How to get Bitcoins is a big question.
Once you have a basic understanding of what Bitcoin is and how the wallet actually works, you might want to dive into the world of digital currency and get some bitcoins. Thus, the big question comes to your mind: How do I get bitcoins?
It becomes difficult.
After gaining knowledge of the origin of each bitcoin that is based on a mining process, you will believe that the best way to get them is to join this mining process. The fact is that this has become very difficult because the popularity of cryptocurrency is growing rapidly.
Selling products or services.
Each Bitcoin comes as a result of a previous transaction. Thus, the way to get them, when you don’t have them, is to receive a transaction from someone else, when you buy them with cash, or even by mining new bitcoins.
When you know a person who uses bitcoins, you can ask them to get bitcoins. If you don’t know anyone who has them, you can get bitcoins by offering another type of transaction with another bitcoin user, and as a result, you get paid in bitcoins. The alternative option is to extract it yourself.
If you can’t buy bitcoins from someone else, you can get them by mining them. The term mining here means: solving a complex mathematical problem with the intention of validating other people’s transactions. In return you are rewarded with bitcoins. Receiving Bitcoins is sometimes free, but sending them may incur a fee, depending on the online platform you use. Before you get into mining bitcoins, you should understand that it is not an easy way to get bitcoins, it requires some technological knowledge, it may not be practical for you.
In case you don’t know anyone who has bitcoins, 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 I list some ways to buy bitcoins:
Buy bitcoins from a person.
There are online markets where you can buy bitcoins on a person-to-person scheme. You can pay these people in cash or through other means. It’s a good idea that you and the seller can arrange a payment method: cash in person, cash on deposit, wire transfer, PayPal, etc. The key element here is to find someone you can trust. A good tip is to use a trust service so you can protect yourself against any kind of fraud. The good thing about these online escrow platforms is that they all have to upload a scanned ID, this ensures security in transactions.
Buy bitcoins from an exchange and outlet.
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 them is to 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 just get your bitcoins through them using local fiat currency. Governments regulate the uses of these ATMs for security purposes. Sometimes it can be difficult to find a bitcoin ATM near your location because the location where these are installed is also regulated.