has radically changed the way that transactions can be created. If a
person wants to send money to a relative that lives in another
country, it can be expensive and a big hassle to do it through
traditional methods. However, when a person decides to buy
Bitcoin in Los Angeles and send it to
their relative, it requires a low transaction fee, little paperwork
and is secure.
Small Transaction Fees
of the advantages a person will get after they buy Bitcoin in Los
Angeles is the small transaction fee that’s charged when they decide
to send BTC to a friend or relative. It’s usually close to zero. This
is extremely cheap when compared to the cost of wiring money from
bank to bank.
No Paperwork Is Required
anyone who has ever tried to send money from a bank to an
international destination, they understand how much paperwork is
involved in the transaction process. When a person sends Bitcoin,
there’s no paperwork. All that a person needs is to have BTC in their
wallet and a Bitcoin address as the destination where it can be sent.
Secure and Transparent
information is left out of cryptocurrency transactions, which can
help make it almost impossible to create identity theft. Bitcoin
transactions are also made public through a trustless system, which
makes them highly transparent. When a person wants to send a
transaction like this, they will want to visit a RockItCoin
Bitcoin ATM to buy their BTC.