Cryptocurrency, a word that is gaining strenght every day
All started in 2009, with Satoshi Nakamoto, with a value around 0.0001 USD, two year laters the people that invest on it become very wealthy, but years keep passing and is not a great excitement to the world, some people began to enter the bitcoin world and began to see great returns of investments. Now 8 year, later 1 bitcoins is equal to $2,746.66 (at the time this post was wrote) and of course, the increase of persons trying to get 1 bitcoin is getting crazy every day.
This increase, has given an opportunity to many person to stole and scam a lot of individuals, generating some discomfort on those that are trying to get in the cryptocurrency world with some small investments and begin afraid of every opportunity it reach theirs hands.
Now, just like day 1 to the present, there are only 3 ways to get bitcoins and any kind of cryptocurrency.
- Purchase
- Minining
- Exchanging
First Base: Purchasing cryptocurrency
Purchase a cryptocurrency is one of the safest way to acquire this coins, you can get it from $1 to whatever you are looking to invest, then just keep it in your wallet and see how the trends keep going up. Regarding the bitcoin, the well knows "guru" of cryptocurrency are expecting that this year (2017) the bitcoin could rise to $5,000 and in 2020 $10,000 per coin.
If don't like to start from zero, I consider this option for yourself, purchase some coins and just wait. Here are some true places where you can purchase your bitcoins without any issue:
- Coinmama : Here you can purchase bitcoins with your credit/debit card or with cash trough your wire transfer. The minimum amount of purchase is $60.00 and once the payment is confirmed is transferred to your wallet.
- Coinbase: Here you can purchase bitcoin, ethereum and litecoins, a wallet is provided for each coin and has a bonus you will get $10.00 when you make your first deposit of $100, isn't great?
- Cex.io: Another place where you can purchase bitcoins and ethereum, worry-free, also you can trade coins, if you are into had some knowledge of stock markets. You can keep it in the wallet they provided or transfer to you personal wallet
Second Base: Mining coins
If you like to see how things grow, and you had some small you don't want to go to sky very quickly, there is mining. But what is mining? Ok, bitcoin doesn't have a central mint or treasure that produces them, so mining is the process by which new Bitcoins are generated. Special software is utilized to solve complex math problems. When the problem is solved, a block of Bitcoins is unlocked and added to the Bitcoin pool. Instead of paying for the currency, miners are usually rewarded with a percentage of the currency that they unlocked. The transactions completed by the process of mining must be verified using a proof-of-work or proof-of-stake protocol to ensure their authenticity. The process of mining helps to keep the network secure by verifying the transactions before they are added to the public ledger.
This process has two way, you can go solo or you can join others in a mining pool, where you purchase some mining power, and in the end of each day everybody got a share according the power purchased.
I definitely recommend going mining pool, because going solo is very difficult. Now you may be wondering ok where I can star mining, here are some places, al of the site mentions are super easy to star mining in just a few minutes:
- Hashing 24: Mining power start from $20.95USD and you get 100GH/s, just select the power you need and star mining. For the moment you can only mine bitcoins in this platform.
- Hasflare: Great place to mine too, you can start from $1.20USD for 10GH/s using SHA-256 that is the algorithm to mine bitcoins. In this platform, you can also mine Litecoins (that are payed in bitcoins), Ethereum, ZCash and Dash. The mining starts immediately after confirmed payment. First payouts within 24 hours.
- Genesis Mining: Another great place to mining, they had great offers for bitcoin, ethereum, litecoin, dash, monero, some coins can be mined using other coins, for example you can buy Dash power and mine Litecoins. Just one reminder with this site, when you pay the first time via credit card, you won't see payout until 31 days, this is for security purpose, but you can check you payouts in the page. Finally using this code you can get a 3% discount on your first purchase Bl7QGf hope you enjoy it.
Third Base: Exchange currency
With this process is a little complicated, because you will need a big investment purchasing some coins, and then sell them in the market, some time this exchange take place in person mostly of the time. A great site that gather all this exchangers is LocalBitcoins
Home Run
Here is the best part, because know you can see your wallet increase day by day, in a safe and secure way.
I hope you like my post and give some thumb up!
See you in the next post!
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STOPOther Cryptos are better
That's true, I'm purchasing directly small amounts of LTC, I had confidence they will begin to rise
Why not use nicehash to mine for bitcoin? Their payout is once a week in bitcoin and it automatically mines the most profitable currency at the time.
Haven't try it. Thanks