Collecting Bitcoins to Use In a Transaction

The big question is how to get bitcoins.

With a basic idea of what bitcoin is and how your wallet actually works, you might want to dive into the world of digital currency and buy bitcoin. So I have a big question: how to get bitcoins?

Be firm.

Knowing the origin of each individual bitcoin, which is based on the mining process, you will think that the best way to get them is to participate in this mining process. The fact is that it has become very difficult, as the cryptocurrency is rapidly gaining popularity.

Sell goods or services.

Each bitcoin is the result of a previous transaction. So the way to get them, if you don’t have them, is to get a transaction from someone else, buy them for cash, or also get a new bitcoin.

If you know someone who uses bitcoins, you can ask them to get bitcoins. If you don’t know anyone to whom they belong, you can get bitcoins by offering a different type of transaction only with another bitcoin user by paying yourself bitcoins. The alternative is to extract them yourself.

Mining.

If you can’t buy bitcoin from someone else, you can get it by extracting it. The term “mining” in this case means: solving a complex mathematical problem, which is aimed at verifying the transactions of others. Sometimes getting bitcoins is free, but you can charge you for sending it depending on the online platform you use. Before you start mining bitcoin, understand that this is not an easy way to get bitcoin, it requires technical knowledge that may be impractical for you.

Buy.

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 several online platforms they sell bitcoins through a process called trade/exchange. Here I list some ways to buy bitcoins:

Buy bitcoins from one person.

There are online trading platforms where you can buy bitcoins by individual order. You can pay these people in cash or other ways. A good idea is that you and the seller can agree on a way of paying: cash, deposit, bank transfer, PayPal, etc. A good advice is to use an online escrow service to protect yourself from any type of fraud. The advantage of this online escrow platform is that everyone has to download their scanned ID, which provides security during transactions.

Buy bitcoins at exchanges and points of sale.

Bitcoin exchanges or points of sale are, in fact, online services that facilitate bitcoin transactions for buyers and sellers. To become a part of any of them, all you have to do is create an account and get proof of your identity before you can buy or sell bitcoin.

Buy bitcoins from an ATM.

Some cities around the world offer physical bitcoin ATMs. You just get through them your bitcoins using the local fiat currency. Governments regulate the use of these ATMs for security reasons. Sometimes it is difficult to find a bitcoin ATM near your location, because even the place where they are installed is regulated.