If you want to trade Bitcoin quickly then you’re probably wondering if there is a Bitcoin ATM near me. Bitcoin ATMs make it very easy to buy and sell Bitcoins and other cryptocurrencies, but with them being new technology they’re not as readily available as standard ATMs yet.
Find Bitcoin ATM Near Me
Bitcoin ATMs allow for purchasing cash in just one transaction through your smartphone, utilizing a crypto wallet and cash over one dollar from a Bitcoin ATM. With the process being simple and efficient using a QR code and a dedicated ATM you can see what it is becoming a popular choice. Think about the alternative of having to make several transactions before your cryptocurrency becomes cash in your hand.
Bitcoin ATMs support transactions of up to $8000 and only need an identity authentication on transactions over $900. The ATMs camera completes this by taking a photo of your state ID. Below this amount you just enter a phone number and name.
How Much Does it Cost to Buy Bitcoin with Cash?
With a Bitcoin from cash purchase at an ATM there is a small transaction fee but the transfer rates are some of the lowest in the industry so this means it is one of the most cost-effective ways to purchase Bitcoin. Rates are even more competitive if you transact larger amounts with the threshold at $10,000 per month to receive a lower transaction fee rate.
The ATMs used for Bitcoin transactions can be found in major metropolitan centers around the USA and also support other cryptocurrency transactions including Tron, Binance Coin, Dah, and Litecoin.
There are also opportunities to host one of these Bitcoin ATMs if you have a secure and suitable commercial location which could accommodate one. The ATMs also work as regular ATMs for individuals to withdraw cash. They are a good way of generating passive income and will increase foot traffic to your location. The requirements are a 1m x 1m space and an AC outlet for plugging in the unit.
Is Bitcoin Really Still a Good Investment?
Is Bitcoin a good option right now? We’re all aware of the mind blowing returns cryptocurrency has had over the past 10 years since Bitcoin’s creation in 2009, raising from $0.01 to $20,000 per coin, taking $50 to $100 million when it was at its height. The issues which were once slowing down Bitcoin transactions have been solved with solutions for faster transactions and large institutions now investing in Bitcoin. Bitcoin has now become a more recognizable way of actually spending currency on products and services rather than just being an investment currency.
So seek out your nearest Bitcoin ATM, its worth finding it so you can access this convenient way of selling Bitcoins and other cryptocurrencies. New ATMs are being added all the time, but most cities in the United States have several already, often in malls or convenience stores where they are secure and accessible.