Bitcoin has become an attractive investment option. The only problem is that most people can’t handle the volatility and risks associated with acquiring the asst. This has made many to rather stay away from the asset and in the process miss out on the benefits completely.

This doesn’t have to be so though. If you’re one of the skeptical ones, there are other ways you can invest in Bitcoin and reap the profits without having to deal with the volatility or buying directly from an exchange. The following are three of the ways you can do this.

1. Blockchain Stocks

One of the easiest ways to invest in Bitcoin indirectly is to buy blockchain stocks related to Bitcoin. Since the stocks are tied to the asset, buying them is indirectly buying the asset. This means that whatever happens to Bitcoin happens to the stocks

The good news however is that you won’t need to worry about the volatility. Simply acquire the stocks and wait for the value to appreciate over time. You can then sell them and make a profit based on Bitcoin’s performance without ever owning Bitcoin.

Crypto startups such as Coinbase offer such stocks since it is a crypto exchange that has its stocks trading on mainstream exchanges. You can also buy stocks from Riot Blockchain (RIOT),  Canaan (CAN), and HIVE Blockchain Technologies (HIVE), to name a few.

2. 401k

Before now, Bitcoin was only accessible by tech-savvy people, but it has become more readily accessible, even for retirement accounts. You can Invest in a 401k in which your employer puts part of your retirement funds in Bitcoin.

There is an increasing number of employers that are open to this option, but you’ll need to check with yours to see if they allow it. For example, Fidelity offers workers the option to save up to 20% of their retirement fund in Bitcoin.

That way, your retirement account can be growing at the same rate as the growth of Bitcoin. This is an easy option as you don’t even have access to the account which is managed by the 401k provider. You’ll only get to enjoy the benefits if Bitcoin grows steadily during the period of the investment.

3. Card Rewards

Have you used your credit card to buy something before and you got a cashback? Well, you can get a similar cashback, but in Bitcoin. Crypto exchanges such as Binance, Crypto.com and many others issue debit cards that have these cashback rewards paid in Bitcoin and other cryptocurrencies.

You literally just need to buy or pay with the card and receive Bitcoins which keep accumulating and growing as Bitcoin also grows. The rewards themselves are not in Bitcoin, but you can ask for such rewards to be paid to you in Bitcoin.

These rewards may seem small initially but over time can become a significant investment without you having to spend any money on Bitcoin. If you don’t mind managing a wallet, this can be a good way to earn.

By the way, you don’t need to check the wallet often as Bitcoin investing is a long term game. It is advisable that you have a wallet that you use to store your Bitcoin off any exchange. It is even preferable if the wallet is an offline wallet to reduce the chances of hackers stealing your assets.

Which Method Best Suits You?

Depending on what you want, you can use any of these methods to profit from Bitcoin without having to buy it directly. They’re all simple methods that even people with zero knowledge of the workings of Bitcoin can apply and get some Bitcoin benefits.

You should know though that Bitcoin may also depreciate in value and you could get caught in the crash at the time you need to urgently sell for any reason. Like any other investment, it is better to approach it with an open mind.