Collecting Bitcoins to Use In a Transaction

The question of how to get bitcoins.

After acquiring a basic information about what bitcoin is and how the wallet really work, you might get into the digital currency world and get some bitcoin for yourself. Thus the big question arrives to your mind: When will i get bitcoins?

Becoming difficult.

After you get the knowledge of the origin of every single bitcoin, which is based on a mining practice, you’ll believe that the best way to get them is by joining this mining process. The thing is that, this has become very difficult, because the fast level of popularity grow of the crypto currency.

Sell products or services.

Every single bitcoin comes as the result of a previous transaction. Thus, the way to make them, when you don’t have any, is by receiving a transaction from someone else, when you purchase them using cash or also by mining completely new bitcoins.

When you know an individual, who uses bitcoins, you can ask him/her to get bitcoins. In case you don’t know anyone who hold them, you can get bitcoins by offering another kind of transaction with yet another bitcoin user, resulting you getting paid in bitcoins. The alternative option is by mining them yourself.

Mining.

Should you cannot purchase bitcoin from someone else, you can get them by mining them. The term mining here means: solving a fancy mathematical problem, which intention is to validate other folks transactions. In return you’re awarded with bitcoins. Receiving bitcoins is usually free, but a fee may be included for sending these individuals, it depends on the online platform you use. Before getting into exploration bitcoins, you need to understand, that it’s not an easy way to get bitcoins, it requires some tech knowledge, which may not be practical for you actually.

Buy.

In case, you don’t know anyone who posses bitcoins, you don’t have anything to sell to exchange for bitcoins, there’s a strategy to buy bitcoins. There’re several online platforms, these easily sell bitcoins by a process called trading/exchanging. Here I collection some ways you can purchase bitcoins:

Buy bitcoins from a man.

There are online marketplaces where you can buy bitcoins in a person-to-person scheme. You can pay these individuals with cash or through other ways. The good think is that you and the seller can pay for the payment method: cash in person, cash by first deposit, bank wire, PayPal, etc . The key element here is to look for someone trustworthy. A good tip is using an escrow on the net service, this way you can protect yourself against any kind of dupery. The good thing about these online escrow platform, is that everyone really should upload their scanned ID, this guarantees security over 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 do bitcoins orders. To be part of one of these, all you need is to create an account to get your identity verification before you can 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 neighborhood fiat currency. Governments regulate the uses of these ATMs for security purposes. Sometimes finding a bitcoin ATM in close proximity to your location may be difficult, because even the location where these are definitely installed is regulated. article source