Many believe that the world of cryptocurrencies is only for the tech savvy out there, while it’s actually the place that is meant to empower everyone. Today, we’ll help you get closer to this space full of opportunities by showing exactly how simple it is to buy your first crypto asset—read on, and you can get started today.
Earn, mine, or buy crypto?
Let's start by discussing the most popular ways of acquiring crypto assets namely earning, mining, and buying.
Earning cryptocurrencies from scratch is the least sustainable way among the three, as it not only requires careful attention and detailed research to locate, and exploit free airdrops, but it also fails to be consistent in the long run. Another way to earn crypto is to freelance your time and skills to get paid in crypto. Hundreds of thousands of freelancers have already moved to accept "crypto-only" in their freelance payment terms.
Mining crypto can be a more reliable way than earning. Mining demands technical knowledge, and substantial upfront investment in specialist computer rigs capable of mining, which, combined, make crypto mining too big of a leap for most who are just getting started. Crypto mining in a Proof-of-Work ecosystem requires specialized gear that is able to solve specific mathematical problems, namely guessing and checking a number called nonce to get the target hash of a block. Proof-of-Stake is a tad simpler than that, as all you validators need to do is put up a certain amount of their tokens as a sort of collateral to start receiving rewards.
Finally, we arrive at buying, which is the go-to option for securing your first cryptocurrency. Buying is by far the easiest, lowest skill-cap, and most user-friendly way of the three options on our list that actually has the same results as the other two methods. With that, let's move on to where exactly you can buy your first crypto. Contrary to stocks, which can be unaffordable for many in their entirety, most crypto-assets can (read more: https://www.coinpass.com/en/blog/markets/the-ins-and-outs-of-buying-your-first-crypto)…
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