Collecting Bitcoins to utilize In a Transaction

After acquiring a basic understanding of what bitcoin is and how the wallet really work, you may want to get into the digital currency world and get some bitcoin on your own. Thus Make Money Online arrives to your brain: How do I get bitcoins?

Becoming difficult.

After you get the understanding of the origin of each single bitcoin, which is based on a mining process, you’ll think that the best way to get them is by joining this mining process. The thing is that, this has become very hard, because the fast popularity grow of the crypto currency.

Sell products or services.

Every single bitcoin comes as the consequence of a previous transaction. Thus, the way to get them, when you don’t have any, is by finding a transaction from someone else, once you purchase them using cash or also by mining new bitcoins.

When you know an individual, who uses bitcoins, you can ask him/her to obtain bitcoins. In case you have no idea anyone who posses them, you may get bitcoins by offering a different type of transaction with yet another bitcoin user, resulting you getting paid in bitcoins. The choice option is by mining them yourself.

Mining.

If you happen to cannot purchase bitcoin from another person, you can obtain them by mining them. The word mining here means: solving a complex mathematical problem, which intention is to validate other individuals transactions. In exchange you’re awarded with bitcoins. Receiving bitcoins is sometimes free, but a fee may be included for sending them, this will depend on the online platform you utilize. Before getting into mining bitcoins, you must understand, that it’s not an easy solution to get bitcoins, it requires some tech knowledge, which may not be practical for you personally.

Buy.

In case, you do not know anyone who posses bitcoins, you do not have anything to sell to switch for bitcoins, there’s a way to buy bitcoins. There’re several online platforms, these sell bitcoins by way of a process called trading/exchanging. Here I list some ways you can purchase bitcoins:

Buy bitcoins from the person.

There are online marketplaces where one can buy bitcoins in a person-to-person scheme. It is possible to pay these individuals with cash or by different ways. The nice think is that you and the seller can arrange the payment method: profit person, cash by deposit, bank wire, PayPal, etc. The key element here is to get someone trustworthy. A good tip is utilizing an escrow online service, this way it is possible to protect yourself against any type of fraud. The good thing about these online escrow platform, is that everyone should upload their scanned ID, this guarantees security through the transactions.

Buy bitcoins from an exchange and outlet.

Bitcoin exchanges or outlets are basically online services that make it easier for buyers and seller to do bitcoins transactions. To be part of one of these, all you need is to create a merchant account and obtain your identity verification before you buy or sell bitcoins.

Buy bitcoins through an ATM.

Some cities all over the world offer physical bitcoin ATMs. You just get your bitcoins through them using local fiat currency. Governments regulate the uses of the ATMs for security purposes. Sometimes getting a bitcoin ATM near where you are may be difficult, because even the positioning where they are installed is regulated.

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