Ethereum is not a common term that many people outside of the cryptocurrency world are familiar with. For those that do not know, Ethereum is a block chain solution that allows developers to build apps and contracts. The cryptocurrency that is associated with Ethereum is called Ether. Ether enables the block chain and all of its updates. Who might use this cryptocurrency? If you’re looking to explore beyond Bitcoin, buy Ethereum in Los Angeles may be a good option for you. If this has piqued your interest, here are some ways to purchase it.
On An Exchange
As with most cryptocurrencies, in order to purchase them you’ll need to go online. Online you will be able to access an online exchange. There are many exchanges that offer the ability to buy Ether. Ether is considered the second most stable cryptocurrency in the world. Once you choose an exchange, you will then need to register. Registration will involve providing some personal details about yourself. Once that process is complete, then a method of deposit will need to be provided. Some examples of a method of deposit could include a bank account, PayPal, or a debit card. Once your method of deposit is established, you will be able to begin purchasing Ether. There may be a little bit of lag time in order to see year Ether account balance. This delay varies based on the type of exchange you choose.
Use an ATM
One of the most convenient ways to access currency for any person is through an ATM. ATMs are customarily provided by banks. With the advancement in cryptocurrency technologies, there are ATMs available for Bitcoin and Ether transactions in Los Angeles. In some cases, you may find that there are limits on the size of the transactions that are allowed. Also, in order to use the ATM, you will need a wallet. Besides that, the process of getting Ether using an ATM is fairly straightforward. Once you find an ATM, then you have to scan a QR code. After that, insert the cash or use a credit or debit card and then you’ll receive corresponding Ether. Just as a reminder, the process of applying the balance to your Ethereum account may take a few minutes. Once you see the balance reflected in your wallet then the Ether has been purchased successfully.
Are you currently in the Los Angeles area or are planning on traveling there? If you’re looking to buy or sell Ethereum using an ATM, Rockitcoin makes this process convenient. You just have to plug in your location to find an ATM. You can find out more or find your nearest ATM at RockItCoin.
