The big question is how to get bitcoins.
After learning the basics of what bitcoin is, how your wallet actually works, you may want to enter the world of digital currency and get bitcoin for yourself. So the big question arises in your head. How can I get bitcoins?
Once you know the origins of each bitcoin based mining process, you will believe that the best way to get them is to join this mining process. The thing is that it has become very difficult, as the popularity of cryptocurrency is growing rapidly.
Sell goods or services.
Each bitcoin comes as a result of the previous transaction. So the way to get them when you don’t have them is to get a deal from someone else when you buy them for cash or new bitcoins mining.
When you know someone who uses bitcoins, you can ask them to get bitcoins. If you do not know anyone who owns them, you can get bitcoins by offering other types of transactions with another bitcoin user, resulting in you being paid with bitcoins. The alternative is to extract them yourself.
If you can not buy bitcoins from others, you can get them by mining. The term mining here means solving a complex mathematical problem that aims to approve the transactions of other individuals. In return, you are rewarded with bitcoins. Receiving bitcoins is sometimes free, but there may be a charge for sending them, depending on the online platform you use. Before you get into bitcoin mining, you need to understand that it is not an easy way to get bitcoins, it requires some technological knowledge that may not be practical for you.
In case you do not know anyone who has bitcoins, you have nothing to sell to exchange bitcoins, there is a way to buy bitcoins. There are several online platforms that sell bitcoins through a process called trading. Here are some ways to buy bitcoins.
Buy bitcoins in person.
There are online markets where you can buy bitcoins from person to person. You can pay these people in cash or in other ways. The good thing is that you և seller can arrange the payment method: cash in person, cash on deposit, bank transfer, PayPal և etc. The key here is to find someone you trust. A good tip is to use escrow online service, this way you can protect yourself from any kind of fraud. The good thing about this online backup platform is that everyone has to upload their scanned ID, this ensures security during transactions.
Buy bitcoins from the stock և outlet.
Bitcoin exchanges or points are mainly online services that make it easier for buyers and sellers to trade bitcoins. All you need to be a part of it is to create an account և get your identity before buying or selling bitcoins.
Buy bitcoins through ATMs.
Some cities around the world offer physical bitcoin ATMs. You just get your bitcoins through them using the local fiat currency. Governments regulate the use of these ATMs for security purposes. Sometimes it can be difficult to find a bitcoin ATM near your location, as even the place where they are placed is regulated.