Collecting Bitcoins to Use In a Transaction

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 for yourself. Thus the big question arrives to your brain: How do you get bitcoins?

Becoming difficult.

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

Sell products or services.

Every single bitcoin comes because the consequence of a previous transaction. Thus, the best way to get them, when you haven’t any, is by finding a transaction from someone else, when 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 have no idea anyone who posses them, you will get bitcoins by offering another kind of transaction with just another bitcoin user, resulting you getting paid in bitcoins. The choice option is by mining them yourself.

Mining.

Just in case you cannot purchase bitcoin from someone else, you may get them by mining them. The word mining here means: solving a complex mathematical problem, which intention would be to validate other individuals transactions. In return you’re awarded with bitcoins. Receiving bitcoins may also be free, but a fee could be included for sending them, it depends on the online platform you utilize. Before getting into mining bitcoins, you must understand, that it’s not an easy way to get bitcoins, it requires some tech knowledge, which may not be practical for you personally.

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 solution to buy bitcoins. There’re several online platforms, these sell bitcoins by way of 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. It is possible to pay these individuals with cash or by other ways. The nice think is that you and owner can arrange the payment method: profit person, cash by deposit, bank wire, PayPal, etc. The main element element here is to get someone trustworthy. A good tip is using an escrow online service, this way you can protect yourself against almost any 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 which 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 obtain your identity verification before you can buy or sell bitcoins.

Buy bitcoins through an ATM.

Some cities around the globe 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 getting a bitcoin ATM near your location may be difficult, because even the positioning where these are installed is regulated.