Buy Bitcoin through an exchange:
Whether it’s through a beginner-friendly mobile app like Cash App or sophisticated peer-to-peer exchanges that don’t require know-your-customer information, like BSQ, one of the fastest ways to get bitcoin is simply to buy it with an exchange that utilizes bank transfers. Plus, online stores such as Bitty vicious, Bit Panda and Lite Bit offer Europeans ways to purchase bitcoin online with their credit or debit cards.
Buy Bitcoin using gift cards or cash:
Companies like Card Coins allow users to exchange prepaid gift cards for bitcoin. Alternatively, you can find the closest Bitcoin ATM and insert cash to buy bitcoin. For both of these options, you’ll need to have a bitcoin wallet set up, so be sure to check out our beginner bitcoin wallet tutorials. Across Europe, there are also many stores that allow customers to buy bitcoin vouchers by using cash. In Austria, there are thousands of stores where you can buy bitcoin vouchers called Bitcoins. Across France, there are many Tupac that sell bitcoin vouchers. In the London, a growing list of merchants use the platform Bitcoin Point to offer bitcoin purchases and sales to customers.
Earn Bitcoin:
Mobile apps like Carrot, Fold and Lolly give users cash back rewards in the form of bitcoin, just for shopping at their favorite stores like Target and Sephora. There are also many freelance job listing sites where people are paid in bitcoin. (Remember, you still need to cash out those tiny amounts of bitcoin to store them in your own wallet. Check out our numerous wallet guides to see which one works best for you.) If you already have your own business, it’s easy to add a bitcoin payment option to your existing store. It is as simple as providing the option for people to pay with bitcoin, using services like BTC Pay Server or a Bit Pay. You could also simply add your own bitcoin wallet address to any custom invoice.
Mine Bitcoin at home:
If you’re tech-savvy, there are many ways to operate your own bitcoin mining equipment and mint fresh bitcoin. Mining requires special hardware that performs very fast computations. The hash rate, or the total power of all bitcoin miners around the world, is so substantial that regular computers can’t perform the mining calculations fast enough to produce meaningful results. As such, to get bitcoin this way, you’ll need to buy specialized hardware called an Application Specific Integrated Circuit (ASIC). And even running your own ASIC is very unlikely to yield any bitcoin rewards, so you’ll need to join a bitcoin mining pool.
Bitcoin ATM:
In exchange for the convenience of using a Bitcoin ATM, which operates like any other banking kiosk, the transaction fees charged by Bitcoin ATMs are often higher than the rates offered by exchanges — up to 7% higher, according to the Consumer Financial Protection Bureau. Most of these bitcoin-friendly ATMs now require some sort of know-your-customer identity verification, so users need to be prepared to scan their IDs into the machine. Common locations for ATMs include retail stores, shops, bars, restaurants, malls and airports.
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