Bitcoin is the most popular cryptocurrency in the world. It was created in 2009, and its price has skyrocketed ever since.
Not only are cryptos often purchased as investments, but people can also use them to purchase goods and services. Because they use blockchain technology, they are a very safe and convenient form of currency.
Especially now that innovations such as the Bitcoin ATM machine exist, trading cryptos is now easier than ever. Simply put, a Bitcoin ATM allows you to trade cryptocurrencies for cash, or vice versa.
Using a Bitcoin ATM is very easy, and will make trading cryptos a breeze. The biggest difference between this machine and a traditional one is that, unlike regular ATMs, the funds you manage in a Bitcoin ATM will not go through a bank.
Trading Bitcoin using one of these ATMs is one of the most convenient ways to get started in the world of digital currency.
So, if you’ve been thinking about diving into the world of cryptocurrency trading, you’ve come to the right place. Keep reading to find out why you should be using a Bitcoin ATM for all your crypto needs.
1. You Want an Easy Experience
Bitcoin ATM machines will make cryptocurrency exchange a total breeze. When you approach one of these Automated Teller Machines, all you will have to do is follow a step-by-step guide to trade. You will not have to explore complicated trading exchanges, and you will not have to deal with confusing apps or bank programs to complete your transactions.
2. You Want a Fast Experience
Although online providers also offer fast services, it often takes days or even weeks for your account to get approved. With Bitcoin ATMs, you do not have to worry about approval processes or delays. If you’ve been looking for a way to avoid verification when trading cryptos, checking out Bitcoin ATMs is the best way to go.
Because the price of Bitcoin fluctuates, the time it takes to be verified might become a huge setback. That is, if you were looking to trade cash for Bitcoin, the price might increase while you are waiting for your account to be approved.
Even if you don’t have an account with that Bitcoin ATM provider, you will be able to complete all the setup and start trading very fast. Therefore, from your first transaction at one of these ATMs, you will be able to do all your trading within minutes.
3. You Are Looking for Convenience
There are thousands of Bitcoin ATMs in the world. This makes it a very convenient way of trading cryptocurrency no matter where you are.
Although there are still a lot more traditional ATMs available than Bitcoin ATMs, chances are that you can easily find one near your area. Because the demand for cryptocurrency exchange continues to grow, it is becoming a lot easier to find these ATMs at various locations.
Just in the U.S, Byte Federal has a network of more than 1,000 of these machines. Finding them is extremely easy using their interactive map.
4. You Want Privacy
Trading cryptocurrency is a lot more private in nature than using a credit or debit card. When using a Bitcoin ATM, you will still need to verify your identity, but all transactions will be a lot more private than any exchange made through an online provider. Depending on how much money you are investing, you will likely only have to provide your name, phone number, and ID.
You have to remember that when you are dealing with cryptocurrency, there is a public record of all transactions. In addition, large exchanges still have to be reported to the IRS. However, exchanging crypto using a Bitcoin ATM is one of the most private ways to do so.
5. You Value Security
When you trade cryptocurrency using a Bitcoin ATM, there is no third party participating in your transaction. Sure, the ATM machine is run by a business or operator, but you should think of them as the host of the machine- they do not have any power over your transactions.
Because of the lack of third parties, using a Bitcoin ATM can be more secure than using an online platform to trade. Using these machines is a way of ensuring that you always have total and complete control and ownership over your crypto coins.
Using a Bitcoin ATM machine will keep your mind at ease knowing that you will not have to deal with hackers or scammers.
6. You Are New At Crypto Trading
Begining your cryptocurrency journey might be very overwhelming. Especially when using online providers or banks, the entire process can be long, confusing, and complicated.
Using a Bitcoin ATM does not require experience with cryptocurrency, and can be the easiest way to get started. The machine itself will make it easy to navigate each transaction, providing an easy-to-follow menu that makes crypto trading pretty much foolproof.
7. You Don’t Like Banks
No bank? No problem!
A Bitcoin ATM will not ask you to provide any bank details. So, even if you do have a bank account, you don’t have to feel forced to link it when trading cryptocurrency.
Most online providers do ask for bank information. That is why using Bitcoin ATMs is the best way to manage cryptocurrency exchanges if you are not necessarily a fan of traditional banks. To get started at a Bitcoin ATM, all you will need is your cash, a photo ID, and your phone.
It is that easy. So, if you are looking for a smart way of managing your cash without involving a third party such as a bank, investing in cryptocurrency using a Bitcoin ATM is the best way to do so.
8. You Are Looking to Invest Lots of Cash
If you have a lot of cash in hand, using a Bitcoin ATM is a great place to manage it. Especially if you don’t have a bank account, or don’t want to use a bank account.
