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 some bitcoins for yourself. So the big question comes to your mind: How can I get bitcoins?
Getting difficult.
After knowing the origin of each bitcoin, which is based on a mining process, you will believe that the best way to get them is to join this mining process. The thing is that, this has become very difficult, because of the rapidly growing popularity of cryptocurrency.
Sell products or services.
Each bitcoin is the result of a previous transaction. So, the way to get it, when you don’t have it, is to receive a transaction from someone else, when you buy it with cash or even mining new bitcoins.
When you know an individual, who uses bitcoins, you can ask him to get bitcoins. In case you don’t know anyone who owns them, you can get bitcoins by offering another type of transaction with just another bitcoin user, which will get you paid in bitcoins. The alternative option is to mine them yourself.
Mining.
If you can’t buy bitcoin from someone else, you can get it by mining. The term mining here means: solving a complex mathematical problem, whose intention is to validate the transactions of other individuals. In return you are rewarded with bitcoins. Receiving bitcoins is sometimes free, but a fee may be included for sending, depending on the online platform you use. Before entering the mining bitcoins, you need to understand, that it is not an easy way to have bitcoins, it requires some technological knowledge, which may not be practical for you.
Buy it.
If you do not know anyone who owns bitcoins, you have nothing to sell to exchange for bitcoins, there is a way to buy bitcoins. There are many online platforms, these sell bitcoins through a process called trading/exchange. Here are some ways to buy bitcoins:
Buy bitcoins from a person.
There are online markets where you can buy bitcoins in a person-to-person scheme. You can pay these individuals with money or by other means. The good thing 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 find someone you trust. A good tip is to use an online escrow service, this way you can protect yourself from any kind of fraud. The good thing about these online escrow platforms, is that everyone must upload their scanned ID, this guarantees security during transactions.
Buy bitcoins from an exchange and outlet.
Bitcoin exchanges or outlets are basically online services that make it easier for buyers and sellers to make bitcoin transactions. To be part of one of these, all you need is to create an account and get your identity verified before you can buy or sell bitcoins.
Buy bitcoins through an ATM.
Some cities around the world offer physical bitcoin ATMs. Just get your bitcoins through using the local fiat currency. Governments regulate the uses of these ATMs for security purposes. Sometimes finding a bitcoin ATM near your place can be difficult, because even the place where these are installed is regulated.