Easy ways How to Get Bitcoin

There are many easy ways to get bitcoin, by earning bitcoin, buying bitcoin or even mining
cryptocurrency at home. Here are some of the options for getting bitcoin:

1. Buy bitcoin through an exchange. Whether it’s through a beginner-friendly mobile app like Cash App
or sophisticated peer-to-peer exchanges that don’t require know-your-customer information, like Bisq,
one of the fastest ways to get bitcoin is simply to buy it with an exchange that utilizes bank transfers.
Plus, online stores such as Bittylicious, BitPanda and LiteBit offer Europeans ways to purchase bitcoin
online with their credit or debit cards.

If you buy bitcoin from an exchange, make sure to keep it in your own wallet so you can make peer-to-
peer transactions. 

2. Buy bitcoin using gift cards or cash. Companies like CardCoins allow users to exchange prepaid gift
cards for bitcoin. Alternatively, you can find the closest Bitcoin ATM and insert cash to buy bitcoin. For
both of these options you’ll need to have a bitcoin wallet set up, so be sure to check out our beginner
bitcoin wallet tutorials. Across Europe there are also many stores that allow customers to buy bitcoin
vouchers by using cash. In Austria there are thousands of stores where you can buy bitcoin vouchers
called Bitcoinbon. Across France, there are many tabacs that sell bitcoin vouchers. In the U.K., a growing
list of merchants use the platform BitcoinPoint to offer bitcoin purchases and sales to customers. 

Make sure to set up your own bitcoin wallet before buying cryptocurrency at a Bitcoin ATM. 

3. Earn bitcoin. Mobile apps like Carrot, Fold and Lolli give users cash back rewards in the form of
bitcoin, just for shopping at their favorite stores like Target and Sephora. There are also many freelance
job listing sites where people are paid in bitcoin. (Remember, you still need to cash out those tiny
amounts of bitcoin to store them in your own wallet. Check out our numerous wallet guides to see
which one works best for you.) If you already have your own business, it’s easy to add a bitcoin payment
option to your existing store. It is as simple as providing the option for people to pay with bitcoin, using
services like BTCPay Server or BitPay. You could also simply add your own bitcoin wallet address to any
custom invoice.

As long as you keep your private key safe, you can earn bitcoin by telling freelance clients to send bitcoin
directly to your wallet.
4. Mine bitcoin at home. If you’re tech-savvy, there are many ways to operate your own bitcoin mining
equipment and mint fresh bitcoin. Mining requires special hardware that performs very fast
computations. The hash rate, or the total power of all bitcoin miners around the world, is so substantial
that regular computers can’t perform the mining calculations fast enough to produce meaningful results.
As such, to get bitcoin this way you’ll need to buy specialized hardware called an Application Specific
Integrated Circuit (ASIC). And even running your own ASIC is very unlikely to yield any bitcoin rewards,
so you’ll need to join a bitcoin mining pool.

Bitcoin mining is a great way to turn electricity into money. 

Now that we’ve covered the most popular ways to get bitcoin, here are some tips and tricks for getting
the most bitcoin at the best price.

TIPS FOR EARNING BITCOIN

Bitcoin ATM
In exchange for the convenience of using a Bitcoin ATM, which operates like any other banking kiosk,
the transaction fees charged by Bitcoin ATMs are often higher than the rates offered by exchanges — up
to 7% higher, according to the Consumer Financial Protection Bureau. Most of these bitcoin-friendly
ATMs now require some sort of know-your-customer identity verification, so users need to be prepared
to scan their IDs into the machine. Common locations for BATMs include retail stores, shops, bars,
restaurants, malls and airports.

Bitcoin Exchanges
Exchanges are by far the most common way to get bitcoin, usually requiring the use of a debit card or
bank account in order to transfer funds over to the exchange. Some of the most popular exchanges
include Kraken and Bitstamp.
Exchanges are platforms that allow users to purchase cryptocurrencies for a different medium of
exchange, usually fiat currency. Exchanges do this through an order book, or a ledger, that matches
instructions to buy or sell. These instructions are called “bids” and “asks,” respectively. Meanwhile,
traders called over-the-counter (OTC) desks act as a middleman for buyers and sellers to complete
bitcoin transactions of custom sizes outside of the operations of an exchange’s order book. Not all
exchanges involve OTC desks, but some OTC networks are brokerages in their own right.
There are also many decentralized (or peer-to-peer) exchanges like Bisq, Paxful, LocalBitcoins and Hodl
Hodl, all of which offer users more privacy options.
Across different exchange platforms, always remember that any bitcoin you leave on the platform is
technically not yours, until you withdraw it to a wallet you control. If the exchange gets hacked, they’ve
potentially lost your bitcoin. You are also required to submit personal information and documents as
evidence. As such, it is best to get your funds via bank transfer into the exchange, buy your bitcoin, and
then withdraw it to a wallet that is safe and to hold your private key under your control.
All things considered, it is probably worthwhile to hold bitcoin in your own wallet for generations to
come.

IS A WHOLE BITCOIN REALLY “TOO EXPENSIVE”?

Bitcoin is divisible by nine decimal places currently and it may be possible to divide bitcoin into even
smaller increments through second layer technologies. As a digital currency today, one of bitcoin’s
biggest attributes is its ability to be sent in small increments called “satoshis.” 

You can buy a fraction of a bitcoin!

As a result, bitcoin can be bought, sold or exchanged in increments much smaller than an entire bitcoin.
You can buy a fraction of a bitcoin. For example, if one whole bitcoin is $10,000, a smaller amount of
bitcoin — represented as 0.01 BTC, for example — would cost just $100. It’s never been faster or easier
to get bitcoin than it is today. So don’t wait, get started and enjoy building your generational wealth
with bitcoin!

For more information on this process check out our bitcoin mining explainer.