Collecting bitcoins for use in a transaction

The big question is how to get bitcoins.

After gaining a basic knowledge of what bitcoin is and how it works, you may enter the world of digital currency and acquire bitcoin yourself. So, the big question comes to mind: How can I get bitcoins?

It becomes difficult.

Once you get the knowledge of the origin of each Bitcoin, which is based on a mining process, you think the best way to get them is to get into this mining process. The thing is that this has become very difficult because the popularity of crypto currency is fast.

Selling products or services.

Each Bitcoin comes as a 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 it using money, or to exploit new bitcoin.

When you meet a person who uses bitcoins, you can ask them to get bitcoins. If you don’t know anyone who owns it, you can get bitcoin by offering a different type of transaction with another bitcoin user, and as a result you will pay in bitcoin. The alternative is to exploit yourself.

Mining.

If you can’t buy bitcoin from someone else, you can rip it out. The term mining means that to solve a complex mathematical problem, the intention is to validate other people’s transactions. They reward you with bitcoins in return. Picking up Bitcoin is sometimes free, but a fee can be sent, depending on the online platform you use. Before getting into bitcoins mining, you need to understand that there is no easy way to get bitcoins, it needs some technological knowledge, which may not be practical for you.

Buy.

Just in case you don’t know anyone who has bitcoin, you don’t sell anything to exchange bitcoins, there is a way to buy bitcoins. There are several online platforms that 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 from one person to another. You can pay these people in cash or in other ways. It is a good idea that you and the seller can arrange the method of payment: cash face to face, money by deposit, bank payment, PayPal, etc. The key element here is finding someone you can trust. A good tip is to use an online bond service to protect yourself against any type of scam in this way. The good thing about these online bonded platforms is that everyone needs to upload a scanned ID, which ensures security during transactions.

Buy bitcoins in exchange and at a store.

Bitcoin exchanges or outlets are basically online services that make it easier for buyers and sellers to make bitcoins transactions. To be a part of one of these, all you need to do is create an account and get your identity verified before buying or selling bitcoins.

Buy bitcoins through an ATM.

Some cities around the world offer physical bitcoin ATMs. You can get your bitcoins through them using local fiat currency. Governments regulate the use of these ATMs for security purposes. Sometimes, bitcoin can be difficult to find at your ATM because the place where these are installed is also regulated.