Bitcoin has only been around since 2009. It was the first cryptocurrency ever invented, and it’s still finding its footing in a lot of ways.
With this in mind, you might be surprised to hear that there are already Bitcoin ATMs starting to pop up all over the place. You may have even seen a Bitcoin ATM installed in your neck of the woods recently.
These ATMs can help you soak up all the different Bitcoin benefits. But before you use a Bitcoin ATM, you should try to find out more about them.
Today, we’re going to talk about some of the different things you need to know about Bitcoin ATMs. It’ll provide you with all the information you need to start using Bitcoin ATMs for your crypto needs.
Here are ten things you should know about Bitcoin ATMs at this time.
1. There Are More Than 34,000 Bitcoin ATMs
If you had gone out looking for Bitcoin ATMs a few years ago, it would have been almost impossible for you to find one. Bitcoin ATMs were few and far between back then.
But these days, it has become increasingly easier for people to track down Bitcoin ATMs all across the country. There are more than 34,000 of them scattered throughout the U.S. as of 2022.
There are, of course, more Bitcoin ATMs in some parts of the country than others. If, for example, you’re in a large city, you will usually be able to find way more Bitcoin ATMs than you would be able to find in a small town.
But even still, you should be able to find Bitcoin ATMs in your general area if you’re interested in using them. You just need to know where to look for them.
2. Bitcoin ATMs Can Be Found in Many Places
If you would like to give Bitcoin ATMs a try, you’ll be happy to hear that most of the ones that have been set up are in places that you probably already visit on a regular basis. You can find Bitcoin ATMs in:
- Convenience stores
- Gas stations
- And more
The companies that are setting up Bitcoin ATMs throughout the country have made a push to put them in many of the same places where you’ll find regular ATMs. This should make it easy for you to track one down when you would like to put one to good use.
3. It Should Be Simple Enough to Locate Bitcoin ATMs in Your Area
Many of the companies that have started to install Bitcoin ATMs throughout the country have gone out of their way to make it easy to find them. You shouldn’t have to worry about spending hours trying to locate the closest Bitcoin ATM to your house.
In fact, you shouldn’t even have to worry about Googling something like “Bitcoin ATMs near me” to track one down. All you’ll need to do is visit the website of a Bitcoin ATM company to see where their Bitcoin ATMs are at.
For example, if you want to find out where Bitcoin ATMs are in Kansas City, you can click here for more information on where they’re located. It’s that easy!
4. Not All Bitcoin ATMs Are Created Equal
Before we go any further, there is one thing that we would like to make sure you remember about Bitcoin ATMs. That is that not all Bitcoin ATMs are created equal. You don’t necessarily want to just pick the first one you can find and begin using it to buy and sell Bitcoin.
Instead, you should take the time to learn about some of the different companies that are creating Bitcoin ATMs and installing them for you to use. Ideally, you want to utilize a Bitcoin ATM that has been set up by a company you can trust.
You’ll be in good hands when you choose to use a Bitcoin ATM from a company like ByteFederal as opposed to using one from a company that doesn’t have a good reputation within the crypto industry.
5. Bitcoin ATMs Are Easier to Use Than You Might Think
If you’re going to be using a Bitcoin ATM for the first time soon, you might be feeling a little bit apprehensive about doing it. It’s difficult enough to use a regular ATM that’s from a different bank, let alone to use an ATM that is designed to help you with your crypto needs.
But you’re going to be pleasantly surprised to see just how easy it can be to utilize a Bitcoin ATM. From the second that you step up to it and begin using it, you’ll find that it will be very intuitive as long as you choose a Bitcoin ATM from the right company.
The best Bitcoin ATMs will also provide you with live support if you happen to need it. You will be able to connect to a real person who will be able to walk you through the different steps that you’ll have to take in order to take full advantage of everything that Bitcoin ATMs have to offer.
6. You Will Need to Check a Few Boxes to Use Bitcoin ATMs
While the average Bitcoin ATM will be relatively easy to use, there are going to be a few things that you’ll need to do in order to use one. You should be prepared to check a few boxes so that you can utilize a Bitcoin ATM to its potential.
First and foremost, you’ll need to have a photo ID ready so that you can create an account at a Bitcoin ATM the first time you use one. You’ll also need to have a cryptocurrency wallet downloaded on your phone so that you’re able to buy and sell crypto with ease.
