After acquiring a basic understanding of what bitcoin is and the way the wallet really work, you might like to enter the digital currency world and get some bitcoin on your own. Thus the big question arrives to your brain: How do you get bitcoins?
After you get the understanding of the origin of every single bitcoin, which is predicated on a mining process, you’ll believe that the best way to have them is by joining this mining process. The thing is, this has become very difficult, because the fast 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 get them, when you haven’t any, is by finding a transaction from someone else, once you purchase them using cash or also by mining new bitcoins.
When you know a person, who uses bitcoins, you can ask him/her to obtain bitcoins. In case you don’t know anyone who posses them, you can find bitcoins by offering a different type of transaction with just another bitcoin user, resulting you getting paid in bitcoins. The choice option is by mining them yourself.
Just in case you cannot purchase bitcoin from another person, you can get them by mining them. The term mining here means: solving a complex mathematical problem, which intention is to validate other individuals transactions. In return you’re awarded with bitcoins. Receiving bitcoins is sometimes free, but a fee may be included for sending them, this will depend on the online platform you use. Before getting into mining bitcoins, you must understand, that it’s not an easy solution to get bitcoins, it requires some tech knowledge, which might not be practical for you.
In case, you don’t know anyone who posses bitcoins, you don’t have anything to sell to switch for bitcoins, there’s a solution to buy bitcoins. There’re several online platforms, these sell bitcoins by a process called trading/exchanging. Here I list some methods for you to purchase bitcoins:
Buy bitcoins from a person.
There are online marketplaces where you can buy bitcoins in a person-to-person scheme. Tipping Token is possible to pay these individuals with cash or by other ways. The nice think is that you and the seller can arrange the payment method: profit person, cash by deposit, bank wire, PayPal, etc. The main element element here is to find someone trustworthy. An excellent tip is using an escrow online service, this way you can protect yourself against any type of fraud. The great thing about these online escrow platform, is that everyone should upload their scanned ID, this guarantees security during 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 accomplish bitcoins transactions. To be part of one of these, all you have to is to create an account and get your identity verification before you can buy or sell bitcoins.
Buy bitcoins via an ATM.
Some cities all over the world offer physical bitcoin ATMs. You just get your bitcoins through them using local fiat currency. Governments regulate the uses of these ATMs for security purposes. Sometimes finding a bitcoin ATM near where you are may be difficult, because even the positioning where they are installed is regulated.