The first cryptocurrency appeared in the public domain five years ago. Since then, a lot of electronic money has joined the familiar bitcoin. But still not everyone knows what it is, how to use currency for payments on the Internet and why electronic money attracts so much attention.
Cryptocurrency is an encrypted electronic asset that is 100% analogous to ordinary money in the process of conducting a variety of currency transactions on the Internet.
Why is cryptocurrency so popular?
Universality and wide distribution. To create an electronic wallet, you do not need much time, knowledge or skills. You can do it with a regular smartphone or tablet.
No currency transaction will be lost in history. All transactions without exception are stored in the archive for an unlimited period of time.
High degree of security and the possibility of anonymous payments.
The ability to receive bitcoins with virtually no material investments.
Electronic wallets are funds that can be used to create currency savings or pay in online stores. But many users try to accumulate as many bitcoins as possible, with the expectation of earning huge amounts of money.
Ways to get cryptocurrency
All network users who have electronic wallets can accumulate bitcoin. To do this, you need to go through a simple registration process and save personal data in a safe place. The wallet can be replenished as soon as its registration is confirmed.
To get cryptocurrency to your account, you can use one of the following methods:
Mining. You can accumulate savings on your computer. To do this, you will need to create a special farm or purchase a powerful video card. The system performs complex calculations according to a given algorithm, as a result of which online savings are accumulated on your account.
Cloud connections to mining services. In this case, a certain subscription fee is provided.
You can accumulate bitcoins using electronic exchange. For this purpose, various payment systems can be used (Kiwi, WebMoney, and so on).
Since user data is reliably protected by the security system, the online wallet cannot be stolen or withdrawn from it without the user’s participation.
Since cryptocurrency is quite popular among users, today the ways to obtain it are actively developing and improving. For example, you can get bitcoins when performing certain work, as an inheritance or as a gift from another user.
How to make money on cryptocurrency?
Investments. To increase the number of accumulated bitcoins, it is enough to purchase coins when the exchange rate drops and sell online money when it rises sharply. Thus, you can earn on the exchange rate difference.
When the bitcoin rate rises to the desired level, you can exchange online coins for real money.
Exchange trading. You can play on the cryptocurrency exchange both on the increase and on the decrease of the exchange value.
Many users earn money by advising owners of electronic wallets. You can not have your own savings, but understand the system and help others to earn on it. As practice shows, such advisory services are quite well paid. Advising cryptocurrency owners is popular because it does not require capital investments, and there are no risks.