Cryptocurrencies are a popular investment asset these days, and everyone wants to have a piece of it. However, not everyone is comfortable with buying crypto assets with their hard earned money, and there are a few reasons for this.
The first is that many people are still skeptical about crypto assets being a reliable set of assets to invest in. This is because there are several stories of scams and frauds in the industry, making it difficult for investors to relax and buy into the industry. It can be difficult for such a person to buy such assets with his money.
Another reason is that many people are afraid of the volatility that characterizes crypto assets. The price of an asset can be up there now, and down there the next minute, making it an unpredictable asset class.
These, among many other reasons, are why many people would rather not spend money directly on cryptocurrencies. The good news though, is that you can actually invest in crypto assets without spending your money. Whatever your reason for skepticism, here are five ways you can invest in crypto assets without actually buying them.
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You don’t feel comfortable buying and managing your own crypto portfolio? No worries, you can buy crypto stocks instead. This works because you’re not directly buying any crypto assets, but instead investing in stocks of companies invested in crypto assets.
This way, you won’t have to actively manage a crypto portfolio, but the company manages the stocks. Ultimately, you’ll benefit from the price gains of crypto assets, and you can sell your stocks and make a profit. In all of this, you’ll not come in contact with crypto at any point.
Crypto faucets and games
Are you a fan of gaming? Then there’s good news for you. You can get rewarded with cryptocurrencies for simply playing games or using faucets. As you play games and win, you get crypto tokens as reward, and this can add up fast, giving you a decent portfolio without spending a dime.
Crypto faucets are even easier to use. You simply visit a website and spin a digital wheel, or carry out a few tasks for which you get crypto rewards. Such tasks may be watching videos, filling out surveys, or playing games. You won’t spend any money, but you’ll end up with crypto assets over time.
Trading crypto futures
Futures crypto trading is a risky form of trading reserved for pro traders. However, it is one way to earn crypto assets without spending your money. The trade involves predicting the future performance of an asset, say Bitcoin.
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If you accurately predict the price of an asset on a particular day and time in the future, you’ll get paid, without ever holding the asset. This is particularly convenient for those who aren’t comfortable with using their money to trade cryptocurrencies since there’s the risk of losing everything, should you make a mistake in your trade.
Credit card rewards
Did you know that you can get paid just for using your credit cards to pay for goods and services? There are credit cards that pay their customers cashback rewards as they spend their money in particular stores.
The best part is that you can choose to receive your cashback rewards in cryptocurrencies. As you continue to pile up these rewards, you’ll be surprised how much you can make in crypto without spending any money to buy.
Another way to invest in crypto indirectly is to mine them. This involves using computer power to help verify crypto transactions, as is the case with Bitcoin. Because of the role you play in securing the network, you’ll get rewarded with the cryptocurrency you’re helping to secure.
This is called mining, and it can be very rewarding if you have the right equipment and are patient enough. Again, you’re not buying crypto, but you’re getting it as a reward for helping to secure the crypto network.
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