Collecting Bitcoins to use In a Transaction

The big question of how to get bitcoins.

After acquiring a basic familiarity with what bitcoin is and how the wallet really work, you may want to get into the digital currency world and get some bitcoin for yourself. Thus the big question arrives to your mind: How do i get bitcoins?

Becoming difficult.

After you get the familiarity with the origin of each and every single bitcoin, which is based on a mining process, you’ll believe that the best way to get them is by joining this mining process. Parallels, it has become very difficult, because the fast popularity grow of the crypto currency.

Sell products.

Every single bitcoin comes as the result of a previous transaction. Thus, the way to get them, when you don’t have any, is by getting a transaction from someone else, when 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 get bitcoins. In case you don’t know anyone who have them, you can get bitcoins by offering a different sort of transaction with merely another bitcoin user, resulting you getting paid in bitcoins. The alternative option is by mining them yourself. How to invest in cryptocurrency 2020

Mining.

In case you cannot purchase bitcoin from someone else, you can get them by mining them. The term mining here means: clearing up a complex statistical problem, which plan is to confirm other individuals transactions. In return you’re granted 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 getting into mining bitcoins, you must understand, that it’s not an easy way to get bitcoins, it requires some tech knowledge, which may not be practical for you.

Buy.

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

Buy bitcoins from a person.

There are online market segments where you can buy bitcoins in a person-to-person scheme. You can pay they with cash or by other ways. The good think is that you and the seller can arrange the payment method: money in person, cash by deposit, bank line, PayPal, etc. The key element here is to find someone trustworthy. A good tip is using an escrow online service, this way you can protect yourself against any kind of fraud. Numerous about these online escrow platform, is that everyone should add their scanned ID, this guarantees security during the transactions.

Leave a Reply

Comment
Name*
Mail*
Website*