The big question is how to get bitcoins.
After getting a basic understanding of what bitcoin is and how the wallet really works, you may want to enter the world of digital currency and get some bitcoin for yourself. So the big question comes to mind: how do I get bitcoins?
After gaining knowledge of the origin of each individual bitcoin, which is based on a mining process, you will believe that the best way to get them is by participating in this mining process. The point is that this has become very difficult as the rapid popularity of the cryptocurrency is growing.
Sell products or services.
Each bitcoin is the result of a previous transaction. So the way to get them, if you don’t have one, is by receiving a transaction from someone else, when you buy them with cash or also by mining new bitcoins.
When you know a person who uses bitcoins, you can ask him/her to get bitcoins. If you don’t know anyone who owns them, you can get bitcoins by offering a different kind of transaction with just another bitcoin user, which will get you paid in bitcoins. The alternative option is to mine them yourself.
If you can’t buy bitcoin from someone else, you can get them by mining them. The term mining here means: solving a complex mathematical problem, with the intention of validating transactions of other individuals. In exchange, you get bitcoins. Receiving bitcoins is sometimes free, but sending them may be subject to a fee, depending on the online platform you use. Before you start mining bitcoins, understand that it is not an easy way to get bitcoins, it requires some technical knowledge, which may not be practical for you.
In case you don’t know anyone who owns bitcoins, you have nothing to sell to exchange for 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 some ways you can buy bitcoins:
Buy bitcoins from a person.
There are online marketplaces where you can buy bitcoins on a personal schedule. You can pay these individuals in cash or in other ways. The good idea is that you and the seller can arrange the payment method: cash in person, cash via deposit, bank transfer, PayPal, etc. The key element here is to find someone who is trustworthy. A good tip is to use an escrow online service, so you can protect yourself against any form of fraud. The good thing about this online escrow platform is that everyone has to 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 sellers to transact Bitcoins. To be a part of one of these, all you need to do is create an account and get your identity verification before you can buy or sell bitcoins.
Buy bitcoins through an ATM.
Some cities around the world offer physical bitcoin ATMs. You just get your bitcoins through it using local fiat currency. Governments regulate the use of these ATMs for security purposes. Sometimes it can be difficult to find a bitcoin ATM near your location because even the location where they are installed is regulated.