Know the 5 methods of buying bitcoins
Among the world of cryptocurrency, Bitcoin has made its name and most people rely on this platform. Bitcoin is popular online cash that can be exchanged digitally without the help of any third party. Bitcoin is now an internationally recognized currency that facilitates online transactions and trades.
Many platforms and websites nowadays allow bitcoin hosting. You can use your bitcoins to buy hosting services online. This facilitates the money transaction procedures. But the question is, how do you earn bitcoins?
Here are some ways to convert your cash into bitcoins.
Via exchange accounts –
You can directly buy bitcoins using various exchange accounts on Coinbase and Kraken. You need to enter your details, verify yourself, and register. You have to provide valid documents to prove your identity. Next, you have to add funds to these exchange accounts which get transferred into bitcoins. Basically, it is to directly convert your cash into bitcoins.
In this method, you simply buy bitcoins via peer-to-peer trading using any escrow service. You can find buyers and vendors on these platforms. You can also check out the reviews, ratings, and preferred payment methods to select the best one. This can be extremely beneficial as the price range differs from person to person. Thus, when the price range reduces and you get the seller offering bitcoins at low prices, you can buy bitcoins immediately. However, you have to be careful about choosing a reliable vendor.
Use Tether –
Interesting, tether itself is a cryptocurrency that is mainly used to buy other cryptocurrencies. You can exchange tether to buy bitcoins when necessary. Most cryptocurrency exchanges enable the exchange of tether. As the tether rate fluctuates, you can get a profitable deal if you want to buy bitcoins. You should consider earning tether if you are into online currency exchange. It can be useful if you want to buy bitcoins at the lowest price possible.
These are the most popular and easiest ways to earn bitcoins. Try out these methods but make sure that you find reliable vendors and platforms to transform your money into bitcoins.