How to Get Bitcoin: Easiest Ways to Get Bitcoin Online & Offline

 



>Everyone is talking about Bitcoin. You know little about it, but enough to understand that this cryptocurrency is changing the way we think about money, and now you want to know how to get Bitcoin.

Each Bitcoin is worth more than 7000 US Dollars and some people think they could be worth more than 60,000 US Dollars by the end of 2020. That’s a lot of money, so let’s find out how to get Bitcoin!

There are a few different ways on how to get Bitcoin. You can buy Bitcoin from an online Bitcoin exchange and pay with a credit card. Or you can meet a seller in person and buy Bitcoin with cash. You can even create your own Bitcoin through a process called mining!

In this guide, I will teach you about what Bitcoin is, how it works and where to find it. I’ll also teach you the right way to store all the information you need to access your new Bitcoin safely.
The first things all beginners need to know are: what is Bitcoin and how does Bitcoin work? So, let’s get started…

Table of Contents



  • Peer-to-peer: It’s sent from one person to another. There is no bank or PayPal — these are called middlemen or third parties. Bitcoin has no middlemen or third parties.
    Public: All Bitcoin transactions are recorded on a public ledger called a blockchain. All users with access to the internet can view the Bitcoin blockchain and all the Bitcoin transactions that have ever been made.

  • Encrypted: Transaction information is encrypted using cryptography. This means that special codes are used to hide the account information of users. Crypto means hidden so Bitcoin is hidden money!

  • Decentralized: Bitcoin has no center. It’s controlled by its users and computer algorithms. No one person, group or government decides how it works.



  • Distributed: This means that the Bitcoin blockchain is stored on thousands of computers (or nodes) around the world. This makes it very difficult to hack.


    Immutable: This means that once a transaction is added to the Bitcoin blockchain, it can’t be changed or deleted. Ever!



  • So, now if anyone asks you, “What is Bitcoin?” You can tell them it’s a decentralized peer-to-peer digital currency that uses a public ledger called a blockchain to record all its transactions. This is what Bitcoin is, but how does Bitcoin work?

    The answer to this question is a very important part of Bitcoin. It’s also the first on our list of how to get Bitcoin. It’s called mining — so let’s get digging, shall we?




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Crypto payments company wants to usher Africa into a new digital age

 A Nigerian business that had humble beginnings as an e-commerce startup is now offering Bitcoin payments to hundreds of thousands of people.


A company that provides Bitcoin payments says it aims to usher Africa into a new digital age and deliver a compelling alternative to fiat currencies.

Patricia, a financial solutions business based in Lagos, Nigeria began as a straightforward e-commerce startup. Now, the platform has gone global, and the company estimates that more than 300,000 people use its services to meet their everyday needs. The company also has offices in Ghana, the United Kingdom and the United States.

The team behind Patricia uses the power of cryptocurrencies and blockchain technology to create alternative solutions to existing financial infrastructure, enabling consumers to buy and sell BTC at what they claim are the best rates in Africa, with no hidden charges. Digital assets can then be stored in Patricia’s “safe, secure and flexible wallet,” and users have the freedom to make conversions between Bitcoin and fiat currency the Nigerian Naira whenever they wish.


Founder Fejiro Hanu Agbodje recently told The Guardian: “I had an uncle who visited Nigeria, who used to give me an iTunes gift card. I didn’t own an iPhone, so I literally had no use for it, so I tried to find where I could exchange this for real money. I couldn’t find any local company doing that and I ended up getting scammed of the card. At that point, I realized I had stumbled on something special.”

Now, Patricia is thriving — and it has evolved into something even bigger than Agbodje first envisaged.
Making Bitcoin usable

Although many see Bitcoin as a speculative asset or a store of value, Patricia believes that this misses the point: Sizeable numbers of people want to use the world’s biggest cryptocurrency to make everyday purchases, pay their bills, renew subscriptions and so much more.

