It seems like everybody is talking about bitcoin these days. Maybe you’re even an investor yourself!
The popularity of cryptocurrency is growing, along with the technology that fuels it. For instance, digital transactions are no longer relegated to your favorite app.
Now, you can head to your favorite convenience store and sell or buy in seconds!
Sounds good, right? If you’re interested in where to buy crypto, you’ve come to the right place! Keep reading to find out why a bitcoin ATM should be your next stop.
What is a Bitcoin ATM?
Of course, you can buy bitcoin through a browser or trading app. But a bitcoin ATM is a dedicated machine for buying, trading, and selling bitcoin. Like with a standard ATM, you can also use it to check your crypto wallet’s balance.
This can be particularly important for people who don’t have a powerful mining rig or for completing small transactions quickly.
However, using a bitcoin kiosk does come with one caveat for crypto fans. As you’ve likely guessed by the name, these ATMs are designed solely for bitcoin, meaning that investors of Dogecoin, Ethereum, or any of the other dozens of popular cryptocurrencies will have to do their trading the old-fashioned way.
What You’ll Need
Before you head out to find your nearest ATM, you’ll need to gather a few important articles.
For starters, you’ll have to have a valid form of identification like a driver’s license. This is vital in preventing fraud.
You’ll also need a previously established crypto wallet. If you haven’t created one already, the process is simple and should only take a few moments of your time.
Finally, be sure to bring your mobile device, as you’ll need to scan a QR code on your device at the start of the transaction.
How the Process Works
All in all, using a bitcoin ATM is pretty quick and simple!
Just walk up to the ATM, insert your ID, scan your code, and choose what you’d like to do. It’s really that easy!
Within seconds, your transaction will be complete and you’ll receive a receipt with a QR code.
There are limits as to how much you can buy or sell on a given day, so be sure to take this into account before you start your transaction.
Where to Buy Crypto in Your Area
Though bitcoin ATMs are relatively new, at least in North America, their adoption rate is surprisingly higher. As such, it shouldn’t be a problem at all to find an ATM in your area!
You can find ATMs in everyday locations like gas stations, vape shops, pawnshops, and even some grocery stores.
For more in-depth info on where you can find a bitcoin ATM in your area, check out a directory on a crypto site or type ‘btc atm near me‘ into a search engine. Odds are, there’s one way closer to you than you realize!
Everything You Need to Know About Buying Crypto Through a Bitcoin ATM
There you have it, everything to know about where to buy crypto through an ATM. Remember to bring your ID and phone!
For more great tips on buying and trading cryptocurrency, make sure to check back with our blog. We’ll have the latest news and advice aimed at helping investors just like you!