The big question of how to get bitcoins.
After acquiring a basic knowledge of what bitcoin is and how the wallet go a long way, you may want to get into the digital foreign currency world and get some bitcoin on your own. Thus the big question arrives to your mind: How do I get bitcoins?
After you get the knowledge of the foundation of every single bitcoin, which is based on a mining process, you’ll think that the best way to get them is by joining this mining process. The thing is that, it has become very difficult, because the fast popularity grow of the crypto currency.
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Market products or services.
Every single bitcoin comes as the result 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, whenever you purchase them using cash or also by mining new bitcoins.
When you know an individual, who utilizes bitcoins, you can ask him/her to get bitcoins. In case you don’t know anyone who have them, you can get bitcoins by offering another kind of transaction with just another bitcoin user, resulting you getting paid in bitcoins. The alternative option can be by mining them yourself.
In case you cannot purchase bitcoin from someone else, you can get them by mining them. The term mining here means: solving a complex mathematical problem, which intention is to validate various other individuals transactions. In return you’re granted with bitcoins. Receiving bitcoins is oftentimes free, but a fee may be included for sending them, it depends on the online platform you use. Prior to getting into mining bitcoins, you need to understand, that it’s not an easy way to get bitcoins, it requires some tech knowledge, which might not be practical for you.
In the event that, you don’t know anyone who posses bitcoins, you don’t have anything to sell to exchange intended for bitcoins, there’s a way to buy bitcoins. There’re several online platforms, these sell bitcoins by 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. You can pay these individuals with cash or by other ways. The great think is that you and the seller can arrange the payment method: money in person, cash by deposit, bank wire, PayPal, etc . The key component here is to find someone trustworthy. An excellent tip is using an escrow on-line service, this way you can protect yourself against any kind of fraud. The good thing about these online escrow platform, is that everyone should upload their scanned ID, this guarantees security during the dealings.
Buy bitcoins from an swap and outlet.
Bitcoin exchanges or even outlets are basically online services that make it easier for buyers plus seller to do bitcoins transactions. To be part of one of these, all you need is to make an account and get your identity confirmation before you can buy or sell bitcoins.
Buy bitcoins through an ATM.
Some cities all over the world offer physical bitcoin ATMs. You just get your bitcoins through them using local fiat currency. Governments regulate the uses of these ATMs intended for security purposes. Sometimes finding a bitcoin ATM near your location may be hard, because even the location where they are installed is regulated.