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 currencies and get some bitcoin for yourself. This is how the big question comes to your mind: How do I get bitcoins?
Getting difficult.
After getting the knowledge of the origin of each bitcoin, which is based on a mining process, you will believe that the best way to get them is by joining this mining process. The thing is, this has become very difficult, due to the rapidly growing popularity of the crypto currency.
Sell products or services.
Each bitcoin comes as a result of a previous transaction. Thus, the way to get them, when you do not have them, is by receiving a transaction from another person, when you buy them in cash or also by mining new bitcoins.
When you meet a person who uses bitcoins, you can ask them 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, resulting in getting paid in bitcoins. The alternative option is to mine them yourself.
Mining.
In case you cannot buy bitcoins from someone else, you can get them by mining them. The term mining here means: solving a complex mathematical problem, the intention of which is to validate transactions from other individuals. In return, they reward you with bitcoins. Receiving bitcoins is sometimes free, but a fee may be included for sending them, it depends on the online platform you use. Before you start mining bitcoins, you must understand that it is not an easy way to get bitcoins, it requires some technical knowledge, which may not be practical for you.
Buy.
In case you don’t know anyone who owns bitcoins, you don’t have anything to sell to exchange for bitcoins, there is a way to buy bitcoins. There are various platforms online, these sell bitcoins through a process called trading/exchange. Here I list some ways in which you can buy bitcoins:
Buy bitcoins from a person.
There are online marketplaces where you can buy bitcoins on a person-to-person basis. You can pay these people in cash or in other ways. The good thing is that you and the seller can agree on the method of payment: cash in person, cash on deposit, bank transfer, PayPal, etc. The key element here is finding someone you trust. A good tip is to use an online escrow service, this way you can protect yourself against any type of fraud. The good thing about this online deposit platform is that everyone needs to upload their scanned ID, this ensures security during transactions.
Buy bitcoins at an exchange and point of sale.
Bitcoin exchanges or outlets are basically online services that make it easy for buyers and sellers to transact bitcoins. To be a 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. You simply get your bitcoins through them using local fiat currency. Governments regulate the uses of these ATMs for security reasons. Sometimes finding a bitcoin ATM near your location can be difficult, because even the location where they set up is regulated.