There might also be some restrictions that you’ll face as far as how much crypto you can buy and sell at one time. It would be worth reading up on them so that you don’t make any crucial mistakes when you’re using a Bitcoin ATM.
7. Bitcoin ATMs Can Be Used for Both Buying and Selling Bitcoin
In recent years, traditional ATMs have made it easy for people to both withdraw money from and deposit money into their bank accounts. It has made it possible for people to do almost all their banking at ATMs rather than constantly having to go to the bank all the time.
Bitcoin ATMs are similar to traditional ATMs in that you can use them to both buy and sell Bitcoin. You won’t have to worry about dealing with any crypto exchanges anymore if you don’t want to thanks to Bitcoin ATMs.
Once you log into your account on a Bitcoin ATM, you’ll be able to see the current price of Bitcoin. From there, you can then make the decision to either purchase Bitcoin with cash and store it in your crypto wallet or sell Bitcoin and collect cash for it.
Either way, you’ll love how convenient it will be to buy and sell Bitcoin at Bitcoin ATMs. The companies that have begun putting them into place have made it so simple for you to complete all your crypto transactions in one place.
8. Bitcoin ATMs Can Be Utilized for Other Forms of Crypto in Many Cases
Bitcoin ATMs might be called Bitcoin ATMs, but guess what? That doesn’t always mean that you’re going to be limited to only buying and selling Bitcoin.
Bitcoin might be the most popular type of cryptocurrency at the moment and the one that most people buy and sell. But there are also tons of other types of cryptocurrency out there. So many Bitcoin ATMs will give you an opportunity to buy and sell them, too, if you so choose.
This doesn’t necessarily mean that you should start buying and selling other forms of crypto just because you can. You should still do plenty of research on any other types of crypto that you might be interested in trading.
But it’ll be nice to know that you won’t have to worry about running around to different types of ATMs to buy and sell crypto. Eventually, you might be able to take care of all your crypto needs on just one machine.
9. Some Bitcoin ATMs Can Also Help You Buy Gift Cards
Do you want to buy someone a gift card for their birthday, their anniversary, or a holiday? As of right now, you’ll either have to visit a store to purchase one in person or walk through a whole bunch of steps to buy one online.
But you could be making gift card purchases at some Bitcoin ATMs to save yourself time and, in some cases, even money when you buy them. That’s right, there are certain Bitcoin ATMs that will give you the ability to invest in the gift cards that you want to buy throughout the course of the year.
ByteFederal’s Bitcoin ATMs, in particular, will give you the opportunity to get your hands on gift cards from a wide range of retailers. They’ll also let you send them directly to whoever you’re going to be buying them for.
This is obviously something that you won’t be able to do at traditional ATMs. It’s also something that isn’t always super easy to do online. But it’ll be very convenient to do it through Bitcoin ATMs. You might even want to sell some of the Bitcoin that you currently have to pay for the gift cards that you’ll be sending to others.
10. More Bitcoin ATMs Are Popping Up Every Day
As we alluded to earlier, there are roughly 34,000 Bitcoin ATMs set up throughout the country right now for people to use. That should make it simple for you to find one in your area that you can try out.
But you should know that this is only the beginning. Since Bitcoin ATMs are still in their infancy, there are going to be even more of them popping up in places all around the U.S.
For this reason, you should keep your eyes peeled the next time you’re in a restaurant, convenience store, gas station, or airport. You might stumble upon a brand-new Bitcoin ATM and be able to give it a try.
Once you do, it won’t take you too long to see what all the hype is about when it comes to Bitcoin ATMs. They’re making it easier than ever before for people to buy and sell Bitcoin when they’re on the fly. They’re also changing the way in which people are able to use Bitcoin when they’re out in the world.
You should step right up to a Bitcoin ATM sometime soon and see how it can help you. It might just change your life by giving you a new perspective on crypto and how it can be used to your financial benefit.
Try Using One of the Bitcoin ATMs in Your Area Today
Now that you know a lot more about Bitcoin ATMs and how they work, you should get out there and find one in your city or town. You may be surprised to see how many of them there already are.
You should also keep a close lookout for more Bitcoin ATMs that will inevitably start to appear in your area. As more people get comfortable with the idea of buying and selling Bitcoin, it’ll only be a matter of time before you start to see additional Bitcoin ATMs making appearances.
Read more informative crypto-related content by checking out some of our other blog articles.