With more people across the globe discovering cryptocurrency technology and the incredible opportunities it offers, there is a growing demand for the most popular coins in the crypto domain. Bitcoin (BTC), Ethereum (ETH), and Lite Coins are among the most popular cryptocurrencies. With transactions in this space increasing significantly in recent times, there is a need to help people find an easier way of trading in BTCs and ETHs.
With the introduction of cryptocurrency ATMs, it is now possible for people to buy and sell bitcoins without using the complex and time-consuming processes of crypto exchanges. These ATMs make it drastically easy for anyone to buy these assets.
It is important to understand that there is a difference between cryptocurrency ATMs and traditional ATMs. The crypto ATMs are not connected to any bank or banking system. You can use cash to buy BTCs or sell your crypto assets to get money in your wallet.
There are many reasons people use crypto ATMs. Let’s look at the top five reasons:
It’s Simple To Use Compared To An Exchange
Buying Bitcoin using an ATM exchange is simple and can be done within a few minutes. All you need is your mobile phone and the cash to buy the BTCs. Simply follow the instructions flashed on the ATM screen and you are ready to go.
You Can Buy BTCs Without a Bank Account
When you buy cryptocurrency through an exchange, you have to undergo the KYC process and link your bank to the account. Most times, the verification process can take days or even weeks. When you use Crypto ATMs, you can buy cryptocurrencies without linking a bank account as the transaction is completed using cash.
ATM Crypto Transactions Are Remarkably Faster
Buying and selling cryptocurrencies through exchanges is not only a complex and multi-staged process but also takes time. In comparison, crypto ATMs make it easy to buy (or sell) your assets, and the whole process is completed within a few minutes of stepping into the ATM cabin. Exchanges can take weeks in some cases to verify payments and approve transactions.
Crypto ATMs Are Fully Secure
As your cryptocurrency buying process is done without the involvement of a bank, credit card, or debit card, there is little chance of your personal details getting compromised. You can just put your cash in the slot provided in the Bitcoin ATM for the purpose and hit the Finish tab to complete the transaction. There is no way your information will be accessed by an unauthorized person or your personal details getting leaked.
You Can Transact Any Volume
When you buy cryptocurrencies through an exchange, you may have to deal with purchase limits and may have to carry out multiple transactions of smaller batches to achieve your desired value of buying. This does not happen when you buy BTCs from the crypto ATM. You can insert any volume of cash and buy the value of BTCs you desire in a single, quick, and easy step.
Cryptobase ATMs are acclaimed as the most reliable of all cryptocurrency ATMs as they offer all the above benefits and more. These ATMs are conveniently located and have a presence across the United States.