A few ways to get Bitcoin

in #money7 years ago (edited)

1. Exchange


2. Trade altcoins for Bitcoin


3. Work


Exchange


There are a number of exchanges online that you can use to buy Bitcoin at current market value. Almost if not all of these exchanges will ask you to prove your identity. This is a requirement by most governments because of anti money laundering laws. This method will take about a week to complete the process.


The process


1. Place an order for Bitcoin


2. Transfer money to exchange


a. Wire transfer


b. Third party service


3. Once the money has cleared processing you receive your Bitcoin. At the price for when you placed the order.


Helpful tip


If you are looking to get the bet price for Bitcoin transfer your money to the exchange. Before you need or want to buy. So that way when you see the price you want your order will be processed right away and you wont have to wait


a week.


Here is a great site for helping you find an exchange near you http://www.changer.com/?refid=118851


Trade altcoins for Bitcoin


There are thousands of altcoins out there, with hundreds of them able to be traded for Bitcoin on altcoin exchanges. The altcoins are new and much more cost effective to mine. You can pick one of these coins and use your computer GPU to mine said altcoin. You can transfer these to an exchange and sell them to someone else who wants them for 




.This can be very tricky business because there are a lot of people attempting to do the same thing so the price can swing rapidly. Once you have sold your coins on whatever exchange to Choose. Just simply transfer your Bitcoins to your personal wallet on your computer or phone.