Collecting Bitcoins to Use In a Transaction

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

Becoming difficult.

After you get the knowledge 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 that, this has become very difficult, as 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, when you purchase them using cash or also by mining new bitcoins.

When you know a person, who uses bitcoins, it is possible to ask him/her to get bitcoins. In case you have no idea anyone who posses them, you will get bitcoins by offering a different type of transaction with yet another bitcoin user, resulting you getting paid in bitcoins. The choice option is by mining them yourself.

Mining.

If you happen to cannot purchase bitcoin from someone else, you may 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 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 no easy solution to get bitcoins, it needs some tech knowledge, which might not be practical for you personally.

Buy.

In case, you do not 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 Bitcoin Cash list some methods for you to purchase bitcoins:

Buy bitcoins from the person.

There are online marketplaces where you can buy bitcoins in a person-to-person scheme. You can pay they 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 key element here is to find someone trustworthy. An excellent tip is using an escrow online service, this way you can protect yourself against any sort of fraud. The great thing about these online escrow platform, is that everyone should upload their scanned ID, this guarantees security through 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 get your identity verification before you buy or sell bitcoins.

Buy bitcoins through 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 the ATMs for security purposes. Sometimes getting a bitcoin ATM near your location may be difficult, because even the location where they are installed is regulated.

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