01 Feb 2018

Invest BitShares Account

Create a BitShares Account for bitFORTUNE bitFORTUNEs

01 Feb 2018

Create a BitShares Account for bitFORTUNE

bitFORTUNEs may be purchased on the bitFORTUNE exchange. In order to access the exchange an account must be created on the BitShares platform. It is free to create an account on BitShares.

To create an account on BitShares in order to navigate to the bitFORTUNE exchange and purchase bitFORTUNEs click here.

The initial screen greeting the user invites the user to create an account or login. Select the Create Account button.

Invest Figure

The next screen prompts the user to create an account using either the Wallet model or the Account model. The Wallet model is more secure than the Account model hence select the Use The Wallet Model button.

Invest Figure

The next screen prompts the user to create an account name and enter a password.

Invest Figure

The account name that is created will be the address to send and receive funds on the BitShares platform with that account. Be sure to record your password. Select the Create Account button.

Invest Figure

The very next screen prompts the user to backup their account. Select the Create backup now button.

Invest Figure

Once the Create backup now button is selected the backup will be created and then be available for download. Select the Download button.

Invest Figure

The combination of the downloaded backup file and password constitutes a digital backup for the created BitShares account. Be sure to store this backup file and your password on an external storage device such as a USB/thumb drive. Anyone with these items may access the BitShares account created. If this file and password are lost you will never be able to access this account again nor can anyone hack this system or provide customer service for this platform since it is decentralized. Cryptocurrency is decentralization and that grants freedom, privacy and liberty. With this freedom comes greater responsibility.

It is strongly recommended here to do an additional backup that is referred to as the Brain Key backup. The Brain Key is used as source for all cryptographic keys generated in the wallet. The Brain Key and password combination may be used to regain access to the BitShares account created. The combination of the Brain Key and password also constitutes a paper backup of the account. To get started backing up the Brain Key for the BitShares account navigate to Settings by selecting the small gear icon button in the upper right hand corner of the user interface and then selecting Settings from the drop down menu.

Invest Figure

Next select Backup from the Settings options on the left side of the user interface.

Invest Figure

From the drop down menu, Choose type of backup, select Create brainkey backup.

Invest Figure

Finally enter the password for the BitShares account and select the Show Brain Key button. This action will reveal the Brain Key on the screen.

Invest Figure

Be sure to store the Brain Key and password combination on an external storage device such as a USB/thumb drive. Additionally, the Brain Key and password combination may be stored on paper and constitutes a paper backup of the BitShares account. Anyone with these items may access the BitShares account created.

Note that the instructions in this section describe creating a BitShares account using Openledger. Openledger provides a gateway to the BitShares exchange using an internet browser. The BitShares exchange may also be accessed using a desktop application that may be downloaded here.

Congratulations, you have successfully created an account on the BitShares platform. You are now among the user base utilizing one of the most advanced technologies on the planet.

Invest in bitFORTUNE

Leave a comment
More Posts
Comments