Automatic teller machines, which are better known as ATMs, have been around for a long time now. The very first one was set up way back in 1969, and ever since then, Americans have been making the most of ATMs.
These days, there are also Bitcoin ATMs that are starting to pop up all over the place. The cryptocurrency market has grown by leaps and bounds in this country in recent years—and the best Bitcoin ATMs help people to take full advantage of the latest blockchain technology.
Is there a local Bitcoin ATM that was just installed in your area? If so, you should think about giving it a try. You’ll be amazed to see all the different benefits that will come along with using the best Bitcoin ATMs.
Continue reading to learn all about the many benefits of using these new-age types of ATM machines.
The Best Bitcoin ATMs are Becoming Easy to Find
As recently as just a few years ago, it would have been almost impossible for most people to locate Bitcoin ATMs in their cities. Bitcoin was just starting to appear on many people’s radars, so Bitcoin ATMs weren’t really a thing yet.
But nowadays, it’s becoming easier and easier for people to locate Bitcoin ATMs in their areas. There are more than 50,000 of them scattered throughout the country, and that number is growing almost every single day.
As a result, you shouldn’t have any trouble tracking down a great Bitcoin ATM somewhere near your home. There is bound to be at least one Bitcoin ATM that you can use.
They’re Simple to Use
The first time that you walk up to one of the best Bitcoin ATMs, you’re obviously going to be a little bit trepidation about using it. Some people are under the impression that Bitcoin ATMs are going to be hard to operate.
But in reality, you shouldn’t have any issues getting the hang of using a Bitcoin ATM within just a few seconds. All you’ll need to do to utilize one is go to a Bitcoin ATM from a trusted company like Byte Federal to create an account on it and then use it to buy or sell Bitcoin.
There may be a slight learning curve for those who haven’t ever used Bitcoin ATMs, especially if you’re just learning about Bitcoin and cryptocurrency. But generally speaking, a Bitcoin ATM isn’t going to throw you through too many loops.
They’re Very Fast
Regardless of whether you’ve been buying and selling Bitcoin for years now or just started using Bitcoin last week, there is one thing that you should know about it. The price of Bitcoin is always changing! It goes up and down pretty much all day and night.
Because of this, you need to make sure that any Bitcoin-related transactions that you take part in are processed quickly. Otherwise, you might miss out on making some money by buying or selling Bitcoin.
Fortunately, this won’t be a problem at all when you use Bitcoin ATMs. Companies like Byte Federal have worked tirelessly to make their Bitcoin ATMs as fast as possible. It’ll allow you to buy and sell Bitcoin in the blink of an eye so that you don’t miss out on a great deal.
They’re Affordable
You aren’t going to be able to use the best Bitcoin ATMs for free. There will be some fees associated with using them over time.
But it’s worth noting that the best Bitcoin ATMs aren’t going to nickel and dime you to death. You won’t get hit with a bunch of hidden commissions that make you wish that you hadn’t used a Bitcoin ATM to buy or sell cryptocurrency.
Companies like Byte Federal roll their fees right into their rates so that you’ll barely even notice that you’re paying them. They’ll also provide you with a detailed receipt that will show you how much you paid in fees so that it isn’t a mystery to you.
You won’t have to worry about breaking the bank at any point while using Bitcoin ATMs. You’ll have to pay a little for the convenience of utilizing one. But other than that, you’ll be in the clear.
They’re Safe and Secure
Since Bitcoin ATMs are still relatively new to most people, they often wonder whether or not their personal information is going to be safe and secure when they use one of these machines. Is there any chance of their info getting stolen while they’re putting one to good use?
The simple answer is “no.” As long as you use a Bitcoin ATM from a reputable company like Byte Federal, your personal info is going to be safe and sound. This company will keep your info secure and ensure that it isn’t exposed at any time while you’re making cryptocurrency transactions.
They’re 100% Legal
Bitcoin has become way more popular than it used to be over the last few years. According to one recent survey, about 16% of Americans have invested in Bitcoin or used cryptocurrency in some way.
But even still, there are tons of people who aren’t 100% clear on how cryptocurrency works. Some of these people don’t even know if it’s legal to buy and sell Bitcoin.
We’re happy to tell you that buying and selling Bitcoin is legal. We’re also happy to tell you that it’s legal to use one of the best Bitcoin ATMs to buy and sell it.
You aren’t going to need to be concerned about breaking the law by stepping up to a Bitcoin ATM and using it. The companies that are manufacturing these machines and setting them up to have to follow strict rules and regulations to make their machines legal and compliant. And so far, most companies have done this.
