How to use urdubit.com | urdubit

I will be covering details on how to use urdubit in video tutorials here in this blog post. Hopefully all your questions will be answered here. If you do however have any questions please register and ask in the comments section. Also share this article so that people can learn about bitcoin in Pakistan.
Video Part 1

Verification:
Verification on urdubit is an important setup and we wont allow you to deposit or withdraw pkr unless you are verified. Like all international trading platforms we want our countrymen to be safe and secure hence we follow standard KYC/AML procedures to ensure that you are really you. So lets get this part out of the way so you can start buying or selling bitcoins.

Video Part 2

Video Part 3:
This is a detailed video of how to buy and sell bitcoin bitcoin in Pakistan. Most people have this problem as there was no trading platform before this. Rest assure this was very secure and you will have fun if you use it once or twice.

Video By User:

Blood on the streets | bitcoin, btc, xbt, price

My thoughts on what happened with the bitcoin price this week. I had recently covered a blog post at bitlanders covered here on why I thought the price had gone up. Closing comments were that we can see a drop if and when the sell comes.

The Rise:

Bitcoin Price touched the highs of 2015 by hitting $500 plus at the same time major exchanges were hit by a DDOS attack followed by arbitrage opportunities which caused a bit of concern since the transaction volume of bitcoin took a jump. As such bitcoin transactions started getting delayed to from 3 to 6 hours. Major trading platforms in China saw volumes as large as 2000000 btc in 24 hours. I guess for a person who had just gotten into this it was very shocking and exciting time but as the experts will tell you this has always happened to bitcoin. I do advise all the new investors to weigh the pros and cons of btc first, as its not just about making money on the short term.

In the News:

Bitcoin price had received great news that kept the buy pressure up. One was by Bloomberg which advised to keep an eye on btc, which was later(2 days) followed by research by CNBC which stated that bitcoin will become the 6th largest reserve currency by default at current pace by the year 2030. This was seen by large as a very positive sign and the buying continued.

The Fall

The above aspects saw the rise all the way upto $500+ before the dumping began. The pull also must have created panic selling orders followed by bots going into sell mode as I mentioned in the blog and therefore saw a fall in price of btc to $360. While predicting the next wave is very difficult we are now seeing a more controlled rate around $380 to $404.

Where will the piece go next:

I am no expert at predicting prices however for traders I suggest sticking with intra-day trades rather then looking to make it big in overnight bull runs. Additionally articles are covered online at our main news site http://www.newsbtc.com and for all other news regarding litcoin dogecoin or bitcoin you can check out http://pk.newsbtc.com where we try to cover everything in Urdu plus cover Pakistan related news about bitcoin in Pakistan

BITLANDERS: “ BitCoin Meets SocialMedia.” | Earn Bitcoins, Bitlanders, Free Bitcoins

You might not know about Bitcoin yet and the digital miracle currency that it is, Bitcoin is a peer-to-peer digital currency that allows users to purchase goods and services and cash out in liquid cash in the currency of their using by using bitcoin merchants like UrduBit (Urdubit)in Pakistan.

 

Bitlanders is the social media that pays!

 

BitCoin Mining is the way new bitcoins are produced but it is not the only way to get Bitcoins, a new and fun way of getting bitcoins is to join Bitlanders. This social media site that pays you in bitcoins by how and well efficiently you use the platform itself. Bitlanders lets you share new and create stuff similar to google plus and facebook. You can write blogs, post videos share youtube videos and also do daily tasks such as look at others videos and blogs to earn.

BitLanders pays you by calculating your social reach or following into a ‘BuzzScore’. The BuzzScore is a competitive scale of ranking starting from zero and ending on 100, which shows your skill to involve users in your content, posts , blogs, videos, pics or even by sharing outside content. It takes into consideration the amount of people that subscribe to your content, as well as ‘buzz’ your content (like Facebook like), as well as share their views on it or comment with their thoughts and ideas.

Your BuzzScore is calculated daily and by the end of it you are given a certain amount of BitCoin which reflects your BuzzScore and current BitCoin Price.

You can blog, post, share a picture or a video and upload a self made film and your earning starts!

