Although there is still a lot of interest surrounding cryptocurrencies, many people do not want to buy the assets directly due to the fears and dangers associated with these assets. Many people would rather invest in them in ways that do not put them or their investments in danger. If this sounds like you, here are a few ways you can do this. The best high-yield savings accounts have their own interest rates, which are generally higher than that of traditional savings accounts. As with any type of investment, it’s important to compare different banks and accounts before settling on one.
Crypto Exchange Trust Funds (ETFs) have remained a great way of investing in the future of cryptocurrencies. Futures allow you to invest in an asset without buying it directly, and this also applies to cryptocurrencies.
To get started, you enter into a contract to sell or buy an asset in the future at a certain price, not taking into account the trading price at the time of entering into the contract. With crypto futures trading, the underlying asset is a cryptocurrency like Ethereum, Bitcoin, or any other cryptocurrency.
Buying Blockchain Shares
Another way is to buy cryptocurrency stock. The biggest cryptocurrency exchanges have already gone public which means you can buy their shares. Buying shares in these companies means you are investing in cryptocurrencies indirectly and every gain in the market will reflect in your investment. As with buying any company shares, everything that happens with the company and the cryptocurrency market in general, be it positive or negative, will affect your investment.
Mining stable coins like Bitcoin has become much harder in recent years as the number of miners has increased and the price of cryptocurrency has fallen. However, cryptocurrency mining can still be profitable if you are willing to hedge using altcoins with great potential.
An additional benefit of going with these altcoins is that mining difficulty is quite low, so you don’t need the expensive ASICs that are required to mine Bitcoin. Some of these altcoins have such low mining difficulty that you can mine them on your laptop.
Before you start mining, though, you need to check whether the coin(s) you choose will be worth it. You can start by checking how they compare against Bitcoin, fiat currencies, and other cryptocurrency tools like The Crypto Converter and using historic graphs to see where they could potentially go.
Credit Card Rewards
Another way to own some cryptocurrency is through cashback rewards. Using cards from certain companies rewards you with some cryptocurrency instead of cash as it used to be in the past. Most of these cards are issued by cryptocurrency startups and exchanges.
In some cases, you might choose to not be rewarded with crypto directly but instead be rewarded with it when you redeem your rewards. Your rewards might seem insignificant at first but using the card more means they keep adding up and they can do so quickly. Also, depending on the crypto reward, the final amount might be much higher than if you took a cash reward.
Recent happenings in the crypto world might have put you off from investing in these digital assets, but some see this as a great time to invest in them one way or another. If this sounds like you, the alternative investment options mentioned above should work.
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