The Simplest Bitcoin Book Ever Written
ACQUIRING BITCOIN
Bitcoin enters the market by miners selling some of the
bitcoins they receive as rewards, in order to pay for their
operating costs.
You can acquire bitcoin by buying on a peer-to-peer trading
platform, by accepting it as payment for goods or services
you offer, as a gift, or by mining it.
(A very last resort, not recommended, is to buy it from a
registered exchange).
When you receive it, you are technically receiving the private
keys with which to access your bitcoin.
Remember:
The bitcoin itself never leaves the timechain.
You can acquire bitcoin either anonymously, or with ID
verification (KYC - Know Your Customer)
KYC is required by law to fulfill AML (anti-money laundering
laws) when buying from exchanges.
Buying non-KYC bitcoin
preserves your right to privacy in the future.