These machines let you buy Bitcoins with cash and, in some cases, debit cards. They’re an easy way to buy crypto without negotiating the baffling world of exchanges.
Yet how do they work? What do you need to do if you want to use one?
In this guide, we’ll teach you more about cryptocurrency ATMs, how they work, and how you can find one near you. Are you ready to learn more? Then let’s get started! If you’re thinking of buying Bitcoin, like, you need to know about Bitcoin ATMs.
What Are Bitcoin ATMs?
Bitcoin ATMs are a way to buy cryptocurrency without having to go online, download any apps, or find someone who wants to sell. All you need to do is get a QR code that contains information about your Bitcoin wallet, then scan this at the ATM, deposit your cash, and get your Bitcoins.
If your bank account is linked, you don’t need to insert cash, either. However, one of the benefits of Bitcoin ATMs is that they’re relatively anonymous. You can buy it with cash while entering few or no personal details, swapping one anonymous form of currency for another.
If you want, you can also sell Bitcoins for cash using a Bitcoin ATM. Some will also let you buy and sell gift cards, check out this site for more info: https://www.bytefederal.com/giftcards/.
How Much Does It Cost to Buy Bitcoins?
When you make a purchase on a Bitcoin ATM, you’ll be charged for the Bitcoins that you’re buying plus a fee. This fee will vary from ATM to ATM but usually sits at around seven percent, with some charging more and some charging less.
The exact number of Bitcoins that you’ll receive in exchange for your cash will also vary from ATM to ATM. They all have their own specific exchange rates that are usually similar but not exactly the same.
Where Can I Find Bitcoin ATMs Near Me?
There are thousands of Bitcoin ATMs across the United States. You can find them in gas stations, convenience stores, shopping malls, and more. However, you don’t want to have to go on a blind hunt for a Bitcoin ATM.
So, where is the nearest Bitcoin ATM? You should use a locator site to find a Bitcoin ATM near you.
Can I Buy Other Cryptocurrencies at ATMs?
Yes! Bitcoin isn’t the only crypto that you can buy at an ATM. If you want to diversify your portfolio, you can find other cryptos like Ethereum on ATMs near you, and some will let you swap one cryptocurrency for another one.
Cryptocurrency ATMs Are a Great Way to Buy Crypto
If you’re interested in investing in Bitcoin, then you should give Bitcoin ATMs a try. They’re a great way to buy Bitcoin without having to navigate the online crypto marketplace, and you can even swap your Bitcoin for cash or other currencies!
For more interesting information about crypto and a wide range of other topics, check out the rest of your blog today!