Curious about how you can buy Bitcoin in Los Angeles? This article will give you the scoop. The truth is that while there used to be limited options for selling and buying Bitcoin, things have changed over the last couple of years. There are now online and offline options for grabbing up cryptocurrency, which makes the process much more convenient than ever before. Let’s look at some of the options below.
First Things First
Before you buy or sell Bitcoin, you’re going to need a wallet. This is a place where you can store your digital currency. A wallet is where your private key is stored, along with access to your Bitcoin or other cryptocurrency. You don’t have to keep your Bitcoin on the same website where you bought it, which is what the private key is there for. Your Bitcoin is there for you to use wherever and whenever you would like.
The Traditional Option
If you are looking to buy Bitcoin in Los Angeles, one option is to do it online. If you choose this method, you’ll choose an exchange and register an account there. This will require providing your email address, name, and a password. In most cases, you will be required to connect the account to your bank to make your purchase. Sometimes the exchanges also offer wallets for your cryptocurrency, but you don’t have to store your Bitcoin there if you don’t want to. After you have an account, all you have to do is buy the amount of Bitcoin you are interested in. It’s pretty simple.
The Modern Option
Another option that is becoming more popular by the day is using a Bitcoin ATM to purchase or sell Bitcoin. This can be super convenient since you just drive or walk to a nearby ATM and complete a process similar to the one you would on a bank ATM. The difference in this case is that you are either spending cash to buy Bitcoin or selling Bitcoin to get cash. Be sure that the ATM you choose allows selling if that’s what you are after. Not all of them have this functionality yet.
Bitcoin ATMs in LA
If you are interested in purchasing Bitcoin through an ATM, RockItCoin makes that easy for you and others in the Los Angeles area. All you need to do is visit their website to find a nearby Bitcoin ATM and drive over. The process is super easy.