How to Get Bitcoins – Interdax

Overview

The easiest way to acquire some bitcoins is through an exchange,
You can also buy bitcoin Over The Counter or by using an ATM,
Trading cryptocurrencies can be a good way to earn bitcoin,
Mine some profitable altcoins and convert it into bitcoin,
Use your skills to sell your goods/services for bitcoin or complete microtasks,
Take part in referral programs, and
Lend your bitcoin to earn a small return.

Exchanges

One of the easiest ways of getting bitcoin is by buying it on exchanges. You can transfer fiat currency or cryptocurrencies to exchange it for bitcoin. It may require you to submit identity documents and personal information.

If you are dedicated and can invest time and money, you could also turn your hand to trading to generate a full-time income, paid in bitcoin. By trading cryptocurrencies on leverage or by trading altcoins in spot markets, it is possible to earn more bitcoins.

However, becoming a profitable trader requires a lot of dedication, experience, and knowledge.

OTC and Bitcoin ATMs

You can also buy bitcoin over the counter (OTC) using a peer-to-peer exchange or from Bitcoin ATMs. Compared to exchanges, these methods have their own trade-offs in terms of price, convenience, and security.

While bitcoin ATMs may be convenient to those in the city, they are more expensive than exchanges and out of reach for people who do not live in large cities. ATMs also have limits on how much bitcoin you can buy. OTC markets and online vendors also sell bitcoin at higher prices than exchanges but may be more convenient if you do not have an account with an exchange.

Cryptocurrency Mining

While bitcoin mining is in the hands of specialist enterprises and unprofitable for the hobbyist miner, you could mine other Proof of Work coins and convert some proceeds to bitcoin. While it takes some technical knowledge and investment, building a mining rig for a profitable altcoin could be a good way to earn some bitcoin.

Honeyminer applies this idea on a small scale to allow anyone with a laptop or computer to earn a small amount of bitcoin. The program mines the most profitable altcoins and converts it instantly to bitcoin for its users.

‘Spec mining’, short for speculation mining, is a way you can make a profit in mining, which involves monitoring new Proof of Work coin announcements on BitcoinTalk and mining the coin at a very early stage. If you believe the fundamentals of a project are good, then you have a chance of turning a good profit, which you can then exchange for BTC.

As a Payment for Goods or Services

If you run a business, you can use bitcoin payment processors such as BTCPay, BitPay, CoinPayments, or CoinGate to accept bitcoin and other cryptocurrencies. Business owners should run a full node for more security and use it as a wallet for payments.

Similarly, if you work as a freelancer, you can use a bitcoin wallet to get paid for your services. You can find jobs that pay in bitcoin/cryptocurrency by using:

Since Bitcoin is an open source movement, there are no dedicated marketeers. Anyone can contribute to spreading the word and being creative can pay off:

‘Bitcoin Sign Guy’ received around $16,000 in BTC after he photo-bombed Janet Yellen at a televised Federal Reserve hearing with a sign saying “Buy Bitcoin”.
French artist Pascal Boyart earned himself around $12,500 in bitcoin over two years for his bitcoin-themed graffiti murals. By including a QR code in the mural, Boyart received donations from all over the world.

Content creators may generate small earnings through the Brave browser (converting the native BAT to BTC) and the Lightning-enabled browser extension tippin.me. Also, there is the Patreon alternative Tallycoin and publishing platforms like Steemit and Publish0x. Even if you are not a business owner and work a 9-5, you can use Bitwage to get a proportion of your monthly pay in bitcoin.

Microtasks

There are also dozens of sites where you can earn small amounts of bitcoin or other cryptocurrencies for doing small tasks, such as:

Faucets also give away cryptocurrencies for free.

Referral Programs

It takes money to make money, but one good way of getting bitcoins if you have a large following or circle of friends is through referral links. A lot of bitcoin exchanges and cryptocurrency companies offer referral programs, whereby users get unique links that they can share and will earn them a commission.

For an exchange referral program, you can give your unique link to new users, and once they start trading, you usually earn a fixed percentage of their trading fees.

Bitcoin Lending

If you have some bitcoin or cryptocurrency holdings already, you can lend out your cryptocurrency and earn interest either through exchanges or cryptocurrency interest accounts. You can earn bitcoin over time as passive income, but lending bitcoin is riskier than some other methods outlined above.