They’re Designed to Provide Support
OK, so let’s say that you walk up to a Bitcoin ATM, punch in your information, and attempt to buy or sell Bitcoin. But at some point, you get confused about what’s going on or you’re having a tough time getting the ATM to cooperate with you. Then what?
At other kinds of ATMs, you would officially be out of luck. There wouldn’t be anyone around to lend a helping hand when you get stuck while using them.
But with the best Bitcoin ATMs, you’ll be able to get the support that you need in an instant. You can contact a support specialist right through a Bitcoin ATM and have them help you out in real-time.
It doesn’t matter if you’re using a Bitcoin ATM at 6 o’clock in the morning or 11 o’clock at night. You should be able to get access to a support representative 24/7/365 when you’re utilizing one of the best Bitcoin ATMs.
They’re Equipped to Handle Different Types of Cryptocurrency
More often than not, those who decide to use Bitcoin ATMs will use them to buy and sell Bitcoin. But we should point out that there are a lot of Bitcoin ATMs that will also allow you to buy and sell other types of cryptocurrency if you want.
The cryptocurrency market is filled with so many different kinds of cryptocurrency right now. You should familiarize yourself with as many of them as you can.
You should also look for the ones that you’ll be able to buy and sell through a Bitcoin ATM. You’re not going to be able to pull off transactions using any cryptocurrency that you want. But the companies that run Bitcoin ATMs are always adding new options and making it simple for those interested in crypto to buy and sell it.
They’re Able to Do More Than Just Deal With Cryptocurrency
Not interested in cryptocurrency for one reason or another? Then you might not think that using the best Bitcoin ATMs will be worth your time.
But guess what? Even those who don’t have an interest in cryptocurrency can benefit from utilizing Bitcoin ATMs. You can also purchase other types of currency through a Bitcoin ATM if you want.
When you use a Byte Federal Bitcoin ATM, you’ll be able to buy and sell gold if you’re someone who enjoys doing that. You’ll also be able to buy and sell gift cards through these Bitcoin ATM machines.
And the companies that produce Bitcoin ATMs and operate them aren’t going to stop there! They’re always adding new features to these machines and promising that they’ll appeal to even more people soon.
They’re Made in the USA
Many countries have embraced Bitcoin way more than the U.S. has. From Nigeria and Vietnam to Switzerland and India, it’s actually a little surprising to see just how many countries use Bitcoin more than America does.
This might lead you to believe that Bitcoin ATMs would mostly be manufactured in other countries. But in reality, companies like Byte Federal have made it a point to produce all their Bitcoin ATMs right here in the good old U.S. of A.
Byte Federal has also made it their mission to keep their entire operation here in the U.S. So when you’re using a Bitcoin ATM and you reach out to this company for support, you’ll get connected with a fellow American rather than someone who is working in another country.
Byte Federal goes as far as to bill itself as “All-American all the way.” If you’re someone who appreciates companies that go out of their way to offer American-made products and services, you’ll be impressed with what this company and their Bitcoin ATMs have to offer.
They’re On the Verge of Being Everywhere Soon
When you compare the total number of regular ATMs in the country to the total number of Bitcoin ATMs, it’s not even a competition. As we mentioned, there are about 50,000 Bitcoin ATMs in the U.S. right now, while there are about 400,000 regular ATMs.
But the gap that exists between regular ATMs and Bitcoin ATMs is expected to get smaller over the next decade. It won’t be too long before the Bitcoin ATM market is worth upwards of $850 million. And when it is, you’re going to start seeing more and more Bitcoin ATMs popping up.
At that point, people are pretty much going to have to start giving them a chance since they’ll be everywhere. Wouldn’t it be nice to get out ahead of things and learn how to use a Bitcoin ATM before then?
By getting comfortable with the idea of using Bitcoin ATMs now, you won’t have to play catch up later on. You also won’t have to worry about your family members and friends not knowing how to use Bitcoin ATMs. You can show them and teach them about the benefits of utilizing these machines.
Bottom line: It certainly looks like Bitcoin ATMs are here to stay. So you should try to begin using them now so that you don’t fall way behind in a financial sense in the future.
Try Using One of the Best Bitcoin ATMs Today
If you haven’t had the chance to give a Bitcoin ATM a try just yet, don’t beat yourself up about it. Many people are seeing Bitcoin ATMs appear in their cities for the first time right now.
But at the same time, you shouldn’t write off Bitcoin ATMs as a fad, either, and refuse to use them. You should give the best Bitcoin ATMs a try and enjoy all the benefits listed here. You’ll be glad you did once you see how simple these complex machines are to use.
Read more informative articles about Bitcoin and the cryptocurrency craze by browsing through the rest of our blog.