Where to get bitcoins
The originality of Bitcoin dwells in the fact that even though it is software, it’s impossible to copy it. You can either mine it or get it from someone who already owns it. This cryptocurrency meant a technological advance in the payment system and, as a result, dwarfed all banks.
Today, there are many ways how to obtain bitcoins:
- Bitcoin mining
- Register with one of the exchanges where you can buy bitcoins directly at source
- There are also services where you can buy bitcoins with real cash
- You can use a bitcoin ATM
- You can also purchase bitcoins via on-line Bitcoin trading platforms
- You can claim bitcoins instead of ‘real’ money for your services and products
A frequent way of obtaining bitcoins is to create new ones. The term ‘bitcoin mining’ has become popular. However, it’s nothing else than processing and verifying transactions of bitcoins between the users. It’s necessary to mention here that those who are mining know nothing about the senders or receivers. The whole process is completely anonymous. There are only users and those who are mining bitcoins (miners) within the bitcoin network. All information on bitcoin mining can be accessed on the link How to mine bitcoins.
Buying bitcoins from bitcoin exchanges.
The most cost-effective method of getting bitcoins is buying them directly from the bitcoin exchange of which there are many to choose from: However, these exchanges require identity checks, so bear in mind it will take some time.
This is one of the largest American exchanges. It’s very popular among its users because it combines the features of a broker and allows leveraged trading or speculating on price decline. In was robbed in 2016 when approximately 120, 000 bitcoins was stolen. That’s why it currently faces lots of problems, not just due to the decline in the number of its users but also because of a number of lawsuits. It allows its users, for example, borrowing money (dollars, bitcoins) with an interest who then speculate with it.
This is the largest bitcoin exchange in Europe, where you can perform money transfers through SEPA service, saving your bank money on transfer fees. This is a very trustworthy exchange to which are often connected bitcoin ATMs in Europe. This exchange was robbed in 2015, but has recovered very well and tries to make up for the loss.
One of the first bitcoin exchanges in the world. This exchange remains anonymous, so the names of the owners are not known. But rumour has it that the actual owners are two Russian citizens. Despite being run anonymously, it has been never robbed and has always run smoothly throughout its history. Unlike other exchanges, it also allows participants to buy or sell alternative currencies, such as Lotecoin, Peercoin, etc.
Like BTC-e, this exchange is also anonymous. It allows buying and selling not just bitcoins, but also other currencies, such as Litecoin or Peercoin. It’s one of the most sophisticated exchanges which aims to be stable even when used by a large number of users.
The largest bitcoin exchange in the world, in terms of exchange volume per day. Unlike the rest of the world, it trades several times larger quantities of bitcoins. This is because it doesn’t charge fees for each transaction, but instead makes profit on withdrawals or deposits. It uses the Chinese yuan for trading.
One of the largest exchanges for selling and buying bitcoins. We haven’t got much experience with this exchange, but it seems to be running smoothly. This exchange is accepting creditor claims against the bankrupt Mt.Gox.
This is a Chinese exchange that charges no fees on transactions, you only get charged for deposits and withdrawals.
This exchange, unlike the others, primarily focuses on trading cryptocurrencies. You can trade hundreds of different Altcoins for bitcoins on this exchange.
Buying bitcoins in person
Buying bitcoins using a bitcoin ATM
The number of bitcoin ATMs has recently increased dramatically all over the world. Just in the last 30 days, new bitcoin ATMs have been installed worldwide. The current number of bitcoin ATMs is and has been growing explosively. If you are looking for a bitcoin ATM, we recommend visiting the following website: coinatmradar.com, where you can find the nearest bitcoin ATM to your location. The bitcoin ATMs can be used both for buying and selling bitcoins.
Buying bitcoins from online seller
Another possibility how to purchase bitcoins is using one of the on-line trading platforms.