Big question about how to get bitcoins.
Once you have a basic understanding of what bitcoin is and how a wallet actually works, you may want to dive into the world of digital currency and get yourself some bitcoins. So, the big question comes to your mind: How can I get bitcoins?
To be difficult.
After learning about the origin of each bitcoin based on the mining process, you will believe that the best way to get them is to join this mining process. The thing is, this has become very difficult because the popularity of cryptocurrency is increasing rapidly.
Sell products or services.
Each bitcoin comes as a result of a previous transaction. So the way to get them when you don’t have them is to get a transaction from someone else when you buy with cash or by mining new bitcoins.
When you know someone who uses bitcoins, you can ask them to buy bitcoins. If you don’t know anyone who has them, you can get bitcoins by suggesting another type of transaction with another bitcoin user, resulting in you being paid in bitcoins. An alternative option is to remove them yourself.
If you can’t buy bitcoins from someone else, you can get them by mining them. Here the term mining means: solving a complex mathematical problem with the aim of validating the transactions of other people. In return, you are rewarded with bitcoins. Receiving bitcoins is sometimes free, but sending them may involve a fee, depending on the online platform you use. Before you start mining bitcoins, you should understand that this is not an easy way to get bitcoins, it requires some technological knowledge, which may not be practical for you.
If you don’t know anyone who owns bitcoins, if you don’t have anything to sell to exchange for bitcoins, there is a way to buy bitcoins. There are several online platforms that sell bitcoins through a process called trading/exchange. Here are some ways you can get 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. A good idea is that you and the seller can arrange a payment method: cash in person, cash on deposit, bank transfer, PayPal, etc. The key element here is to find someone you trust. A good tip is to use an online deposit service, this way you can protect yourself from any kind of fraud. The good thing about this online savings platform is that everyone has to upload a scanned ID card, which guarantees security during transactions.
Buy bitcoins from an exchange and point of sale.
Bitcoin exchanges or outlets are basically online services that make it easy for buyers and sellers to transact bitcoins. To be a part of one of these, all you need to do is create an account and verify your identity before buying or selling bitcoins.
Buy bitcoins through an ATM.
Some cities around the world offer physical bitcoin ATMs. You simply get your bitcoins using your local fiat currency. Governments regulate the use of these ATMs for security purposes. Sometimes it can be difficult to find a bitcoin ATM near your location because even where they are installed is regulated.