Collecting Bitcoins to Use In a Transaction

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 on your own. Thus the big question arrives to your mind: How do I get bitcoins?

Becoming difficult.

After you get the knowledge of the origin of each 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, this has become very hard, because the fast popularity grow of the crypto currency.

Sell products or services.

Every single bitcoin comes because the result of a previous transaction. Thus, the way to get them, when you don’t have any, is by receiving a transaction from someone else, when you purchase them using cash or also by mining new bitcoins.

When you know a person, who uses bitcoins, it is possible to ask him/her to get bitcoins. In case you have no idea anyone who posses them, you can get bitcoins by offering another kind of transaction with just another bitcoin user, resulting you getting paid in bitcoins. The choice option is by mining them yourself.

Mining.

If you happen to cannot purchase bitcoin from another person, you can aquire them by mining them. The word mining here means: solving a complex mathematical problem, which intention would be to validate other individuals transactions. In exchange you’re awarded with bitcoins. Receiving bitcoins may also be free, but a fee may be included for sending them, this will depend on the online platform you utilize. Before engaging in mining bitcoins, you must understand, that it’s no easy solution to get bitcoins, it needs some tech knowledge, which might not be practical for you.

Buy.

In case, you do not know anyone who posses bitcoins, you do not have anything to sell to switch for bitcoins, there’s a way to buy bitcoins. There’re several online platforms, these sell bitcoins by way of a process called trading/exchanging. Here I list some methods for you to 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 nice think is that you and owner can arrange the payment method: cash in person, cash by deposit, bank wire, PayPal, etc. cryptocurrency is to get someone trustworthy. An excellent tip is using an escrow online service, this way you can protect yourself against any sort of fraud. The good thing about these online escrow platform, is that everyone should upload their scanned ID, this guarantees security through the transactions.

Buy bitcoins from an exchange and outlet.

Bitcoin exchanges or outlets are basically online services that make it easier for buyers and seller to accomplish bitcoins transactions. To participate one of these, all you need is to create an account and get your identity verification before you buy or sell bitcoins.

Buy bitcoins through an ATM.

Some cities all over the world offer physical bitcoin ATMs. You merely get your bitcoins through them using local fiat currency. Governments regulate the uses of the ATMs for security purposes. Sometimes finding a bitcoin ATM near where you are may be difficult, because even the location where they are installed is regulated.

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