http://bitcoinworldwide.net Mon, 12 Mar 2018 15:41:29 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.6 Mar 2014 Performance http://bitcoinworldwide.net/mar-2014-performance http://bitcoinworldwide.net/mar-2014-performance#respond Wed, 02 Apr 2014 14:17:33 +0000 http://bitcoinworldwide.net/?p=707

Hi everyone! Jonathan here with my Mar 2014 performance of BTC Robot. Monthly Profit: US$783.52 – US$1187.41 = – US$403.89 Monthly Return: – US$403.89 / US$1187.41 = – 34.01% I am making a loss for this month because the price of bitcoin has dropped from US$690+ to US$400+. However, the new algorithm of BTC robot is performing much better now because it is […]

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Hi everyone!

Jonathan here with my Mar 2014 performance of BTC Robot.

Mar 2014 Results 2

Monthly Profit: US$783.52 – US$1187.41 = – US$403.89

Monthly Return: – US$403.89 / US$1187.41 = – 34.01%

I am making a loss for this month because the price of bitcoin has dropped from US$690+ to US$400+. However, the new algorithm of BTC robot is performing much better now because it is able to convert US dollars into more bitcoins whenever the price of bitcoin drops based on my observations.

That’s all folks for this month! Feel free to leave your comments below or ask me any questions. I will do my best to help you out.

To your bitcoin trading success!

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Feb 2014 Performance http://bitcoinworldwide.net/feb-2014-performance http://bitcoinworldwide.net/feb-2014-performance#respond Mon, 17 Mar 2014 14:42:11 +0000 http://bitcoinworldwide.net/?p=694

  Hi everyone! Jonathan here with my Feb 2014 performance of BTC Robot. Monthly Profit: US$1187.41 – US$1273.59 = – US$86.18 Monthly Return: – US$86.18 / US$1273.59 = – 6.77% I am making a slight loss for this month because there were a lot of turbulence in bitcoin prices especially with the closure of Mt. Gox. However, it is still […]

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Hi everyone!

Jonathan here with my Feb 2014 performance of BTC Robot.

Monthly Profit: US$1187.41 – US$1273.59 = – US$86.18

Monthly Return: – US$86.18 / US$1273.59 = – 6.77%

I am making a slight loss for this month because there were a lot of turbulence in bitcoin prices especially with the closure of Mt. Gox. However, it is still much better than holding on to bitcoins if you bought them at a high price before the collapse in price happened now.

That’s all folks for this month! Feel free to leave your comments below or ask me any questions. I will do my best to help you out.

To your bitcoin trading success!

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BTC Robot Update 1.3 And Litecoin Robot Launch http://bitcoinworldwide.net/btc-robot-update-1-3-and-litecoin-robot-launch http://bitcoinworldwide.net/btc-robot-update-1-3-and-litecoin-robot-launch#respond Sun, 09 Feb 2014 03:21:33 +0000 http://bitcoinworldwide.net/?p=681

  Hey guys, Jonathan here with an update on the latest developments for BTC robot in the month of Feb 2014. First of all, update 1.3 has been released. This is an update that is aimed at addressing the frequency of trades and the trading algorithm of BTC robot for bitcoin trading in 2014. Note […]

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Hey guys, Jonathan here with an update on the latest developments for BTC robot in the month of Feb 2014.

First of all, update 1.3 has been released. This is an update that is aimed at addressing the frequency of trades and the trading algorithm of BTC robot for bitcoin trading in 2014.

Note that the update will be applied automatically for all gold/platinum robot users. Silver members will be required to log in to their member’s area to re-install their robot again.

Besides this update, another awesome announcement would be the launch of LTC robot. This is basically a robot that is used to trade litecoin, also known as the “brother of bitcoin”.

litecoin

For existing silver/gold btc robot members, you can actually get this robot at an early bird price of US$99. For platinum members, you will be glad to know that you can obtain this robot for free. This is the url that you can use to claim for this deal: http://ltcbot.com/earlybird.php

That’s all for the update! If you have any questions, please drop me an email or leave your comments below.

