Collecting Bitcoins to utilize In a Transaction

After acquiring a basic knowledge of what bitcoin is and the way the wallet really work, you might want to enter the digital currency world and get some bitcoin for yourself. Thus the big question arrives to your brain: How do I get bitcoins?

Becoming difficult.

After you get the understanding of the origin of each single bitcoin, which is predicated 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 difficult, as 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 best way to get them, when you haven’t any, is by receiving a transaction from someone else, once 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 don’t know anyone who posses them, you will get bitcoins by offering another kind of transaction with just another bitcoin user, resulting you getting paid in bitcoins. The alternative 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 term 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 is sometimes free, but a fee may be included for sending them, this will depend on the online platform you use. Before engaging in mining bitcoins, you must understand, that it’s no easy solution to get bitcoins, it requires some tech knowledge, which may not be practical for you personally.

Buy.

In case, you don’t know anyone who posses bitcoins, you do not have anything to sell to exchange 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 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. It is possible to pay these individuals with cash or by other ways. The nice think is that you and the seller can arrange the payment method: cash in person, cash by deposit, bank wire, PayPal, etc. The main element element here is to find someone trustworthy. An excellent tip is using an escrow online service, this way it is possible to protect yourself against any sort of fraud. The great 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 be part of one of these, all you have to is to create an account and get your identity verification before you buy or sell 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 getting a bitcoin ATM near your location may be difficult, because even the location where they are installed is regulated.

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