The big question about how to get bitcoins.
After gaining basic knowledge of what bitcoin is and how a wallet really works, you may want to enter the world of cryptocurrencies and get some bitcoin for yourself. So the big question hits your mind: How do I get bitcoins?
It becomes difficult.
After you get to know the origin of each Bitcoin, which depends on the mining process, you will think that the best way to obtain it is by joining this mining process. The thing is, this has become very difficult, because the growing popularity of cryptocurrency.
Selling products or services.
Every Bitcoin coin is the result of a previous transaction. Thus, the way to get it, when you don’t have any, is by receiving a transaction from someone else, when you buy it with cash or also by extracting new bitcoins.
When you know someone who uses bitcoins, you can ask him / her to get the bitcoins. In the event that you don’t know anyone who owns them, you can obtain bitcoins by offering another type of transaction with another Bitcoin user, which leads to you acquiring bitcoins. An alternative option is to mine it yourself.
In the event that you cannot buy bitcoin from someone else, you can get it by mining it. The term mining here means: to solve a complex mathematical problem, and the intent is to validate other individuals’ transactions. In return, you get bitcoins. Sometimes receiving bitcoins is free, but a fee may be involved for sending them, depending on the online platform you are using. Before getting into Bitcoin mining, you need to understand that it is not an easy way to obtain bitcoins, it requires some technical knowledge, which may not be practical for you.
In the event that you don’t know anyone who owns bitcoins, and you don’t have anything to sell to exchange bitcoins, there is a way to buy bitcoins. There are many platforms online, selling bitcoins through a process called trading / exchange. Here I list some of the ways you can buy Bitcoins:
Buying bitcoins from someone.
There are online marketplaces where you can buy bitcoins on a personal system. You can pay these individuals with cash or other methods. A good idea is that you and the seller can arrange the method of payment: personal cash, cash by deposit, bank transfer, PayPal, etc. The key here is finding someone who is trustworthy. A good advice is to use an online escrow service, this way you can protect yourself from any kind of fraud. The good thing about this online security platform, is that everyone has to upload their scanned ID, and this ensures security during transactions.
Buying Bitcoins from the exchange and outlet.
Bitcoin exchanges or gates are essentially online services that make it easier for buyers and sellers to conduct Bitcoin transactions. To be a part of one of these, all you need is to create an account and have your identity verified before you can buy or sell bitcoins.
Buying Bitcoins through an ATM.
Some cities around the world offer physical ATMs for Bitcoin. You can only get your Bitcoins with 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, because even the location where it is installed is a regulator.