Not only is cryptocurrency becoming increasingly accepted as a standard form of payment, it is becoming a solid investment strategy. Nevertheless, there are safe and unsafe ways to buy and sell Bitcoins. Here are a few things you should consider when engaging in a Bitcoin transaction.
Perform your due diligence.
Don't purchase Bitcoin or altcoin without doing extensive research – especially if you're brand-new to buying cryptocurrency. Unfortunately, you probably won't find all of the information you'll need about available cryptocurrencies in a single reference whitepaper, and many of the articles online are published specifically to convince readers to buy cryptocurrency. Find pieces published in reputable periodicals, and get advice from a certified financial planner if you want to purchase a significant amount.
Make security your priority.
Always use verified and licensed Money Service Businesses when buying or selling Bitcoin – buying cryptocurrency from someone you've connected with on Reddit is an ill-advised strategy, especially since you won't have any legal recourse if your cryptocurrency is stolen or if the transaction goes sour. When buying or selling your Bitcoin or altcoins, keep the following in mind:
- Always make sure the blockchain transaction is verified. Never assume the transaction has gone through without official verification, which can take several minutes.
- Make sure you have strong antivirus software on the computer that holds your cryptocurrency wallet. If malware invades your computer and steals your cryptocurrency, it's gone forever.
- Know the difference between an invalid destination address and an incorrect one. Just because an address is incorrect doesn't mean it's invalid. Always double-check the destination address when transferring cryptocurrency. If you enter an incorrect address and send the currency, the transaction will be completed, and the Bitcoin or altcoin will be lost.
CoinFlip ATMs: Ways to Buy and Sell Bitcoin Quickly and Securely
CoinFlip ATMs offer users a cash alternative to purchasing and selling Bitcoin and other cryptocurrencies via online exchange. ConFlip ATM terminals are easy-to-use, secure, and fast, transmitting cryptocurrency quickly and accurately. To learn where to find a CoinFlip ATM terminal, please visit CoinFlip.Tech for the most convenient location.
CoinFlip offers cash Bitcoin ATM terminals throughout the U.S. To learn more about how to buy and sell Bitcoin using CoinFlip ATMs, please visit the FAQ page.