The big question of how to get bitcoins.
Right after acquiring a basic knowledge of what bitcoin is and how the wallet really work, you may want to get into the digital currency world and get some bitcoin for yourself. Thus the big question arrives for 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 becoming a member of this mining process. The thing is that, it has become very difficult, because the fast recognition grow of the crypto currency.
Sell products or services.
Every single bitcoin comes as the effect of a previous transaction. Thus, the 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 even also by mining new bitcoins.
When you know an individual, who uses bitcoins, you can ask him/her to get bitcoins. In case you don’t know anyone who have them, you can get bitcoins by providing another kind of transaction with just another bitcoin user, resulting you getting compensated in bitcoins.
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The alternative option is by mining them yourself.
In case you cannot purchase bitcoin from someone else, you can get them by exploration them. The term mining here indicates: solving a complex mathematical issue, which intention is to validate other individuals transactions. In return you’re granted with bitcoins. Receiving bitcoins is sometimes free, but a fee might be included for sending them, it depends on the online platform you use. Just before getting into mining bitcoins, you need to understand, that it’s not an easy way to get bitcoins, it requires some tech knowledge, which may not be practical for you.
Just in case, you don’t know anyone who posses bitcoins, you don’t have anything to sell to exchange to get bitcoins, there’s a way to buy bitcoins. There’re several online platforms, these types of sell bitcoins by a process known as trading/exchanging. Here I list some ways you can purchase bitcoins:
Buy bitcoins from a person.
There are online market segments where you can buy bitcoins in a person-to-person scheme. You can pay these individuals along with cash or by other ways. The great think is that you and the seller may arrange the payment method: money in person, cash by deposit, financial institution wire, PayPal, etc . The key element here is to find someone trustworthy. An excellent tip is using an escrow on the internet service, this way you can protect your self against any kind of fraud. The good thing about these types of online escrow platform, is that everyone should upload their scanned IDENTIFICATION, this guarantees security during the dealings.
Buy bitcoins from an swap and outlet.
Bitcoin exchanges or outlets are basically online solutions that make it easier for buyers plus seller to do bitcoins transactions. To become part of one of these, all you need is to develop an account and get 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. You simply get your bitcoins through them using local fiat currency. Governments manage the uses of these ATMs with regard to security purposes. Sometimes finding a bitcoin ATM near your location may be hard, because even the location where these are installed is regulated.