BitShares (BTS) is a token that uses software protocols based on blockchain technology like Bitcoin. But what distinguishes it from bitcoin is that holders of these electronic currencies cannot receive any profit from their savings. But in the service that owns the token, there is the possibility of launching decentralized companies using the coin.

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How to "convert" a cloud wallet into a local wallet?
steps:
1. login into your account in cloud wallet mode at https://bts.exchange (if you are already in local wallet mode, e.g. your first account was created with the advanced form, unlock your wallet and skip to step 6)
2. Hamburger menu (upper right corner) - settings - accounts - view keys - " active permissions" tab - click the public key which starts with "BTS" - show private key - write down the private key which starts with "5" (around 51 characters long)
3. settings - general - change "login mode" at the bottom to "local wallet"
4. settings - local wallet - new local wallet - set a password and a wallet name - create
5. settings - restore/import - select "import a private key" - paste the private key which starts with "5" - submit . Note: this step does not work on xbts.io, please use https://bts.exchange

Now it is a local wallet which contains your active private key (check settings - accounts). (didn't import memo private key so you can't transfer…

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Don't withdraw or send BTS to addresses (actually, account names) containing "mainnet", "testnet", "network", "subnet", "promotion", "bonus", "reward" (and even "test") etc (unless you understand what you are doing), as they are likely accounts created by scammers (see https://t.me/btsWalletHelp/33461 for how to create such accounts).