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vecyne
Nickel Bitcoiner
Nickel Bitcoiner
Posts: 82
Joined: Thu May 16, 2019 1:27 pm

What are the best ways to earn Bitcoins?

Thu Oct 08, 2020 12:59 am

How to earn Bitcoin genuinely online?

There are three main ways to get bitcoin: 1) buying bitcoin, 2) earning bitcoin, and 3) mining bitcoin. I’m going to do a comparison of each of these so you can decide which one is best for you.

Buy bitcoin

Buying bitcoin is arguably the most well-known way to acquire bitcoin, and among the quickest to get started. You can either buy bitcoin in-person using a website like LocalBitcoins.com, or you can sign up for a website such as Coinbase which makes it easy to link your bank account or credit/debit card to purchase bitcoin. Even companies such as Square are experimenting with adding the ability to buy bitcoin from within their app. Depending on where you live, there is likely a local cryptocurrency exchange you can sign up for which will allow you to exchange your local government currency for cryptocurrency.

The verdict: Overall, this is a great way to acquire bitcoin if you are willing to spend money. While in some cases account verification and approval can take a while, once you’re verified and have linked your bank account, purchasing bitcoin is quick. On the downside, you actually have to invest money to acquire the bitcoin, and governments may make it hard for you to purchase bitcoin as seen in Hawaii, China, and other regions where regulation of bitcoin has taken hold.

Earn bitcoin

Earning bitcoin is an attractive alternative to buying it because you don’t have to spend your money to acquire bitcoin. Instead, you can earn it for your time. One of the easy ways Learn more click here: https://bit.ly/33E068q

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