Want to get ahold of some cryptocurrencies, but don’t know how? There is a number of ways to get your hands on some Bitcoin, Litecoin, and other cryptocurrencies. Some require an investment upfront, others allow you to put in sweat equity or even enjoy the generosity of a cryptocurrency advocate.
Let’s take a look at how and where you can get cryptocurrency:
1. Bitcoin ATMs
Cities all over America are getting ATMs that allow you to deposit cash and withdraw the funds in Bitcoin. For example, Dallas currently has 27 of them installed, Detroit 44, and Washington 47. New York still leads in this race with a whopping 116 Bitcoin ATMs currently available.
2. Work For Coin Sites
On Reddit, workers can look for Bitcoin paying tasks on /r/Jobs4bitcoin, one of the largest Bitcoin job boards. BitGigs lists small tasks to complete to earn Bitcoins. There are also job boards on most cryptocurrency forums.
3. Coin Faucets
There is a number of places online where you can get a few portions of a Bitcoin or other currency once a day or more often. The amounts are small, but they’re a good way to start. Plus, coins you collect now may go up in value significantly in the future.
4. Local Meetups
Check Meetup.com to find out if your area has a Meetup for cryptocurrency enthusiasts. You should be able to find someone who will sell you some coins. Most people who attend these gatherings are passionate about cryptocurrency and want to get others involved.
Many forums and websites allow you to share your wallet ID to collect tips in Bitcoin. You can also display your wallet ID on your website if you have a blog. Some waiters also carry a QR code to collect cryptocurrency tips.
6. Accept Cryptocurrency On Your Website
Do you have a web store or perform services on a freelance basis? Add cryptocurrencies as a payment option. Freelance writers, web designers, programmers, and other professionals can all get in the game.
Have some unwanted electronics lying around? Glyde.com can help you sell them. They offer Bitcoin as a cash-out option, making it a painless way to get into cryptocurrency.
8. Buy From A Broker
There’s a number of online brokers that allow you to buy any type of cryptocurrency you wish with Paypal or a credit card. Research several to find the best rates. Many will have different exchange rates on the same day.
9. Earn Interest
Bitbond.net is a peer-to-peer lending service that makes loans in Bitcoin. Carefully research all borrowers before you jump in, though. You can also make loans with interest to friends who you know locally and ask them to pay you in Bitcoin.
10. Build A Mining Rig
Build hardware that mines Bitcoins, Ethereum, Litecoin or another cryptocurrency and you’ll earn a bit for every block you solve. Plus, TigerDirect has a section dedicated to bit mining hardware and will even let you pay for your stuff in Bitcoin.
11. Join A Mining Pool
Not interested in spending all the money necessary to buy mining hardware? Joining a mining pool instead! These services allow people to combine processing power and split the proceeds.
12. Trade In A Gift Card
Do you have a gift card with the MasterCard or Visa logo? Use those last stray dollars on a card to buy Bitcoin. Any amount over $1.50 can be transferred.
13. Get Gifted Coins
Many people who are passionate about cryptocurrencies give them as gifts. It’s a great way for a friend to dip a toe into the water. If you are gifted coins, be sure to pass it along to someone new once you are more established.