With Bitcoin taking the mainstream media by storm, now is the best time to invest in this revolutionary cryptocurrency. Exchanges and Coinbase
charge ridiculous fees that are often hidden.
Coinbase
- Familiarity
People get frightened when you mention the word bitcoin. ATM's are something that people feel safe using and have trusted their entire lives. Bitcoin ATM's offer security and peace of mind for those who are new to bitcoin.
2)Usability
The ability to turn cash into Bitcoin in only a few taps on a tablet screen is an amazing thing. People tend to like this sort of simplicity because it doesn’t take much effort to get the coins. I have now used several different types of Bitcoin ATMs and they are without a doubt the easiest way that I have ever used to acquire bitcoin. The more the Bitcoin community around the world reduces the friction to acquire coins, the sooner we will see mainstream acceptance. Do whatever you can to make bitcoin more usable.
3)Speed
Buying from online exchanges like Coinbase
can take as long as a week and Circle claims to offer instant purchases but several stories have emerged that would state otherwise. If you want to avoid bank accounts, the long waits and suspect claims put out by exchanges, the Bitcoin ATM is a great place to go. The near frictionless experience of buying through an ATM is one of it’s greatest features.
4)Tangibility
In order to buy Bitcoin at an ATM, you will need some sort of tangible wallet to store them with. Some Bitcoin ATMs even offer the ability to print out a paper wallet and have your coins sent their for transfer to another wallet shortly thereafter. (This would allow you to buy Bitcoin even if you left your phone at home or something or maybe even give Bitcoin as a gift) Having your own coins safely stored on your own wallet that only you control is a good feeling. And because of the speed of ATMs, they offer a very tangible peace of mind, knowing that you aren’t waiting for your coins for 3-5 business days.
5)Privacy
When you buy bitcoins from an exchange like https://www.coinbase.com/join/5857974b7e55c1418dad3a3d , you have to verify your identity to up your limit. Coinbase puts a limit on the amount of BTC you can buy at once. ATM's offer privacy, no one knows who put the cash in.
Bitcoin ATM
Cash in ----> Bitcoin out
6)Inclusivity
If you have a steady job and a bank account with lots of money in it, then you can just create an account with Coinbase or Circle and transfer money directly from your bank account to buy Bitcoin but what if you are one of the world’s underbanked or even completely unbanked? How do you get Bitcoin if you don’t have a bank account? Well, an ATM might just be one of the best viable options for you since you don’t need much more than some cash and sometimes a cell phone number. These are things that the underbanked and unbanked seem to have pretty easy access to across the globe.
7)Liquidity
The ability to walk up to a machine with cash in hand and walk away seconds or minutes later with bitcoin is something that appeals to a rather large number of people because of it’s instant liquidity. Waiting for days to get your coins from an exchange means that your liquid assets are tied up in “processing” for days. Keep your assets liquid with a stop off at your local Bitcoin ATM.
Find an ATM NEAR you.
https://coinatmradar.com/