Why Should You Find Bitcoin ATM Locations Near You?

Currently valued at $1.6 billion, the global cryptocurrency market is only expected to rise. Experts project that it will be worth a whopping $2.2 billion by 2022.  

If you’re looking to claim your stake in the Bitcoin empire, you’re making an excellent choice. Heading to one of many Bitcoin ATM locations is a convenient and easy way to buy crypto. 

In recent times, one can find Bitcoin ATMs in various convenience stores. You can even spot them in shopping malls as well as restaurants from across the country. This has made cryptocurrency more convenient and accessible for everyone.  

There are many people who still invest in Bitcoin or maybe prefer buying their crypto online. Whatever the case is, first, it is important to understand what a Bitcoin ATM is and how you can find one in your area. 

What Is A Bitcoin ATM? 

A Bitcoin ATM is a kiosk that looks similar to a regular ATM. Unlike traditional machines, though, it serves as a hub for you to buy and sell bitcoin. 

The first function that they perform is allowing you to access Bitcoin using cash.  

Insert the amount of money into the machine and wait for the corresponding amount of Bitcoin to appear in your eWallet. This entire process should only take around 5 minutes. 

You also can sell Bitcoin for cash by scanning your eWallet QR code and ID. Please enter the amount of money that you want to receive from the machine and wait for it to dispense these funds.  

You’ll see the corresponding amount of Bitcoin leave your eWallet shortly. 

Bitcoin ATM Benefits

Before we start to learn about Bitcoin ATM Locations, it is necessary to learn about its benefits first. There are many reasons that Bitcoin ATMs are the best way to access cryptocurrency. The first is convenience. Bitcoin ATMs are in lots of easily accessible venues all across the US. 

They’re also straightforward to use. All you need to do is securely scan an ID, scan an eWallet QR code, and insert cash. You’ll have your Bitcoin ASAP. 

The instant nature of ATM transactions is also a pull towards these machines. While you’d need a week to receive Bitcoin from online exchanges, you can get crypto in under 5 minutes from kiosks. 

Furthermore, the Bitcoin ATMs offer a user-friendly interface to help find the nearest machine real quick. It also provides you with all the detailed information that you need before making any transaction.  

Additionally, Bitcoin ATMs provide hours of operation, fees, rates, and limits so that you can make the best decisions.  

Finally, Bitcoin ATMs are fantastic in that they’re secure. 

Apart from these, a Bitcoin ATM locator is also a convenient tool for buying, selling, or even exchanging cryptocurrency. You can even buy or sell bitcoin through cash.  

Where Can You Find Bitcoin ATM Locations? 

Bitcoin ATMs are conveniently accessible. You can find them in places such as: 

• Local banks 

• Grocery stores 

• Convenience/department stores 

• Gas stations 

Google ‘Bitcoin ATMs near me,’ and locations in your area will likely pop up. If not, check these venues next time you visit them. Please make a note of where they are so that you can go back when you want to make a transaction. 

Why Buy Bitcoin?

The Bitcoin price is growing at a rate of 7.1% per year, meaning that you’ll multiply the value of your crypto by this percentage each year if you save it.  

If you invest in $100 worth of crypto today, you’ll have made a profit of $7.10 by this time next year. In 10 years, you’ll have made a whole $71, assuming that this steady growth continues. 

$100 is also a tiny investment. Imagine the sum that you could make if you were to invest even more! 

Bitcoin is also awesome because you can spend it in stores. Many major credit card providers, including Visa, have begun to offer debit cards that hold Bitcoin.  

You can swipe this card anywhere that accepts it and spend Bitcoin. 

Associated Risks And Benefits Of Bitcoin ATMs

Benefits:

• Easy to access: Cryptocurrency is not a central system, which is why anyone can buy or trade it. It doesn’t matter whether they have a bank account or not. The availability of Bitcoin ATMs helps to easily buy or sell Bitcoins by trading them with cash.  

• Privacy: In Bitcoin ATM, you would not be required to share any kind of personal information. However, there can be instances where you may have to scan your ID before completing your transactions.  

• Selling Bitcoins: There are some Bitcoin ATMs that have bi-directional functionality. This way, the customers will be able to sell bitcoins as well.  

Risks:

• Lack of options for cryptocurrency: In general, Bitcoin ATMs allow you to trade cash for bitcoins. However, if you are looking for some other kinds of cryptocurrency, then you can visit the online crypto exchange.   

• Lack of protection: Bitcoins and other kinds of cryptocurrencies are not regulated by the Federal government. So, every time you get a Bitcoin from a specific Bitcoin ATM and add it to your digital wallet, it is not insured by the Federal Deposit Insurance Corp. or FDIC.  

So, there is no proper protection from theft or the loss of funds.  

Invest In Cryptocurrency Today 

If you think that you are interested in trading in cash to buy or sell bitcoins, then Bitcoin ATMs can be a better and more convenient option for you. You can easily find them all across the USA. Moreover, you don’t even have to share your banking information to use the Bitcoin ATMs.  

While there are many excellent investments that you can make in 2022, cryptocurrency is one of the best. 

Now that you know why you should find Bitcoin ATM locations and make a transaction, it’s time to learn more about digital assets. Check out the ‘finance’ tab on our home page for more information! 

Read Also:

• • The Risks & Benefits of Trading Forex With Bitcoin
  • Top 5 Crypto Coins That You Should Look Into In 2024
  • Bitcoin Locations: How to Find Places that Accept Cryptocurrency