<p>You give the money to someone who has bitcoins available to sell to you.</p>

<p>This might happen via an exchange such as bitstamp.net which matches buyers and sellers.</p>

CC BY-SA 3.0
2013-12-02T09:08:55.797Z
2013-12-02T09:08:55.797Z
npad
<p>I understand the networking concept of the coin, but I am not sure I understand the purchase process.</p>

<p>Let's say I have 1000$ that I want to spend on Bitcoins, who do I give this money to?</p>

<buy-bitcoins>
When I buy a Bitcoin with dollars, where does the money go to?
yonso
# When I buy a Bitcoin with dollars, where does the money go to?

(Asked by: username_0 on 2013-12-02)

I understand the networking concept of the coin, but I am not sure I understand the purchase process.

Let's say I have 1000$ that I want to spend on Bitcoins, who do I give this money to?

**Tags:** buy-bitcoins


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## 1 answers

### Answer by username_1 on 2013-12-02. Score: 6 | Accepted answer

You give the money to someone who has bitcoins available to sell to you.

This might happen via an exchange such as bitstamp.net which matches buyers and sellers.


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