The big question is how to get bitcoins.
After getting the basic knowledge of what bitcoin is and how the wallet works, you may want to enter the world of digital currency and get a bitcoin for yourself. Thus the big question comes to your mind: How can I get bitcoins?
After you get the knowledge of the origin of each bitcoin, which is based on the mining process, you will believe that the best way to get it is to participate in this mining process. The thing is, it has become very difficult, because of the rapid popularity growth of crypto currency.
Sell products or services.
Each bitcoin comes as a result of a previous transaction. Thus, the way to get it, if you don’t have it, is by receiving a transaction from another, if you buy it with cash or also by mining new bitcoins.
If you know an individual, who uses bitcoins, you can ask him to get bitcoins. In case you don’t know anyone who owns it, you can get bitcoins by offering another type of transaction to another bitcoin user, which will result in you being paid in bitcoins. The alternative option is to mine it yourself.
If you can’t buy bitcoin from someone else, you can get it by mining it. The term mining here means: solving a complex mathematical problem, the purpose of which is to validate other individual transactions. In return you are given bitcoins. Receiving bitcoins is sometimes free, but a fee may be attached to sending them, it depends on the online platform you use. Before getting into mining bitcoins, you need to understand, that it is not an easya
In case, you don’t know anyone who has bitcoins, you don’t have anything to sell in exchange for bitcoins, there is a way to buy bitcoins. There are several online platforms, these sell bitcoins through a process called trading/exchange. Here I have listed some ways you can buy bitcoins:
Buy bitcoins from someone.
There are online markets where you can buy bitcoins in a person-to-person manner. You can pay these individuals with cash or other means. A good idea is that you and the seller can arrange the payment method: cash in person, cash by deposit, bank wire, PayPal, etc. The key element here is finding someone you can trust. A good tip is to use an escrow online service, this way you can protect yourself against any kind of fraud. The good thing about this online escrow platform, is that everyone has to upload their scanned ID, this guarantees security during transactions.
Buy bitcoins from an exchange and outlet.
Bitcoin exchanges or outlets are basically online services that facilitate buyers and sellers to do bitcoin transactions. To be part of one of them, all you need is to create an account and get your identity verified before you can buy or sell bitcoins.
Buy bitcoins through ATM.
Some cities around the world offer physical bitcoin ATMs. You can get your bitcoins through them using local fiat currency. Governments regulate the use of these ATMs for security purposes. Sometimes finding a bitcoin ATM near your location can be difficult, because even the location where it is installed is regulated.