The big question of how to get bitcoins.
Right after acquiring a basic knowledge of what bitcoin is and how the wallet go a long way, you may want to get into the digital foreign currency world and get some bitcoin for yourself. Thus the big question arrives to your mind: How do I get bitcoins?
After you get the knowledge of the origin of every single bitcoin, which is based on a mining process, you’ll think that the best way to get them is by signing up for this mining process. The thing is that, it has become very difficult, because the fast popularity grow of the crypto currency.
Market 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 simply by receiving a transaction from someone else, if you purchase them using cash or even also by mining new bitcoins.
When you know an individual, who utilizes bitcoins, you can ask him/her to obtain bitcoins. In case you don’t know anyone who posses them, you can get bitcoins by providing another kind of transaction with just another bitcoin user, resulting you getting paid in bitcoins. The alternative option is usually by mining them yourself.
In case you cannot purchase bitcoin through someone else, you can get them by mining them. The term mining here indicates: solving a complex mathematical problem, which intention is to validate some other individuals transactions.
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In return you’re awarded with bitcoins. Receiving bitcoins is sometimes free, but a fee may be included for sending them, it depends on the online platform you use. Just before getting into mining bitcoins, you need to understand, it’s far not an easy way to get bitcoins, it requires some tech knowledge, which may not be practical for you.
In the event that, you don’t know anyone who posses bitcoins, you don’t have anything to sell to exchange regarding bitcoins, there’s a way to buy bitcoins. There’re several online platforms, these sell bitcoins by a process known as trading/exchanging. Here I list several ways you can 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 good think is that you and the seller can arrange the payment method: cash in person, cash by deposit, financial institution wire, PayPal, etc . The key element here is to find someone trustworthy. A great tip is using an escrow on the web 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 ID, this guarantees security during the dealings.
Buy bitcoins from an swap and outlet.
Bitcoin exchanges or outlets are basically online providers that make it easier for buyers and seller to do bitcoins transactions. To be part of one of these, all you need is to develop an account and get your identity confirmation before you can buy or sell bitcoins.
Buy bitcoins through an ATM.
Some cities around the world offer physical bitcoin ATMs. You simply get your bitcoins through them using local fiat currency. Governments manage the uses of these ATMs intended for security purposes. Sometimes finding a bitcoin ATM near your location may be hard, because even the location where they are installed is regulated.