01 Frequently asked Questions

  • General
  • Investment
  • Withdrawal
  • Affiliates
  • What does Piggy Bank Limited do?

    The main activity of Piggy Bank Limited is earning money on cryptocurrency mining.

  • Can I own multiple accounts with your company?

    A single person is limited to a single account. Multiple accounts for one person is against our internal users policy. You are allowed to share a single IP address with others, but please note that your account should contain only real personal data, including your email address.

  • Who created a Bitcoin?

    The developer of a Bitcoin is Satoshi Nakamoto who presented his first ideas on functioning of online currency back in 2008.

  • What is a blockchain?

    A blockchain is a distributed database implemented in Bitcoin cryptocurrency or, in other words, it is a banking technology designed for cryptocurrency circulation.

  • What are the benefits of using cryptocurrency?

    Contemporary technology development raises the popularity of using electronic currency. Bitcoin is a faster and cheaper way of settlements in comparison with credit cards. Payments made with Bitcoins are the final ones and the risk of fraud is nearly non-existent.

  • What is cryptocurrency mining?

    To put it simply, cryptocurrency mining is creation of new coins as a result of carrying out mathematical calculations for transactions in cryptocurrency network.

  • How do I buy a Bitcoin?

    You can buy Bitcoins via different sources. You can purchase them online at the official website, stock exchange, via the bank transfer, by credit card and other services, for example, PayPal.

  • How do I sell a Bitcoin?

    You can not only buy Bitcoin, but sell it as well. You can do it using the same services. The easiest way is to use a special wallet with all necessary applications that in addition will help you evade paying numerous contributions.

  • Is usage of Bitcoins anonymous?

    Piggy Bank Limited sticks to the policy of strict confidentiality. That is why all personal data received from the clients during registration procedure are anonymous and are not disclosed to the third party.

  • Is Bitcoin safe to use?

    Bitcoin technology has a high level of safety. The most common issue while using Bitcoins is mistakes of users themselves, such as loss or accidental deleting of keys, etc. Piggy Bank Limited in its practice uses the most efficient ways of protection as well as insurance against theft.

  • What is a Bitcoin wallet and what are its main types?

    A Bitcoin wallet is one of the ways of keeping BTC currency. This wallet and its keys can be kept at your personal computer, laptop, etc. as well as at an online service used though the Internet. This latter type of the wallet has a number of advantages compared to the first one, such as no need to download necessary blocks of network, possibility to use it on any media, availability of additional convenient tools, etc.

  • How do I create a Bitcoin wallet with the expert's help?

    The easiest way is to use professional help and register at the Company's official website. Here you will be given a step by step description of all your further actions you need to complete and then confirm. It is important you rewrite this data again if you doubt something. Having completed all steps of registration procedure, you will enter your personal account. As a rule, your Bitcoin address is shown at the bottom of the page.

  • What is a Bitcoin address?

    A Bitcoin address is a set of 27-34 numbers and letters reminding an email a bit. With this address a Bitcoin blockchain will identify sending and receiving a Bitcoin. This address may be used by anyone (individual persons, companies, several people having a shared access to one address).

  • Bitcoin transactions: what is it all about?

    Bitcoin transactions consist of amount, sending and receiving address as well as of personal keys. A user enters receiving party's address and a personal key (if any) bound to a Bitcoin to make and confirm a transaction with the help of blockchain.

  • What is a common key?

    Every Bitcoin address has a personal and a common key. The common key helps other users send a Bitcoin to your address and confirm transaction signature as a guarantee that transaction is all right and complete.

  • What contributions are included?

    There are contributions that are paid to the miners so they could verify and guarantee safety of Bitcoin transactions on the Internet.

  • What does "unconfirmed transaction" mean?

    An unconfirmed transaction is a transaction in the network waiting for miners' confirmation. Such confirmation usually takes up to 10 minutes. Nevertheless, due to increase in cryptocurrency's popularity the confirmation time in the network has somewhat grown. If a transaction is not confirmed within 72 hours, the funds are returned to the sender's wallet.

  • Is it legal to use Bitcoins?

    Bitcoins are considered legal in the majority of legislation systems of the world. However, there are several states where Bitcoins are illegal, for example, in Equador. Prior to registration in the system you may check out general provisions on Bitcoins in your country.

