So, now you’ve gone through Bitcoin 101. Hooray! But wait, there’s more! The journey never ends. For more advanced content, such as privacy, nodes, lightning, and so on, please head to getbitcoin.help. My contribution focuses on the fundamentals.
Here’s a couple of suggestions on where you can continue from here.
How to get bitcoins/sats
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Earn it
When you have a business, hands down this is the best way.
Start invoicing your clients in bitcoin, especially for
the cross-border payments. Make bitcoin as one of the
currencies like USD and EURO. Some businesses and
merchants have already adopted bitcoin as one of the
payment options with the open-source application,
BTCPay Server. The setup is a bit more advanced. I have one set up
through B369 GmbH.
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OTC (over-the-counter)
No, this is not about buying medicines without a
prescription. It’s about getting your bitcoins outside the
exchanges. When you ask around, you might find some
Bitcoiners in your trusted network that you can get your
first bitcoin from directly.
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Get it on centralised exchanges (KYC)
To sign up an account, you will need to provide your
identifications, link your bank account and transfer the
fiat currencies to this account in order to buy some
bitcoins. It works like a traditional bank or stock
exchange account.
Here’s a
listof Bitcoin exchanges worldwide in major countries.
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Get it on decentralised exchanges (non-KYC)
It’s also called peer-to-peer exchanges. It’s much more
private as no registrations are required. It takes more
effort to set up but the privacy aspect definitely makes
it worthwhile.
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Mining
Back in the early days, mining bitcoins could be done
using a spare laptop you have at home. Nowadays, there’re
mining machines with high computing power specifically
made for this. Running such machines at home might not be
ideal as it will generate high amount of heat and noise.
And it’s not so profitable if you don’t have access to
cheap energy. In fact, mining farms are huge business in
certain countries. Mining isn’t the recommended way to get
your bitcoins as an individual.
Join the community Meetups
This is by far the best way to meet and learn from your
fellow Bitcoiners. You usually get to know some active and
well-known Bitcoiners only through their Twitter handles.
During the Meetups, you might bump into one or two of them
from time to time depending on the location. Another thing
about attending the Meetups is that you get to ask questions
in person and be part of the global community!
Just be mindful that not all Bitcoin/blockchain Meetups are
only about Bitcoin even their names say so. Some also cover
other topics like Ethereum, Defi and other type of
blockchain projects. Please do your due-diligence and be
safe.
For Bitcoin-only Meetups in your local cities, check
out this
list
Continue learning and reading
There’s always something to learn especially Bitcoin, as a
technology, is still young. The first genesis block was
mined on 3 January 2009. Please head to the Education
section on the footer of this page. You’ll find more
resources to satisfy your curious mind. Keep learning. Stay
humble, stack sats.