How Do I Find a Bitcoin Machine Near Me?
As Bitcoin continues to explode in popularity, more and more people are becoming interested in making their first purchases and entering the cryptocurrency community. However, as you may already know, making that first purchase can be daunting. After all, it’s a brand new technology and there’s a lot you have to learn before diving straight in. Once you learn all you can about cryptocurrency and which cryptocurrency you’d like to start out with, it’s time to determine the best way to purchase it. In this post, we’ll explore a few different ways to buy Bitcoin and other major cryptocurrencies by answering the question, “How do I find a Bitcoin machine near me?”
What’s the Best Way to Buy Bitcoin?
For the sake of brevity, we’ll touch on the two main ways to buy Bitcoin—online exchanges and Bitcoin ATMs. This way, you can thoroughly weigh your options and choose the method that best suits your interests.
What’s a Bitcoin Exchange?
Bitcoin exchanges are found online, and they can be accessed from your computer. These are usually used by experienced traders because they display lots of information and many different cryptocurrencies. It’s best to think of exchanges like the stock exchanges on Wall Street. They’re used by a large network of people and there’s a bunch of activity at any given time.
To use a Bitcoin exchange, you first need to create an account. In order to do this, exchanges will require varying degrees of personal identifying information and a method to debit/credit you with your USD, such as your banking information or a debit or credit card.
Although exchanges seem like a convenient option, they can be confusing for first-time buyers. The abundance of data, information, and a lack of clear instructions often get in the way of your first purchase.
Additionally, exchanges can take weeks to set up your account and can cap the amount that you’re able to trade and the time period for you to be credited with your crypto or USD.
Lastly, many people have an inherent distrust of exchanges because there are fake exchanges, security breaches and even exchange solvency issues. Many new buyers have gotten caught up in phishing scams, identity theft, or other cybercrimes that experienced buyers know their way around.
With the risk of scams and the complexity that surrounds cryptocurrency buyers, we recommend that you make your purchases on Bitcoin ATMs, otherwise known as BTMs or.
What’s a Bitcoin Machine?
Bitcoin machines, or ATMs, are the latest technology in the cryptocurrency world. They simplify the cryptocurrency buying experience for new users and seasoned cryptocurrency veterans.
Bitcoin machines do this because they’re closely modeled after the traditional ATMs that we’re all familiar with. The procedure for buying cryptocurrency on a Bitcoin machine is very similar to your bank’s ATM transactions.
There’s no extra information or data to distract or discourage first-time buyers, and they’re straightforward to use.
There’s no need to create an account. If you don’t already have a digital wallet, you can create a paper wallet at the unit.
Possibly the biggest benefit to using a Bitcoin machine is the security that comes with it. Since the machines run on their own private networks, they’re essentially impossible to infiltrate and/or hack. This means your sensitive information is safer.
Along with that, the cryptocurrency machines are owned by a company just like the traditional ATMs that belong to your bank. This means you know exactly who you’re dealing with every time; and if you have any issues or questions, you can easily contact the company for help.
Bitcoin machines are also typically faster because most operators pay a high mining fee to insure that their customers receive their first confirmation within 10 minutes. This way, you can complete an external transaction more quickly than an exchange.
These benefits and the simplicity that these ATMs offer mean Bitcoin machines are quickly becoming the preferred method for buying cryptocurrency for amateurs and experts alike.
How Do I Find a Bitcoin Machine Near Me?
Now that we’ve covered the basics of where you can make your first purchase, you may be wondering, “Is there a Bitcoin machine near me?”
Bitcoin machines can be found all around the country, and if you’re in the Gulf South, then Pelicoin is your dedicated Bitcoin machine service. We have the largest and most secure network of Bitcoin machines in the region, and we’re committed to making sure purchasing cryptocurrency is as simple and straightforward as possible.
For a full list of our Gulf South Bitcoin ATM locations, check out our locations page.
To learn more about Pelicoin or Bitcoin machines in general, contact us today at email@example.com or 855-PELICOIN. We look forward to hearing from you!