Bitcoin is undoubtedly a revolutionary virtual currency that is also one of the most sought after cryptocurrencies in the crypto market. In fact, many have compared Bitcoin to digital gold because of its value. Hence, today there are a multitude of options to get Bitcoin. Here we look at popular and reliable ways to invest and receive BTC.
One of the most popular and reliable methods to get bitcoin, especially in the beginning, was bitcoin mining. The miners have to approve a block of transactions of 1MB and in this way also solve a math puzzle. Only the first miner achieves this before the others and receives the block reward, which is actually Bitcoin token.
Bitcoin creator Satoshi Nakamoto wrote a protocol in the Bitcoin code that cuts half the miners’ reward in half when 210,000 bitcoins are mined. So the first block reward was 50 BTC, and then each halving reduced the block reward. First it was 25 BTC in 2012, then 12.5 and finally in 2020 it was cut in half to 6.25.
This is one of the main reasons Bitcoin mining is not exactly popular with solo miners, as it can be unprofitable for them to mine and it can take years to reap the rewards. In addition, competition is increasing, as are the costs of mining, computing power and electrical energy. Fortunately, there are still alternative ways to get BTC through mining, and there are mining pools and farms built on the group’s combined efforts.
This is a quick and easy way to get Bitcoin, and it is one of the factors that determine the popularity of the cryptocurrency. You will be happy to know that there are a variety of trading sites out there that have great features and technology. For example, bitqs.app is an automated trading system that trades for you with high accuracy and performs technical and fundamental analysis of market conditions and trends. In addition, you can read the in-depth trading guide for more insight into trading and how to use the right settings for your account. If you want to register on the site, you need to make a deposit of at least $ 250. In addition, the daily ROI of the platform is up to 70% daily.
The last option is Bitcoin ATMs, which have been gaining more and more users in recent years, especially as their numbers are growing too. There are currently around 14,000 Bitcoin ATMs. They work like regular ATMs, but they are connected to the internet or any kiosks also known as internet kiosks where you can buy or sell BTC. Most of the Bitcoin ATMs available specialize in one of these functions. However, there are some that offer both for their users. The main disadvantage is that you have to find a Bitcoin ATM near you. Otherwise, the transactions will run quite efficiently.
Bitcoin trust fund
This is a perfect option for institutional investors, and in fact, many institutional investors invest in BTC through crypto and bitcoin trust funds. Another benefit is that you don’t have to buy or transact BTC directly or do a lot of research on the subject as this is all taken care of by the trust fund.
This is another benefit for institutional investors who are likely to want to make a large BTC investment. Some prominent names in this space are Grayscale Bitcoin Trust, Osprey Bitcoin Trust, and Pantera Capital, to name a few. However, this is a more viable alternative for institutional investors. If you are a single investor, it will be much easier for you to make a deposit and register on the exchange platform. But that too depends on yours financial goals and conditions.