Bitcoin ATMs are a great way to handle your cash without putting it at high risk. The great thing about these ATMs is that they allow you to invest in many different types of cryptocurrencies. So, even if you are not a fan of Bitcoin, you might find yourself interested in investing in another crypto coin.
A lot of people fear cryptos like Bitcoin because of its price volatility. However, other coins are more stable and can make great investments for someone just looking to put away their cash in a safe place without involving a bank.
9. You Are Not Tech-Savvy
Words like “blockchain,” “encrypted,” “decentralized,” etc. are often used when discussing cryptocurrency trading. This type of jargon can be very discouraging to anyone who doesn’t consider themselves to be tech-savvy.
Although research is always an essential part of any investment, it is important to know that you do not have to be a tech genius to trade cryptocurrency. Bitcoin ATMs make cryptocurrency exchange become a process as mundane as depositing or taking money out of a regular ATM machine.
Therefore, if you have not invested in cryptocurrency in the past because it seemed like a very complicated and technological process, Bitcoin ATMs will be the solution that helps you finally embark on that financial journey. Forget about complicated apps full of jargon. Just do some research about the specific crypto coins that you want to trade, and follow the easy instructions on the Bitcoin ATM.
10. You Want to Open a Crypto Wallet
If you don’t want to go through the process of acquiring a crypto wallet online, using a Bitcoin ATM is the easiest way to get your hands on one. A crypto wallet allows you to keep your cryptocurrency safe and lets you receive, send, and spend digital currencies. Therefore, if you are looking to start trading your cash for crypto, having a wallet you can trust is incredibly important.
When you use a Bitcoin ATM, the machine will create a crypto wallet for you. So, you can get your wallet and start trading within minutes.
11. You Travel a Lot
Using Bitcoin ATMs is a fantastic way of handling your money if you are a frequent traveler. Using cryptocurrency is a good way of avoiding high currency exchange rates.
Whether you are traveling for business or fun, using a Bitcoin ATM will ensure that you don’t waste any time at long lines for foreign currency exchange. Trading crypto while traveling is safe, fast, and incredibly convenient.
As of today, more than 70 countries have Bitcoin ATMs. So, no matter where you are traveling, you will likely be able to find one near. This will help you be a lot more efficient when handling your finances from abroad.
12. You Need Customer Service
If you find yourself struggling with your crypto investments when using an online provider, it might take hours or even days to reach a representative to help you out with any issues.
However, if you are using a Bitcoin ATM, you can have more peace of mind knowing that most kiosks usually have 24/7 customer service. So, if you’ve been skeptical about trading cryptocurrencies because you are not sure you’ll get quick assistance if something goes wrong, you no longer have to worry about that.
Using a Bitcoin ATM for all your cryptocurrency exchanges is a good way of ensuring that you’ll get a quick customer service response if you need it. Bitcoin ATMs have the goal of making your crypto-trading journey as easy as possible. So, you can approach cryptocurrency knowing that you’ll get immediate help if you stumble upon a roadblock when making your transactions.
Features may vary depending on each machine, but most Bitcoin ATMs offer phone lines, live support, or chats.
13. You Need Familiarity
Cryptocurrencies are not necessarily a new concept, but they recently started to become a normalized way of handling money. Although using crypto comes with many incredible benefits, getting used to using a completely different currency comes with challenges.
Using a Bitcoin ATM is a good way to dive into this financial journey with more confidence. Because these ATMs resemble the traditional ones used to make cash deposits and withdrawals, exploring cryptocurrencies will not seem like a completely unfamiliar process.
Of course, a Bitcoin ATM works in different ways than a traditional one. However, the similarities of the machines will make the process a lot more comfortable and less intimidating.
14. You Want Your Money or Crypto Immediately
When you trade cryptocurrencies using online providers, it might take hours or even days for the transaction to be finalized. A lot of times, people just want their cash or crypto coins to be available immediately. If this is the case, using a Bitcoin ATM is the best option.
Most times, transactions made on a Bitcoin ATM are processed within minutes. So, whether you went to the machine to trade cash to crypto, or vice versa, you will either walk away with your cash in hand or have the crypto funds available in your account almost immediately after you completed the transaction.
Use a Bitcoin ATM Machine Today
Using a Bitcoin ATM machine is the easiest and fastest way to handle all of your cryptocurrency exchanges.
These ATMs have popped up all over the world, making them a fantastic way of handling all your Bitcoin transactions from many different locations. These ATMs are convenient, safe, and private. Whether you are looking to trade cryptocurrencies as an investment, or as a means to purchase goods and services, Bitcoin ATMs are a foolproof way of beginning your journey with digital currencies.
So, what are you waiting for?
For more tips and tricks on how to be more efficient with your crypto, make sure to check out our blog.