How to collect Bitcoins to use in a transaction?

After gaining a basic understanding of what Bitcoin is and how the wallet works, you may want to get into the digital currency world and purchase Bitcoin yourself. So the big question comes to mind:

How to get bitcoins?

Sell ​​products or services

Each Bitcoin comes from the result of a previous transaction. The way to get them if you don't have them is to get a transaction from someone else 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 who owns them, you can get bitcoins by offering a different type of transaction with just another bitcoin user, which allows you to be paid in bitcoins. The alternative option is to extract 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, the purpose of which is to validate other people's transactions. In return, you get bitcoins. Receiving bitcoins is sometimes free, but depending on the online platform you use, fees for sending bitcoins may be included. Before you start mining Bitcoin, you need to understand that getting Bitcoin is not an easy way. It requires technical knowledge that may not be practical for you.

Buy

If you don't know anyone who owns bitcoins, you have nothing to sell to trade bitcoins. Several online platforms sell bitcoins through a process called Trading / Exchange.

Listed below are ways to buy bitcoins:

Buy bitcoins from someone

There are online marketplaces where you can buy bitcoins from person to person. You can pay these people in cash or in some other way. The good idea is that you and the seller can organize the payment method: cash, bank transfer, PayPal, etc. The key here is to find someone you can trust. Good advice is to use an online escrow service so you can protect yourself from any kind of fraud. The good thing about these online platforms 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 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

You can get your bitcoins easily with local fiat money. Governments regulate the use of these ATMs for security purposes. Sometimes it can be difficult to find a Bitcoin ATM near your location because even the location where it is installed is regulated.

Buy through Swift wire transfer

How to buy Bitcoin with Swift wire transfer? Swift wire transfers are popular for many reasons when buying bitcoins. The transfer method can be used regardless of where you live as long as you have money in your bank account. The security features are high because the money can be returned if the error is noticed and the bank representatives are informed. Different platforms to buy bitcoins via Swift wire transfer are Bitfinex, Local Bitcoin, 247exchange, etoro, Cubit, Paxful BTC traders, and so on.