3 popular ways to get Bitcoin
There are a number of ways you can get Bitcoin just as one gets traditional money, the same thing applies to bitcoin. Such ways are:
- Providing services and getting paid in bitcoins
Just like traditional money, you can earn bitcoin by providing goods or services, and asking for people to pay you in Bitcoin rather than in traditional money. This is often a cheaper and easier alternative to other payment methods and one of the easiest ways to get your hands on some Bitcoin.
- Buying Bitcoin
Another way you could get Bitcoins is to buy it from a credible Bitcoin broker or exchange provider. An example of such is Luno. This is similar to how you would buy foreign currency at your bank or shares online. This is often the easiest way to get Bitcoin because you are virtually guaranteed that someone will be willing to sell their Bitcoin to you on such a platform.
- Bitcoin Minning
You can also get Bitcoin by mining for it, but this can very difficult to do for the average person. Most mining is now done by huge companies with very expensive and highly specialized equipment, which a typical person or computer cannot compete with. So unless you have a lot of expertise and a huge amount of money to spend on this, rather just buy or earn the Bitcoin.
In summary, Bitcoin can be bought on exchanges, or directly from other people via marketplaces. You can pay for them in a variety of ways, ranging from hard cash to credit and debit cards to wire transfers, or even with other cryptocurrencies, depending on who you are buying them from and where you live.