The big question of how to get bitcoins.
After acquiring basic knowledge about what bitcoin is and how the wallet actually works, you may want to enter the world of digital currency and get bitcoins for yourself. So here comes the big question: How do I get bitcoins?
After gaining knowledge of the origin of each bitcoin, based on a mining process, you will believe that the best way to obtain them is by joining this mining process. The fact is that this has become very difficult, because the popularity of cryptocurrency is growing rapidly.
Sell products or services.
All bitcoins are produced as a result of a previous transaction. So the way to get them, when you don’t have any, is by receiving a transaction from someone else, when you buy them in cash or also by extracting new bitcoins.
When you meet someone who uses bitcoins, you can ask them to get bitcoins. In case you don’t know anyone who has one, you can get bitcoins by offering another type of transaction with another bitcoin user, which will make you pay in bitcoins. The alternative is to undermine them yourself.
In case you can’t buy bitcoins from someone else, you can get them by mining them. The term mining here means: solving a complex mathematical problem, which seeks to validate the transactions of other individuals. In return, you are rewarded with bitcoins. Receiving bitcoins is sometimes free, but a commission may be included to send them, depending on the online platform you use. Before getting into bitcoin mining, you need to understand that it’s not an easy way to get bitcoins, but it requires technical knowledge, which you may not find practical.
In case you don’t know anyone who has bitcoins, you don’t have anything to sell to exchange for bitcoins, there is a way to buy bitcoins. There are several online platforms, which sell bitcoins through a process called trading / exchange. Here are some ways to buy bitcoins:
Buy bitcoins from a person.
There are online markets where you can buy bitcoins in a person-to-person scheme. You can pay these people in cash or in other ways. The good idea is that you and the seller can arrange the form of payment: cash in person, cash by deposit, bank transfer, PayPal, etc. The key element here is finding someone you trust. A good tip is to use an online warranty service, this way you can protect yourself from any kind of fraud. The best thing about these online guarantee platforms is that everyone has to hang their scanned ID, which ensures security during transactions.
Buy bitcoins in a bag and an outlet.
Bitcoin exchanges or outlets are basically online services that make it easier for bitcoin buyers and sellers to make transactions. To be a part of these, you just need to create an account and get your identity verified before you can buy or sell bitcoins.
Buy bitcoins using an ATM.
Some cities around the world offer physical bitcoin ATMs. Simply get your bitcoins using the local fiat currency. Governments regulate the uses of these ATMs for security reasons. Sometimes, it’s hard to find a bitcoin ATM near your location, as even the location where they are installed is regulated.