June 6, 2021
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 for yourself. Thus the big question arrives to your brain: How do I get bitcoins?
Becoming difficult.
After you get the understanding of the origin of each single bitcoin, which is based on a mining process, you’ll think that the best way to have them is by joining this mining process. The thing is, this has become very difficult, as 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 way to get them, when you haven’t any, is by finding a transaction from someone else, when 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 get bitcoins. In case you don’t know anyone who posses them, you can get bitcoins by offering another kind of transaction with yet another bitcoin user, resulting you getting paid in bitcoins. The alternative option is by mining them yourself.
Mining.
In the event you cannot purchase bitcoin from another person, you can find 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, it depends on the online platform you use. Before getting into mining bitcoins, you need to understand, that it’s no easy solution to get bitcoins, it needs some tech knowledge, which might not be practical for you.
Buy.
In case, you don’t know anyone who posses bitcoins, you do not 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 methods for you to purchase bitcoins:
Buy bitcoins from the 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 good think is that you and the seller can arrange the payment method: cash in person, cash by deposit, bank wire, PayPal, etc. The main element element here is to find someone trustworthy. A good tip is using an escrow online service, this way it is possible to protect yourself against almost any fraud. The good thing about these online escrow platform, is that everyone should upload their scanned ID, this guarantees security through the transactions.
hardware bitcoins from an exchange and outlet.
Bitcoin exchanges or outlets are basically online services that make it easier for buyers and seller to do bitcoins transactions. To participate one of these, all you need is to create a merchant account and get your identity verification before you buy or sell bitcoins.
Buy bitcoins via an ATM.
Some cities around the world offer physical bitcoin ATMs. You just 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 could be difficult, because even the positioning where they are installed is regulated.
