The bitcoin price rally of 2016 has been nothing if not exciting to watch. Starting off the year at just over $430 to highs above $760 and back down to the current price at the end of June 2016 of about $650 there has been much volatility in the bitcoin market.
There have been a great many factors to influence the price of bitcoin in 2016 including the bitcoin halvening, the blocksize debate and Brexit but one thing is sure it can still be difficult to buy bitcoins in Florida safely.
How exactly do you acquire bitcoins in Florida?
The regulated bitcoin exchanges
The popular place to buy a bitcoin is any of the regulated exchanges such as Circle, Coinbase and Bitfinex. Any of the regulated exchanges will require you attache your bank account or debit card after account verification which includes uploading identification and residency documents.
Once your account is approved for purchase you will be limited to lower amounts of buys until your account matures or you provide additional banking and credit references. The entire verification process can take anywhere from a day to a month depending on your ability to provide them proper documentation.
Once your account is setup you must operate within the rules and regulations of these exchanges. Some exchanges like Coinbase have been known to go beyond the requirements and are seen as more stringent then necessary and against the greater freedom of bitcoin.
Buying from Bitcoin Traders in Florida
There are a number of bitcoin traders in Florida who can be found using peer to peer bitcoin marketplaces like Localbitcoins and Paxful. Purchasing from local bitcoin traders requires precautions and planning. Not all bitcoin traders are equal or can be trusted to complete the trade as agreed and on time.
Some bitcoin traders are in it for a fast buck or interested in developing contacts they can scam now or some time in the future. Be careful when dealing with local traders to make certain you are receiving the coins by waiting for proper confirmations on the blockchain.
Never release coins or payment until you are certain that your transaction is secured and complete. It is very easy to get confused about bitcoin transfers and addresses and these are the opportunities that scammers are looking for.
New bitcoin traders should deal with established bitcoin traders in Florida with verifiable feedback and reputation. There are more things to consider then price when buying bitcoins and your safety, privacy and security have a price.
Why buy from us?
Well of course everyone think’s they are they best and there are many reasons for doing business with someone but we take pride in our reputation and ability to tend to a clients specific needs. Contact Us or open a trade on our Marketplaces page.