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In this article, we’ll take a closer look at how you can easily get BTC without buying it on the market and wasting useful time.
BTC mining
Although at first it may seem that the operating costs of mining are relatively high, the miners show a very decent profitability.
BTC mining is one of the few ways you can get BTC without having to buy it on the market. For this reason, more and more investors are becoming involved in the mining industry.
Get BTC by cloud mining contracts
If you are an investor who does not have the option of storing mining machines, you do not want to pay for high energy consumption, then this option is ideal for you.
Among the best known companies that offer these services are Genesis Mining and HashNest. Unfortunately, the interest in their services was so high that he was able to exceed their capabilities. That is why the mining contracts were sold out.
Through these services, you have the opportunity to rent mining equipment. Of course, you pay for the costs associated with the operation. The company itself will take care of everything else, ie location, operation and maintenance. All your profits in the form of BTC will then reach your BTC wallet. Most companies state profitability in contracts, which starts somewhere around 143%. That’s a really decent number.
As you can see in the chart, a 50-month contract at 9 teraches per second currently costs about $ 1,668. At BTC $ 70,000, its profitability is expected to be 272.82%.
Crypto Lending
A much more used and traditional service that intents can use to obtain BTC without additional investment is the use of so-called lending, which offers returns on your deposits.
The best known platforms that provide lending are Nexo and Celsius. These companies basically operate on a bank basis. You can easily provide them with your funds, for which you will receive a few percent of your deposit.
At the time of writing, the Celsius platform was offering an annual percentage return (APY) of 6.2% on BTC deposits. In the case of Nexo, the return is 5% for flexible term deposits.
BTC on centralized exchanges
Some well-known exchanges can currently pay you to hold a BTC, although in this case the rewards are at a much lower level.
In the case of the largest crypto exchange, Binance, it is APY in the amount of 0.5%. The Huobi Exchange offers a yield of 1.32%.
The KuCoin exchange also offers very acceptable conditions, where you can easily set the parameters of the conditions of your loan. The length of the contract in this case can be 7, 14 or 28 days. The lowest rate currently made by KuCoin offers is 1.82% with a 7-day contract.
