How can you own BitCoin?
The information provided on this website and in this article does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. ICORating.com does not recommend that any cryptocurrency should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisions. Note: this is a guest post.
How can you own BitCoin?
We as humans outgrown the traditional method of payment because we have a new currency around the market, and that is cryptocurrency. The first cryptocurrency introduced in the world is Bitcoin; it is a currency that has been decentralized all over the world. The great thing about this currency is that no one can control it; any governmental department or gigantic company cannot own the currency. This makes this investment safe because no one can demolish it.
Bitcoin has changed the face of the world economy because it is a new currency used for trading, and it also had opened a number of employment opportunities. So if you have basic knowledge of cryptocurrency and blockchain programming, you can earn a big chunk of money. A blockchain is simply a public ledger book, and if you have intensive skills in programming, you can alter this book. Bitcoin is available from several resources; some are paid, and some are free. Always remember that if you pay for the Bitcoin, it is readily available with minimal efforts in many different bitcoin-revolution.
So we are going to discuss how you can own a BitCoin: -
- Buy BitCoin Online: - This method is the most used and common method to buy any cryptocurrency. First of all, you need to download a Bitcoin Wallet; this is software that allows you to securely exchange the currency. There are four types of wallet available in the market mobile, web, hardware, desktop, and many more. As you download a wallet, you need to make an account to exchange the currency in the cryptocurrency market. This wallet accepts bank transfers; there is a fee for sending the payment in the exchange. As we are paying for the currency, the currency is readily available for any kind of exchange.
- Buy The Currency in Person: - As you are buying the coins, you can readily exchange it. If you want to buy the BitCoin in person, there are many options available as well. There are websites that help you to finds a Bitcoin ATM where you can trade the coins for cash. Some Bank branches are also available, which allows you to exchange the cash deposits for the cryptocurrency.
- Play Online Games: - The most entertaining way to earn the Bitcoins is that you can earn it from mobile or online games. These resources act as faucets for the coins; there are also BitCoin casinos to bet the cryptocurrency and win. There are some famous game faucets that provide you the currency if you win. Mostly the amount of currency you can win is small, and exchanging it is also a little inflexible. So if you are good at any games, some platforms can provide you BitCoins for your exceptional performance.
- Odd Jobs for Bitcoins: - Another way that requires minimal efforts and can return you the BitCoin is doing odd online tasks. Some websites offer you task like taking surveys, visiting the website, retweeting something in exchange for BitCoins. Some websites also offer you a small s amount of coins for the best answers to their questions. Websites do this for various aims like traffic, marketing, improvements, tests, and many more. The amount offered by them is very low and sometimes inflexible to exchange. So this is not the prime source to buy the Bitcoins.
- Reading for the Coins: - Faucets mentioned above are not great for primary income because they provide you a low amount of cryptocurrency. There is some website which are faucets of Bitcoins all you have to do is read. You do not need to odd tasks like filling out the surveys or visiting the website. If you choose this method, you can read classic books and earn the cryptocurrency at the same time.
- Write for Bitcoins: - Many blogs and news outlets provide you Bitcoins in exchange for writing for them. If you have knowledge about the market and cryptocurrency, you can earn a significant amount of money.
There are many resources to get Bitcoins; in some faucets, all you have to do is simple tasks. You can also buy the currency from platforms like Bitcoins wallets. If you buy the cryptocurrency, you are provided with the efficiency of ready exchange with minimal efforts; if you are dependent on faucets, you are provided coins with great efforts.