 

Earning BitCoins with Bitlanders

With BitLanders, users get bitcoins just for doing stuff that they already do on other social networks like Facebook and Twitter. It’s a pretty simple process. Users who contribute and participate in the social platform are awarded regarding their posting activity performance.

Just by posting images, videos or writing posts, users will be able to earn some tips directly from the social media platform. It takes time for users to earn a good amount, but it can increase pretty fast if their content becomes very popular.

Spend all day Facebooking or tweeting? Why not join Bitlanders and get paid for the time you spent rather than spending it for free.

How to Join?

Its easy and simple. You can use your Facebook or Google Plus account to log in or Just visit Bitlanders and click on log in. And yes. It is done that easy.

User Oriented:

You can use BitLanders like facebook, wordpress, blogging, twitter and YouTube, making BitLanders a very versatile site and easy to use and whats more the content on BitLanders is not in chaos like in other social medias and the Bitlander team monitors it, ultimately allowing you have a unique experience with original and creative content,

Features:

BitLanders has its own unique ways, instead of having a profile pic, you get an avatar that you can edit according to your personality or your wishes on how you want yourself to appear digitally which in term symbolizes the digital currency, BitCoin. And makes the site more content oriented than celebrity worship like other social media sites AND IT PAYS!!.
The Idea behind bitlanders is not a get rich quick scheme but to make money while you do what you do daily on sites such as twitter, google plus or facebook.

 

Creativity meets People and make its digital community

In BitLanders, a community of great talent, creativity and ideas meet and they post a lot of great work from stop motion animation to Photography and sharing your personal thoughts and ideas. There is so much to find and and in great diversity. Its east to find film makers, photographers, graphic designers and and people from all walks of the world leading their arenas with their ideas and thoughts.

WHY JOIN BITLANDERS?

  1. Its for you to use and earn:

It allows all type of users to earn money with their work, So much talent and genius goes unnoticed in this world. Well not anymore. Join BitLanders and earn if you think you have the talent and the guts to show it.

Even if you are simply a viewer like the most and so many at Facebook, twitter, you still get paid for sharing content, posting a status, pic, a video and you will get paid by the amount of buzz you get and getting people to comment and even by inviting your friends to join BitLanders.

  1. Easy to Earn and Enjoy while earning.

You spend so much time on Facebook doing dozens of things in a day and using twitter its only fair to get your piece of the pie and why not? You contribute your precious time and moments of your life. So surf, get entertained, pass your time while earning at BitLanders.

People in Pakistan have now Facebook for a hobby and no earning to speak for it. So Pakistanis should shift to BitLanders to earn in Bitcoins and convert it into real cash by using services like UrduBit.

  1. Being a Leader and being followed.

If you believe you have the wisdom or the words and can create such content that can inspire people or get you followers , you can get quite a BuzzScore in BitLanders and get paid.

  1. Join BitCoin Bandwagon before its too late:

BitCoin being digital currency is the new cool and people are transforming it as a means of real money. There are now BitCoin Banks, BitCoin ATMS, BitCoin Merchants, and even some retailers are accepting it as a method of payment due to its awesome feature and no inflation rate. So its only logical to join it before its too late.

 

We spend so much time on social media sites and out so much energy into making our profiles attractive and work so hard at posting stuff to get the like or spread information while these companies makes profit from it and share your information for their advertising means. BitLanders is the only social platform that gives you your deserved piece of the profits and rewards you on your time and the content you share with the world. If we can do it for free we can certainly do it more better if we get paid for it, and enjoy it at the same time. Its about time we change and adapt and yes, GET PAID for it!

