Options for Bitcoin in the United States Circle’s Departure.
The Circle platform served the UK and other areas, but s ince the company’s departure from bitcoin brokerage services, many U.S. residents asked about other options available to purchase and sell across the United States, Americans have one less option than before. However, there are still various ways U.S. citizens can purchase and sell bitcoins. Here’s a look at a few options:
- Coinbase: During Circle’s business pivot away from bitcoin purchases and sales the company recommended its partner Coinbase. The San Francisco-based startup, founded in 2012 by Brian Armstrong and Fred Ehrsam, is probably the most well-known bitcoin broker. Cryptocurrency users can purchase and sell digital assets such as bitcoin and ether with the Coinbase platform through credit card or bank transfer. Coinbase has various fees for purchasing and selling digital assets that consumers need to research before using the platform. Furthermore, the company does enable users to obtain private keys, works as a general wallet, and also features a vault service. Coinbase is one of the first brokerage services that continues to remain a leader in the bitcoin industry.
- Localbitcoins: is another method U.S. citizens can utilize to purchase and sell bitcoins. A lot of people think that you have to meet people in person to use Localbitcoins, but trades can be done online as well. Localbitcoins also probably has the most payment options available to purchase and sell your digital assets. This included bank cash deposits, Paypal, gift cards, Vanilla, credit cards and many more payment options to choose from. Localbitcoins’ users can opt to trade online or in person depending on how comfortable they are with the process. Localbitcoins trader prices are typically higher than global exchange rates for purchasing and lower for selling.
- Bitquick: is a cryptocurrency exchange that operates similarly to LocalBitcoins but has only one payment method bank cash deposits. Bitquick was founded by Jad Mubaslat in 2013, but was recently acquired by the bitcoin atm company Athena Bitcoin. There really isn’t a verification process unless a user is trading large amounts of bitcoins, and it’s up to BitQuicks discretion. As well as Localbitcoins, users deposit funds into Bitquick’s escrow wallet and then either puts a deal on hold or creates a trade. Consumers conducting a trade to purchase bitcoins deposit cash into one of the membership banks and the seller’s release the funds when paid. There is a few hour window of availability when trading and cancels if the trade isn’t finalized at the end of the time limit. Bitquick prices seem much lower in comparison to Localbitcoins, but there isn’t as many trades available or different payment methods.
- Other Ways Americans Can Purchase Bitcoin: In addition to the services noted above, U.S. crypto-enthusiasts can acquire BTC by using an exchange such as Bitstamp, Gemini, and GDAX. If a Coinbase user has been validated to obtain a USD wallet, they also are verified to register for the GDAX exchange. Furthermore, Bitsquare.io is a decentralized exchange that offers purchasing and selling bitcoins as well. Moreover, investors can also purchase bitcoins across the U.S. utilizing cryptocurrency ATMs located in many states.Coinatmradar is a website to find out where these bitcoin ATMs reside and info on each one.
There are still many choices for Americans to obtain bitcoin. Each option has differences that are appealing such as convenience, payment methods, identity validation or services that don’t require an ID. In time, new companies will arise that offer the selling and buying of bitcoin in many ways.
Disclaimer: InfoCoin is not affiliated with any of the companies mentioned in this article and is not responsible for their products and/or services. This press release is for informational purposes only. Information does not constitute an investment advice or an offer to invest.