Finance

Collecting Bitcoins to Use In a Transaction

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The big question of how to get bitcoins.

After gaining a basic understanding of what Bitcoin is and how the wallet really works, you may want to step into the world of digital currency and buy Bitcoin for yourself. So the big question comes to mind: how are paper wallets the future?

Be tough.

After knowing the origin of every bitcoin that is based on a mining process, you will think that the best way to get it is to participate in that mining process. The fact is that this has become very difficult with the increasing popularity of crypto currency.

Sell ​​products or services.

Every single bitcoin is the result of a previous transaction. The way to get them if you don’t have them is to get someone else’s transaction when you buy them in cash or by extracting new bitcoins.

If you know someone who uses bitcoins, you can ask them to get bitcoins. If you don’t know anyone they belong to, you can get bitcoins by offering a different type of transaction with another Bitcoin user, by being paid in bitcoins. The alternative is to take advantage of them yourself.

Mining.

If you can’t buy Bitcoin from someone else, you can get it by mining it. The term mining here means: solving a complex mathematical problem aimed at validating other people’s transactions. In return, you will be rewarded with bitcoins. Receiving bitcoins is sometimes free, but depending on the online platform you use, you may be charged fees for sending. Before you mine bitcoins, please understand that getting bitcoins is not an easy way. It requires technical knowledge that may not be practical for you.

To buy.

If you don’t know anyone who owns bitcoins, you have nothing to sell to trade bitcoins. There is a way to buy bitcoins. There are several online platforms that sell bitcoins through a process called Trading / Exchange. Here are some ways to buy bitcoins:

Buy bitcoins from someone.

There are online markets where you can buy bitcoins in a personal plan. You can pay these people in cash or in some other way. The good idea is that you and the seller can arrange the payment method: cash in person, cash in a deposit, bank transfer, PayPal, etc. Here it is important to find someone you can trust. A good tip is to use an online escrow service so you can protect yourself from all types of fraud. The nice thing about this online engagement platform is that everyone has to download their scanned ID. This ensures security in transactions.

Buy bitcoins on a stock exchange and at a point of sale.

Bitcoin exchanges or sales outlets are essentially online services that make it easier for buyers and sellers to trade Bitcoins. To be part of it, all you have to do is create an account and get your identity verification 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 with local fiat money through them. Governments regulate the use of these ATMs for security purposes. Sometimes it can be difficult to find a Bitcoin ATM near you because even the place where they are installed is regulated.

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