Bitcoins being the new passage to become rich is becoming popular. There are many questions as to how to acquire it? But, be ready to do your bit of homework before investing in bitcoins.
- The first way is to get started – there are many methods through which you can acquire bitcoins. Get your bitcoin through bank or credit card payment.
- You can also get your bitcoin personally, through some websites or retail stores, but the difference is that it is traded for an exchange of cash.
- You can get it through online sources by creating a wallet where you register yourself with cryptocurrency exchange. There are some of the top sites to trade cryptocurrency.
- A Hybrid wallet is also one of the ways through which you can get your bitcoin.
- Bitcoin ATMs are a recent trend, and this functions more like your ATM transaction but your cash gets transferred to Bitcoin.
It is very interesting to know that Bitcoins can be used to get anything that you want, right from a service to the high-end product in the market. Some of the ways in which it can be used are:
- Bitcoin gift cards can also be purchased in order to be used. A careful search through Merchant directories will give you a fair idea of getting the gift cards. Some websites also offer great discounts when you purchase gift cards.
- Trade you bitcoins through exchanges which will fetch you profit.
- Purchase online products by using the bitcoin logo in their websites.
- After you have purchased your bitcoin you can also hold it for some time for the value to increase like it is done in the stock market.
- Donations are also accepted through the bitcoin way. Many retailers and service providers accept donations through bitcoins.