If you’re familiar with Bitcoin, then you know that it is taking the world by storm. However, you may be wondering what the best way to pay for your Bitcoin might be. In almost all cases, when you buy Bitcoin with a bank account, it is the safest method that you can use.
Safe To Use
No matter what you purchase with your United States bank account, banking regulations still apply. This includes cyber purchases such as Bitcoin. When you initiate the purchase, you will have a legal transaction tracking number and will be protected from any sort of hijacking attempts by hackers.
Lower Fees
Compared to buying Bitcoin with a credit card, the fees you will pay are much lower when you buy Bitcoin with a bank account. Most bank accounts will charge a wire transfer fee that is equal to only about 1% to 1.5% of the total transaction amount. Conversely, the minimum amount to perform such a transaction with a credit card is often a minimum of $25 to $30. When you consider the fact that most people make multiple purchases of Bitcoin in a month, the savings can be significant.
Purchase Limits
Another very important factor that Bitcoin buyers enjoy when using a bank account for purchases is the fact the transaction limits are very high with a bank account. Most banks will allow you to purchase as much as $100,000 in a single transaction with no issues. Credit card companies frequently place a limit as low as $1,000 on Bitcoin purchases.
If you are interested in buying Bitcoin, visit the nearest RockItCoin Bitcoin ATM today.
