If
you are planning on purchasing Bitcoin and you are in the Los Angeles
area, you just might think that your only option is to buy it online.
That’s not the case anymore though, because you can now buy your
Bitcoin using cash alone by going to a Bitcoin
ATM in Los Angeles.
These machines work just like traditional ATMs in that you deposit
and withdraw cash directly from the machines themselves to complete a
transaction.
Every Bitcoin transaction is recorded in a
blockchain which will keep a record of where your money is stored.
Once you have entered cash into a machine, it will then ask that you
provide information about your personal Bitcoin wallet that must be
setup prior to using a Bitcoin machine. The value of the cash will
then be deducted from in order to cover a small fee associated with
the transaction, but the rest of the cash will then be converted
directly into Bitcoin and deposited into your personal
wallet.
That’s it. No technical expertise required. In
fact, you don’t even need a cell phone to complete a Bitcoin
transaction. There are now paper wallets available that can hold all
of the information you will ever need to make Bitcoin deposits and
withdraws. Just enter your cash into a machine and get a receipt in
return with all of the information you need to complete a
transaction. Or just scan the bar code on your receipt and a Bitcoin
ATM in Los Angeles will do the rest. Your cash will be deposited into
your Bitcoin wallet in about 15 minutes or so on average if you are
making a deposit. If you too are ready to start buying Bitcoin using
cash, then head on over to a RockItCoin
Bitcoin
ATM.