One of the company’s flagship products is a customizable debit card that allows Bitcoin holders to withdraw cash at any ATM machine. Purchases can also be made at countless merchants around the world.

In a push for financial inclusion, an instant bank account can be opened within minutes, and Patricia says it delivers some of the lowest transfer fees on the market. All of this helps to protect a customer’s cash, meaning high rates won’t eat into people’s hard-earned money.

Other features include the ability to buy and sell gift cards anywhere in the world, with top brands including Google Play, Amazon and iTunes available. Those who successfully sell their gift cards can then access their cash quickly.

Then there’s Patricia Refill, which allows customers to purchase airtime for major mobile phone networks directly from Bitcoin wallets, as well as data subscriptions. Better still, excess airtime can be converted back into cash — a novel feature that’s rarely seen elsewhere.

At the beating heart of this fintech company’s offering is an app where all of these services are just a tap away. The software is available on Apple’s App Store and on the Google Play platform.

Educating users

For some consumers, the world of cryptocurrencies can be a steep learning curve. That’s why Patricia has created an in-depth learning portal that educates users on how all of its features work. Straightforward guides are also provided that explain what a crypto wallet is, and set out the benefits of Bitcoin.

Patricia is well-positioned to capitalize on the ever-growing demand for mobile payments in Nigeria and around the world. According to figures released by the country’s Inter-Bank Settlement Scheme, such transactions have surged by 391% since May 2019, and the volumes of money being transferred have risen, too.


The company has received plenty of publicity, including from some of Africa’s biggest publications. For example, The Guardian newspaper of Nigeria has regularly been keeping tabs on Patricia’s progress, marking how Fejiro Hanu Agbodje has developed the brand into a multibillion-naira company in the span of just three years.


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US: New bill would legally recognize digital signatures on a blockchain

Congressperson and Blockchain Caucus Co-Chair David Schweikert has advanced a bill to make good on the crypto adage "Code is law."


Rep. David Schweikert, a Republican congressperson from Arizona, has referred a new bill to the House Committee on Energy and Commerce that, if passed, would recognize digital signatures on the blockchain as enforceable by law.

This is particularly important for the enforceability of smart contracts, which automate transactions or other contractual obligations according to binding, pre-specified rules. Smart-contract advocates have long used the adage "Code is law," and the new bill, if approved, could make this a statutory reality.

According to public records, the bill was referred to the committee on Friday. A summary of the bill, H.R. 8524, outlines its aims as follows:

"To amend the Electronic Signatures in Global and National Commerce Act to clarify the applicability of such Act to electronic records, electronic signatures, and smart contracts created, stored, or secured on or through a blockchain, to provide uniform national standards regarding the legal effect, validity, and enforceability of such records, signatures, and contracts, and for other purposes."

Schweikart's co-sponsor on the bill is Rep. Darren Soto, a Democrat from Florida, who has a long track record of developing and helping to pass blockchain-related legislation.

This includes, most recently, updating the Consumer Safety Technology Act to include the Digital Taxonomy Act and the Blockchain Innovation Act.


On Sept. 24, Schweikart introduced the Digital Commodity Exchange Act of 2020. The legislation would create a single, opt-in national regulatory framework for digital commodity trading platforms under the jurisdiction of the Commodity Futures Trading Commission. Again, Soto is a co-sponsor, alongside Rep. Mike Conaway, a Republican from Texas;  Rep. Tom Emmer, a Republican from Minnesota; Rep. Dusty Johnson, a Republican from South Dakota; and Rep. Austin Scott, a Republican from Georgia.

The Blockchain Caucus, of which both Schweikart and Soto are co-chairs, was created in 2018. It faces the uphill battle of proposing legislation that can deftly navigate the complex and overlapping jurisdictions of different federal regulators in the United States vis-a-vis new financial technologies.

With this latest proposed bill on digital signatures, the congresspeople are in tune with similar developments in other countries; the United Kingdom has been reviewing its legal frameworks to clarify the interaction of smart contracts with British courts since 2018.






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