ViaBTC allows you to turn [10] BTC into [12] BTC, subsidised by r/btc (exact values subject to exchange rate fluctuations) – no joke!

Ticker

1 BTC = $54624.60 USD  (via Coinbase)
1 ETH = $2616.45 USD  (via Coinbase)
1 LTC = $282.85 USD  (via Coinbase)
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See "https://www.viabtc.com/convert/bcc" – they obviously follow the token trading principle as I first described it here

…of course, r/btc would say they get subsidised by r/bitcoin. I call this a win-win (for now) 🙂

Anyway – here's how it goes:

  1. Send 10 BTC (just as an example) to ViaBTC.

  2. In you user account settings, turn 10 BTC into 10 BTC_frozen and 10 BCC at no fee.

  3. Sell your 10 BCC tokens for xx CNY.

  4. Purchase BTC from your xx CNY balance (e.g. buy 2 BTC if BCC traded at 20{88c91daedd271a990a10650c05d769cae2765e0603edf30ca95f18704e5748e8} price of BTC in step 3).

  5. Withdraw the 2 BTC immediately to your self-controlled wallet.

  6. Wait till 1 Aug 12:20 UTC.

  7. Login to ViaBTC and see that your 10 BTC_frozen tokens have been turned into regular 10 BTC tokens. Withdraw these 10 BTC to your self-controlled wallet.

  8. Enjoy having turned 10 BTC into 12 BTC.


Edit: If you prefer to trade in the other direction, read this.

submitted by /u/Amichateur
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1 CRYPTO

Crypto News & ICO Reviews

1 News - 247 News - 247 Bitcoin - 1 Search

BTC - BCH - ETH - LITE - XRP

Buy Sell Trade Crypto Here

 

Ticker

1 BTC = $54624.60 USD  (via Coinbase)
1 ETH = $2616.45 USD  (via Coinbase)
1 LTC = $282.85 USD  (via Coinbase)
Quotes delayed up to 2 minutes.

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