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What is Bitcoin?

Bitcoin is a consensus network that enables a new payment system using digital money. It is the first decentralized peer-to-peer payment network, powered by its users with no central authority or middlemen.

Why use Bitcoinofamerica.org?

Virtual currency is becoming more popular by the minute. In fact, it seems that everyone wants in, yet it isn’t always so easy to get a hold of. For instance, the process of purchasing Bitcoins by bank transfer is a lengthy one, which in some cases can take days. Getting approval for your documents can also take a while, so until you actually get your order processed, it could take some time. BitcoinofAmerica.org is here to change that. We now offer the fastest way of purchasing virtual currency online using your Credit Card, Debit Card, Cash, Wire, and PayPal, so you can buy bitcoins 24/7!

Do you offer your service internationally?

Depending on your country of residence, you may not be able to use the functions of the site. It is your responsibility to follow those rules and laws in your country of residence and/or country from which you access this site and service. Unfortunately, due to changes in our policy, we cannot currently serve any customers outside US residents.

Can I Use A Credit Card?

Yes, you can purchase Bitcoins with a Credit Card or a Debit Card.

What methods of payment does Bitcoin of America offer?

With Bitcoinofamerica.org, you can buy Bitcoins with credit card, cash, wire, PayPal and Cash Deposits. However, we always prefer payment via wire transfers.

What is a Reference ID number?

A Reference ID number or MTCN number is a unique number generated after you complete a payment via MoneyGram or Western Union. You have to update us with this number on step 3 in order to allow us to locate your transfer successfully.

What if I want to buy more/less coins than the amounts offered?

If you would like to buy different amounts, please enter the amount in each box to complete your purchase.

Where can I get a Bitcoin wallet?

To download a Bitcoin wallet for free, you can visit www.blocktrail.com or www.block.io, or www.blockchain.com. There are several good site that offer good wallets. Simply pick out the one you feel is best for you.

How can I prove that a Bitcoin transfer was made?

Check http://blockchain.com or www.blocktrail.com and copy and paste the TIN (Transaction Identification Number). You will be able to see the records of the coins sent to or from your address. You can also check www.blocktrail.com or any other site that offers bitcoin transactions, also known as TINs.

Why must I provide my personal details?

As part of BitcoinofAmerica.org’s policy to prevent money laundering, we request our clients to identify themselves. If we cannot identify you, we will not do business with you.

Are my credit card details saved in your system?

We do not save your credit card info, as we use a merchant account to collect your payments only.

Is there a limit on how much I can purchase?

Yes, only if you pay with a credit/debit card, and PayPal, there is a $100 per day per person limit. If you pay with cash, you can purchase up to $7,500 worth of bitcoins per month and for anything more, we use wire. Using wire transfer, you can make unlimited purchases. Moreover, we offer you a nice break on the rates, especially if you plan to purchase daily. We also give you the coins the same day usually, since we receive most wires the same day.

Anti-Money Laundering

Courts and jurisdictions are divided on whether or not digital and virtual currencies are actual currencies. Accordingly, digital and virtual currencies may or may not be “money” and, therefore, not subject to anti-money laundering statutes.

We have developed and You agree to abide by Our anti-money laundering policy, designed to meet strict standards, including the existence of systems and controls to mitigate the risk to any person who accesses or uses the Service. This includes, but is not limited to:

  • Establishing robust internal policies, procedures and controls that strive to combat any attempted use of BOA for illegal or illicit purposes and to offer our customers’ basic protections under consumer protection laws;
  • Complying with the applicable regulations and guidance set forth by the Financial Crimes Enforcement Network (“FinCEN”);
  • Filing Suspicious Activity Reports (“SARs”);
  • Filing Currency Transaction Reports (“CTRs”);
  • Maintaining comprehensive records of orders and other transfers;
  • Appointing a Chief Compliance Officer who will be responsible for the implementation and oversight of our BSA/AML Program;
  • Executing Know Your Customer (“KYC”) procedures on all customers;
  • Performing regular, independent audits of our BSA/AML Program;
  • Following record retention requirements; and
  • Implementing a formal and ongoing compliance training program for all new and existing employees.

Our Customer Identity Program (“CIP”) is an important part of our BSA/AML Program, and helps us detect suspicious activity in a timely manner, and prevent fraud. In accordance with this, in order to open an Account, Your identity must be verified, authenticated, and checked against government watch-lists, including the Office of Foreign Assets Control (“OFAC”). If You are an individual, prior to opening an account, We will collect, verify and authenticate the following information:

  • Email address;
  • Mobile phone number;
  • Full legal name;
  • Social Security Number (“SSN”) or any comparable identification issued by government;
  • Date of birth (“DOB”);
  • Proof of identity (e.g., driver’s license, passport or government-issued ID);
  • Home address (not a mailing address or P.O. Box); and
  • Additional information or documentation at the discretion of our Compliance Team.
  • Non-US Customers will be required to provide proof of address (e.g., electric, gas or water bill).

If You are an institutional customer, We will collect, verify and authenticate the following information:

  • Legal name;
  • Employer Identification Number (“EIN”) or any comparable identification number issued by government;
  • Full legal name (of all account signatories and beneficial owners);
  • Email address (of all account signatories);
  • Mobile phone number (of all account signatories);
  • Address (principal place of business and/or other physical location);
  • Proof of legal existence (e.g., state certified articles of incorporation or certificate of formation, unexpired government-issued business license, trust instrument or other comparable legal documents as applicable);
  • Contract information of owners/principals/executive management (as applicable);
  • Proof of identity (e.g., driver’s license, passport or government-issued ID) for each individual beneficial owner that owns 10% or more, as well as all account signatories; and
  • Identifying information for each entity beneficial owner that owns 10% or more (see individual customer information collected above for more details).
  • If your institution successfully meets and completes our CIP requirements and neither it, nor any of its owners, principals, executive, or managers appear on OFAC or any other governmental watchlist, we will provide you with account opening agreements electronically.

We also file required reports (i.e. Suspicious Activity Reports) if we know, suspect, or have reason to suspect any malicious activities . A suspicious transaction is often one that is inconsistent with a customer’s known and legitimate business, personal activities, or personal means.

Our compliance department monitors transaction to help identify unusual patterns of customer activity. In addition, we have to report all currency transactions over a determined amount to the US government (i.e. FinCEN). Our compliance department maintains records and supporting documentation of all reports that we file.

We retain all records for five (5) years and are readily available upon official request by an applicable examiner, regulator, or law enforcement agency.

Bitcoin Of America Bitcoin Of America 888-502-5003 support@bitcoinofamerica.org