How to Buy and Sell Bitcoin: ATM for Cryptocurrency in New Orleans
If you're a Gulf South resident who wants to buy and sell Bitcoin, you’ve probably wondered where to purchase cryptocurrency in New Orleans. As one of the most vibrant cities in the south, New Orleans is a hub for tourists and creatives. With so many visitors rushing into the city each year, New Orleans has several places where you can buy and sell crypto, but the safest and most user-friendly is Pelicoin’s Bitcoin ATMs. ATMs for cryptocurrencies are a new offering everyone should consider using. Ever think about using Bitcoin while visiting a bustling city? Whether in New Orleans for business or pleasure, consider one of the cities’ cryptocurrency ATMs for the easiest and most secure transactions on this side of the Mississippi.
Buying and Selling Bitcoin
There are many ways to buy Bitcoin. While online transactions are easiest, ATM transactions are the quickest and easiest.
MINING BITCOIN
Mining is the process that maintains this trustless public ledger of Bitcoin, called the blockchain. Behind the network of Bitcoin, traders make up a network of miners who record these transactions on the blockchain.
While recording these transactions, Bitcoin miners may earn Bitcoin. Miners can earn Bitcoin by mining it, which differs from buying cryptocurrency at a Bitcoin ATM or from an exchange. While miners avoid ancillary fees, they are not guaranteed to receive any Bitcoin. There has been an increase in barriers to entry for mining Bitcoin in recent years, including factors like:
Intense competition
The need for extensive and expensive rigs
High energy use
Unpredictable output
Because of these barriers, only a select few individuals can mine Bitcoin (or join mining pools). Options for the layperson to obtain Bitcoin include using a Bitcoin Exchange or utilizing a buy and sell Bitcoin ATM.
ONLINE TRANSACTIONS ON BITCOIN EXCHANGES
Though corporations and the tech-savvy may still opt to mine Bitcoin, most individuals purchase their cryptocurrency through a Bitcoin exchange. These are online platforms that facilitate transactions of Bitcoin, allowing customers to trade Bitcoin or other digital currencies for other assets like traditional money or an alternate digital currency.
Like a stock exchange, Bitcoin exchange platforms pair buyers with sellers. Traders buy and sell Bitcoin by sending a market order or a limit order. With a market order, the coins will go for the best available price in the online marketplace. On the other hand, a limit order set means the trader exchanges coins for a price below the current ask or above the current bid.
With cryptocurrency, legitimacy is critical. Bitcoin exchanges go through registration processes to ensure sellers are valid. To transact in Bitcoin on an exchange, users have to verify their identity. Once the identity authentication goes through, an account is opened for the user. Bitcoin exchanges vary in degrees of safety, security, privacy, and control of an individual’s funds and information. Read up on the particulars of each Bitcoin exchange before leaping.
BUY AND SELL: BITCOIN ATM TRANSACTIONS DO IT ALL
How do Bitcoin ATMs work?
Bitcoin ATMs convert cash into Bitcoin in seconds. You must verify your identity to make transactions. Users can buy and sell at Bitcoin ATMs using cash. Tap the "Buy Coins" button on the start screen, select a dollar amount, and verify your information to get in on the cryptocurrency market.
Many businesses around New Orleans now accept Bitcoin as a form of payment, so Bitcoin users need their Bitcoins readily available whenever they want to use them. Bitcoin ATMs allow people to buy Bitcoin in person by depositing cash and purchasing Bitcoin with an added Bitcoin ATM fee for the transaction. With a digital wallet address, QR code scan, and paper wallet options, you can receive your cryptocurrency in various user-friendly formats that you can spend all around New Orleans.
You can also sell at Bitcoin ATMs, which is done by sending the requisite amount from a person’s Bitcoin Wallet to the Bitcoin ATM in exchange for cash.
Why use a Bitcoin ATM in New Orleans?
Bitcoin ATMs are necessary for those using Bitcoin while visiting a new area. For example, New Orleans, a hub for business conferences and tourism, now has dozens of Bitcoin ATMs, making it easy for tourists and longtime residents to invest in Bitcoin with the push of a button.
Buying with Bitcoin is advantageous for shoppers and sellers. Buyers who use Bitcoin experience easy transactions, no interruptions from intermediaries, and Pelicoin’s relatively small transaction fees. And with Pelicoin, buying and selling Bitcoin is easier than ever!
