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 currencies and get some bitcoins for yourself. So you have a big question: how do I get bitcoin?
It’s getting hard.
Once you learn 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 products or services.
Each bitcoin is the result of a previous transaction. So the way to get them when you don’t have them is to get a transaction from someone else if you buy them for cash or also mining new bitcoins.
If you know a person who uses bitcoin, you can ask him / her 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, causing you to be paid 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 get a bitcoin. Receiving bitcoins is sometimes free, but may include a fee for sending them, depending on the online platform you use. Before you start mining bitcoin, you need to understand that it is a difficult way to get bitcoin, it requires some technical knowledge that may be impractical 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 / exchange. Here are some ways to buy bitcoins:
Buy bitcoin from a person.
There are online marketplaces where you can buy bitcoin on a person-to-person basis. You can pay these individuals in cash or otherwise. It is good to think that you and the seller can agree on the method of payment: cash in person, cash through a deposit, bank transfer, PayPal, etc. The key element here is to find a person you can trust. Good advice – use an online escrow service so you can protect yourself from any kind of fraud. The good thing about this online deposit platform is that everyone has to upload their scanned ID, which ensures security during transactions.
Buy bitcoin on the stock exchange and in the outlet.
Exchanges or Bitcoin outlets are mainly online services that make it easier for buyers and sellers to make transactions with bitcoins. To become part of one of them, all you need is to create an account and verify your identity 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 fiat currency. Governments regulate the use of these ATMs for security purposes. Sometimes finding a bitcoin ATM near your location can be difficult because even the place where they are installed is regulated.