The world of cryptocurrency can seem intimidating to many people. Assuming you have already decided you want to get involved, the question then becomes how?
How do you go about acquiring the most popular cryptocurrencies like Bitcoin, Ethereum, Litecoin, Dash, and others?
The answer to this question can vary depending on who you ask. Some might say the easiest way to become invested in cryptocurrency is to open an account at an online exchange much like you would open a bank account. But this method is time-consuming, full of hurdles to jump, and might scare many potential investors away.
While certainly a viable option for some, there is another method that might seem more user-friendly to others.
Introduction to Bitcoin ATMs
Everyone with a bank account has used an automated teller machine (ATM). The process is quick and simple. But using a Bitcoin ATM is easier still, and doesn’t even require a bank account!
Anyone can take their fiat currency to the nearest available Bitcoin ATM and exchange that currency for Bitcoin or other cryptocurrencies. All that’s required is to have a virtual wallet to send the cryptocurrency to. And if you don’t have a wallet, a Bitcoin ATM allows you to create a new one right then and there.
The first Bitcoin ATMs transacted only in Bitcoin (BTC). But some newer ATMs, including ATMs made by industry leader CoinFlip, allow users to transact in multiple different digital currencies.
CoinFlip – a Big Name in Crypto ATMs
As of November 2018, CoinFlip has over 120 ATMs across the United States. CoinFlip ATMs allow users to buy or sell several of the largest market cap cryptocurrencies including Bitcoin, Litecoin, Ethereum, Dash, Tron, Binance Coin, and Komodo.
CoinFlip ATMs offer the lowest premium rates of any Bitcoin ATM in the country. So, you can get the best deal on coins by using a CoinFlip ATM.
CoinFlip CEO Daniel Polotsky has stated that the company is full of energy and new talent. His colleagues consist mostly of high school friends and former coworkers, almost all of them in their early-to-mid twenties.
Anxious to get Into the Crypto World? Consider Using a Bitcoin ATM
All things considered, there is no easier way to make your first cryptocurrency purchase than using a Bitcoin ATM such as those provided by CoinFlip. A simple online search should reveal the Bitcoin ATM closest to your location.
The only two things you need are some fiat currency and a willingness to take the leap into the world of crypto. Even if there’s not a crypto ATM near you, some of them can be accessed remotely, at least that’s the case for some ATMs operated by CionFlip. CoinFlip’s ATMs are also online at least 95% of the time, meaning 19 times out of 20 you will be able to access them just fine, whether you’re at a physical location or a remote one.
Bitcoin ATMs make the process of buying crypto simple, fast, easy, and secure.