To your bitcoin/litecoin trading success!

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Jan 2014 Performance http://bitcoinworldwide.net/jan-2014-performance http://bitcoinworldwide.net/jan-2014-performance#respond Sat, 01 Feb 2014 02:37:49 +0000 http://bitcoinworldwide.net/?p=669

  Hi everyone! Sorry for the delay in update because I was celebrating Chinese New Year over the past few days with my family. Here’s wishing our Chinese readers a Happy and Prosperous Chinese New Year! How was my robot’s performance for this month? Monthly Profit: US$1273.59 – US$1269.05 = + US$4.54 Monthly Return: US$4.54 / US$1269.05 […]

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Hi everyone! Sorry for the delay in update because I was celebrating Chinese New Year over the past few days with my family. Here’s wishing our Chinese readers a Happy and Prosperous Chinese New Year!

How was my robot’s performance for this month?

Monthly Profit: US$1273.59 – US$1269.05 = + US$4.54

Monthly Return: US$4.54 / US$1269.05 = + 0.35%

I know the return for this month is kind of pathetic but it is much better than last month when I made a loss. From 21 Jan to 31 Jan, there wasn’t any trade from the robot even though the price of bitcoin was moving. This can be verified from my btc-e trade history.

I have checked with the support team with regards to this issue and this is the response that I got from them:

BTC Robot Not Trading

That explains why I could be missing out on some opportunities to make money from the change in prices.

Why did this happened? 

Jan 2014 Bitcoin Price

As you can see from the price chart above, there wasn’t much movement in the price of bitcoin after it dropped from a high of US$1000 in 6 Jan to a low of US$700+ on 7 Jan. Ever since the drop took place, the price has been moving between US$700+ to US$800+. Even if you bought your bitcoins in January and held on to them, you probably won’t make much money as well.

I will not be going through the trade history since you have already seen it in my video.

That’s all folks for this month! I heard that eBay is going to accept bitcoins in February. Therefore, I am sure it is going to be an exciting month ahead.

Feel free to leave your comments below or ask me any questions. I will do my best to help you out.

To your bitcoin trading success!

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Dec 2013 Performance http://bitcoinworldwide.net/dec-2013-performance http://bitcoinworldwide.net/dec-2013-performance#respond Thu, 02 Jan 2014 10:35:21 +0000 http://bitcoinworldwide.net/?p=634

Before I go on with the update for Dec 2013, I want to wish everyone a prosperous and happy 2014! So without any further delay, let’s dive in to my update. Note that the next update would be on 31st Jan 2014. What I did this month? I have topped up my account with an […]

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Before I go on with the update for Dec 2013, I want to wish everyone a prosperous and happy 2014! So without any further delay, let’s dive in to my update. Note that the next update would be on 31st Jan 2014.

What I did this month?

I have topped up my account with an additional 1.5799 BTC which equates to about US$1533.42 on 1 Dec 2013.

Hence, my total inital capital investment for Dec 2013 is:

US112.61 + US$20 + US$200 + US$172 + US$200 + US$1533.42 = US$2258.03 (including Aug to Dec)

My robot’s performance for Dec 2013

Monthly profit: US$1269.05 – US$3273.62 = – US$2004.57

Monthly return: – US$2004.57 / US$3273.62 = – 61.23%

Actual Profit/Loss: US$1269.05 – US$2258.03 = – US$998.98 or -43.80%

Why did this happened?

Courtesy of BitcoinCharts.com

I am using the bitcoin price chart from Bitstamp.net because the price is very close to BTC-e and I couldn’t find BTC-e’s price chart.

If you observed carefully from the chart, the price of bitcoin hit an all-time high of US$1100+ on 4 Dec. That is when my portfolio exceeded US$4000+. However, when China banned all financial institutions from using bitcoins in their dealings on 5 Dec, the price of bitcoin dropped from US$1100+ to US$500+ within a span of 3 days. This resulted in a huge reduction in my portfolio from US$4000+ to a couple of hundred dollars.

