Purchase using a banking card
This is probably one of the easiest ways to buy Bitcoin if you are not a citizen of countries like North Korea or Iran, where obtaining such a card would pose a serious problem. If that’s not the case, then all you have to do is register on a reliable cryptocurrency exchange, bind your card and transfer some fiat to that trading platform. Once it is done, you will see a certain amount of Bitcoin on your trading account, which you can use at your own discretion, for instance, start trading on a crypto exchange, hold the currency in a digital wallet, purchase a commodity or even bet on sports.
However, the downside to this method is that you would have to disclose quite a lot of personal information: name, place of residence, card details, to the third party which works against the principle of anonymity. Moreover, if you choose to buy crypto through the exchange, pay close attention to its commission policy as some of them impose hefty fees that might reach 10 to 15%.
Hardware and cloud mining
If you are a tech geek who likes to tinker with different devices and software, then you can try getting Bitcoin through mining, which means that you will be rewarded with crypto for participating in the process of verification of transactions and adding them to the blockchain. There are two types of hardware mining: the first one implies the use of a special computation device called ASIC whilst the second one involves assembling the GPU mining rig, which is basically several graphics cards that carry out computation operations. It should be noted that hardware mining is currently considered cost-inefficient because it requires substantial initial investments whilst its profitability is rather low due to the lingering Crypto Winter.
Another way of getting Bitcoin is called cloud mining which doesn’t require owning the hardware but provides for renting the processing power from the remote datacenters by the means of purchasing mining contracts.
Both hardware and cloud mining are very time-consuming, so if you want to get some crypto and turn profits quick, then this method is definitely not for you.
A total waste of time and effort. A faucet is a website that gives away tiny amounts of Bitcoin or other cryptocurrencies for performing some easy tasks like solving a captcha. One can spend the entire day clicking through different faucets and don’t make enough money to buy a cup of coffee.
If you are an avid blogger or a selfie fan, then you can make some crypto by doing what you love on such blockchain-based social media platforms like Steemit, Akasha, Selfllery, DTube, etc. The users of such platforms vote on the popular content with each vote being translated into tokens, the amount of which depends on various factors. The blogger then converts these tokens to Bitcoins via a crypto exchange and then use them as he sees fit or he can use them to boost the existing social media account.
1xBit – probably the wisest way to use Bitcoin
Regardless of which of the mentioned methods you used to acquire cryptocurrency, you would need to find a way to benefit from it. And as they say, you have to spend money to make money, or in our case – to bet money on 1xBit, the progressive platform that is totally crypto-oriented. All deposits can be made in more than 20 cryptocurrencies – same applied to the withdrawal of winnings. A welcome bonus package up to 7 bitcoins is a good reason to register on 1xBit, if you haven’t already done it, and make a bet! So, if you know a thing or two about sports and want to make more cryptocurrency fast, then betting at 1xBit is definitely the best way to go!