Cryptocurrency, spearheaded by the first of its kind, bitcoin, is this generation’s economic revolution. Bitcoin has grown in leaps and bounds since its humble beginnings in the late 2000s, inspired by the financial crisis of the early 2000s.

There had to be a better financial model than the old one, which could crash because of a few irresponsible people at the top of the economic food chain. It had to be decentralized, self-regulated, and protected by complicated and fundamental principles that ensured mischief was not rewarded and due diligence was.

Bitcoin was founded on these principles, and around 13 years later, it’s performed near miracles. Today, its popularity has reached a point where searches for things like “bitcoin machine locations” and “bitcoin ATMs near me” dominate Google and other search engine popularity lists. Crypto has ATMs and people want to know where they are.

Whether you’re investing in bitcoin as a long-term, short-term, or medium-term strategy, the goal is to make money.

Ultimately, we all want to make good money from crypto, and we’ll be looking at how to do this. After all, what good is Googling “bitcoin machine locations” and “bitcoin ATMs near me” if you don’t have any money to deposit or withdraw from the machines?

Bitcoin Versus Fiat
A great way to understand how to make money from bitcoin is to look at bitcoin concepts compared to their most similar fiat currency counterparts.

Here are four of them.

Storing Crypto in Software Wallets

One way to “carry” your crypto around is in a software wallet, also known as a hot wallet. Then, the crypto is on hand and ready to spend. This would be like carrying cash around in your wallet or having your debit card on hand in fiat terms.

Keeping Crypto in Savings Protocols

Yes, you can earn interest on crypto, and many people don’t know that. While crypto naturally fluctuates in value, you can also guarantee specific percentages of interest when you store your crypto in a savings protocol. This would be the equivalent of having a savings or investment account at a bank and earning interest.

Using Crypto ATMs

Our example of the search popularity for “bitcoin machine locations” and “bitcoin ATMs near me” was intended to demonstrate how far Bitcoin has come into the mainstream.

Cryptobase ATMs are one of the most direct links between fiat currency and cryptocurrency in that they offer the same withdrawal and deposit functions. You can either deposit cash for crypto or deposit crypto for money

Trading Tokens on Exchanges

If you’re more into the exciting and potentially profitable speculation game and love trading stocks, then token trading exchanges are for you. This is the virtual version of the stock exchange, where crypto is bought and sold for profit. To make money in this way, you need to know what you’re doing,
and we recommend you do your homework first.

Besides exchanges and the interest you can earn from savings protocols, there are several other ways to optimize your profit when investing in bitcoin. Let’s take a look at two of them.

Lending and Borrowing
One way to get fast money from crypto is to use your crypto as collateral to earn cold, hard cash or lend more crypto. Several crypto exchanges facilitate these transactions. You could also do the lending yourself and make money from the interest you earn from the lender.

Buying and Selling
This is the traditional and most obvious way to make money from bitcoin. You wait for the price dips, buy your coins, and play the waiting game. When the time is right and you feel your profit would justify cashing out, you sell some coins and hopefully make some money.

While new crypto is often volatile and might be a risky investment, coins like crypto are solid investments. This is because the regular fluctuations you might see on a daily, weekly, and monthly basis are insignificant compared to the constant and extremely high growth rates over a year, two-year, or five-year period.

Cryptobase ATM

We mentioned crypto ATMs earlier, and you might have Googled the phrases “bitcoin machine locations” and “bitcoin ATMs near me” after reading about how popular they are. Cryptobase ATM’s have been seeing a rise in popularity.

A Cryptobase ATM in Your Store

Bitcoin ATMs are becoming extremely popular ways to get cash for crypto, and they’re one of the most reliable and discreet ways to buy bitcoin. As a business owner, you can cash in by hosting a bitcoin ATM in your store. All you need is the space to place the machine.

Bitcoin ATMs are becoming extremely popular ways to get cash for crypto, and they’re one of the most reliable and discreet ways to buy bitcoin. As a business owner, you can cash in by hosting a bitcoin ATM in your store. All you need is the space to place the machine.

Category(s): News