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It’s never a great idea to start investing in any market without prior knowledge. This is particularly true in the cryptocurrency market, which is not only a relatively new area of investment, but is also one that  involves many risks. In case you’re a fledgling investor and have no  idea what cryptocurrencies are in the first place, you can refer to the  cryptocurrency 101 guide previously posted here on Oval.

It's best if you do not go any further until you are reasonably well versed in the crypto universe. Now, if you are familiar with terms like mining, blockchain, and digital  coins like Bitcoin and Ethereum, read on. This article is where you can learn how to grow your crypto investment. Aside from selling and trading crypto assets, there are many other interesting ways you can  profit off of your investment. For the purpose of uniformity, we’ll take  mainly about Bitcoin.

Be a lender

The cryptocurrency market is slightly similar to the stock market, because investors can also opt to borrow shares (or coins) in order to do margin trading. But unlike in stocks, where stock brokers are the  lenders, regular Bitcoin users can also act as lenders in crypto trading. Cryptocurrency is decentralised, and both lender and borrower  remain anonymous. Therefore, you have the power to lend your Bitcoin on  crypto exchanges like Bitfinex and BitVC, and even offer it at an interest rate and a specified maximum period of lending.

Get paid for online activities

Did you know you can get paid in Bitcoin in exchange for simple online  activities like watching videos and listening to the radio? There are several platforms you can register for to start earning your very own Bitcoins. In sites like Floot.gg and Earncrypto, you  receive points for streaming videos or completing surveys. Once you  reach a certain number of points, you can have them exchanged for Bitcoin. Meanwhile, Bitradio, which gives points for listening to the  radio, requires you to sync up your crypto wallet with your account. These activities are ideal for people who spend a lot of time in front of their screens the whole day.

Help people with queries

Oddly enough, you can also get paid in Bitcoin to answer simple questions posed by people online. Bitfortip allows users to earn coins for answering questions posted on the  platform. These questions usually require tips and information, so having a wide knowledge of topics is ideal. The website receives more than a thousand visitors a day, so if you feel like being a good Samaritan everyday, then this is a great way to grow your Bitcoin stash.

Why grow your Bitcoin investment?

Coin Desk illustrates the cryptocurrency market's continuing  volatility, which tells us that relying on trading alone can be risky  business. Losses are unavoidable, so it would be smart to find  alternative methods of earning Bitcoin. Many online merchants are already accepting crypto payments, so growing your investment is not a  useless goal.

There are several benefits you can enjoy when making Bitcoin  transactions, which are what gave rise to Bitcoin-based businesses in  the first place. Nowhere is this more apparent than in the world of online gaming sites, where users are generally anxious about making  transactions. Cryptocurrency casinos address this concern by providing anonymity and security, thanks to the blockchain technology that it is based on. For those who are worried  about making online transactions in general, using Bitcoin or any other cryptocurrency seems sensible. There is also no middleman involved when making payments, thus allowing users to enjoy direct transactions. These same benefits can be felt in a slew of other Bitcoin and  blockchain-based transactions, from real estate to and gold trading, down to ordering pizza or sending gift cards.

While cryptocurrency casinos can reward users, they do have the similar risks as cryptocurrency trading. Such activities can give you a large  amount of Bitcoin in a short amount of time, but only if you're lucky. If you want to stick to the safer side, opt for activities like those mentioned above.  

While it may be long before we reach universal acceptance for Bitcoin, we can still revel in the fact that many merchants are opening up cryptocurrency options. So if you’re looking for a good reason to grow  your investment, you can definitely rely on that fact.