Learning as I go but needing help understanding the concept

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So my first and main question is how do you get bitcoins? Do you use money off a card to purchase them, do you win them, or what?

Jessica White

Posted 2017-11-30T11:21:28.497

Reputation: 1

Question was closed 2017-11-30T20:38:54.820

Answers

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You can get bitcoins by mining them. This is currently done by special mining hardware. You can mine alone or as a part of a larger mining pool. Before that you should buy this relatively expensive hardware (for example AntMiner S9).

The usual way to get bitcoins is buying them with regular (so called fiat) currencies (like USD, EUR...) through bitcoin exchanges. More on the process: https://www.investopedia.com/terms/b/bitcoin-exchange.asp. To get more details you should check on particular exchanges mentioned in the article (like for example: https://www.kraken.com/).

croraf

Posted 2017-11-30T11:21:28.497

Reputation: 1 112

1You can earn bitcoin. If you have a product to sell or a service to provide, instead of asking for regular currencies in exchange, ask for bitcoin.ecavero 2017-11-30T18:15:03.533