What and Why? | Bitcoin Pakistan

I figured it was time to update and give some information on what excatly is bitcoin and blockchain to my fellow country men. This is my view of what it is and why it is. Please realize that bitcoin in my opinon was created to make money truly yours. Currently all financial systems work through centralized banking, anyone living in Pakistan already know the problem with the control the banks have right now on our accounts. The idea is what I believe was in the head of satoshi that led to the creation of the first true peer to peer (similary to torrent) type currency known as btc or bitcoin. He laid the foundationg of an opensource ledger(database) for the general public where every entry was single entry and could not be removed.  But all the ledger was synced with the other users running the software on the network. This software was known as a wallet which can be considered like a bank account of sort for the comman man. While you can have many wallat addresses in a single wallet it resides in public ledger. This is also why it is important to backup the wallet.dat file of your wallet if you have the full software running. There are now online wallets and paper wallets you can also store your bitcoins on online exchanges or bitcoin trading platforms. Do remember if you lose your wallet on your pc or paper wallet for any reason its gone forever. I believe that bitcoin is still in its infancey and has a long way to go, think about how internet came about:
There was Fax–> Bullitin Board Service or BBS–> email –>internet
It took it a long time, it wasent an overnight revolution. Similarly bitcoin is very new. While it has captured a huge market it still has a long way to go. There are benifits of the blockchain and bitcoin as both are being innovated upon. Some companies are working on blockchain(ledger, or database) such as voip (p2p) coins such as korecoin and viorcoin then there rare coins such as bay, blk etc that support smart contrants and p2p markets. Then there is the ripple gateway that is trying to replace the current swift system.

Then there are services that belive in bitcoin itself and are using its financial power to change the way we bank or use money today. Think about the fact that you own one currency that works throughout the world you dont have to worry about Pakistani ruppee price fluctuating aganist the USD (this is an example) as PKR is not accepted everywhere in the world. It is a true boarderless curreny that I believe is brining people closer together. The launch of https://www.coinpip.com is one such gateway which lets companies pay their developers anywhere in the world. Its a singaporian startup that is doing alot of work in this feild. They take the bitcoin out of picture but use bitcoin in the backend. Then there are exchanges and atms and user acceptance poping up everywhere around the world, such as microsoft, dell, paypal, namescheap, overstock etc. There are physicall vendors in Pakistan too. There is a shop in Gunjarawallla, a petrol pump/ gas station in Karachi, then http://www.paybill.io where you can pay your bills for Malaysia and Pakistan and also do mobile topups, or easy loads http://www.a2zlawn.com that are accepting bitcoins for payment,  you can also check http://www.coinmap.org for a few other locations that accept bitcoins.

I have also witnessed the power of bitcoin recently and how user to user interaction increases adoption.  I was contacted by a person who wanted to buy stuff from a vendor in another country wanted to learn about bitcoin and how it could benifit him. After consultations with us he wanted to give it a go. But his vendor was also fearfull of the price fluctions and how bitcoin could be risky as he believed it cant be real. The user here after consultation convinced his vendor that he would be taking this risk so there was no worries at his end. The first transation they did took all in all 15 mins and the cash was transfered in the vendors bank account while saving the payee money as compared to if he had used a credit card or wiretransfer. When the vendor saw this his response was: “This is really very easy, will you make more payments like this?” This is what I believe money should be, a truely boarderless medium with worldwide acceptance. The bad policies of some countries have left them in poverty, this doesnt mean that that the citizen of that country should not even have control over their funds/money and acceptablity etc. If the currency is truely boaderless he doesnt have to worry about local exchangers even.

I do believe this is only the begining of the future what the future holds, can only be witnessed in time. I do believe there is a need for one global international currency even the world powers such as china, russia and UN want this. There is an interesting article that was put out back in 2009 http://www.telegraph.co.uk/finance/currency/6152204/UN-wants-new-global-currency-to-replace-dollar.html and I think bitcoin is the answer for that.

 

How to Use Urdubit | bitcoin, bitcoin pakistan, buy bitcoin in pakistan, sell bitcoins in pakistan

Updated: Oct 14,  2014

I have seen alot of people asking around how to use this exchange to buy bitcoins. So I figured this would be the ideal time to write this tutorial. Since I have already registered with the site I wont be giving screenshots of the signup but its pretty straight forward. Just a word you dont have to be verified to start trading at Urdubit. Verification only comes in handy if you want to cash out PKR. The information that Urdubit asks for verification is strictly to comply with KYC of State Bank. We dont disclose your identity or information to anyone. The information will only be provided to a government institution if requested by them on account of fraud or terrorist activity. Urdubit wants to safeguard its customers from any illegal activity and/or scam hence the verification is required. Do take note that under current Pakistan Law you dont have to pay any Taxes for selling or buying software. Bitcoin is basically a protocol hence termed as software therefore there is no requirement to report this to any tax authority.

