It is likely that you are aware of the variety of fees that are charged by banks when it comes to withdrawing money. This is annoying. However, it is truly infuriating when you are burned by a bank and are charged exorbitant fees. A few of the fees that banks commonly charge include overdraft fees, account maintenance or minimum balance fees, and returned deposit fees. The fees go up even higher when performing international transactions and using multiple types of currency.
This frustration has led many to buy Bitcoin with a bank account or using an ATM. People like the fact that they can get rid of banking fees when using cryptocurrency.
Another benefit that comes when a person decides to buy Bitcoin with a bank account or using an ATM is the fact that the transaction happens almost immediately. With banking transactions, the bank decides how long the transaction will take. They decide when you can have access to your money. They decide how much of your money you can have access to.
Another reason why individuals feel frustrated with banks is that banks can use your money to invest and make money. However, they only offer low interest rates on the money that is in your bank accounts. The switch to cryptocurrency gives people the freedom they want.
There are fees that are associated with the use of cryptocurrency. However, they are dramatically lower than the fees associated with using banks.
Learn how RockItCoin has made it possible for individuals to get access to Bitcoin by means of the ATMs they distribute and operate by visiting this website.