However, when the price of bitcoin dropped to a new low of US$400 on Dec 18, my portfolio was able to withstand the impact without much changes. This goes to show that the robot was effective in preserving my capital investment when the bitcoin price changes were too extreme.

Such extreme changes are common since bitcoin is still a relatively new concept compared to fiat currencies which have been around for many years. When it comes to trading, there will always be an element of risk involved. That is why I would encourage you to put 10% of your monthly income to be invested and not all of your savings. You cannot win all the time but if you were to stay steady with your efforts, I am sure you will turn out to be a winner at the end of the day. 🙂

Most importantly, I am in this market for the long-term. Hence, I am not too concerned about the changes that are happening around the world.

That’s all for this month, folks!

Feel free to leave your comments below.

To your bitcoin trading success!

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Trezor Review: Does This Bitcoin Safe Really Work? http://bitcoinworldwide.net/trezor http://bitcoinworldwide.net/trezor#respond Tue, 17 Dec 2013 10:13:35 +0000 http://bitcoinworldwide.net/?p=614

Have you heard about the Bitcoin craze? Bitcoins are a virtual currency, developed by the internet community, that are thought to someday replace the currency systems that we have around the world today so that they can be condensed into one, single currency. Of course, there are lots of concerns that can come with this, […]

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Have you heard about the Bitcoin craze? Bitcoins are a virtual currency, developed by the internet community, that are thought to someday replace the currency systems that we have around the world today so that they can be condensed into one, single currency.

Of course, there are lots of concerns that can come with this, the most obvious being security. Many people are hesitant to use Bitcoins because they are worried that they may not be secure or safe to use.

But now, there’s a new way to store all of those Bitcoins that you may have accumulated; Trezor. In this article, we’re going to take a closer look at Trezor so you can make a decision as to whether or not it is the right Bitcoin wallet for your purposes.

In a hurry?

=>See the best deals for Trezor here

What Is Trezor?

Are you concerned about internet security when it comes to your cash? That’s how it should be; millions of people get their identity stolen online every single year. But what if there was a way to keep your virtual currency (i.e. Bitcoins) safe whether you were online or offline?

That’s the role that Trezor wants to play. If your computer and/or internet connection get compromised, your Bitcoins will stay safe and secure with Trezor.

It is a Bitcoin wallet that is compatible with Windows, Mac, and Linux operating systems, so that you can access it no matter what computer you are on.

Here are some of the best features of Trezor’s bitcoin wallet:

– The environment is isolated, which means that your transactions are signed offline instead of online, so you have the best in security, no matter where you are accessing your Bitcoin wallet from.

– Instead of struggling through complicated features, the Trezor is actually incredibly easy for you to use. It is intuitive; many people don’t even need to consult a user manual in order to be able to utilize and access it.

– The encryption on the Trezor is the best available on the market today. So instead of worrying about whether or not your connection is secure, Trezor insures that every Bitcoin is safe.

Open source technology that utilizes input from every Trezor user ensures that the technology is up-to-date and always changing to keep up with new trends.

The Trezor community and interface are both very intuitive, and they work together to make sure that you have the best in everything that you are looking for in a Bitcoin wallet.

How Does Trezor Work?

It’s actually fairly easy, especially when compared to other methods of making transactions with online wallets. Here is the simple, step-by-step process that you follow in order to use your Trezor.

– You connect your Trezor to your computer via USB port. The software downloads automatically, and it is ready to go in just a few minutes.

– You input your master public key, which is the key that you use to utilize all of your Bitcoin information. It encrypts this information and keeps it safe, while giving you access to each and every one of your Bitcoin accounts.

– When you are looking to do a transaction, the Trezor gets an alert. It then displays the transaction and asks for your confirmation before signing the transaction with a private key that only the Trezor knows. Then, the signed transaction goes where you want it to go. See, it’s simpler than any other application that you have to deal with on the web today.

Here’s a really good video to illustrate how simple it is to set up your Trezor and perform transactions:

Click Here to invest in a Trezor wallet from the official website

What Are Other People Saying About Trezor?