In New Orleans, you can use Bitcoin at various stores and businesses. With cryptocurrency from Pelicoin’s Bitcoin ATMs, you can:
Buy property with Korman Gerrity Real Estate
Invest in Haring Laboratories or Sandstone Oil & Gas
Dine at Cleo’s NOLA, Whole Foods, or Lakeview Burgers and Seafood
Purchase gifts to remember your trip at David’s Antiques
Consult the complete list of New Orleans businesses that accept Bitcoin here to learn how to buy and sell Bitcoin with a Pelicoin ATM.
Pelicoin Bitcoin ATMs in New Orleans
Ready to use a Pelicoin Bitcoin ATM in New Orleans? Check at our locations:
Discount Zone Gas Station
Located at 3434 St. Charles Ave. in the heart of Uptown, New Orleans, Discount Zone offers a two-way machine for those wanting to buy and sell Bitcoin ATM with ease. Mere blocks away from Fresh Market and Superior Seafood, this Pelicoin ATM is conveniently located for foodies. So whether you prefer to cook at home or order out, you’re never far away from an easy Bitcoin transaction!
Sam’s Unique General Store
Located at 129 Royal Street has the only Pelicoin Bitcoin BTM in the historic French Quarter of New Orleans. Selling beer, wine, and snacks, Sam’s Unique General Store is your one-stop shop for all things convenience. With check-cashing services in addition to the Pelicoin ATM, Sam’s has all of your financial necessities covered. Located less than one block away from the Canal Street streetcar line, Sam’s makes it easy to buy or sell your cryptocurrency before a night out on the town.
Discount Zone Gas Station
Our second Discount Zone Pelicoin ATM is located at 1620 Veterans Blvd. Surrounded by classic fast-casual restaurants like Giorlando's Restaurant and Buddy's Kitchen, Discount Zone’s Pelicoin ATM is easily accessible. This convenient location makes it easy to swing by before or after a delicious meal.
Discount Zone Gas Station
Many New Orleans residents commute to Metairie, a region in the Greater New Orleans area, and vice versa. This Bitcoin ATM in Metairie is at 4457 W. Metairie Ave at our third Discount Zone location. Located right across the street from Krispy Kreme and Tastee Donuts, this Pelicoin ATM is convenient for breakfast and coffee lovers.
Discount Zone Gas Station
But wait, there is a second Pelicoin ATM in Metairie! Our second Metairie Bitcoin ATM is closer to Old Metairie. Its address is 2220 N. Causeway Blvd, located at another trusty Discount Zone. Right down the road from the Lakeside Toyota Collision Center, Pelicoin’s Bitcoin ATM can help you exchange Bitcoin for cash (or vice versa), so you can get your car serviced with ease.
Discount Zone Gas Station
Driving across the Causeway to Mandeville for the day? Use the Bitcoin ATM at 4598 LA-22. In walking distance from Boudreaux's Jewelers, you can use your newly converted Bitcoin to buy a diamond necklace for that special someone.
Discount Zone Gas Station
Located in New Orleans East, the Pelicoin Bitcoin ATM at 6711 Chef Menteur Hwy offers an option for those who don’t usually venture toward Uptown or the CBD.
Shell Gas Station
In the Gentilly area, there is a Bitcoin ATM inside the Shell gas station at 3400 Franklin Avenue. Located right down the street from Tip Top Snowballs, this Pelicoin ATM is the ideal pit-stop for a hot summer’s day.
On the Run
Are you leaving New Orleans? This Pelicoin Bitcoin ATM is located at 213 East Morris Ave. in Hammond, LA. A convenient pit-stop for tourists leaving the city, On the Run serves up ice-cold beverages and tasty snacks alongside Bitcoin.
Pelicoin: The Best New Orleans Bitcoin ATM
Pelicoin is the most secure cryptocurrency ATM network in the US Gulf South. Besides Pelicoin’s 10 Bitcoin ATMs in the New Orleans era, there are 25 more machines located throughout Louisiana, Mississippi, Alabama, Tennessee, and Texas.
Visit the Pelicoin blog to learn more about our ATMs, buying and selling Bitcoin, and cryptocurrency as a whole.