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 awesome choice.
Heading to one of many Bitcoin ATM locations is a convenient and easy way to buy crypto. Read on to learn 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. Simply insert the amount of money into the machine and wait for the corresponding about 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. Enter the amount of cash 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
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 extremely easy 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.
Finally, Bitcoin ATMs are awesome in that they’re secure.
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. 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 full $71 assuming that this steady growth continues.
$100 is also a small 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.
Invest in Cryptocurrency Today
While there are many awesome 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!