As cryptocurrencies start to get broader adoption by merchants, it is now more tempting than ever to get some Bitcoin for yourself. Maybe you want to spend BTC online, send money quickly and cheaply to someone overseas or simply fill your bags and HODL. What options do you have to get some of this crypto gold in 2022?

Via Bank Transfer through an exchange

Nowadays, the top cryptocurrency exchanges have options to deposit fiat currencies in your account through a simple bank transfer. The NiceX exchange is a great example. It makes the deposit process for EUR painless. You can top-up your account with a simple SEPA transaction and use the money to trade any of the +60 cryptocurrencies listed on the exchange!

This is likely the cheapest way to buy crypto as exchange fees are usually quite low. The process of buying BTC this way is also very similar to buying shares on the stock market or a foreign currency on the Forex market. You select the trading pair you want (BTC-EUR in this case) and open an order. At NiceX, there are many types of orders you can choose from. These allow you to have further control over your funds and help you profit off the market more easily.

For a one-time purchase of crypto, it is recommended to use a regular market order. This type of order will execute at market price immediately and you will not need to worry about anything else. If there is low liquidity in the market, you can instead open a limit order, where you will be able to define the price you want to buy/sell. You will then have to wait for your order to get filled, but you will avoid possible losses due to low liquidity.

Using your Credit Card or similar payment method

Top exchanges and crypto services usually offer ways to purchase crypto with credit cards, iDEAL, ApplePay and many other methods. NiceHash’s partner Banxa is a great example of this feature! Banxa makes it easy to buy BTC in more than 13 fiat currencies: USD, EUR, GBP, RUB - you name it.

You can place an order effortlessly by entering the details of your selected payment method and the coins will be credited in your account within a few minutes.

Bitcoin ATMs

The USA is by far the country with the most Bitcoin ATMs, with thousands available in multiple states. However, this does not mean you cannot find them anywhere else in the world. Many other countries are seeing a rise in the number of ATMs!

These machines allow you to purchase BTC on the spot, usually with cash or credit card. Rates are usually higher than other online methods, but the extra convenience may offset the cost.

Mining Bitcoin

If you do not have the cash readily available, or if you do not wish to link any of your banking information with the above mentioned services, mining is a solid option.

By opting to mine crypto with your PC you are effectively trading your electricity for coins. Most often, you will get more money from mining than what you will spend on electricity.

If you are looking to get started, NiceHash is the best place to mine. NiceHash’s mining software makes it extraordinarily easy to tune your PC for optimal profits. Moreover, you will get paid to your wallet directly in Bitcoin, so you can avoid exchange and transaction fees. You can check how much money you can make with your hardware in our profitability calculator.

Join a company that allows you to get paid in Bitcoin

There is now a growing number of companies that will let their employees choose to get paid in crypto. Although getting paid in Bitcoin may have its disadvantages, it can also be quite beneficial! If your company is headquartered abroad and you are working remotely, you will skip the processing time it takes for fiat currencies to be transacted and exchanged.

In some cases it might also be a much cheaper option than exchanging a foreign currency into your local currency. A BTC transaction usually takes around 30 minutes to be confirmed, whereas fiat transactions can take days to complete! In the end, you will be part of the important crypto adoption.

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