Investment is highly important nowadays as you never know when you get into an emergency. There are different types of investment, but one of the most popular ones nowadays is bitcoin. Bitcoin is a great investment as, seeing its history, its value has grown a lot in the past few years. Moreover, you can also use it as a medium of exchange and make online purchases.
First and foremost, you need to know some ways to buy bitcoins. Some of the best options for buying bitcoins are mentioned below.
Online bitcoin exchanges
If we talk about buying bitcoins, the first thing that comes to mind is a bitcoin exchange. Bitcoin exchange is an online marketplace where you can communicate with several bitcoin users from different parts of the world and exchange bitcoins safely. It is one of the most popular places to buy bitcoins with cash. Online bitcoin exchanges are operated by centralized organizations that ensure the safe and smooth exchange of bitcoins between buyers and sellers. You can deposit fiat currency on the exchange and use it to buy and sell cryptocurrency conveniently.
There are several bitcoin exchanges, but you need to choose the most suitable one. One of the most important things to focus on while choosing an exchange is the order volume. Order volume refers to the amount of buying and selling orders placed on the exchange, and you must pick one with the higher-order volume.
Use gift cards
If you are fond of online shopping, you must be aware of the gift cards. Gift cards are like coupons that you can use to buy goods and services on different e-commerce websites. If you have some unused gift cards lying at your house, you can use them to buy bitcoin. There are a few websites, such as Paxful, which allows you to buy bitcoins using gift cards.
There are people who are willing to purchase gift cards with bitcoins, so these websites connect them both and allow you to turn your unused gift cards into bitcoins. You cannot find a better way to use your spare gift cards.
Find a bitcoin ATM
ATM is a common term as you must have used it for withdrawing cash with your debit card. You will be surprised to know that there are bitcoin ATMs too. You can use bitcoin ATMs to buy bitcoins using real cash. It is quite a simple process as all your need to do is deposit the cash in the machine and insert your wallet address. It will give you a piece of paper that you can use to spend your bitcoins anywhere.
The only drawback with this method is that bitcoin ATMs are not so popular, so it is difficult to find one in your area. You can use a bitcoin ATM locator to locate an ATM in your area and use it to buy bitcoins. With the increasing popularity of bitcoins, it is expected that soon bitcoin ATMs will be available in all parts of the world. If you are unable to find an ATM, Coinstar is the perfect alternative. You can deposit cash upto $2500 in it and purchase bitcoins instantly.
How to get bitcoins for free?
Faucet websites
There are several faucet websites on the Internet where you can earn bitcoins by doing some simple tasks such as filling surveys, watching a video, etc. It is one of the easiest ways to earn bitcoin while sitting in your bed comfort. There are numerous websites, so you must be careful while choosing one as there are few frauds too. So, you must check the payout policies, reviews, terms, and conditions of the website before you make your final decision. You can also earn bitcoin by trading on websites such as bitcoin profit
Ask for bitcoin payments
One of the simplest ways to earn bitcoins is by accepting bitcoin payments. If you are doing any job or task, you can simply ask the other person to pay you in bitcoins. There are several websites where you can get paid in bitcoins in return for providing certain services. It is not exactly for free as you need to do a particular task for it, but it is way better than wasting your time on faucet websites and trying your luck.