After acquiring a basic knowledge of what bitcoin is and the way the wallet really work, you might want to enter the digital currency world and get some bitcoin on your own. Thus the big question arrives to your brain: How do I get bitcoins?
After you get the understanding of the origin of each single bitcoin, which is predicated on a mining process, you’ll believe that the best way to get them is by joining this mining process. The thing is that, this has become very difficult, because the fast popularity grow of the crypto currency.
Sell products or services.
Every single bitcoin comes as the consequence of a previous transaction. Thus, the best way to get them, when you don’t have 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, it is possible to ask him/her to obtain bitcoins. In case you have no idea anyone who posses them, you can obtain bitcoins by offering another kind of transaction with yet another bitcoin user, resulting you getting paid in bitcoins. The choice option is by mining them yourself.
Just in case you cannot purchase bitcoin from someone else, you can get them by mining them. The word 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 utilize. Before engaging in mining bitcoins, you must understand, that it’s no easy way to get bitcoins, it requires some tech knowledge, which might not be practical for you.
In case, you do not know anyone who posses bitcoins, you don’t have anything to sell to exchange for bitcoins, there’s a way 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 could buy bitcoins in a person-to-person scheme. You can pay these individuals with cash or by different ways. The nice think is that you and the seller can arrange the payment method: profit person, cash by deposit, bank wire, PayPal, etc. The main element element here is to get someone trustworthy. A good tip is using an escrow online service, in this manner it is possible to protect yourself against any type of fraud. The great 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 that make it easier for buyers and seller to accomplish bitcoins transactions. To be part of one of these, all you have to is to create a merchant account and obtain your identity verification before you can buy or sell bitcoins.
Buy bitcoins through an ATM.
Some cities all over the world offer physical bitcoin ATMs. Bitcoin Cash get your bitcoins through them using local fiat currency. Governments regulate the uses of the ATMs for security purposes. Sometimes getting a bitcoin ATM near your location could be difficult, because even the positioning where these are installed is regulated.