There are many people who have found Trezor and love using it as their only BitCoin wallet. Want to see what other people are saying about it? Here are some customer reviews that you can take a look at for yourself:

“As Trezor is a hardware wallet, it cannot never be infected by viruses and malware. Hence, your bitcoins will be safe. They are an exciting step in the evolution of Bitcoin from an experiment for geeks to a payment system anybody can use.” – Gavin A.

“I believe that when complete, TREZOR will have redefined state-of-the-art in financial security. Even the best banks today only issue customers with hardware calculators but these don’t match the safety and ease-of-use of TREZOR. This project is showing that the Bitcoin community can rise to even the toughest challenges presented by truly decentralized money.” – Mike H.

“Excellent design with nice FAQ explanation on their webpage, in case you too are curious about how it works. Nice integration of element and by the way nice little gadget. Hope this will be in the future nice tool to make transaction all over the world, easy and secure.” – Annie K.

Trezor is the future of Bitcoins. What more could you want? The wallet makes sure that your bitcoins are safe and secure, and may be able to play a huge role in helping Bitcoins come to the forefront of decentralized currency.

Useful References

1. https://trezor.io/

Last Updated 27 Oct 2017

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Cloud Mining: Is It Worth It? http://bitcoinworldwide.net/cloud-mining http://bitcoinworldwide.net/cloud-mining#respond Mon, 16 Dec 2013 15:49:13 +0000 http://bitcoinworldwide.net/?p=606

Bitcoins are considered to be the currency of the future, and many people find using them to be exciting. People developed it to be a form of currency that can be used in case other types of currency go under, and so that all currencies are under a universal system. Some people enjoy the fun […]

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Image Courtesy of http://en.wikipedia.org/wiki/Bitcoin_protocol

Bitcoins are considered to be the currency of the future, and many people find using them to be exciting. People developed it to be a form of currency that can be used in case other types of currency go under, and so that all currencies are under a universal system.

Some people enjoy the fun and excitement that comes from cloud mining or cloud hashing, which are terms used when you go looking for Bitcoins on the internet.

There are a number of platforms that allow you to do cloud hashing, and each one of them has their benefits and their pitfalls. So make sure that you do your research before deciding on which cloud hashing platform that you want to use for yourself.

In this article, we’re going to take a closer look at cloud mining so that you can see whether or not you may want to consider it for yourself.

What Is Cloud Mining?

Cloud mining is, in short, using computer hardware in order to dig up Bitcoins off of internet sites. There are only a certain number of Bitcoins available for people to find at a time. They are slowly released, unlike money that you see in other currencies. You utilize a number of methods, including coding, scripts, and other more advanced types of computer in order to dig through the internet and find this “free money.”

Cloud mining has become popular because many people do not trust the global economy. People worry that inflation has gotten out of control and that the only way to deal with it is by using a universal currency like Bitcoins. It has also become popular because of its use in non-traditional markets (some are shady; but in general most are not).

How Does Cloud Mining Work?

Cloud mining is not a cheap endeavor. You may have to purchase some hardware in order to do it efficiently. You will be running a lot of energy on your computer, so you may need to add some power and some fans in order to do so. There are different types of hardware that you can use in order to do cloud mining, you just have to find the one(s) that work best for you and that you can afford.

Of course, you don’t have to spend all of that money in order to do your own cloud mining. There are also options that you may have that include renting someone else’s cloud hashing hardware.

Instead of paying all of that money in order to buy your own equipment, you can pay a substantially smaller amount and do the same thing. You just have to supply the money so that you can use the software and hardware.

Whichever way you decide to do it, you will put in the scripts or coding so that you can start to mine. Then, you just let them run. They’ll dig around and allow you to start seeing the money roll in. It may take a little while for you to get back your investment, but with time and persistence, you will be able to make a little extra cash on the side using cloud mining.

What Are The Benefits?

There are a number of benefits to cloud mining. Let’s take a look at a few of them.

– First, there is a fairly sizable community of people who are involved in cloud mining. You can meet a lot of people who can give you tips and hints about the best ways to go about mining for bitcoins. You can also make a lot of friends through this process.

