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How Do I Get Bitcoin?

There are 3 ways to get Bitcoin.

  1. Mine it (not very plausible for the average person anymore as it requires special hardware and lots of power.)
  2. Earn it (if you can provide value to people and require payment in bitcoin.)
  3. Buy it or exchange it for fiat currency (this is likely most of the population.)

Getting bitcoin itself now has 2 different types.

  1. Know Your Customer (KYC) – usually you have to give official methods of identification like a driver’s licence, passport, or other government identification.
  2. Non-KYC

Applying these to the 3 ways to get Bitcoin:

  • Mining Bitcoin = Non-KYC
  • Earning Bitcoin = Non-KYC
  • Buying Bitcoin = Can be either KYC or Non-KYC

Expanding on Buying Bitcoin

If you purchase from an Exchange, they usually now require KYC in order to create the account and use their platform. There are some exchanges that will allow you to get Non-KYC bitcoin through specific methods like going to a post office and using a machine to purchase bitcoin. Be aware that IF YOU DO NOT USE CASH at these places, you are linking up your Non-KYC bitcoin with something that can identify you (your debit card/bank card, credit card, etc).

You can also use other services to get Non-KYC Bitcoin like: