Bitcoin, the revolutionary digital currency, has captured the world's attention as a decentralized and secure way to transfer value. While many people have traditionally acquired Bitcoin through exchanges and investments, there's a lesser-known yet powerful method to obtain this coveted cryptocurrency: receiving Bitcoin as payment for goods and services. In this guide, we will explore why earning Bitcoin through transactions is the best way to get your hands on this digital gold.
No Need to Risk Your Money:
Buying Bitcoin through exchanges can be risky, especially for newcomers to the world of cryptocurrencies. Prices can be volatile, and investing a significant amount upfront might lead to unexpected losses. By accepting Bitcoin as payment for your products or services, you eliminate this risk entirely. You control how much you receive and when to convert it into traditional currency, making it a secure and calculated approach to acquiring Bitcoin.
This is good if we maintain the payment wallet address to be non-custodial but most clients have influence to the seller since if most of the clients suggest having the transaction in an internal exchange transfer then the seller will possibly give in and put an option where the client can pay through centralized exchange internal transfers. Aside from that most sellers use third-party application to accept Bitcoin and exchange it to fiat currency in real time.
So at the end of the day, merchant can't avoid using centralized exchanges to convert their BTC to cash or accept payment through centralized exchange internal transfers epecially when clients are whining about expensive transaction fees (just like what happened recently)
Aside from accepting Bitcoin for our goods, we can also look for freelancing jobs that pay in Bitcoin. This way we have another option to gain Bitcoin without buying it.