Bitcoin is currently one of the most lucrative forms of investment in today’s technology-focused world. Six months ago, 1 Bitcoin was roughly worth $10,543, but today it is worth nearly $56, 000 representing an 81% increase in price. It doesn’t take rocket science to see how lucrative the investment has become. However, despite Bitcoin surging in price daily, most people across the globe have no clue as to how it works, while a majority have not heard about it.
Nonetheless, investing in Bitcoin is not as complicated as it seems. There are various ways you can get Bitcoin easily: you can buy Bitcoin from crypto exchanges, get a loan for Bitcoin or borrow Bitcoin online. Here’s a comprehensive guide on how to get BTC easy.
Easy Ways to Get Bitcoins (BTC)
There are different ways to get Bitcoin, but the easiest way to get Bitcoin is to buy some on a Bitcoin exchange. Some Bitcoin exchanges allow users to purchase Bitcoin using credit cards, making it convenient for users. Below are some easy ways to get Bitcoin
Buy Bitcoins Online
How easy is it to buy Bitcoin? You can conveniently buy Bitcoin online on exchanges. Most exchanges accept bank transfer or credit card payments, with some even accepting PayPal payments. You will be charged a transaction fee for every trade you make. But first, you’ll need to set up a Bitcoin wallet-a software that allows you to securely send, receive and store funds in the Bitcoin network and then set up an account on a cryptocurrency exchange supported by the wallet provider. Apart from crypto exchanges, you can buy Bitcoin online on peer-to-peer exchanges, which allows you to deal with sellers on a personal level.
While it’s pretty complex, you can get some Bitcoins via mining. However, you’ll need to have the required equipment and resources, e.g., the dedicated software and hardware components. Individual mining is less profitable, and it’s best that you join an online Bitcoin mining pool.
Take a Bitcoin Loan
Another easy way to get Bitcoin is to borrow Bitcoin online. There are platforms that give out Bitcoin loans in exchange for monthly compound interest. Most Bitcoin lending platforms charge 6% for Bitcoin loans under 5 BTC and 3.2% for loans above 5 BTC. An example and one of the best lending sites is CoinRabbit. You can get a BTC loan in under 5 minutes by just following a few steps on the platform. Better still, there are no annoying loaning procedures such as credit checks and registration. Read on to find out how you can borrow a Bitcoin loan on CoinRabbit.
Other easy ways to get Bitcoin include:
- Promoting Bitcoin Affiliate Programs
Numerous crypto exchanges and Bitcoin mining pools have unique affiliate programs where you can earn BTC by promoting their products or services. This is done by sharing their link online and if other people click on that link and buy something, you earn a reward in the form of Bitcoin.
- Participating in Airdrops
Another easy and fast way of earning Bitcoins is participating in airdrops. Airdrops are basically free tokens offered when a new crypto project launches to create awareness about the project. You can research upcoming crypto projects, take the free tokens and exchange them for BTC once it’s listed on crypto exchanges. While a majority of airdrops are worthless at the start, some attract real value with time. You just need to be patient.
- Completing Small Tasks Paid in Bitcoin
Some websites pay you in Bitcoin for completing small tasks. Examples of these tasks include watching an Ad or repeatedly clicking on a website, i.e., “Pay to Click”. However, take note that the amount paid is usually small, and the tasks are time-consuming.
- Writing About Cryptocurrency
You can actually earn Bitcoin by writing about crypto projects, whitepapers, reviewing coins, or analyzing price movements. There are several blogs, news outlets and forums that pay writers to contribute to their sites. Companies are looking for high-quality content to get promoted. By writing about cryptocurrency, you can be sure to earn a steady stream of income.
How to Buy Bitcoin Easily
Buying Bitcoin is getting easier each day. The best place to buy Bitcoin easily is on crypto exchanges or peer-to-peer platforms. Simply create an account on a legitimate cryptocurrency exchange site or on a peer-to-peer platform, and follow the step-by-step instructions to buy Bitcoin. Ensure that you have a secure wallet where you’ll safely store your Bitcoins once you’ve purchased. In addition to crypto exchanges and P2P exchanges, you can easily buy Bitcoin on Bitcoin ATMs, which act like in-person Bitcoin exchanges. You simply insert cash into the machine and use it to purchase Bitcoin, which is then transferred to your secure wallet. With technological advances in the crypto space, buying Bitcoin is now easy, safe and straightforward.
How to Mine Bitcoin Fast and Effortlessly
Bitcoin miners are basically people involved in processing and verifying transactions on the Bitcoin blockchain. They then receive transaction fees in the form of newly created Bitcoins.
But how do you get Bitcoin from mining? To get Bitcoin from mining, you first need to own a mining rig. Due to the complexity of Bitcoin mining, special hardware designed specifically for mining is used. This hardware, known as ASIC (Application-Specific Integrated Circuit chips), is quite expensive but is more energy-efficient and mines Bitcoins much faster.
After acquiring a mining rig, the next important step is to set up a Bitcoin wallet, i.e., where you’ll receive your Bitcoins plus manage them. To mine Bitcoin fast and effortlessly, you’ll need to join a mining pool where miners accumulate their computing power to achieve better mining results. The mined Bitcoin is then divided amongst members based on the contributed computing power.
After acquiring a mining software, a Bitcoin wallet, and joining an ideal mining pool, you’ll need to download a mining program for your computer. The software monitors miner’s activities and enables you to manage Bitcoin mining seamlessly. Once all that is done, you can now start mining and earning Bitcoins. You can even invest by giving a Bitcoin loan and making interest.
How to Get Easiest Bitcoin Loan
If you’re looking at how to borrow Bitcoin online or how to get a loan for Bitcoin, it’s pretty easy and straightforward. Getting a Bitcoin loan is easier, faster, and cheaper than a traditional bank loan. When it comes to getting a Bitcoin loan, there are two broad types to consider:
- Using Bitcoin as collateral and receiving a loan in cash (either fiat or stablecoins) or
- Taking Bitcoins from a lender and paying back at an agreed interest rate.
Whatever option you choose, you’ll need to sign up on a Bitcoin lending site that links you to a lender and handles all the technicalities involved in Bitcoin loan processing. Besides, these sites significantly reduce the risk of getting scammed and offer an easier way of obtaining a Bitcoin loan.
Borrow Bitcoin on CoinRabbit Step by Step Instruction
Borrowing a BTC loan on CoinRabbit is a straightforward process and takes less than 5 minutes. Below are steps to acquire an easy Bitcoin loan using CoinRabbit.
1. On CoinRabbit, choose the cryptocurrency to be used as collateral.
2. Input the loan amount (Tether USDT/ USDC Coin) you wish to receive and view its corresponding crypto collateral value OR input the crypto collateral you wish to put up and view the equivalent loan amount value (Tether USDT / USDC Coin).
3. Confirm your phone number and set your USDT address where you’d like the loan to be issued
4. Send the collateral amount that you choose to the provided address.
5. Wait for the loan to be processed. After the collateral is received and everything is right, you’ll receive the BTC loan instantly.
6. After receiving the loan amount in USDT, you can convert it to whatever currency you want (usually in a 1:1 ratio with USD) and utilize the loan as you like.
After taking the loan, you can get back your collateral anytime by repaying the entire loan. That is the initial amount of your loan + 14% annual interest.
Bitcoin is undoubtedly disrupting the global traditional financial sector by offering numerous advantages that were not possible in yesteryears. Today, it’s possible to take a Bitcoin loan and pay it back within the agreed period and interest. CoinRabbit provides instant Bitcoin loans without complex credit checks, monthly payments, and maximum loan limits.