6 Ways to Invest in BTC Without A Bank Account

In the last 12 years, Bitcoin (BTC) has truly grown in popularity and if you haven’t invested yet, this could be your chance. Nowadays, you don’t even need to use fiat currency (like USD), have a bank account to make crypto investments.

From gift cards to mining, BTC has become more accessible. If you’ve ever wondered how you could buy Bitcoin without shelling out hard cash, here are a few alternatives you can explore:

Gift cards

Gift cards are a great way to buy Bitcoin and they’re easy to exchange.

All you have to do is buy a gift card (or use one you have on hand) and then find the right exchange that will let you trade it.

Online exchanges like Paxful, the world’s leading peer-to-peer crypto marketplace, allow you to trade with other users around the world and gain BTC in return.

Whether your gift card is from a clothing boutique or your favorite tech store, you can trade in your gift card for BTC on Paxful in a matter of minutes.

Difficulty: Medium

Speed: Medium

Virtual payment methods

Over the years, alongside BTC, virtual payment methods have been growing at fast rates.

These payment methods like Google Pay and Apple Pay, have allowed both serious and amateur crypto investors to buy BTC.

In some cases, it’s as easy as looking up offers on your favorite crypto exchange that take virtual payments and then making a trade.

As a pro-tip, be sure to read all trading requirements before accepting an offer on a trading platform, just like what you do when accepting an offer in cash. 

Difficulty: Easy

Speed: Fast

Mining

Now, we’re not talking about the coal mines here. We’re talking about mining for BTC using computational power.

BTC miners use computational power to verify transactions on the blockchain and are rewarded with BTC once they complete the verification process.

In this case, the verification process is solving complex computations and math problems.

While BTC mining can be time-consuming, it’s incredibly rewarding to get BTC straight from the source.

Keep in mind that BTC mining can sometimes be an expensive endeavor, but if you stick at it, the amount of BTC you mine can pay off in the long run. 

Difficulty: Hard

Speed: Slow

In-game Items

If you love BTC and consider yourself a gamer, this tip is for you.

Did you know you can collect and sell your in-game items for BTC? The steps to doing so are pretty quick and easy. 

Some of the best crypto exchanges have in-game items as payment methods.

If they have items from your favorite games, you can turn your favorite pastime into an economic investment.

Difficulty: Easy

Speed: Fast

Other digital currencies

If you’re a crypto aficionado and have all sorts of digital currencies like Tether, Litecoin, or Tron, you’re in luck.

Thankfully, exchanging other forms of crypto for BTC is safe and easy—all you need is a trading platform. Sound familiar? 

Similar to using gift cards or selling in-game items for BTC, all you need to do is have your digital currency info ready and a place to exchange your crypto.

On Paxful, you can easily set up your trade offer, and set the amount of BTC you want to trade for. Then, wait for the offers to roll in.

Difficulty: Easy

Speed: Fast

Goods and services

If you’re all out of options and can’t seem to get the mining thing down, you can always get more creative to get BTC.

Some options can include writing about BTC for freelance gigs on Upwork or completing micro-jobs.

Using other goods and services for BTC isn’t always as effortless as you’d want it to be, but it also depends on your chosen task.

Be sure to thoroughly research and make an action plan before starting on your next BTC endeavor. 

Difficulty: Hard

Speed: Medium – Fast

If you’re interested in buying BTC without using fiat currencies, bank accounts, or credit cards, all you have to do is get a little creative and know where to go.

Whether you prefer mining, day trading, or something else entirely, your options are endless with BTC.