  • How do I create a paper Bitcoin wallet?

    A paper Bitcoin wallet is an excellent way of keeping Bitcoins offline, out of hackers' reach. The paper Bitcoin wallet contains a personal and a common key. The most popular way of creating it is to register at the website where users get new Bitcoin addresses and a corresponding personal key. After this the website generates a request to undergo several stages of registration upon completion of which the user receives a common and a personal key. Then you will only have to print your paper wallet. Keep in mind that loosing such a wallet leads to loss of Bitcoins.

  • How does a blockchain work?

    The blockchain records all recently created Bitcoins transferred to the miners who create blocks. Blocks are the sets of sent/received transactions confirmed by the miners. Since this activity takes places within a Bitcoin protocol, the blockchain acts as an accounting of all transactions occurring in Bitcoin network.

  • Will any user be able to understand how the Company's site work?

    Piggy Bank Limited has developed a comprehensive interface understandable nearly to any user. Moreover, in case of any questions users may contact a website support service which specialists are always ready to help.

  • What are the guarantees given by Piggy Bank Limited?

    Piggy Bank Limited is an officially incorporated company. All funds invested into the Company reach their destination and are to be paid out at the client's first request.

  • What are the possiibilities of earning profit?

    The main principle of earning profit with Piggy Bank Limited lies in money investment into mining farms. These farms are located all over the world. They work on a permanent basis and the funds invested into them bring a solid income. Thus, you may actually do nothing and earn a solid income.

  • Can I work at the site in auto-mode?

    Yes, the users who have no possibility to be constantly online and follow the changes in their personal account can use a trading bot - an automatic application that fulfills the necessary tasks.

  • Production upgrading - what do you do for that?

    The team of Piggy Bank Limited consists of highly qualified experts who constantly follow up all the up-to-date developments and innovations in the sector. Having undergone the testing and approved the efficiency of the decision, we implement new methods into life.

  • What if I have questions on system functioning?

    Despite simple and comprehensive interface of the Company, there may occur situations when one may need an additional advice from an expert. In such cases you can contact the Company's online support. it is available around the clock, so your problem can be solved at any moment.

  • Where do I get the information I need?

    Answers to the most common and popular questions can be found in the FAQ section of the Company's official website.

  • Which e-currencies do you accept?

    We accept bitcoin, perfectmoney, Advcash and Payeer

  • What is the minimum and maximum deposit amount?

    The minimum deposit amount is 0.001 BTC or 16 dollars and maximum amount as per deposit 100 BTC or 1 600 000 dollars. You may have as many active investments at the time as you wish.

  • When can I request back my initial deposit?

    Withdraw your initial deposit at any point in time, after the first 72 hours have passed from the moment your investment became active. As little as a 7% fee will be applied.

  • How do I activate a deposit?

    To activate your deposit you need to get 6 blockchain confirmations. As a rule it takes up from half an hour to two hours depending on network speed and traffic.

  • How quickly can I get an income from my deposit after it has been activated?

    Having activated the deposit, you start earning income after twenty-four hours (this is the time necessary for information update); there is no difference whether it is a day-off or a working day. Income gaining is a continuous process.

  • What is the maximum number of deposits?

    Any user has a right to open as many deposits as (s)he sees fit for the work. These deposits are available for simultaneous use, which is very convenient.

  • Is there any need to invest big amounts of money?

    Each user takes his/her own decision on what amount (s)he is ready to invest. Any investment amount will earn profit.

  • How long does it take for withdrawals to be processed?

    All withdrawals are procesed instantly. For technical reasons your request may be pending. It will be treated as soon as possible, maximun in 24 hours.

  • What is the minimum and maximum withdrawal amounts?

    Minimum amount you can request is 0.001 BTC or 0.50 dollars and there is no maximum and without fee.

  • Do you have an affiliate program?

    The affiliate program is a two-level system. For each new attracted active partner you will get 5% and 2% respectively from the deposit.

  • I would like to become a Representative. What should I do?

    To acquire a Representative status you need to submit an application at the website. A representative affiliate program is an extended version of the affiliate program with 7% (at the first level) and 3% (at the second level).