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<p>[QUOTE="Prime Mover, post: 2911986, member: 38783"]Now to BMan's question - how to get Bitcoin.</p><p><br /></p><p>There's 3 ways - buying from someone selling privately, mining, or exchanging (which leads to trading).</p><p><br /></p><p>1) you can look for someone on something like localbitcoins.com - there's plenty of people worldwide who are willing to meet in person and transfer their coins for cash. You come prepared with a public wallet address and cash, they digitally transfer the coins to your wallet, and after the confirmations, you hand over the cash and walk out.</p><p>1a) there are also other websites (bitcointalk.org is one) that has a "for sale" section where you can buy "physical" bitcoins.</p><p><br /></p><p>2) mining them - this is highly unprofitable for the general person anymore, you're better off buying them. It would take an investment of tens of thousands to make it profitable, you can't do it as a hobby anymore.</p><p><br /></p><p>3) using an exchange - this is the most common way. You can find any number of exchanges - kraken, hitbtc, bitfinex to name a few. You create an account (and for those in the US you do have to pony up your personal information and ID to exchange - that's the IRS hook) and then you can fund your account from a bank or credit card, go to the exchange, and trade your USD for bitcoins (or any other crypto) There are also a number of exchanges outside the US where you can go with which have less restrictions on giving in your personal info, and there's ways to do that.</p><p><br /></p><p>Please, never, ever (ever) go to eBay to buy any crypto. Just a bad idea in general.</p><p><br /></p><p>So, the first part of this is getting a wallet. For the beginner, you can go to somewhere like btc.com and setup a wallet in minutes online. This is easy, but obviously you have to trust the provider to not get hacked or you will lose your coin.[/QUOTE]</p><p><br /></p>
[QUOTE="Prime Mover, post: 2911986, member: 38783"]Now to BMan's question - how to get Bitcoin. There's 3 ways - buying from someone selling privately, mining, or exchanging (which leads to trading). 1) you can look for someone on something like localbitcoins.com - there's plenty of people worldwide who are willing to meet in person and transfer their coins for cash. You come prepared with a public wallet address and cash, they digitally transfer the coins to your wallet, and after the confirmations, you hand over the cash and walk out. 1a) there are also other websites (bitcointalk.org is one) that has a "for sale" section where you can buy "physical" bitcoins. 2) mining them - this is highly unprofitable for the general person anymore, you're better off buying them. It would take an investment of tens of thousands to make it profitable, you can't do it as a hobby anymore. 3) using an exchange - this is the most common way. You can find any number of exchanges - kraken, hitbtc, bitfinex to name a few. You create an account (and for those in the US you do have to pony up your personal information and ID to exchange - that's the IRS hook) and then you can fund your account from a bank or credit card, go to the exchange, and trade your USD for bitcoins (or any other crypto) There are also a number of exchanges outside the US where you can go with which have less restrictions on giving in your personal info, and there's ways to do that. Please, never, ever (ever) go to eBay to buy any crypto. Just a bad idea in general. So, the first part of this is getting a wallet. For the beginner, you can go to somewhere like btc.com and setup a wallet in minutes online. This is easy, but obviously you have to trust the provider to not get hacked or you will lose your coin.[/QUOTE]
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