Topic: How One Can obtain bitcoins? - page 2. (Read 279 times)

The fastest and most beneficial resources of obtaining Bitcoin will depend on different case scenarios, your capacity and on what you want to achieve. Before buying on exchanges, you will need to have another crypto which you can sell to Bitcoin then withdrawing to your personal wallet or if your country is supported by some exchanges like Binance, then you can get your Binance account verified thus buying Bitcoin with your credit card. Secondly, accepting Bitcoin for payment is also good but you will have something that the person will buy and also, you will need to be in a location where Bitcoin is accepted and people knows about Bitcoin for easy buying and selling. And lastly, using mining will warrant you to owing mining rig, and also if the cost of energy is cheap in your location then it will be beneficial to you but if it is not, you might run at loss.
These are different case scenarios, thus the one I find the fastest is buying from exchanges as you have two options, buy Bitcoin with your credit card or buy with another crypto like Ethereum.

Buying bitcoin at the exchange will be a fast way to obtain bitcoin, and you do not need to wait for a long time to have bitcoin. You can buy bitcoin at any price or only buy bitcoin when the price is down. But if you need to wait for a while to see the price is at a lower price. I think $39k is a good price to buy bitcoin, so that you can buy it now.

You can also use your hacking skills, donation skill, ICO, faucet, airdrop, confiscation, to obtain bitcoin, it’s questionable approach but it work.  For a nice guy, buy it directly from the exchange is the always go to approach.

The best way will always be treating bitcoin as a currency which is  the same as receiving it as payment/salary. You won't have the hassle of exchanging your fiat to bitcoin, going through KYC, risking getting hacked on some centralized exchange and losing your money, paying a lot of fees,... it also doesn't have the hassle of other methods such as mining that require an initial investment and the know-how of that operation.

There is no fast way to earn anything, you have to grind and work hard for it. As the quote above says, it is a matter of perspective.

Don't forget that some signature campaigns are also a way of obtaining bitcoin.

Everything depends on the way you take forward. There are local exchanges, where you need to provide KYC and then make buying with the payment option provided. With standard exchanges you get access depending on the level of KYC fulfilled. There are service providers on our forum who help with exchange of bitcoin for PayPal and other payments with the help of escrow. More ways are open infront of you, and it is purely your choice you to find the right one and benefit out of it. Mining is a big process where a capital investment, electricity, location and market progress need to be good.

It's like asking what's the fastest way of earning money. Obviously there's no sort of "best answer" to this question as it's going to be totally different for each person. Some people prefer accepting BTC payments, some people prefer mining it, some people prefer starting a typical business and just use their income to buy bitcoin, some people prefer getting a job and just use their wages to buy bitcoin, some people prefer trading, etc. Completely up to you.

One can obtain bitcoin in many different ways, by mining, accepting bitcoin as payment, trading, buy and sell and many more.

based on the three points of choice, which one can you achieve and do at this time?
for example, instead of you waiting a long time to mine, even though by buying on the exchange you can do it right away.
make that decision by comparing all the advantages and disadvantages.

There are pro's and con's for each of these methods... Hard to say which one is fasted, safest, most beneficial... If there was one super-method, everybody would be using it and the other methods would hardly exist. In the end it's about finding a purchase method that suits you.

Exchanging on an exchange, paying by wire: if you stick to the biggest, regulated exchanges this could be pretty fast (depending on how much time it takes your wire transfer to be registered). Expect full KYC. Wether or not it's beneficial depends on your trading strategy and how the market is behaving, aswell as the fee structure of the exchange

Exchanging on an exchange, paying with credit card: if you stick to the biggest, regulated exchanges this is fast. Wether or not it's beneficial depends on your trading strategy and how the market is behaving, aswell as the fee structure of the exchange. Also: full KYC

Exchanging P2P: better for your anonimity, can be really fast (cash to BTC P2P for example). Usually the sellers do take a little larger profit margin, but sometimes deals can be done. Do realize you're going to somebody you have never met to exchange fysical money in your pocket against BTC. Story's of people getting robbed are not unheared of.

Buying BTC on one of those instant non-KYC websites: usually pretty fast, sometimes less secure, usually more expensive

Accepting BTC as payments: could be fast if you make a lot of sales... Could be nonexistant if you have no customers (or if your customers don't want to use btc). Can be expensive and insecure (if you use bitpay for example).

Mining: this is actually running a big business. If you have dirtcheap electricity, have a good deal with a hardware provider, have cheap labour costs, have a good warehouse to store your ASICs, this *could* be fast, safe, anonymous and profitable... But if you don't know what you're doing, or if you don't have a lot of investment money, or if you don't have cheap electricity,... you could be mining at a loss in no time...

There are different ways by which we can obtain bitcoins like Buying on exchange, accepting bitcoin payments or using mining.
Which is the fast and beneficial resources of obtaining bitcoin??