The big question is how to get bitcoin.
After gaining a basic knowledge of what bitcoin is and how a wallet actually works, you may want to get into the world of digital currency and get yourself some bitcoins. So you have a big question: how do I get bitcoin?
It’s getting hard.
Once you gain knowledge about the origins of each bitcoin that is based on the mining process, you will believe that the best way to get them is to join this mining process. The fact is that it has become very difficult because the popularity of cryptocurrency is growing rapidly.
Sell goods or services.
Each bitcoin comes as a result of a previous transaction. So, the way to get them if you don’t have them is to get a transaction from someone else, buy them using cash, or get new bitcoins.
If you know a person who uses bitcoin, you can ask him to get bitcoin. In case you don’t know anyone who owns them, you can get bitcoin by offering a different type of transaction only with another bitcoin user, resulting in you getting money in bitcoins. An alternative is to extract them yourself.
In case you can’t purchase bitcoin from someone else, you can get them by mining them. The term mining here means: the solution of a complex mathematical problem, the purpose of which is to verify the transactions of others. In return you are rewarded with bitcoins. Receiving bitcoins is sometimes free, but you may be charged for sending them, depending on the online platform you use. Before you engage in bitcoin mining, you need to understand that this is not an easy way to get bitcoin, it requires certain technical knowledge that may not be practical for you.
In case you don’t know anyone who owns bitcoins, you have nothing to sell to exchange for bitcoin, there is a way to buy bitcoin. There are several online platforms, they sell bitcoin through a process called trading / exchanging. Here are some ways to buy bitcoins:
Buy bitcoin from a person.
There are exchanges on the Internet where you can buy bitcoin on a “person to person” basis. You can pay these individuals in cash or otherwise. A good idea is that you and the seller can arrange a method of payment: cash, cash on deposit, bank transfer, PayPal, etc. The main element is to find someone who is trustworthy. Good advice – use the online escrow service, so you can protect yourself from any fraud. The good thing about the online deposit platform is that everyone has to download a scanned ID, which ensures security during transactions.
Buy bitcoin on the exchange and in the outlet.
Bitcoin exchanges or outlets are mainly online services that make it easier for buyers and sellers to trade with bitcoins. To become part of one of them, you just need to create an account and get an identity card before you can buy or sell bitcoin.
Buy bitcoin through an ATM.
Some cities around the world offer physical bitcoin ATMs. You just get your bitcoins through them using local currency. Governments regulate the use of these ATMs for security purposes. Sometimes finding a bitcoin ATM near your location can be difficult, as even where they are installed is regulated.