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Collecting Bitcoins to utilize In a Transaction

After acquiring a basic understanding of what bitcoin is and how the wallet really work, you really should get into the digital currency world and obtain some bitcoin on your own. Thus the big question arrives to your mind: How do I get bitcoins?

Becoming difficult.

After you get the knowledge of the origin of each 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. The thing is that, this has become very hard, as the fast popularity grow of the crypto currency.

Sell products or services.

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

When you know a person, who uses bitcoins, you can ask him/her to get bitcoins. In case you don’t know anyone who posses them, you can find 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.

In the event you cannot purchase bitcoin from another person, you will get them by mining them. The term mining here means: solving a complex mathematical problem, which intention is to validate other individuals transactions. In return you’re awarded with bitcoins. Receiving bitcoins may also be free, but a fee could be included for sending them, it depends on the online platform you use. Before getting into mining bitcoins, you must understand, that it’s no easy solution to get bitcoins, it needs some tech knowledge, which may not be practical for you.

Buy.

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

Buy bitcoins from the person.

There are online marketplaces where you could buy bitcoins in a person-to-person scheme. You can pay they with cash or by different ways. The good think is that you and owner can arrange the payment method: profit person, cash by deposit, bank wire, PayPal, etc. hardware is to find someone trustworthy. An excellent tip is utilizing an escrow online service, this way you can protect yourself against any kind of fraud. The great 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 around the world offer physical bitcoin ATMs. You merely get your bitcoins through them using local fiat currency. Governments regulate the uses of these ATMs for security purposes. Sometimes finding a bitcoin ATM near your location may be difficult, because even the location where they are installed is regulated.

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