to open an account:
- step 1: read the faq below
- step 2: PM me with a withdrawal address
(optional: if you want any automated interest payments to go to a different address to your withdrawals, also tell me your interest address).
- step 3: send 5 btc or more to the deposit address i give you
accounts default to automatically re-invest 100% of earnings, however lenders can update this percentage at any time from the bitcoin max login area (Can be set as low as 0% if you want the full payment sent each week).
default password is your deposit address, but this can be updated by lenders at any time within the login area.F.A.Q.
(make sure you have read this before PM'ing me!)
Q. What is the minimum deposit amount?
A. To open an account, you must send at least 5 BTC for your first deposit. After that, subsequent deposits can be any amount.
Q. What is the maximum account size?
A. There is no maximum at the moment.
Q. Can I reuse the same deposit address for additional amounts?
Q. Do I have to message you whenever I make a deposit?
A. No, use the deposit address you were given to deposit as often and as much as you like.
Q. If I deposit funds 'any time' doesn't that mess up your calculations?
A. No, interest is calculated in half-hour blocks, so for example if you deposit 10 bitcoins for 33.5 hours, you'll get 10 * (33.5 / (24 * 7)) * 0.069
Q. Can you confirm my deposit?
A. No. I can however give you a link to http://blockchain.info
. If it's in the blockchain then interest will be calculated on it, starting from the first half-hour after it gets included in a block.
Q. I deposited money, when will it show up in my account?
A. If it has at least one confirmation, it should show up when you log in to bitcoinmax. <- this means you may need to log out and back in again
Q. How do I withdraw?
A. That's still via PM at the moment.
Q. I'm a new investor and can't log in to bitcoinmax.com
A. It's likely that I haven't set up your account there yet. This is on the list of things to automate soon.
Q. How old is your BST account? Is it at risk of forced withdrawals?
A. It's one of the very first accounts. There would probably only be 1-3 people that could cause me to get forced out. If for any reason my account has a forced withdrawal, then I may need to also force some or all of my lenders to withdraw from bitcoinmax.
Q. Do you offer any kind of guarantee or insurance against a BST default?
A. No. If BST defaults, your coins are lost.
Q. Can you give me a referral to BST?
A. No, I'm not offering referrals at all.
Q. Can you give me a referral to BST if I pay you XXX.YY btc?
A. Thanks for the offers, but please see the previous question.
Q. What is your real name?
A. While my real name is known and fairly easy to find, I'd prefer not to have it posted and searchable on this forum.
while you can withdraw principal at any time, interest is only calculated and paid once per week. so that means if you deposit on a wednesday and withdraw it on a friday, the interest for those 48 hours won't be credited to (or withdrawable from) your account until the folllowing monday, after 21:00.