Planning on making a Bitcoin purchase for the first time. Check these professional tips for how to buy Bitcoin in Raleigh, NC.
Kiosk vs. Online
There are two ways to buy Bitcoin, at an ATM kiosk or online. Buying from an ATM kiosk is secure and convenient. More and more of these locations are popping up throughout the country. Buyers who have cash on hand find that a Bitcoin ATM purchase is quick and easy. For buyers who want to use a credit card, online purchases are the better option.
Kiosk purchases don’t require a government-issued ID for identification verification. Instead, the buyer uses their cell phone and receives a secure PIN. Online purchases do require a government-issued ID.
Keep Digital Wallet Information Secure
Password protection is essential when buying and selling Bitcoin. When making financial transactions through an FDIC-insured bank, people know their money is protected. If their account is hacked into, they’ll likely get their stolen money back eventually. That’s not the case with cryptocurrency. While cryptocurrency exchanges are highly secure, if one’s digital wallet is compromised and money is stolen, it’s gone. There’s no getting it back.
Generous Purchase Limits
Many people believe that one must have a lot of cash upfront to invest or trade Bitcoin. While kiosks and online exchanges have purchase limits as high as $9,000, one can make their first Bitcoin purchase for as little as $20.
Interested in learning more about how to buy Bitcoin in Raleigh, NC? Visit RockItCoin Bitcoin ATM to buy all types of cryptocurrencies.