– Of course, as you would expect, there are a number of ways that you can make some extra cash all year round. Some days, you will get more Bitcoins than others, but the time and energy that you put into it will be worth it in the end.

– It can be a very interesting hobby. Actually, even though most people do it for cash, many of them also do it for the same reason that people went out to the Western states in order to find gold during the gold rush. It’s about the thrill of the hunt, the excitement of the find.

These aren’t the only benefits, but they are some of the most common reasons that you will see people going through the hoops so that they can enjoy cloud mining. So, as you can see, cloud mining can be a lot of fun and can really help you to bring in the cash.

So, if you want to try it out, go ahead. It can really be a lot of fun and give you a lot of excitement when it comes to digging up new Bitcoins and bringing them into the economy. The benefits are definitely worthwhile in the long run.

Useful References

1. Anyone Can Mine Bitcoin From Anywhere With Revolutionary Bitcoin ASIC Cloud Mining – Yahoo Finance (Accessed 16 Dec 2013)

Last Updated 16 Dec 2013

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BTC Robot Update 1.3 And Common Questions http://bitcoinworldwide.net/btc-robot-update-1-3-and-common-questions http://bitcoinworldwide.net/btc-robot-update-1-3-and-common-questions#comments Thu, 12 Dec 2013 09:11:36 +0000 http://bitcoinworldwide.net/?p=600

Hi everyone! Jonathan here. Hope everyone is doing great with their bitcoin trading. 🙂 Anyway, I am writing this post to inform you that update 1.3 for BTC robot has been released and applied for all users. Hence, even if you are on the Silver plan, there is no action needed on your part. Here’s […]

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Hi everyone! Jonathan here.

Hope everyone is doing great with their bitcoin trading. 🙂 Anyway, I am writing this post to inform you that update 1.3 for BTC robot has been released and applied for all users. Hence, even if you are on the Silver plan, there is no action needed on your part.

Here’s an overview of what the update is about:

It will address some of the BTC-e API changes which had prevented the robot from being able to display the balance accurately. As a result, some of you folks may have seen a sudden dip in your balance overnight.

I have updated my FAQ with the common questions. So please check it out whenever you face any issues with your robot before emailing me.

Other news from around the world:

I have received news that Switzerland is proposing for bitcoin to be considered as a foreign currency. This is truly exciting. If the proposal goes through, I am sure other countries will follow suit as well. 🙂

That marks the end of this update! Feel free to leave your comments below.

To your bitcoin trading success!

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How To Use FYBSG For Bitcoin Trading? http://bitcoinworldwide.net/fybsg http://bitcoinworldwide.net/fybsg#respond Mon, 09 Dec 2013 15:13:19 +0000 http://bitcoinworldwide.net/?p=565

  Hi everyone, Jonathan here with a video on how to use FYBSG for bitcoin trading. This video is meant for people who are living in Singapore and would like to get started in bitcoin trading. Before I go on, let me share with you some background about this exchange. FYB-SG is the 1st bitcoin […]

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Hi everyone, Jonathan here with a video on how to use FYBSG for bitcoin trading. This video is meant for people who are living in Singapore and would like to get started in bitcoin trading.

Before I go on, let me share with you some background about this exchange. FYB-SG is the 1st bitcoin exchange in Singapore and it was launched at the start of this year.

First of all, you need to register for an account.

Enter your email address and password.

Next, you will receive a verification email in the email account which you registered your FYB-SG account with.

Click on the link in the email to confirm your account.

Then, you will be required to enter the verification code which can be found below the link which you just clicked along with the email.

After you have created your account, you can log in with your email address and password.

fybsg4

After you entered your email and password, remember to click on Sign In.

This is how the dashboard looks like when you first log in.

Before you start trading, you will be required to verify your account by clicking on the Verify Account tab.

Here you will be required to enter your particulars, upload a scanned copy of your front and back IC to complete the verification.

Note: The verification typically takes about a day or so but it is much faster in most cases.

After you have verified your account, you can start depositing funds into your account to start trading.

