Buying Bitcoin Locally vs Online: Which Bitcoin of America Method is Best for You?

With a second stimulus check due, now is the time to start thinking of your financial future, with the opportunity to buy bitcoin at a time when many people are predicting its continued rise in its value. You may have already seen a Bitcoin of America ATM in a local store and been impressed by their convenience, or talked to a local store keeper about buying bitcoin using the handy bitcoin tablet service. Alternatively, you may want to purchase bitcoin or Litecoin online via the Bitcoin of America online trading platform from the comfort of your smartphone or computer.

Buying from a bitcoin ATM or tablet location

A key advantage of using a bitcoin ATM is that it enables people to buy crypto currency conveniently. As a result these specialist ATMs cater for people who may not have a regular bank account, and people just getting started in crypto who don’t want to learn about the technical ins and outs of online exchanges, but who appreciate the privacy and security that BTMs offer when buying bitcoin or litecoin.

While exchanges like Coinbase and Genesis get all the social media headlines, getting set up and then making a bitcoin transaction using an online exchange can be a lengthy process. In comparison, bitcoin ATMs (BTMs) are set up to allow you to buy bitcoin or litecoin right there and then on the spot. Part of that attraction is that the process of getting bitcoin to your wallet is straightforward too. By scanning your mobile wallet when you make an ATM purchase means you avoid the common mistake of entering the wrong wallet address.

Tablets vs ATMs:

In line with the traditional ATM experience, you decide how much bitcoin you want to buy and you have control over how much you insert. It’s the same with buying over the counter using a tablet, but with the added benefit of having a human assistant to take the cash and confirm the bitcoin has been sent to your crypto wallet. Both bitcoin ATM and over the counter tablet purchasing give you the control, and minimize the effort, so you get the investment you want, when you want it. However, the tablet program adds that extra level of ease, as unlike the bitcoin ATM there’s no need to understand how to operate the tablet, the store assistant does that job, and answers any questions you may have. While a lot of people are interested in cryptocurrency and want to dip their toe in the water, the technology whether online or in the form of an ATM can be off putting. So having someone walk you through the process, and help you understand the wallet and address process for purchasing, is a great way to buy your first bitcoin or litecoin safely and securely, with the quality assurance that the whole process is backed by Bitcoin of America.

Buying using a wire transfer

A third option for buying crypto currency is to use a wire transfer, through an account with the Bitcoin of America exchange. The benefit of a wire transfer for purchasing is particularly well-suited to the experienced investor, who wants to be able to make large volume purchases for a more price competitive fee compared to using an ATM or tablet in store. Also purchasing in the comfort of your home or office through the exchange allows you the time and privacy required with larger purchases, and what’s more the purchase process is completed on the same day.

It’s also worth noting that the exchange route for purchasing provides an extra level of assurance to customers, as it’s one where the business has invested considerable time and effort to get it right to ensure its fully BSA/AML complaint. As the founder of Bitcoin of America, Sonny Meraban said in the California Business Journal recently, “we have one of the strongest compliance programs, if not the strongest”. Bitcoin of America is a registered Money Service Business with the US Department of Treasury and operates in compliance with all federal and state laws.

For A step by step guide to buying Bitcoin via Wire Transfer, Visit the Bitcoin of America Website. Wires allow for higher volume trading than ATMs.

If you have any queries, or problems during the buying process please contact Bitcoin of America support.

Bitcoin locations in your area

Bitcoin of America hosts hundreds of locations to buy bitcoin in cities across the US. Click here to find the nearest one to you.

This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

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