New users do not need to understand all of the technical details of cryptocurrency. The first step is the installation of a bitcoin wallet on a mobile phone or computer. The user's first bitcoin address will be generated, with additional addresses created as necessary. The address can be given to friends or family to enable payments. The process is a lot like email with one big exception.
To make certain the bitcoin remains secure, the address should never be used more than once. There are several different ways to acquire bitcoin. This includes:
Bitcoin Mining: Mining can be used for earning bitcoin. The computer costs and technical expertise required mean mining is not an option for most people.
Cryptocurrency Exchanges: Numerous exchanges are available throughout the world. These exchanges offer cryptocurrency including bitcoin to interested parties.
Peer-To-Peer-Purchases: Due to the original spirit of the cryptocurrency, bitcoins can be directly purchased through other owners using tools created for this purpose.
Other Brokers: There are numerous brokers who have announced they will be providing bitcoin trading
in the not so distant future.
Bitcoin ATMs: There are currently over 3,000 bitcoin ATMs located in the United States. Purchases can be made by visiting any of them.