How to purchase your first bitcoins
In this post, I'll quickly explain bitcoins are, and then go over a few different ways that bitcoins can be purchased.
What are bitcoins?
Bitcoin is the first open source decentralized digital currency not controlled by a single organization or government.
For more information, check out the FAQ on bitcoin.org: http://bitcoin.org/en/faq#what-is-bitcoin
Some great information on how to get started with bitcoins can be found at the following links:
- http://trybtc.com (3 μBTC free!)
The easiest way to purchase bitcoins if you have a US bank account is through http://coinbase.com (minimum purchase amount $0.10 USD)
If you don't live in the USA, visit http://howtobuybitcoins.info for a list of places that bitcoins can be purchased. Alternatively, give http://localbitcoins.com a try. It's a marketplace for trading bitcoins locally using cash or various online payment methods.
Using PayPal (not recommended)
The only way to purchase bitcoins via PayPal is by directly trading with another person. The easiest way to do this is to purchase DOGE (an altcoin) through /r/dogemarket on Reddit, and to then exchange them into bitcoins via a site like bter.com.
Please give http://www.localbitcoins.com a try before attempting to purchase altcoins
If you have any questions, feel free to post below. This topic will be updated as necessary.
Thanks for reading!