BitShares - User's Manual
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Welcome to the BitShares - User's Manual, your all-in-one resource for navigating the BitShares blockchain.
This guide is designed to provide clear, practical information about using BitShares for trading, staking, and managing digital assets.
Table of Contents:
1. What is Bitshares?
2. Why Use Bitshares?
3. How to Create a Bitshares account
4. Bitshares Community’s
5. Trading on Bitshares
6. Assets on Bitshares
7. Staking on Bitshares
8. Claiming Free Airdrops
9. Bitshares Tools and Resources
10. Security Best Practices?
11. FAQs and Troubleshooting?
- Assets on BitShares
- Staking on BitShares
- Claiming Free Airdrops
- BitShares Tools and Resources
- Security Best Practices
- FAQs and Troubleshooting
1. What is BitShares?
BitShares is a decentralized, blockchain-based platform designed to facilitate secure and fast trading of digital assets. The blockchain supports custom asset creation, decentralized trading, and advanced financial tools, all while maintaining low fees and fast transactions.
[For more information 👇] (https://hive.blog/bitshares/@freehiveblog/what-is-bitshares-a-decentralized-blockchain-with-endless-possibilities)
2. Why Use BitShares?
-Key Features and Benefits
Here’s why BitShares stands out in the blockchain space:
Decentralization
Operate in a trustless system with no central authority.
Low Fees
With fees as low as fractions of a cent, BitShares is one of the most cost-effective blockchain platforms.
Speed
Transactions are confirmed in as little as 3 seconds.
Custom Asset Creation
Create and trade your own digital assets (tokens).
Cross-Chain Compatibility
BitShares supports trading with assets from other blockchains, like BTC, ETH, and more.
[For more information 👇]
(coming soon)
3. How to Create a BitShares account?
Your first step into the BitShares ecosystem is creating an account. Regardless of the front end you choose, all accounts operate on the same blockchain, that means you can create on one, and if you like, use on another, same username, same password.
Front End Guides for Creating an Account:
[How to Create an XBTS Account] (https://hive.blog/xbts/@freehiveblog/how-to-create-an-xbts-account)
[How to Create a BitShares Account Using the Core Wallet] (https://hive.blog/bitshares/@freehiveblog/how-to-create-a-bitshares-account)
[How to Create an ioBanker Account] (https://hive.blog/iobanker/@freehiveblog/how-to-create-an-iobanker-account)
4. Bitshares Community’s
The strength of any decentralized platform lies in its community, and Bitshares boasts a vibrant, knowledgeable, and helpful network of enthusiasts, developers, and traders. Whether you're looking for technical support, market insights, or opportunities like airdrops, these communities are where you can connect and grow.
**Top Recommended Community’s **
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- Decentraliz3 Airdrops
- This is by far the best Bitshares community, where you’ll find exclusive opportunities like free Airdrops, expert advice, and a supportive network of like-minded individuals. If you’re serious about maximizing your experience on Bitshares, this group is a must-join.
- Join now: t.me/decentraliz3
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- XBTS Community
- Focused on the XBTS decentralized exchange and related services, this group is ideal for XBTS users and traders.
- Join now: t.me/xbtsio
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- BitShares Reddit
- The BitShares subreddit is where you can find in-depth discussions, project updates, and user experiences.
- Visit now: reddit.com/r/bitshares
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- BitShares Discord Server
- An active community for both developers and users, the Discord server is a hub for real-time conversations.
- Join now: discord.gg/bitshares
Why Join the BitShares Community’s ?
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- Expert Guidance: Learn from experienced members about trading, staking, and blockchain features.
- Networking Opportunities: Connect with traders, developers, and enthusiasts from around the globe.
- Airdrops and Rewards: Stay updated on the latest promotional events and airdrops.
- Real-Time Support: Get immediate help with any issues or questions.
Stay connected and make the most of your BitShares journey!
5. Trading on BitShares
- Understanding Trading Pairs
- How to Exploit Empty Trading Pairs
- Advanced Trading Strategies
5.1 Understanding Trading Pairs
Trading pairs are at the heart of decentralized trading.
A pair like XBTS.BTC/BULLION represents how much of one asset (XBTSX.BTC) is worth in terms of another (BULLION).
For an in-depth guide:
Understanding Trading Pairs on BitShares (coming soon)
5.2 How to Exploit Empty Trading Pairs
Empty markets provide opportunities for traders to set their own prices, but they also carry risks.
Learn more in this strategy guide:
How to Exploit Empty Trading Pairs for Insane Crypto Profits *
(https://hive.blog/bitshares/@freehiveblog/how-to-exploit-empty-trading-pairs-for-insane-crypto-profits)*
5.3 Advanced Trading Strategies
Leverage advanced tools and techniques to maximize your profitability on BitShares.
Coming Soon!
6. Assets on BitShares
BitShares supports a wide range of assets, including popular cryptocurrencies, fiat-pegged tokens, permissionless tokens, user-created assets and liquidity pool tokens.
Examples of Popular Assets
- XBTSX.BTC (Bitcoin Pegged)
https://ex.xbts.io/asset/XBTSX.BTC/ - XBTSX.ETH (Ethereum Pegged)
https://ex.xbts.io/asset/XBTSX.ETH/ - XBTSX.USD (USD Pegged Stablecoin)
https://ex.xbts.io/asset/XBTSX.USD/ - DECENTRALIZED (Permissionless + fixed maximum supply)
https://ex.xbts.io/asset/DECENTRALIZED/ - VIRTUAL (Permissionless + fixed maximum supply)
https://ex.xbts.io/asset/VIRTUAL/ - BULLION (Permissionless + fixed maximum supply)
https://ex.xbts.io/asset/BULLION/
For a full directory of assets:
https://ex.xbts.io/explorer/assets
7. Staking on BitShares
Boost your earnings by participating in staking programs. Programs like SmartHolder Staking allow users to earn passive income from trading fees.
Start staking now:
SmartHolder Staking (https://app.xbts.io/#/smartholder)
8. Claiming Free Airdrops
Take advantage of free crypto rewards through BitShares’ various airdrop programs.
Current Airdrop Opportunities
BULLION
https://hive.blog/bitshares/@freehiveblog/3wdrky-how-to-get-free-bullion-tokens
CURRENCY
VISIT: https://t.me/decentraliz3
BTS
VISIT: https://t.me/xbtsio
TYPE IN COMMENTS:
givememoney:youraccountnamehere
There's also👇
- XBTS SmartHolder Rewards: Earn BTC, STH, DOGE, and more.
- Stay tuned for updates!
9. BitShares Tools and Resources
Maximize your experience with these essential tools:
- Wallets: View any wallet on chain
https://ex.xbts.io/account/youraccountnamehere - Explorer: View blockchain data at https://ex.xbts.io/explorer/blocks
For more tools, check out:
Coming Soon!
10. Security Best Practices
Protect Your Private Keys
Your private key is your access to your funds. Never share it with anyone.
Backup Your Wallet
Ensure you have a secure backup of your wallet and recovery phrase.
Use Strong Passwords
Choose a complex password and store it securely.
11. FAQs and Troubleshooting
Q: Can I use multiple front ends with the same account?
A: Yes, all front ends access the same blockchain, so your account works across all of them.
Q: What happens if I lose my private key?
A: Unfortunately, no one can recover your funds. Always back up your wallet.
For more troubleshooting tips:
Coming Soon!
The BitShares - User's Manual is your go-to resource for mastering the BitShares blockchain. Bookmark this page and check back for updates as we expand with more guides and insights to help you navigate the world of decentralized trading.