It is not easy to achieve any form of success in life if you keep a closed mind and are resistant to change. With the current technological innovations occurring, it pays to go with the tide.
One major innovation is in cryptocurrency. It is an internet-based virtual currency that acts as a medium of exchange. According to Artur Hochberg Malta, cryptocurrency relies on cryptography, which makes it hard to counterfeit or double-spend. It also uses blockchain technology, which provides transparency and decentralization.
There are many cryptocurrencies in the market, but Bitcoin was the first blockchain-based cryptocurrency. It is also the most valuable and popular.
You can engage in Bitcoin trading, where you buy the coins at a low price and sell at a higher price, making a profit. You can also invest in bitcoins, where you hold them for the long run.
To begin collecting the bitcoins, first things first, you need a Bitcoin wallet.
What is a Bitcoin Wallet?
A Bitcoin wallet is a downloaded software program that acts as storage for your coins. It similar to a physical wallet, but in this case, you will be dealing with software.
The Bitcoin wallet comes with a Bitcoin address and a secret key. It facilitates sending and receiving of bitcoins by its holder.
How to Collect Bitcoins the Artur Hochberg Malta Way
Now that you have your wallet, let’s fill it with some bitcoins.
Purchase the Bitcoins
Buying is a quick way to grow your Bitcoin wallet. You can use a cryptocurrency exchange to buy the coins. It is a market place where traders exchange cryptocurrency for fiat money or other digital currencies. There is a transaction fee for every trade you make. You can make payments using bank transfer, PayPal, or credit card.
You can also buy bitcoins in person. Use a Bitcoin ATM where you trade your cash for bitcoins, Coin ATM Radar can help you locate one. LibertyX can help you locate stores that will take cash in exchange for bitcoins. With Paxful, you will find bank branches that provide Bitcoins in exchange for bank deposits, while LocalBitcoins will help you locate individuals selling Bitcoins.
Accept it as a Form of Payment
Artur Hochberg Malta says that an easy way to grow your Bitcoin balance is by getting it as payment instead of cash. This is possible if you have an online shop or sell some form of services.
You can get paid in bitcoins for playing mobile and online games. Complete surveys or tasks on cryptocurrency websites. You can contribute cryptocurrency articles to news outlets. You can also write blog posts for cryptocurrency websites and get compensated in bitcoins.
Cryptocurrency is the future of money, the earlier you jump on the bandwagon, the more you stand to benefit. Use experts such as Artur Hochberg Malta to educate yourself about cryptocurrencies and ways to trade safely.
Get a wallet. Find online avenues to undertake various tasks and get paid using bitcoins. If you have an online business, accept payments using Bitcoins. Follow these tips, and you will steadily grow your balance.