Buying Bitcoin is as hard as it seems. Many people are unfamiliar with how the buying process works, but once they get a handle on it, they find it’s not as complicated as it seems. Here are some tips to help people buy Bitcoin in Long Beach for the first time.
Buy at a Bitcoin ATM Machine
Start by finding a Bitcoin ATM. More and more are popping up in areas across the country, including Long Beach.
Once one is in front of a machine, select the option to “buy coins.” The ATM gives the buyer the option to buy cryptocurrency using cash in US dollars. Buyers simply select the amount they want to purchase. Most machines let the purchaser buy as little as $20 or as much as $9,000 worth of Bitcoins.
When buying Bitcoins, the purchaser will be required to confirm their identity. The verification process doesn’t require a government-issued ID. All one needs is to enter their phone number. They will then receive an SMS code on their phone to confirm their identity and receive a pin to use at the Bitcoin ATM.
Once one has confirmed their identity and has made their Bitcoin selection, they will be asked where they want the cryptocurrency sent. The options are to an existing digital wallet, or a new wallet created at the ATM.
The cryptocurrency is sent to the buyer’s digital wallet after cash is inserted into the machine.
For more information about where to buy Bitcoin in Long Beach, check out your nearest RockItCoin Bitcoin ATM now.
