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How to get cryptocurrency

Cryptocurrency is a relatively new thing. It is still far from mass adoption, and a lot of people are confused when they get into the Crypto World. So many people have heard about cryptocurrencies, but have no idea how to get Bitcoin or earn crypto. If you have decided to become a Bitcoin owner or to find a way to get free crypto, this article will be very useful for you.

There are multiple ways to get cryptocurrency and we are going to tell you about them.

Bounty programs

The Crypto community is interested in attaining more people. There are lots of programs that help users to get crypto without the necessity to get involved in mining. The Bounty program means that a platform shares a list of tasks that users can do to earn crypto. Tasks can vary depending on the platform’s needs. For example, it can be translation bounty, call to write a comment or request for help with graphic design.

Bounty hunting is very popular now and there are even some websites and resources which help people to find this kind of freelance work. There is always a number of tasks that can be done for different cryptocurrencies.

Free crypto giveaway

In order to drive the adoption of a particular coin, its platform holds a giveaway. This means that a certain amount of crypto is sent to a list of wallets. To participate in this activity users need to create a cryptocurrency wallet and follow news of different platforms. The best way not to miss anything is to follow a number of crypto projects on social nets. You can visit these “Trezor Promo Codes” to know the latest giveaways or coupons.

Crypto faucets

Crypto faucets are another way to get crypto. These are websites or applications that reward users with crypto for small tasks. The more time a person spends on the website the more chances to catch attention and actually receive something he/she has. Usually, rewards are very small, this is why these services are called ‘faucets’, something that pours tiny rewards. It is not a way to get big amounts of cryptocurrency fast. However, this is a way to get into the Crypto World.

Buy cryptocurrency

There is always an easier way to get crypto. No need for equipment or time to complete tasks. People can simply go to an exchange service and buy crypto. To do so they need two things: a reliable exchange service and a crypto wallet to store and manage their coins.Convert ETH to BTC and vice versa and get convinced that you have stepped into secure platform site with latest sensitive data protection system to make the user experience flawless and smooth. We can recommend you SimpleSwap as it is a user-friendly, safe, and comfortable cryptocurrency exchange that is free from sign-up. The platform is available not only as a web service but also as a mobile app for iOS & Android. SimpleSwap provides two exchange types: floating and fixed rate. You can always choose the most suitable option. If you have any questions, the SimpleSwap support team will be glad to help you 24/7.

Affiliate programs

Another way of getting crypto is through a business partnership or so-called affiliate programs. An affiliate program is a type of marketing that helps to attract new customers. It is supposed that one business rewards another one for each customer that comes from this service. Such partners usually get a revenue share. There are different kinds of affiliate programs. For example, let’s take a look at The SimpleSwap Affiliate Program. To take part in this program a person should register an account and choose the most suitable affiliate tool, share a link or a widget, and get a profit.

Cryptocurrency mining

Crypto mining is considered to be one of the most profitable things in the Crypto World. Moreover, it is one of the most important parts of the Crypto World. Miners maintain the distribution of control over a network. Thus it is possible to keep the network decentralized. Their job is to verify transactions and add them to the ledger. Transactions come together in blocks, and when one block is completed, it is going to the blockchain.

Undoubtedly, miners get a reward for their work. Usually, the reward is paid in crypto that they are mining. For example, if you are mining Bitcoin, you will get a reward in Bitcoins.

There are different types of mining, but they are all united by one thing which is a requirement to share computer power.

Cloud mining

It is one of the most popular types of mining. Cloud mining does not involve miner’s computer power directly. For some amount of money, a person can “rent” a rig. Rig is a mining machine. Everything that is made (and earned) during the rent period goes to the user’s crypto wallet.

CPU mining

CPU rigs use processors to mine. This way of mining was very popular because it is very cheap and everyone who has a computer can participate in the process. Plus there is a number of algorithms that can be processed only this way. However, mining alone at a home computer is not as profitable as mining together with other miners.

ASIC mining

ASIC is a special device which full name is Application-Specific Integrated Circuits. ASIC hardware is designed with the main purpose to mine a specific cryptocurrency, so it does the job faster and better than less powerful computers. In comparison with CPU and GPU (which we’ll describe below), ASIC is far more effective and can actually bring some profit.

GPU mining

There is another way to mine crypto, It is GPU. GPU rigs use graphics cards to mine crypto. This way to mine cryptocurrency is probably the most popular one. Although it is important to understand that CPU and GPU mining are not interchangeable, one is not a more developed or improved version of the other. Different encryption algorithms require different mining technologies. For example, it is way more profitable to use GPU for Ethereum mining.

Mining pools

If cryptocurrency mining seems attractive, it may be also interesting to know more about mining pools. The most popular crypto for mining is Bitcoin. Lately, mining became a whole new industry. Individual miners cannot confront mining companies, and mining becomes less profitable for individuals. However, there is a solution to this problem. Miners come together to form mining pools. It is an opportunity to unite computing power and get more profit.

Here are the ways to get cryptocurrency, and now you know how to get free Bitcoin. Anyone who wants to become involved into the Crypto World has an opportunity to find the best approach.

There is the widespread idea that cryptocurrency is something very complicated, it’s really not that easy, but every person who has a laptop, strong desire, and a little bit of time can try to earn crypto.

Please, remember: this article is provided for informational purposes only and does not provide investment advice. All purchases and cryptocurrency investments are your own responsibility.