According to one study, 21% of Americans have invested in the cryptocurrency market.
If you want to be part of that percentage, one way you can do that is by going to the best Bitcoin ATM.
But what are the benefits of going to a Bitcoin ATM machine? Keep reading to find out!
One of the best benefits of using Bitcoin ATM is that it offers privacy. Bitcoin was made to be secure, private, and decentralized. That’s what Bitcoin ATM takes into account.
When you transfer your Bitcoin to the wallet, the record is visible for everyone to see. However, there won’t be a link so it will keep your identity private.
However, using a large exchange si that you have to give your information to the government, like the IRS. You will need to prove your identity when you use the ATM.
An ATM is also very secure. The infrastructure that runs the ATM is operated and managed by a private company in Switzerland. The related cryptocurrency is used to receive and send transactions that are operated and managed by them as well.
You’ll also have the ATM generate your own private key as a QR code for a paper wallet.
Easy for Beginners
If you’re new to buying and selling Bitcoin, ATMs are also very easy to use. Many people who use it for the first time like the familiarity of the ATM, and it makes it easy to turn cash into crypto.
When you use a Bitcoin ATM, it’s as easy as selecting what crypto you want to buy, scanning your wallet, and then inserting your cash into the machine.
Depending on the transaction, you may need to add your digital wallet, name, and phone number, but that’s it!
People also use these ATMs because they’re very fast. Transactions on an online exchange can be very quick now, but the signup process might take a long time.
It will take a few weeks for your account to be verified and approved. However, you can just walk up to an ATM and get Bitcoin at a good price without any delay.
You can finish your transaction in just a few minutes without having to do a long verification or signup process where you would miss out on a good deal on Bitcoin.
The ATM is also flexible and you can buy or sell cryptocurrencies at any location. The ATM will give you the option to put your Bitcoin in a hard wallet or a soft wallet.
Learn More About the Best Bitcoin ATM Near You
These are only a few benefits of using the best Bitcoin ATM near you, but there are many more.
We know that learning about the cryptocurrency market can be stressful, but we’re here to guide you through everything.
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