After acquiring a basic understanding of what bitcoin is and how the wallet really work, you might like to enter the digital currency world and get some bitcoin for yourself. Thus the big question arrives to your mind: How do I get bitcoins?
Becoming difficult.
After you get the knowledge of the origin of each single bitcoin, which is predicated on a mining process, you’ll think that the best way to get them is by joining this mining process. The thing is that, this has become very difficult, as the fast popularity grow of the crypto currency.
Sell products or services.
Every single bitcoin comes because the consequence of a previous transaction. Thus, the way to get them, when you haven’t any, is by receiving a transaction from someone else, once you purchase them using cash or also by mining new bitcoins.
When you know an individual, who uses bitcoins, you can ask him/her to get bitcoins. In case you have no idea anyone who posses them, you may get bitcoins by offering a different type of transaction with yet another bitcoin user, resulting you getting paid in bitcoins. The alternative option is by mining them yourself.
Mining.
If you happen to cannot purchase bitcoin from someone else, you may get them by mining them. The term mining here means: solving a complex mathematical problem, which intention is to validate other individuals transactions. In exchange you’re awarded with bitcoins. Receiving bitcoins is sometimes free, but a fee may be included for sending them, this will depend on the online platform you use. Before engaging in mining bitcoins, you need to understand, that it’s no easy way to get bitcoins, it needs some tech knowledge, which may not be practical for you.
Buy.
In case, you don’t know anyone who posses bitcoins, you don’t have anything to sell to exchange for bitcoins, there’s a solution to buy bitcoins. There’re several online platforms, these sell bitcoins by way of a process called trading/exchanging. Here I list some ways you can purchase bitcoins:
Buy bitcoins from a person.
There are online marketplaces where you can buy bitcoins in a person-to-person scheme. It is possible to pay they with cash or by different ways. The nice think is that you and the seller can arrange the payment method: cash in person, cash by deposit, bank wire, PayPal, etc. The key element here is to get someone trustworthy. equipment is using an escrow online service, this way it is possible to protect yourself against any sort of fraud. The good thing about these online escrow platform, is that everyone should upload their scanned ID, this guarantees security through the transactions.
Buy bitcoins from an exchange and outlet.
Bitcoin exchanges or outlets are basically online services which make it easier for buyers and seller to accomplish bitcoins transactions. To participate one of these, all you have to is to create a merchant account and obtain your identity verification before you buy or sell bitcoins.
Buy bitcoins via an ATM.
Some cities around the world offer physical bitcoin ATMs. You merely get your bitcoins through them using local fiat currency. Governments regulate the uses of these ATMs for security purposes. Sometimes getting a bitcoin ATM near your location may be difficult, because even the positioning where they are installed is regulated.
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