Collecting Bitcoins to Use In a Transaction

The big question of how to get bitcoins.

Right after acquiring a basic knowledge of what bitcoin is and how the wallet really work, you may want to get into the digital currency world and get some bitcoin on your own. Thus the big question arrives for your mind: How do I get bitcoins?

Becoming difficult.

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

Market products or services.

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

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

Mining.

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

Buy.

Just in case, you don’t know anyone who posses bitcoins, you don’t have anything to sell to exchange regarding bitcoins, there’s a way to buy bitcoins. There’re several online platforms, these types of sell bitcoins by a process called trading/exchanging. Here I list some ways you can purchase bitcoins:

Buy bitcoins from a person.

There are online market segments where you can buy bitcoins in a person-to-person scheme. You can pay these individuals with cash or by other ways. The good think is that you and the seller can arrange the payment method: money in person, cash by deposit, bank wire, PayPal, etc . The key component here is to find someone trustworthy. A great tip is using an escrow on the internet service, this way you can protect yourself against any kind of fraud. The good thing about these types of online escrow platform, is that everyone should upload their scanned ID, this guarantees security during the dealings.

Buy bitcoins from an exchange and outlet.

Bitcoin exchanges or even outlets are basically online providers that make it easier for buyers and seller to do bitcoins transactions. To become part of one of these, all you need is to generate an account and 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 simply get your bitcoins through them making use of local fiat currency. Governments manage the uses of these ATMs intended for security purposes. Sometimes finding a bitcoin ATM near your location may be hard, because even the location where they are installed is regulated.

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