International payments take a lot of time. It can be frustrating dealing with a bank and trying to get your money from one country to another. If the bank is ready to do the transaction, they are going to charge you an arm and a leg. It is not uncommon for banking fees to range from between 3.5 percent to 10 percent. And they can take several days to process.
Bitcoin transactions are inexpensive and almost instantaneous. If you want to sell Bitcoin near Tucson AZ, it is done with just a few clicks. If you want to use Bitcoin to purchase something from a company in Namibia, the transaction is complete with just a few clicks of a button.
Anyone who has tried to buy or sell Bitcoin near Tucson AZ understands that Bitcoin does have fees. The fees rise based on the exchange being used. Still, these fees pale when compared to transfer fees offered by some of the major banks. Major banks can charge up to $50 to transfer a small amount of money. With Bitcoin, transfer fees are less than four dollars.
For many people, Bitcoin is a good investment because it offers the counterbalance to banks that use a slow and outdated money transfer service. It is great for people who need to make international transfers but are not looking to pay outrageous fees or wait a long time.
Learn more about the power of Bitcoin and see how RockItCoin Bitcoin ATM is facilitating access to Bitcoin through its kiosks when you visit their website.