How to Buy BURST with Bank of America (2021)

How to Buy BURST with Bank of America

 The 779th ranked coin on CoinMarketCap, Burst, is currently listed at $0.004930 with a market cap of $10,439,006 and a 24-hour trading volume of $20,331. The current circulating supply of the coin is at 2,115,399,096 BURST, with a maximum supply of 2,158,812,800. Launched in 2014, BURST prides itself in being a mineable coin that is the first to implement an environmentally friendly Proof of Capacity protocol at inception, allowing for miners to use storage space for mining. This coin asserts itself as revolutionary to the world of cryptocurrency, given the environmentally friendly stance taken by Burstcoin. 

By allowing miners to use storage space for mining, the coin has a block time of 4 minutes and support for multi-out and multi-out same transactions, putting the maximum throughput time of BURST at around 80tps. In a similar sense, Burstcoin prides itself on being the first blockchain to implement Turing-complete smart contracts, which can be used to deploy on-chain games and create non-fungible tokens. The continuous development of the Burst project comes from their volunteer development team as well as the community members who largely push retail adoption of cryptocurrency (with a focus on BURST, specifically). 

When looking to purchase BURST with Bank of America, there are a few different steps that need to be taken in a sequential order. As a new buyer, you have likely heard of some popular platforms that allow users to purchase mainstream and larger-named cryptocurrency – like Bitcoin or Ethereum. I would recommend that users sign up for Coinbase. Upon getting onto the platform, the user will then be able to choose a wide array of ways to purchase these larger cryptocurrencies which will then be used at a later time to purchase BURST. 

First, deposit some money to purchase the desired amount of Bitcoin or Ethereum. You will do this by linking the bank account or debit card of your choosing (in this case, your Bank of America account). Upon doing this, the most difficult step of the process is complete! With the mainstream cryptocurrency in your possession, you will then look towards signing up on alternative cryptocurrency platforms that offer a large number of altcoins for sale. For this particular coin, investors have quite a few options to choose: Binance, Kraken, and BitFinex are solid options. For BURST, I would recommend using Binance, given how user-friendly it’s API is. Simply convert the BTC or ETH that you already purchased into your newly desired altcoin, Burstcoin! 

You have now completed the necessary steps and processes to purchase BURST – when you wish to withdraw some money or convert it back to cash, simply do these listed steps in reverse!

Magic21

I am a computer engineer more interested on blockchain technology and bitcoin.

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