Buying crypto isn’t the only way to “invest” in it. Here are some other, lower-risk methods to consider.
Earn Crypto for “Free” Through Learning and Mining
As mentioned, you can actually earn a free trickle of crypto just by learning about crypto on sites like Coinbase with its Earn program. For example, you can earn $2 in Stellar (XLM) just by watching a two minute video:
If you have a powerful computer with a gaming-capable graphics card, you can also mine crypto for free. Mining is the act of leasing your computer’s processing power to the blockchain and receiving a trickle of crypto in return.
Invest in Cryptocurrency Stocks and ETFs
Want to invest in crypto without having to buy it? You’re in luck! The SEC recently approved the first Bitcoin futures ETF.
You can also invest in the crypto industry by purchasing shares of companies that are heavily focused on or invested in the future of cryptocurrency. For example, you can scoop up shares of Coinbase (COIN), mining companies such as Hut 8 Mining (HUT) or chipmakers that indirectly support crypto by producing chips for mining, such as Nvidia (NVDA).
Invest in the Blockchain
One final method of investing in crypto without buying crypto is to invest in the technology supporting it: blockchain.
In 2014, just two of the world’s 100 largest publicly-traded companies were invested in blockchain projects. Today, that number is 81.
There are even blockchain ETFs, namely the Amplify Transformational Data Sharing ETF (BLOK), which offer a nice mix of blue chips and exciting up-and-comers.