Bitcoin ATMs have quickly become one of the best ways for people to exchange their local currency for bitcoins. They are fast, secure, and allow people to purchase their coins without having to go through unnecessary security hoops. This blog looks at the top 5 reasons why you should buy bitcoins from a bitcoin ATM.
- You are a bitcoin newbie.
Many people get their first taste of cryptocurrency using a Bitcoin ATM. This is because while they are essentially anonymous, do not charge fees for transactions (unlike services such as PayPal, for example), and allow you to purchase crypto in the form that corresponds to cash. To use a Bitcoin ATM, simply select which cryptocurrency you would like to purchase, scan your digital wallet QR code, insert your money into the machine, and receive your coins within minutes!
- You value privacy.
Converting crypto to cash means there are no discernable charges on your credit card or bank account. This adds a layer of privacy to your crypto investing journey that cannot be found from an online exchange where the use of a credit/ debit card is mandatory for registration. We’re well aware that it’s crucial to maintain a sense of privacy now more than ever.
- It enables you to keep your transactions secure.
One of the main advantages of bitcoin ATMs is that they provide a safe and secure way to buy bitcoins directly from your wallet, ensuring you have complete ownership of your coins at all times. Another fantastic benefit is that they don’t require much personal information besides your name and phone number (depending on the size of your transaction). Therefore, even if a Bitcoin ATM operator were ever compromised or hacked (which has never happened), your personal information would not be at risk.
- You need your crypto ASAP.
Transactions made through a Bitcoin ATM machine are typically processed within three minutes – which is pretty fast and convenient in case you need your crypto as soon as possible. This means your coins will most likely be in your wallet before you get back to your car after using the ATM machine. Unlike cryptocurrency exchange users who have most likely experienced times when their exchange websites shut down because of overcapacity, you can feel very confident buying your coins using an ATM.
- You don’t have a bank account.
In case you don’t own a bank account, it’s helpful to know that Bitcoin ATM machines can create a gateway between you and the digital economy. That way, you can get a sort of financial security by storing your funds and accessing essential financial services. Also, people who have a lot of cash on hand every day (such as servers or delivery drivers) can rest assured knowing their money is safe and sound stored in cryptocurrency, instead of a high-risk place such as their purse or home. Most importantly – our ATMs have virtually no barriers to entry. All you need is a digital wallet and a phone number!