In the past five years, the number of bitcoin ATMs near me has increased by over 175 percent in the United States, with over 20,000 ATM machines available for consumers to use. When you hear about cryptocurrency ATM machines, one of the first questions you may have is why do these machines exist? What are the benefits of using cryptocurrency ATM machines compared to using traditional online platforms to buy or sell cryptocurrency, such as Bitcoin. Here is more information about the benefits of using bitcoin ATMs near me.
You Can Buy or Sell Cryptocurrency Using Cash
One of the biggest benefits associated with using cryptocurrency ATM machines is that you have the ability to buy or sell cryptocurrency using cash. When you use online platforms to buy or sell cryptocurrency, you have an online account. The money can be pulled from your ATM or credit card when you go to buy cryptocurrency. When you sell it, it may be able to be transferred to you via an online money platform, such as PayPal or Zelle, or you may have to wait for a paper check. Regardless, the process can be hard for those who do not have or do not want to use anything but cash. Fortunately, ATMs change this.
You Buy or Sell Cryptocurrency in Real Time
Another benefit associated with using bitcoin ATMs near me is that you can buy or sell cryptocurrency in real time. When you use an online platform, you put in a request to buy or sell cryptocurrency, such as Bitcoin. Unfortunately, by the time the transaction is processed, the price may have increased or decreased. You want to be able to buy when prices are low and sell when prices are high. Cryptocurrency ATM machines allows you to see exactly what cryptocurrency is going for and buy or sell at that price, without any surprise price changes.
There is No Exchange Fee For Buying or Selling
The final benefit of using cryptocurrency ATM machines is that there is not an exchange fee when you are buying or selling. When you purchase cryptocurrency or Bitcoin from online platforms, they may charge you a fee to do business with them. This may include an account maintenance fee or a trading or exchange fee. You never have to worry about paying these fees when you use this ATM, making transactions as affordable as possible.
There are numerous benefits associated with using cryptocurrency ATM machines. However, in order to experience those benefits for yourself, you must first locate bitcoin ATMs near me. Fortunately for you, the process is very simple. You can check the link above to find out which ATMs are located close to you. It is important to note that not every ATM machine allows you to both buy and sell cryptocurrency. Some may allow only one or the other, so carefully review the machines to see which offers the features that you need.