After acquiring a basic understanding of what bitcoin is and how the wallet really work, you really should 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 think that the best way to get them is by joining this mining process. The thing is that, this has become very hard, because the fast popularity grow of the crypto currency.
Sell products or services.
Every single bitcoin comes as 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, once you purchase them using cash or also by mining new bitcoins.
When you know an individual, who uses bitcoins, it is possible to ask him/her to obtain bitcoins. In case you don’t know anyone who posses them, you can aquire 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.
In case you cannot purchase bitcoin from another person, you can aquire them by mining them. The word 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 may also be free, but a fee could be included for sending them, this will depend on the online platform you use. Before getting into mining bitcoins, you need to understand, that it’s not an easy solution to get bitcoins, it needs some tech knowledge, which might not be practical for you personally.
In case, you don’t know anyone who posses bitcoins, you don’t have anything to sell to switch for bitcoins, there’s a way to buy bitcoins. There’re several online platforms, these 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 marketplaces where you could buy bitcoins in a person-to-person scheme. Bitcoin Cash Token can pay they with cash or by other ways. The nice think is that you and the seller can arrange the payment method: cash in person, cash by deposit, bank wire, PayPal, etc. The key element here is to get someone trustworthy. An excellent tip is utilizing an escrow online service, in this manner you can protect yourself against any type of fraud. The good 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 do bitcoins transactions. To be part of one of these, all you need is to create an account and obtain 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 getting a bitcoin ATM near your location could be difficult, because even the positioning where these are installed is regulated.