It is increasingly common to hear data on cryptocurrencies, the digital currencies that have revolutionized the financial system. Its operation is based on the blockchain technology that consists of the use of a public database through which the currency is protected and all the transactions made are saved.
The creation of this currency dates back to 2009, when Satoshi Nakamoto (nickname used by its creator) created the so-called 'bitcoin', the most popular today. Another type of cryptocurrency that enjoys fame today is ether, the second most used that promises to repeat the success of his successor.
Although experts in finance and traders have adopted these currencies with pleasure, their use has not yet spread among real banking users due to their volatility. The variability of its demand has meant that cryptocurrencies are in constant fluctuation. Both bitcoin and ether have become propitious terrain for speculation but it can also be a profitable investment for the rest of users.
How to get cryptocurrencies?
There are several ways to get cryptocurrencies, and each one has a different level of complexity.
The simplest is to buy them with euros, dollars or any conventional currency. This operation is carried out in specialized exchange houses that can be of two types: those that exchange physical money for any recognized cryptocurrency or those that only operate with bitcoins. So, in the case of the latter, we will have to have bitcoins in advance in order to obtain other digital currencies.
To be able to use the exchange houses, it is necessary to identify yourself through the KYC ( Know Your Customer ) method . This process, mandatory to prevent crimes, will only be necessary the first time the service is used.
Receive a salary in cryptocurrencies
A second method to get cryptocurrencies is to receive a salary in these currencies. The Numerai platform, dedicated to the prediction of data, is an example of a company that pays with cryptocurrencies. In this case, all those researchers who benefit the company with their algorithm creations will be able to obtain digital money.
Another company that also pays the members of its staff with cryptocurrency is Colbat.io . In this case, its workers are computer specialists specialized in cyber security who obtain it as a benefit as they solve cases and rise in rank.
Although companies from other industries are expected to adopt cryptocurrencies as payment methods in the future, only technology companies have tested this system with their employees.
Mining
It is also possible to obtain these payments through mining, an action that in this context is defined as regulating the correct use of the currency confirming that the transactions of the users are correct. Each X number of transactions is grouped in a block, which generates a new bitcoin with which the miners will be rewarded.
Validation of transactions by miners means that cryptocurrencies do not need an external regulatory body. The combination of calculations of P2P networks such as Bitcoin that occurs in this regulatory process gives the currency high levels of security to avoid the action of hackers or fraud.
Social Trading Social
trading is another consolidated way of obtaining cryptocurrencies. This consists of taking advantage of the knowledge on online investments of experienced traders in favor of other users who can duplicate their strategies. There are platforms like eToro that are dedicated to this, providing a platform for Internet users from more than 170 countries with which to invest in bitcoins and other currencies. This website allows to see publicly the level of knowledge of each member and their investments, so that each user can determine the probabilities of success and decide which tactics to follow.
If its success continues to rise, cryptocurrencies could change the financial industry and boost many others, so it will be inevitable that the most relevant companies in the market will focus on them. In this case, an issue arises: Will companies be able to adapt to this new trend or will new companies emerge to lead the market?