There are several ways you can purchase Bitcoin. Here are four reasons why buying Bitcoin with cash from an ATM is a great choice.
1. Bitcoin ATMs maintain privacy
Privacy is important. Purchasing Bitcoin through an exchange significantly reduces privacy by not only informing the exchange of the purchase, but alerting your bank that you have used your funds to purchase Bitcoin as well. If you want to keep your transactions private, utilizing a Bitcoin ATM is the viable choice. Additionally, cash has many advantages for preserving privacy, and Bitcoin ATMs accept cash payments.
2. Bitcoin ATMs alleviate wait time
Online exchanges can take days—if not weeks—to process and be made available to the purchaser. Bitcoin ATMs are instant transactions that make funds immediately accessible. Zero wait time gives you the peace of mind knowing your liquid assets are not “floating” somewhere in the processing interim, but instantaneously in your account, instead. If you’re sending cash to someone, using a Bitcoin ATM means they don’t have to wait to receive it.
3. Bitcoin ATMs promote inclusivity
Bitcoin ATMS are not exclusive to only those with bank accounts. With Bitcoin ATMs, a cell phone, phone number, and/or cash is all you need to make a Bitcoin transaction. Due to Bitcoin ATMs’ process features, anyone can make a Bitcoin transaction using a Bitcoin ATM as well. Bitcoin ATMs’ inclusivity makes Bitcoin transactions possible for people all around the world, regardless of whether you have a bank account or credit card.
4. ATM transactions are a familiar concept
Whether you are purchasing Bitcoin for the first time or have made Bitcoin transactions before, no one wants to jump through hoops or undergo a complicated process to purchase Bitcoin. Bitcoin ATMs look like a traditional ATM and offer a usability that is very similar to that experience. Essentially, Bitcoin ATMs work much in the same way that a traditional ATM would: a person interacts with a screen to either deposit or withdraw money from a kiosk. If you are a first-time Bitcoin purchaser, it will be a familiar experience, quick and easy.