how do i acquire a bitcoin

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This Is Your Guide to Buying Bitcoin
Log in or sign up in seconds. They also keep closing my support tickets saying there is nothing they can do until I am re-verified. Using a card to buy will cost you a lot more in fees. Just look at the volatile ride Bitcoin was on over the Christmas holiday. Given the recent high price of Bitcoin, you can buy less than one Bitcoin on these exchanges. Using Bitcoin to transact is easy and accessible to everyone.

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How Can I Buy Bitcoin?

You need to have a dedicated hardware you can see hashrate comparison here which is really costly. So most probably you have to mine as a part of the pool.

There are quite a lot of mining pools available, but mostly you would like to join some big pool to have a high percentage of guaranteed small payoff. Pools hashrate distribution you can find here. I by myself have tried to mine on two different mining pools: BTC Guild and bitMinter. Just my own opinion, that it is easier to start with bitminter, because they provide you with easy to use software for mining and detailed instruction.

One last word of warning: But if you are going to do this just for curiosity, it might give you some micro part of a bitcoin.

As with mining, you have plenty of options as well. The only problem is that right now you are dealing with your own real money. So you have to be careful what to select. At some period of time there were a lot of fake bitcoins selling sites, so if I were you, I would rather go with bullet proof places:.

It is also possible to find local trading partners through services such as localbitcoins. If you already have a shop or are planning to start selling something in the near future, it is pretty easy to accept Bitcoin as payment, in fact easier than to accept Credit Cards for example. If you are worried about Bitcoin's volatility, there are different payment processors, which will convert your Bitcoin payments into your national fiat currency for a fee, usually lower than Credit Card Companies.

Not surprisingly, but there is a lot of web-sites, where you can get bitcoins for free. Do not be overexcited by this - you can not make a fortune out of this: Most probably they will give you 0. On most of such websites you have to watch some stuff or to other useless things. So you are exchanging your time for micro payment. In my own question on bitcoin beta, there is a list of many of such places. If you know any other place - feel free to add it. Try to ask your high tech friend.

There is a high chance that he already knows about bitcoin and may be have a couple of coins. He might give you a small micropayment just to try. But do not try to abuse this: I don't like dealing with banks and providing all of my information. Also it promotes the local economy and rewards people in your area for dealing with bitcoins.

I have bought and sold off of bitcoin users using this site, and it is great to meet them in person and get to hear about their involvement. This is from my answer on Money. You can set up your computer to mine for Bitcoins, you can exchange goods and services for Bitcoins, or you can purchase Bitcoins on an exchange.

Some people will trade their programming or web design services for Bitcoins; others sell goods like alpaca socks in exchange for Bitcoins. According to Bitcoin Charts , the Mt. Gox exchange has by far the highest volume, but in recent months Trade Hill has gained some ground. As for mining, computer performance matters as well as the "difficulty.

Mining is set up so that someone earns a block of 50 Bitcoins on average several times an hour but this reward will decrease with time such that only 21 million are ever created. You can't ever make progress towards mining a block of 50; mining is an inherently random process.

It's possible to successfully mine two blocks in short succession only to have a huge gap before successfully mining another block. I should note that CPU mining is essentially pointless right now. On average it would take several years even for top-end CPUs to successfully mine a block. GPU mining where the processor built into graphics cards is used is what is popular now. Even so, it would take on average a long time to generate a block even with several GPUs.

As such, many miners join mining pools where everyone shares credit when anyone successfully mines a block. This serves to decrease the variance and is will lead to a more regular flow of Bitcoins instead of long gaps followed by blocks of You can buy or sell bitcoins by connecting any U.

All of the below is now obsolete. I keep this answer in place to show the ongoing changing nature of "Bitcoinland". In the UK I used Britcoin. It's run by an established member of the Bitcoin forums genjix.

Trading is very light in comparison to the other exchanges, but it does accept GBP via direct bank transfer.

Of course the best way to obtain Bitcoins is to earn them in exchange for goods and services. How Does Blockchain Technology Work? What Can a Blockchain Do? What is a Distributed Ledger?

Why Use a Blockchain? Ethereum What is Ethereum? How Do I Use Ethereum? How Does Ethereum Work? What is a Decentralized Application? How Do Smart Contracts Work? Click here to watch Consensus: Bitcoin can be bought on exchanges, or directly from other people via marketplaces. How to Buy Bitcoin in the UK. Subscribe View all Podcasts.

Executive Assistant Boston Circle: Customer Support Manager Dublin Circle: Have a breaking story? Bitcoin The history between Bitcoin and Bitcoin Cash is a contentious one, but we're here to look at the advantages and disadvantages of each coin moving forward.

We'll examine the value proposition of each and their vastly different approaches to scaling. We'll also dissect branding and levels of decentralization. Finally, we'll line up the competition and see where the coins are headed in the near future. Will one coin win out? Sat, 28 Jul Third baseman Miguel Sat, 28 Jul How To Buy Bitcoin: Louis Cardinals Bitcoin Cash vs.

How to mine bitcoins on your own How to Buy Bitcoin:

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– You can opt to keep a percentage in Bitcoin. Obtaining for free through micro payment. Not surprisingly, but there is a lot of web-sites, where you can get bitcoins for free. Do not be overexcited by this - you can not make a fortune out of this:). Most probably they will give you bitcoin for free. Watch video · There are three primary ways to obtain bitcoins: buying on an exchange, accepting them for goods and services, and mining new ones. "Mining" is lingo for the discovery of new bitcoins—just like finding gold. In reality, it's simply the verification of bitcoin transactions. For example, Eric buys a TV from Nicole with a bitcoin. 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.