There are 3 ways to fund your account.

1. Online Bank Transfer (Internet Banking For DBS/POSB and UOB Only)

2. Annonymous Cash Deposit (Only to UOB Account)

3. Bitcoins

For online bank transfer and cash deposit, it typically takes less than 24 hours for you to receive your funds. For bitcoins, it will be a couple of hours. After you have received your funds, you can start trading.

Just click on Trade.

Here you can select the amount of BTC that you would like to buy or sell based on a certain price.

If you want to withdraw bitcoins or money, just click on Withdraw at the top.

Then follow the necessary instructions to perform the withdrawal.

Under the Transfer History, you will be able to see the deposits and withdrawals that took place within your account.

Under the Order History, you will be able to see the trades that took place in your account.

Under the Security, you can enable a 2 step verification to protect your account by clicking on Enable 2FA.

Under the Order Book, you will be able to see the Buy and Sell Orders that took place within the exchange.

For more information on how to withdraw bitcoins from FYBSG and deposit into another exchange, check out this post: http://bitcoinworldwide.net/how-to-deposit-bitcoins

That’s all guys! If you have any questions pertaining to FYBSG, feel free to ask me. I will be glad to help you out.

Note: I am not affiliated with FYBSG. I have used their service and found it very easy and convenient to use. 

Remember to download your free android mobile app for FYBSG here: https://play.google.com/store/apps/details?id=com.coinapps.fybsg (Credits goes to Yasitha, a fellow blog reader. Thank you Yasitha!)

To your bitcoin trading success!

 

 

Last Updated 29 Dec 2013

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How To Withdraw Bitcoins From BTC-e? http://bitcoinworldwide.net/how-to-withdraw-bitcoins-from-btc-e http://bitcoinworldwide.net/how-to-withdraw-bitcoins-from-btc-e#respond Sun, 08 Dec 2013 14:21:35 +0000 http://bitcoinworldwide.net/?p=528

  Transcription Hi everyone! Jonathan here with a quick video on how to withdraw bitcoins from btc-e to another exchange. In this example, I am using fybsg.com since it is a local exchange in my country. Note that the same procedure applies when you are withdrawing into other exchanges. To start the withdrawal, you need […]

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Transcription

Hi everyone! Jonathan here with a quick video on how to withdraw bitcoins from btc-e to another exchange. In this example, I am using fybsg.com since it is a local exchange in my country.

Note that the same procedure applies when you are withdrawing into other exchanges.

To start the withdrawal, you need to log in to your btc-e account and select Finances.

Then click on Withdraw under the BTC section.

Scroll down and you will be brought to this section.

Here you will be required to enter the amount of bitcoins you want to withdraw and the bitcoin address to deposit into. The bitcoin address can be taken from the deposit section of the exchange that you would like to deposit into.

In this example, I am using my local exchange, FYB-SG.

After I click on Deposit, I will scroll down to retrieve my bitcoin address.

After I have copied my address, I will go back to my btc-e account to input the address in the Withdrawal BTC section. Next, you can select the amount of BTC that you would like to withdraw and click on the Withdrawal button.

Note: There is a transaction fee of 0.001 BTC. Therefore, if you withdraw 0.01 BTC like I did in this example, you can expect to receive 0.009 BTC in your exchange.

Then you will receive a notification stating that “A letter with further instructions sent to your email!” as seen below.

You need to log in to the email that you registered your btc-e account with and look for a withdraw confirmation email from BTC-E. Complete the withdrawal by clicking on the link as seen below.

Then you will receive a notification in Russian saying that the withdrawal is successful.

Now I have 2.5596 BTC instead of 2.5696 BTC. Therefore, the withdrawal is successful. This can be further verified by the Transaction history.

I have logged in to my FYB-SG account and you can see that I have 0.009 BTC in my account. There is a transaction fee of 0.001 BTC. This explains why I received 0.009 BTC instead of 0.01 BTC.

That’s all folks! It’s very simple isn’t it?

If you have any questions, feel free to leave your comments below.

To your bitcoin trading success!

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