The big question of how to get bitcoins.
After acquiring a fundamental understanding of what bitcoin is and how the wallet really work, you might want to find yourself in the digital currency world and acquire some bitcoin for yourself. Thus the big question arrives to your mind: Just how do I get bitcoins?
After you receive the data of the origin of each and every single bitcoin Bitcoin Directory, which is founded on a mining process, you’ll feel that the easiest way to obtain them is by joining this mining process. The thing is that, it has become very hard, as the fast popularity grow of the crypto currency.
Sell products or services.
Each bitcoin comes as the result of a previous transaction. Thus, how you can have them, once you don’t have any, is by getting a transaction from someone else, once you purchase them using cash or also by mining new bitcoins.
Once you know someone, who uses bitcoins, you are able to ask him/her to obtain bitcoins. Just in case you don’t know anyone who posses them, you can get bitcoins by offering another kind of transaction with only another bitcoin user, resulting you getting paid in bitcoins. The alternative option is by mining them yourself.
Just in case you cannot purchase bitcoin from someone else, you can get them by mining them. The term mining here means: solving a sophisticated mathematical problem, which intention would be to validate other individuals transactions. In return you’re awarded with bitcoins. Receiving bitcoins may also be free, but a fee may be included for sending them, it depends on the internet platform you use. Before getting into mining bitcoins, you’ll need to understand, that it’s not a good way to obtain bitcoins, it takes some tech knowledge, which may not be practical for you.
In case, you don’t know anyone who posses bitcoins, you don’t have anything to market to exchange for bitcoins, there’s ways to buy bitcoins. There’re several online platforms, these sell bitcoins by a procedure called trading/exchanging. Here I list some ways you can buy bitcoins:
Buy bitcoins from the person.
You will find online marketplaces where you are able to buy bitcoins in a person-to-person scheme. You are able to pay these people with cash or by other ways. The nice think is that you and the vendor can arrange the payment method: money in person, cash by deposit, bank wire, PayPal, etc. The key element here’s to get someone trustworthy. An excellent tip is having an escrow online service, in this manner you are able to protect yourself against almost any fraud. The good thing about these online escrow platform, is that everyone should upload their scanned ID, this guarantees security throughout 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 do bitcoins transactions. To be part of one of these, all you have to is to produce an account and get your identity verification before you should buy or sell bitcoins.
Buy bitcoins via an ATM.
Some cities all over the world offer physical bitcoin ATMs. You simply 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 your local area may be difficult, because even the place where these are installed is regulated.