Collecting Bitcoins to Use In a Transaction

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The big question of how to get bitcoins.

After gaining a basic understanding of what bitcoin is and how the wallet actually works, you may want to enter the world of digital currency and get bitcoin on your own. So the big question comes to your mind: how to get bitcoins?

Become difficult.

After knowing the origin of each bitcoin, which is based on a data mining process, you will think that the best way to get it is to join this data mining process. The fact is that it has become very difficult, as the rapid popularity of cryptocurrency is increasing.

Sell ​​products or services.

Each bitcoin comes from the result of a previous transaction. So the way to get them, when you don't have them, is to receive a transaction from someone else, when you buy them in cash or also by extracting new bitcoins.

When you know someone who uses bitcoins, you can ask them to get bitcoins. In case you don't know anyone who owns them, you can get bitcoin by offering a different kind of transaction with just another bitcoin user, which allows you to get paid in bitcoin. The alternative option is to extract them yourself.

Mining.

If you can't buy bitcoin from someone else, you can get it by mining it. The term mining here means: solving a complex mathematical problem, the intention of which is to validate the transactions of other individuals. In return, you receive bitcoins. Receiving bitcoins is sometimes free, but fees may be included for sending them, depending on the online platform you use. Before you get started in bitcoin mining, you need to understand that this is not an easy way to get bitcoins, it requires technical knowledge, which may not be practical for you .

Buy.

In case you don't know anyone who owns bitcoins, you have nothing to sell to trade bitcoins, there is a way to buy bitcoins. There are several online platforms, these sell bitcoins through a process called trading / exchange. Here, I list a few ways to buy bitcoins:

Buy bitcoins from someone.

There are online marketplaces where you can buy bitcoins in a person-to-person scheme. You can pay these people in cash or by other means. The good idea is that you and the seller can organize the payment method: cash, cash, bank transfer, PayPal, etc. The key thing here is to find someone you can trust. A good tip is to use an online escrow service, that way you can protect yourself from any type of fraud. The good thing about this online engagement platform is that everyone has to upload their scanned ID, this ensures security during transactions.

Buy bitcoins at an exchange and a point of sale.

Bitcoin exchanges or outlets are essentially online services that make it easier for buyers and sellers to trade bitcoins. To be part of it, you just need to create an account and get your identity verification before you can buy or sell bitcoins.

Buy bitcoins via an ATM.

Some cities around the world offer physical bitcoin ATMs. You simply get your bitcoins through them using local fiat money. Governments regulate the use of these ATMs for security purposes. Sometimes finding a Bitcoin ATM near your location can be difficult, as even the location where these are installed is regulated.


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