There are plenty of different ways and methods to get Bitcoin. Here are some of the options that you can consider:
Online Exchanges and Wallets
New to Bitcoin? There’s a variety of exchanges and wallets that you can find, depending on your needs. Many exchanges and wallets will store amounts of digital and/or fiat currency for you – a lot like a regular bank account.
If you’re using an exchange, follow these simple steps:
- First, create an account and fill in the required information.
- Get verified by providing the requisite identification, such as a government issued ID.
- Get your bank account verified by registering your information and confirming the micro deposit sent to you.
- Select the currency you want to exchange into Bitcoin and transfer the funds via your bank account or a credit card.
Face to Face
You also have the option of getting or trading Bitcoin in person. If you want anonymity or don’t want to deal with banks, simply acquire Bitcoin via a face-to-face transaction with a local seller.
Selling Goods in Exchange for Bitcoin
Similar to barter trade, you can actually exchange goods that you own for Bitcoin. It’s another quick and convenient way of getting more of the digital currency.
You can withdraw or deposit Bitcoin using Bitcoin ATM machines near you.
You can also be awarded Bitcoin as a miner—once you’ve verified transactions and they’ve been added to the public ledger, also known as the blockchain, you’ll be given Bitcoin for your service.
As for paying for your Bitcoin, you can use anything from hard cash, credit and debit cards to wire transfers, or even other cryptocurrencies.
New to blockchain? Check out CoinGeek’s Blockchain for Beginners section, the ultimate resource guide to learn more about blockchain technology.