There is a rising number of investors because they think they can earn a huge profit by investing in BTC. Despite being known as the first decentralized currency, Bitcoin is also known for its moneymaking potential. Today there is a plethora of ways for obtaining BTC, some more popular than others. This article provides an overview of some of the less-known ways of getting BTC, along with the main options.
This was the primary way of getting BTC before the explosion of Bitcoin’s price and the rise of the popularity of cryptocurrencies. Bitcoin mining today is mainly done as a group on the network. However, due to the regular occurrence of Bitcoin halving, which is an event that takes place after 210,000 BTC are mined, the reward or for the miners is decreasing – today is 6.25 BTC. On the other hand, the competition is also rising, and the network is overly saturated with miners, which means mining is also increasing in difficulty.
On top of that, the costs related to mining, including electricity and computing power, are also a significant part of mining. Overall, Bitcoin mining isn’t that popular way of gaining BTC. Still, when conducted as a group, whether as part of mining pools or farms, users do have a chance to gain BTC, receive transaction fees, and decrease the cost of mining.
Automated Trading Sites
If you are also completely new to the world of cryptocurrencies, you will be glad to know that the latest trend in trading is automated trading. This is an effective way of earning BTC. Automated trading systems rely on Artificial Intelligence technology to perform trading and conduct thorough fundamental and technical analysis to provide the best chance for the users to earn a high return of investment. One of the top options available today is yuanpay group.
This is an automated trading site where you can sign up by depositing $250. The system can quickly analyze market data, and you can even make a daily profit of up to $800. In case you run into any issues, there is a dependable customer support team accessible 24/7 via email, phone, or the live chat feature on the site. This is another plus for anyone, especially for beginners in this field.
This is actually not such a known way of getting BTC. Freelancing is exploding and the gig economy, and you can easily find a lot of temporary jobs or online gigs. Of course, some pay in BTC.
It just makes it convenient for anyone that can’t afford to purchase one Bitcoin as its price is currently over $60,000. Hence, there are sites where they pay you to write articles or fill out surveys. However, keep in mind that you will probably be paid in Satoshis, and you will need to earn your Bitcoin over time.
Bitcoin ATMs have been around for a while, but they usually offered one function – either you can buy BTC or sell BTC. Today, as the technology is quite advanced, you can find Bitcoin ATMs that offer both of these functions. So, you can use your Bitcoin wallet and ID to obtain BTC in a physical or location. There are approximately 14,000 Bitcoin ATMs worldwide, and this number will likely explode in the future.
Due to the availability of online trading sites, Bitcoin is a highly liquid asset, but it is also more accessible than any other cryptocurrency. Furthermore, there is an increasing number of options for obtaining BTC, especially as many famous brands alongside brick-and-mortar businesses are supporting the mass adoption of cryptocurrencies.