You Can Invest Your Crypto Wallet
Now, this is one method that anyone with cash to spend should consider. You don’t have to invest everything in these methods.
You can always add some coins to your wallet and then open up an account in your bank/credit card or even at any online store as well.
This method is quite safe and secure. This method is also known as “cold storage wallet” helps you in safeguarding your funds.
Use Bitcoin ATMs
Now, this is another method that can be used as well. You can purchase bitcoin in bitcoins in one-time payment mode by making use of BTC ATM.
The only problem with using BTC ATMs is that you need to know about bitcoin ATMs while they are available in various countries across the world but in India, you can access them easily.
Most banks nowadays allow Bitcoin ATM by providing low-interest rates. Some banks like the National Bank of Pakistan offer their customers Bitcoins ATMs.
And if you want to make more income with your crypto wallet than by investing
then you should look for Bitcoins ATM. There is no better reason to choose a
bitcoin ATM as compared to traditional banking services.
Bitcoin Investment Services
Now, this is the best method to go within case you want to make some extra money from buying cryptocurrencies to pay off debts.
If you already have some savings and debt then investing your funds in the crypto asset is the only option that you can follow.
As we all know that when you have a loan than many times you become unable to pay your bills.
Therefore, investing in your bitcoin currency can provide you with a reliable source of funding that could help you pay your tax arrears as fast as possible, without losing your life savings, which would otherwise, not only affect your daily life but could also lead to your death.
It’s crucial to know that investment has its risks associated with it. That’s why so far those investments have proved to be lucrative and profitable in the past too.
And this is a simple process that you can pursue by using a bitcoin
finance app or platform.
Investing in Digital Currency
This method is used by the majority of people as well, as the most successful businesspersons use digital currencies.
Many people use crypto assets as a hedge against risk and volatility and try and protect themselves or others from falling victims.
Nowadays digital currencies are being regulated a lot, including
cryptocurrencies. Thus, it’s advisable to invest your hard-earned money in
cryptocurrency as it has numerous benefits for you.
Coinbase Exchange
Coinbase is considered the largest cryptocurrency exchange. Many traders and investors are now opting for coinbase to trade cryptocurrencies.
They are offering a free deposit & withdrawal facility, live chat support, and an advanced security system.
Coinbase is also rated Number 1 Blockchain Company in the USA by NITI Aayog based on several factors like regulatory compliance, customer service, speed.
The most recent survey report by G2 named Coinbase as #1 Best Online Brokers
2021, while Coincheck as ‘Best Hardware Ledger Technology Provider for 2020’.
Coinbase is owned by MetaTrader Inc. also founded Bittrex in 2013 and launched Kraken earlier that year.
Currently, over 5 million registered accounts have been opened on coinbase alone. This means that almost everyone is investing in it.
Many new users enter coinbase every day and try to get a few coins to earn more rewards.
Even though, some people lose their money after trying to withdraw money from coinbase; however, since Coinbase has more than 300 million registered accounts, their total losses are negligible.
Their main aim and goal are to
build and expand the ecosystem with multiple partners and partners, which
includes a large financial institution, retail investors, blockchain, fintech
start-ups, etc.
Coinbase Paypal Integration
Alongside this feature, Coinbase is starting its partnership with the PayPal app, which has enabled them to receive payments from merchants and users via email.
At present, the features mentioned above are still available, but you can request additional features and make changes to them by connecting with your existing PayPal account.
This is also a great feature to keep you away from conventional banking apps that might offer similar products.
Coinbase Cash App
The Coinbase Cash app is one such product that helps you to convert your bitcoins easily to cash. This feature, unlike conventional bank lending apps, does not involve any KYC requirement, as it just allows you to lend and earn interest for your invested dollars.
All you need to enter your password and then wait for the verification process. Once you complete your verification process, you can set up different types of transactions as well.
For example,
you can create a mobile application to track and automate your trades so that you won’t have to do it again.
Also,
the platform enables you to deposit bitcoins directly within your Coinbase app
account. This feature can be particularly handy for beginners or regular
traders.
Coinbase QR code Scanner
After scanning the bitcoin QR code, there is a small reward that can be converted into actual fiat money, depending on how much you held. And it's available to both Android and iOS devices.
Coinbase Rewards Program
Coinbase provides a reward program that allows you to earn cryptocurrencies back by depositing coins to your debit cards or bank accounts.
By earning coins, you can buy things that seem to be expensive, for example, gold online, cars, houses, etc.
This reward program is available 24/7 and is completely anonymous. You will never know which Bitcoin you will earn next, although you know that you will get back whatever you deposited in the form of cryptocurrencies.
However, once
you withdraw coins from your bank account, you will have no idea where you
might be putting your precious coins.
Bitcoin Rewards
Bitcoin Rewards is yet another reward program that gives real monetary rewards to early adopters.
Anyone who deposits bitcoins into a co-base wallet will automatically receive 15% of their coin balance, as soon as they get their hands on Bitcoins.
This reward program is extremely helpful in terms of encouraging users to try cryptocurrencies in the first place as well as creating a demand for Bitcoin.
Also, this reward program provides incentives in terms of high commissions and bonuses.
Another interesting feature is that anyone who wishes to try crypto is
recommended to enroll at coinbase.com, with which you get paid up to 50%
commission to participate in our latest rewards program, coinbase.org.
Bitcoin Reward Programs
This reward program provides a fixed amount per month for each transaction made towards buying Bitcoins.
Every new purchase gets you rewarded with a reward amount ranging from 0.25 bitcoins to 2 bitcoins which is calculated over 12 months.
The monthly limits are set by the Reserve Bank of Australia (RBA) and every user will be paid according to the accumulated coins.
This reward program is open and unregulated which makes it safer to join this program. Also, the minimum number of transactions that you should send Bitcoin is 0.001 BTC however 0.01 BTC is considered as a maximum.
These reward levels are subject to change.
Below is a list of the minimum reward required:
- Coinbase — 0.0001
- Bitcoin exchange — 0.0001
- Kotoken — 0.0008
- Foursquare — 0.0008
- Hex — 0.0008
- Loom — 0.0900
- MXR — 0.0900
- billion USD — 0.0900
- Bitcoin Standard — 0.0900
- Litecoin — 0.0900
- Dogecoin — 0.1004
- Doge — 0.1004
- GDAI — 0.1004
- Litecoin – 0.1004
There is no fee
charged in this reward program, so the only thing that you need to do is check
and verify yourself on coinbase and download them on Flipkart before purchasing
Bitcoins.
Note: All these reward
programs are entirely voluntary and user-based reward programs and you can either sign up at coinbase.com.
The only downside of reward programs is that you can earn reward money even if you have zero coins.
Thus, there is a high possibility that you will end up getting your reward money back as late as 30 days after depositing your Bitcoins.
So try your best to check the accuracy of the reward system before making it into full use.
Crypto Exchange
This site contains 100s of highly skilled professionals that actively assist traders with their journey.
Apart from trading, cryptocurrency holders can avail other professional and educational resources. The company boasts itself as the biggest resource portal dedicated to a global market.
Since its launch, it has recorded a tremendous growth in sales and has attracted thousands of customers from around the world.
Unlike many other exchanges worldwide, Crypto Exchange is built into the popular Ethereum blockchain.
Its decentralized blockchain ensures transparency and trust between traders, buyers, and developers.