How to Obtain Bitcoin?

(source: ig.com/en/bitcoin-btc)

With extensive experience as an electrical/software/coding engineer along with having a diverse financial background, Thomas Wettermann’s areas of interest include Machine Learning (ML), artificial intelligence (AI), and Financial Technology (FinTech). For the past few years, Thomas Wettermann has focused on the underlying technologies that support and promote all phases of cryptocurrency ecosystems.

How Can You Obtain How Can You Obtain Bitcoin?

There are several ways that you can obtain Bitcoin.

First, you can buy it with money or fiat money by using a cryptocurrency exchange. A cryptocurrency exchange will exchange fiat money for certain types of cryptocurrencies, such as Bitcoin. Popular crypto exchanges include BlockFi, Gemini, and CoinBase.

Bitcoin can also be purchased through a hybrid exchange which is referred to as a Peer-to-Peer crypto marketplace, such as the non-custodial platform offered by LocalCryptos.

Another way that you can obtain Bitcoin is by selling an item or service and then receiving Bitcoin in return. A growing number of corporations now accept payments for their goods or services via cryptocurrencies. For example, Paypal, Microsoft, AT&T, and of course Tesla have all announced that they are now accepting payment in the form of Bitcoin.

Third, new Bitcoins can be earned by successfully mining new coins. As described previously, the Bitcoin network establishes a global competition among bitcoin miners who race against each other to mine these new coins.

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Trading digital financial assets such as cryptocurrencies can carry a high level of risk, and may not be suitable for all investors. Before deciding to invest, purchase, and/or trade cryptocurrency you should carefully consider your investment objectives, level of experience, adversity to risk, and volatilities. The possibility exists that you may sustain a loss of some or all of your initial investment; therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with cryptocurrency trading, and seek advice from a qualified and independent financial advisor.

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