Are exchanges the only way BTC can be purchased? - page 2.

Ryker1

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Quote from: Thebtc510 on November 17, 2022, 08:51:54 AM

I was reading how btc used to be bought back in the day. You either mined it yourself or found someone who had it and made a deal with them. But now, is the only way to buy BTC through an exchange?

Well all have been mentioned above --addition to what has been said above, use a legitimate escrow when you are dealing with an outside exchange or there is no third party involved. Exchange platforms either centralized or decentralized are served as escrow between sellers and buyers or known as a trader. Bitcoin ATMs are considered safe but be careful buying large sums outside, it will perhaps your life put in danger.
Choose wisely in purchasing bitcoin.

348Judah

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Quote from: Thebtc510 on November 17, 2022, 08:51:54 AM

I was reading how btc used to be bought back in the day. You either mined it yourself or found someone who had it and made a deal with them. But now, is the only way to buy BTC through an exchange?

To earn bitcoin, we have many ways you can get this done while buying it also comes in many forms but the use of exchanges is the most common means most people use to buy bitcoin, now the real thing is what type of exchange do you make use of when buying your bitcoin, and there's a clear difference between between buying a bitcoin from earnings it, but everything all comes under how it was earned, which means tou can buy it, mine it, got it as gift or exchange it with an asset, but buying is mostly common with using exchanges.

Charles-Tim

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People buy bitcoin through vendors, just like you meet someone that is doing the business on this forum and buy or sell with him. I mean direct p2p. No intermediary.

NeuroticFish

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Quote from: Thebtc510 on November 17, 2022, 08:51:54 AM

I was reading how btc used to be bought back in the day. You either mined it yourself or found someone who had it and made a deal with them. But now, is the only way to buy BTC through an exchange?

Mining still happens, but if you don't want to pay for expensive mining gear or if your electricity is expensive (making mining unprofitable), you will have to buy from somewhere.
But that "somewhere" can be of many types:
* most known are centralized exchanges
* then there are decentralized exchanges
* then you can buy from some sellers even from this forum
* then you can buy by meeting sellers in person
* or you can buy from Bitcoin ATMs
* or you can buy from OTC exchanges
* or you can mine altcoins and sell them for bitcoin

I guess that there are other choices too, but as a first list, this looks OK to me.

Thebtc510

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I was reading how btc used to be bought back in the day. You either mined it yourself or found someone who had it and made a deal with them. But now, is the only way to buy BTC through an exchange?

Topic: Are exchanges the only way BTC can be purchased? - page 2. (Read 281 times)