Bitcoin and cryptocurrencies are becoming more and more important. As inflation runs rampant in dozens of nations across the globe, cryptocurrencies offer an inflation hedge, allowing innocent citizens to preserve their income and wealth, even as their local economy slowly collapses.
And with major conflicts emerging, borders shutting down, and financial systems crippling, cryptocurrencies offer the only means of accessing money at all.
There’s never been a more important time to buy bitcoin. And with bitcoin ATMs, everyone in the US has access to cryptocurrency.
If you’re ready to buy and trade cryptocurrency for the first time, then keep reading below to discover why crypto ATMs are so important, and how to buy bitcoin using one.
Trade Cash for Bitcoin
There are many ways to buy bitcoin. But there’s only one way to do so with physical dollar bills; a bitcoin ATM.
At a bitcoin ATM, you insert cash, and bitcoin, or your chosen cryptocurrency, gets added to your digital wallet. It couldn’t be a more simple process. This is important for those who get paid part or all of their income in cash, or those who prefer not to use the traditional banking system.
If you don’t use a bitcoin ATM to obtain cryptocurrency, you’ll need to use a digital cryptocurrency exchange. While they are the most popular way of purchasing cryptocurrency, they also require the use of banks.
To use a traditional crypto exchange, you need to transfer funds from a bank account to your trading account on the exchange. This is an unfortunate step for those who are looking to bypass the traditional banking system altogether.
If you buy bitcoin with cash at a crypto ATM, however, you don’t need to use a bank for any aspect of the trade. Once you own crypto, you can then send that crypto to other wallets and exchanges as well. This allows you to build your crypto trading accounts using cash.
Buy Bitcoin With Card
Most Bitcoin ATMs only take cash. This lowers the risk for the ATM provider, as there is no chance of a chargeback or a dispute, which is a common way to commit fraud.
But this also limits who can use the ATM, as not everyone holds cash on a regular basis. Luckily, there are some ATM providers that allow you to buy crypto with a debit or credit card.
This business, for example, accepts card payments, making it a one-stop shop for people looking to buy crypto today, without having to go online and deal with an exchange.
Finding a Bitcoin ATM Near Me
To use a bitcoin ATM, you first need to find one. They are often found at grocery stores, convenience stores, gas stations, and other high-traffic areas.
You can also use an online locator to find the one nearest you.
When you head to a bitcoin ATM for the first time, you’ll need to create an account. Bring your photo ID, as well as a smartphone. You’ll need a crypto wallet app on your phone in order to store your cryptocurrency.
Start Trading Crypto With Bitcoin ATMs Today
Bitcoin ATMs are one of the easiest ways for the masses to buy a cryptocurrency for the first time. Many users continue using them for years, due to the simplicity of depositing cash and getting bitcoin, an asset that appreciates over time.
You can use that crypto for anything you want, including short and long-term trading. Are you ready to get some crypto today?
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