First Login & Verification:

After you login for the first time you are presented with a verification forum. You dont have to verify yourself to begin trading with your btc you can simply deposit or withdraw btc and also trade them to PKR by listing your order under the order book but you cant deposit money or withdraw only when you are verified. The verification is inline with State Bank Of Pakistan Guidelines.
1. Enter your correct details.
2. Hold your Original CNIC/B-forum next to your face and take a selfie. Then click on Upload button. Now select the file with the selfie. This is to verify this is indeed yours since you are not physically present there.
3. Scan or take a photo in high resolution of your Original CNIC/B-Forum up close so that the entire card is visible and then click on same “Upload File” button again and upload this picture.
4. Follow the above for the back of your CNIC and upload the third file.
5. Now scan or take a screen shot of your bill make sure its under your name if its not you have to submit the copy of the original paid bill.

Dont worry if you make a mistake urdubit will call you for your verification so please make sure the number you provided is correct.

Depositing PKR:

Please look at the down arrow as posted in the following screenshot. Clicking it will let you deposit PKR into your account

urdubit orderbook
OrderBook

If you are using the Whitedev theme you can look for the links as denoted in the following screen:

Depoist PKR Whitedev theme
Depoist PKR Whitedev theme

To deposit funds look at the down arrow as marked by me on the above screen shot. The following page will popup:

Pkr-Deposit

Similarly if you are using a the Whitedev theme a similar screen will popup asking the same information, currently there are only 2 banks listed here for deposit. At this point you just have to enter the amount and select the bank. There after you simply deposit the money in that account take a screenshot and upload it here. Since easypaisa has a limit of maximum Rs25000 per month its acceptance will be manual and on first come first serve basis. Mobicash is not currently accepted. You can call urdubit or email them support@urdubit.com for manual easypaisa details.

After the funds have been deposited please upload a screenshot or the picture of the deposit receipt via the system. To do this first click on My deposits look for arrow with number 1. Then you will see the deposit request as denoted by arrow 2 and then click on Send receipt as denoted by Arrow no. 3. Once you click on that the system will ask you to upload the screenshot or picture of the deposit receipt that you took. Just upload it and wait. Urdubit has a process of 1 business day to realize deposits.

pkr-deposit-recipte

 

 

Send Screenshot
Send Screenshot

Depositing BTC:

Depositing btc or bitcoin into your urdubit is almost as easy as adding PKR. The biggest advantage for bitcoin lovers here is that they can deposit and withdraw btc anytime even without verification. You can anonymously trade bitcoins after depositing them and cashing out via btc. Hence its a safe haven for bitcoin trades that want to just use pkr as a trading pair with bitcoin.

Step 1:
Click on the button as pointed to buy the arrows:

btc-deposit

 

For whitedev theme the following screen will showup:

Whitedev
Whitedev

 

Step 2:
Important thing to note here is that you have to generate a new address every-time you want to deposit funds. Please do not send bitcoins twice to the same address as the system wont realize it and it is very difficult to realize them. Once you click that button the following will appear:

btc-deposit-first

Step 3:
Clicking Yes will generate you a QR code to scan through your cell phone and also give you the wallet address please see image below:

 

 

Wallet
Wallet

Deposits are fully automated and will appear in your wallet once the network confirmations are done. To check the status of the “My Deposit” and will show you the number of confirmations that are currently in progress.

Withdrawing BTC/PKR:

Withdrawing btc is fully automated now. To withdraw btc simply click the following button as shown by the arrows in the image:

withdraw-btc

 

Clicking on this link will give you a popup asking you to enter a wallet address. Just enter the amount you wish to withdraw (remember there is a network fee of 0.0001btc) and  address you want to withdraw. Once again I would like to remind you that this is instant and there are no reversals.

 

To watch videos:

How to use urdubit.com | urdubit