Bitcoin is the very first cryptocurrency that is a well-known worldwide. The emergence of Bitcoin stimulated the development of the cryptocurrency market and the huge variety of other digital assets that overwhelm cryptocurrency exchanges today. Bitcoin is the first currency globally that does not depend on any central government, bank, or state. As of early May 2022, the BTC USDT rate is about $31,6. In spring 2022, we can see that the bitcoins price moves downward.
The emission of bitcoins is limited to 21 million. Experts say the last Bitcoin will be mined in 2140. Limited emission helps protect the currency from inflation. Unlike traditional currencies, digital money cannot be printed massively, as banks do it when implementing mitigation policies. The scarcity and limited number of Bitcoins increase its price. Bitcoin shows growth in the long term, which allows us to call it the most promising investment asset confidently.
Now that we found out what are bitcoins let’s see how to earn them.
Ways to receive bitcoins
Here are the ways to become a BTC owner:
- Mining
- Trading
- play2earn games
Mining is the process of creating new blocks in the blockchain by solving complex mathematical tasks, performed by high-tech equipment using special programs. It requires large investments – mining each new block becomes more complex and needs more expensive equipment over time. Mining Bitcoin at home has long been an outdated way to get coins since enormous equipment costs.
How to earn bitcoins without considerable investments in equipment? Trading involves buying and exchanging cryptocurrencies on exchanges. Large platforms, for example, Binance, WhiteBIT offer a list of digital coins and cryptocurrency pairs.
You can also earn Bitcoin by playing play2earn games. It is a new type of online game that allows players to receive digital currencies and NFTs while playing. The play2earn industry is rapidly gaining momentum with the advent of NFTs and Metaverses. All this positively affects the cryptocurrency market and attracts more and more users.
Even though the BTC rate has reduced in the first half of 2022, Bitcoin is still considered the most reliable cryptocurrency for long-term investments. Take a chance to buy BTC at a low price to gain a fortune when the rate boosts.