How Do I Get Bitcoins?
Like any other currency, there are 3 major ways of getting bitcoins: exchanging them with another person, going to a money exchanger, or selling products or services paid for in bitcoins.
Here’s how to go about it. (Make sure you create a Bitcoin wallet first)
Buy (or Sell) bitcoins locally
A good option to get bitcoins is to exchange them directly with people living near you for local currency. LocalBitcoins.com and BitQuick.me are good resources to do local trades. LocalBitcoins also allows for in-person, cash exchanges.
If you’re buying from individuals you don’t know, make sure to meet them in a public place — especially if you’re paying with cash.
You can also use both these resources to sell Bitcoins.
Buy (or Sell) bitcoins using online exchanges
Online exchanges make buying and selling bitcoins in larger volumes easier and faster. Most exchanges follow a standard identity verification process that requires you to provide a copy of your ID and a proof of residence for security reasons. Once you are verified, you can deposit funds into your exchange account by transferring money from your personal bank account. You will then be able to buy and sell bitcoins directly on the exchange.
So far, there are few exchanges located in the Middle East: Igot recently launched in Dubai, and BitOasis will be opening soon. Many more will be launching soon. You can also use popular international exchanges, such as Circle, Bitstamp, itbit, and Kraken.
For a list of the largest exchanges and accepted currencies you can visit BitcoinCharts.com.