Home Cryptocurrency News Earn Bitcoin How Can You Really Earn, Buy and Spend Bitcoins and Ethereum? Here Are The Best Ways

How Can You Really Earn, Buy and Spend Bitcoins and Ethereum? Here Are The Best Ways

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Bitcoin and Ethereum have mostly become known for their potential to gain (and more recently lose) value very quickly. But if, as their proponents suggest, they are set to become standard units of currency for a digital age, they have to be useful beyond merely acting as vessels for speculative investment.

Adobe Stock

Adobe Stock

Real life currencies can be spent on goods and services, traded for other currencies, and acquired as payment for work.

Slowly but steadily, cryptocurrencies – particularly the two largest – appear to be acquiring these properties. Here’s a look at some of the different doorways into the crypto economy. Before we go any further I just want to reiterate that investing in cryptocoins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment.

Buying Bitcoins and Ethereum

This one isn’t difficult! There are plenty of places out there offering to sell cryptocurrencies, particularly Bitcoin, in exchange for hard-earned fiat (government-issued) currency.

For the purposes of this article I am going to ignore platforms which only allow the buying and selling of cryptocurrency-based derivatives – this is for people who want to take ownership of actual coins (with all the security risk which this entails).

Broadly speaking, they can be categorized as either exchanges, or peer-to-peer markets.

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Cryptocurrencies like Bitcoin and Ethereum have mostly become known for their potential to gain (and more recently lose) value very quickly. But if, as their proponents suggest, they are set to become standard units of currency for a digital age, they have to be useful beyond merely acting as vessels for speculative investment.

Adobe Stock

Adobe Stock

Real life currencies can be spent on goods and services, traded for other currencies, and acquired as payment for work.

Slowly but steadily, cryptocurrencies – particularly the two largest – appear to be acquiring these properties. Here’s a look at some of the different doorways into the crypto economy. Before we go any further I just want to reiterate that investing in cryptocoins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment.

Buying Bitcoins and Ethereum

This one isn’t difficult! There are plenty of places out there offering to sell cryptocurrencies, particularly Bitcoin, in exchange for hard-earned fiat (government-issued) currency.

For the purposes of this article I am going to ignore platforms which only allow the buying and selling of cryptocurrency-based derivatives – this is for people who want to take ownership of actual coins (with all the security risk which this entails).

Broadly speaking, they can be categorized as either exchanges, or peer-to-peer markets.

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