Bitcoin is a term that is widening its popularity with each passing day. While some traders are earning huge profits, some are facing downsides too. The volatility of bitcoin has been increasing the risks involved in trading. The value of the coins keeps on fluctuating instantly and the trader has to keep on the market continuously to avoid losses.
The increasing recognition of the cryptocurrency has been attracting a lot of investors and traders to bitcoin trading. For beginners, the main question in their mind will be how to get bitcoins. This article will give you detailed information on the ways to get bitcoins.
How To Get Bitcoins?
Buying bitcoins is not a hard task these days. You can buy bitcoins easily either online or offline. The matter lies in your decision of choosing the best platform to buy bitcoins. Here are some tried and true methods that will help you to get bitcoins easily.
- Cryptocurrency Exchanges
Cryptocurrency exchanges allow sellers to buy cryptocurrency in return for other digital currencies or fiat currencies. You can use credit cards, or bank transfers, to pay for your bitcoins. Some cryptocurrency exchanges allow Paypal payments also. For every trade, these exchanges charge a transaction fee too. Several cryptocurrencies are available in the market. Binance.US, Coinbase, Kraken, and Gemini are the most popular exchanges.
- Investment Brokerage Firms
Investment Brokerage Firms are platforms that help investors and traders to buy and sell cryptocurrencies and stocks. There are platforms like Robinhood that help retail investors in commission-free trading. They are highly popular in the crypto market. With some money and an account, you can buy bitcoins easily from these brokerage firms.
- Payment Services
Payment Services like Paypal, Venmo, and CashApp have come with new features that aid customers to hold, sell, or buy cryptocurrencies. Some platforms offer a chance to earn bitcoins on purchases made using the particular platforms.
- Bitcoin Merchants, Stores, And ATMs
These are the options for people who would like to buy bitcoins directly. For buying bitcoins directly from merchants, you can take the help of websites such as LocalBitcoins which helps to connect you to people who are ready for exchanges. Retail stores are also available for people to buy bitcoins directly. Websites like CoinMap and LibertyX help you to find the stores near you. Bitcoin-ATMs are similar to cash ATMs. Coin ATM Radar can be used to find the Bitcoin ATM near you.
Where To Get Bitcoins For Free?
There are some other ways that allow you to earn bitcoins for free if you are ready to do some tasks. Some sites offer bitcoins in return for playing some games. You can also earn bitcoins by watching some ads, taking surveys, and some other small tasks from websites. There are websites that reward bitcoins for writing about cryptocurrency and stocks for their websites. Some others offer bitcoins for reading their articles too. Thus reading and writing on cryptocurrency may fetch you bitcoins in return.