Unless you have been living under a rock for the last few years – let’s face it, no one would blame you for such a lifestyle judging by the chaotic nature of the world today – you couldn’t help but notice the astonishing rise of crypto. To the untrained eye, it seems like Bitcoin and other popular digital currencies have exploded onto the scene, taking the financial world by storm and allowing users to purchase just about everything, from bills to cinema tickets, investments to fishing tackle. Paying for a meal at a fancy restaurant or making predictions at a major online bookmaker like mybookie. There’s more going on than you might think.
There’s no doubt we are living in exceptional times regarding how we spend, save and invest our earnings. But crypto is no flash in the pan or overnight success story. It’s not the recent craze that will die out and disappear as quickly as it surfaced. No, we all have to learn to live with crypto, but there are rewards for those who aim higher—everyday citizens like you or me who aim higher than simply living with crypto but embracing it.
Know the basics
Learning the basics and building your understanding of how it works, knowing where you can purchase Bitcoin, how to save it, when to buy and when to sell. It’s those people who will benefit most from the early days of crypto. Getting up to speed on Bitcoin from a standing start is no mean feat, but you have time on your side, and you haven’t missed the bus. Not yet, anyway. There are still plenty of reasons to get involved. That’s where this article aims to come in handy.
Our team of content writers and crypto enthusiasts want to help get to the front of the crypto queue by explaining three simple and inexpensive ways to deal in Bitcoin and other major crypto tokens. By the end of this page, you will have a better understanding of the options available to you when starting out on your adventure to explore digital currencies.
You may think that crypto doesn’t concern you or that it’s for multi-millionaires to grow their already substantial wealth, perhaps even at the expense of inexperienced traders. Nothing could be further from the truth, and the more you dig into the world of crypto, the more visible it becomes. You will start to notice just how many markets Bitcoin is involved in. You’ll then start to notice ways in which you can use this to benefit you financially.
Shopping
You will notice an increasing number of online shopping apps are now accepting crypto. At present, most will only deal in Bitcoin and, perhaps, some of the other major tokens like Cronos, but the numbers are growing. As crypto continues to become more popular and visible in everyday life, more established, secure and trusted tokens are being accepted. Major e-wallet PayPal announced their site is to start accepting Bitcoin, allowing you to deposit funds, purchase items and make withdrawals.
You can even receive payment in crypto. Let’s say you are selling a car – for example – and are offered the asking price, but the buyer wants to pay in crypto. Just a few years ago, that would have been a red flag for most, but not anymore. Payment can be made at the click of a button with the funds transferred to you as quick as a flash. The latest online security measures protect all transactions.
Sports
If you love major sports competitions, such as the English Premier League, you will see more big clubs are now dealing in crypto. This comes in many forms, like shirt sponsorship, the renaming of a stadium or even matchday advertising. Some of the world’s biggest names, such as Manchester City, even have their crypto tokens available for fans to buy and deal in.
Gaming
Esports sites allow you to pay for games, join competitions and make predictions, all with Bitcoin. You can join a fantasy football league, place a bet on the winner of the World Cup or even receive profits in Bitcoin. This is seen as the modern way to enjoy gaming from home.