo manage your posting from the Trending exchange by clicking on "edit".
Can I see all the transaction History on my account?
Yes, you can always do that by following these steps:
Can I delete my Transaction Log?
No. We do not allow users to delete any for transparency, reference and security sake.
Where is Account verification found?
You can find that in "My profile" under "My Account" when one is already sined in.
Why should I verify my account?
Your account is verified to enable you deposit as many amount as you wish in your local currency. All accounts have no limit to any volume of bitcoin to either receive, send or trade and thus would be legible to withdraw to any volume of amount on Cointruce as the user wishes.
Most importantly, verified accounts could take in as many deposits as the user chooses yet subject to the decision of the management of the company to maintain stability.
Unverified accounts, however would not be able to be deposit beyond the set limit by the management of Cointruce. The restricted amount of deposit will be subject to change to accomodate all and sundry as well as to maintain the security and stability in the system. So, the best practice is to get your account fully verified and embrace all benefits of using Cointruce.
How do I verify my account?
Accounts are verified by the following methods:
Kindly upload the required ID files and click on “Start Verification” to submit.
How long does it take to complete account verification?
The verification takes as muchas 2 to 2 hours from the time of submission. If there is a reason for a delay, the user MUST be notified within 24 hours from the time of submission.
Can I change my profile picture?
Yes, you can change your profile picture as many times as you like.
Can I change my account PIN?
Yes, you can change your PIN as many times as you want as long as you can always recall your most recent PIN to verify account ownership. Then, click Save.
Tips: Desist from using simple number combinations as your PIN to avoid hack and do not use the same password as your PIN. Use sophisticated PIN which is only known to you alone.
How can I change my Password?
Change your password through the following steps;
Can I sign out?
Yes, you can always sign out. In fact, it is advisable to always sign out at any time that you are through with all activities on the account, especially when you are using a public computer.
What is Activity Log?
Activity Log helps you to view all activities that took place in your account. It tells you the exact date and time each activity happened, the event that happened and the IP address at the time the event took place. Note that the activity log is not deletable by any user. This is to enhance transaparency and security of each individual's account. Cointruce cares about your safety.
NB: We have also added an IP address finder to this feature to enable you confirm the location from where your account was accessed for security purpose by only clicking on the IP address on display.
Where is my Activity Log found?
It is found under "My account"