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Cryptocurrency for Beginners

How to GET Bitcoin in 2024? 7 Most Proven WAYS

3 min read
There are fast ways and easy, however there is always a trade off: the faster you need them the higher it is going to cost and smaller the budget the longer its going to take.

How to get Bitcoin

Do you want to get Bitcoin but don’t now how?
Are you confused with all the information out there and at the same time want to get a good deal.
Do you need the bitcoin now or are you on a tight budget?

How to get Bitcoin

To get Bitcoins you can Buy Bitcoins, you can earn Bitcoins or you can create Bitcoins.
The best option for you depends on your time and budget.
There are fast ways and easy,
however there is always a trade off:
the faster you need them the higher it is going to cost and smaller the budget the longer its going to take.
When you’re just starting out you might just be interested in getting Bitcoin fast but if you want to be respected in the cryptoverse and become a serious player, you should definitely learn how the professionals are bringing in the bitcoin.

1. Buy on BTC Crypto Exchanges

You can skip this step if you have already bought your first Bitcoin.

Step 1: Get a wallet to store your Bitcoin.
Cryptocurrency wallets have a receive and send address also known as public key and private key.

The private key is like the username and password of your wallet whereas the public key is similar to the email address your give out to receive email.

Related Article: Public Key vs Private Key

 

Step 2: Buy your first bitcoin at Coinmama or Coinbase.

Note:that just like the dollar or Euro, you can buy part of Bitcoin for example: 0.05 BTC).

Step 3: Provide your receive address or public key.

Protip: Never keep your Bitcoin on crypto exchanges because they are they favorite targets of hackers.

 

2. Cryptocurrency Trading

Crypto trading is a great way to accumulate Bitcoin whatever the trend.

However, mastering Bitcoin trading requires technical analysis trading and years of looking at charts.

Crypto trading is a great alternative for non-techies who don’t want to do Bitcoin mining or other cryptocurrencies.

 

3. Get paid in Bitcoin

We tend to forget that Bitcoin was created so we could send and receive value from anywhere around the world instantaneously.

This is also a faster and cheaper alternatives to banks.

If you are a freelancer or have an online business, this is a potentially interesting option.

The truth of the matter is bank transfers are expensive and take a long time and Skrill or Paypal don’t support all countries.

For this reason, many employers are opting to pay their team in cryptocurrency.

With all the startups which have raised millions during the ICOs they have a lot of work to offer.

Popular job posting on Upwork.com:

  • Content Writing
  • Copywriters
  • Whitepaper writer
  • Marketing experts
  • Community managers
  • PHP or Java Developpers
  • DAPP Developpers
  • Mobile Developpers
  • Video producers
  • Graphic Designers

If you are a content writer, have a support background or even programming background, there are quite a few number of clients on Upwork looking to pay in Bitcoin.

 

4. Mining

Bitcoin coin generation is halved every 4 years and mining difficulty increases as more players come onto the market despite more specialized equipment.

Another problem with Bitcoin Mining machines, also know as ASIC miners, is they they can only mine one type of coin which makes them a very high risk investment.

Though it was profitable to mine bitcoin on a computer in 2010, you definitely won’t earn anything mining from a computer 10 years later unless you plan to create a mining farm.

 

5. Selling products for Bitcoin

Selling products online for crypto is not new, however, it IS VERY UNDER-RATED.

Remember that you can send bitcoin to anyone around the world instantaneously.

You can sell products on market places like Overstock.com or Openbazaar.org.

This set up works well if you like electronics such as video games or computer parts because gamers. You also get access to a broader oversees market.

The BIGGEST advantage I have been hearing from merchants is that they do not need to worry about refunds.

Credit Card purchases tend to get a 10% refund rate which is quite a budget for online companies.

 

6. Referral Programs

An affiliate program is where you market a product and get a commission or referral on each time the person you recommended makes a purchase.

 

How do referral programs work?

When you apply to an affiliate program, you are provided with an affiliate link, when someone clicks on the link, cookies are added in the users’browser for a certain period of time until they purchase the products.

For example Amazon’s cookies stay 24 hours in the user’s browser.

Affiliate programs are great if you already have a huge audience but what what you don’t want to do is spam every group out there- This is a big no-no.

Popular Cryptocurrency Affiliate programs

  • Binance
  • Coinbase
  • Bitpanda
  • Shapeshift

 

7. Bitcoin Faucets

The first Bitcoin Faucet was created by Gavin Andresen in order to distribute bitcoin and educate the public.

How do bitcoin faucets work
They work similar to bounty programs except you do less to do even less.

 

Example of tasks required by faucets

  • Providing your email address.
  • Clicking on ads.
  • Accessing a website once a day.
  • Each ‘task’ rewards you around 2-3 cents and faucets also require users to meet a minimum threshold in order to be eligible which is around $5-$10 including transfer fees.

Most Faucets are scams though

They usually entice users by opting in by offer $1 worth of Bitcoin.

They are know that you won’t be entering your email to weird websites once a day two thousand days in row.

Faucets are not a serious way nor sustainable to earn bitcoin and most of these websites contain a lot malware.

There are so many better paying jobs on websites like upwork or freelancer.com where you will be better paid for your talent.

8. Bounty Programs

Bounty hunting is when you get offered a reward in exchange for completing a task.

The most common bounty programs are among ICOs, where tokens are offered in exchange for a social share.

This is a great way to earn cryptocurrency if you already have a large audience.

How do you actually get bitcoin if you are being rewarded tokens?

The idea is to sell the tokens in exchange for bitcoin once the reach the exchange.

 

Where can to find bounty programs

Most ICO bounty programs can be found:

  • Bitcointalk.com Forum (Bounty Section)
  • Blockchain Facebook groups (the real ones not spammy ones)

Advantages of Bounty Programs

  • Little effort if you already have a huge following.
  • Airdrops which means they reward you tokens for your loyalty.
  • Some tasks require .

Disadvantages of bounty programs

  • Not all tokens make it to exchanges.
  • Your friends and family might get upset if the project fails.
  • 99% of startups fail.
  • It is becoming very difficult to get tokens on exchanges due to regulations.
  • Founders sometimes dump all the tokens as soon as they reach exchanges.
  • Tokens are usually worth a few cents when they first reach exchanges.

If you want to earn ‘real money’ instead of a few dollars and some tech skills, there are is a high demand for locating bugs in exchange for bitcoin.

High Paying Bounty Programs

*By real money I mean large amounts of bitcoin 

 

Final Thoughts

Remember that Bitcoins are a currency and to buy them requires to going through financial companies.

The faster you need the BTC, the more it is going to cost you.

If you do not own bitcoin, I would recommend buying an amount which you are comfortable with just to see how the technology works.

Once you are comfortable with the technology then you can move onto more serious solutions.

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