Bitcoins are more widely used today than even a few short years ago. Many people prefer them over traditional money, but it’s not easy to get them or sell them, even after so many years of hearing the buzzwords. However, a Bitcoin ATM is an excellent way to make the process of buying and selling more accessible and easier. Atlanta residents who have Bitcoins or would like to get into the Bitcoin business may want to learn more about these ATMs to determine if it’s the right move for them.
Some Stats
Throughout the world, there are approximately 500 Bitcoin machines, which translates to ATM. These machines are developed and designed for buying Bitcoins, and many of them also allow you to sell the Bitcoins as needed. You can also find a variety of alternative terminals and some traditional banking ATMs can also buy/sell the Bitcoins. However, this service is not from the bank, so you may want to check with various banks in your area to determine if they offer this service and how much it costs.
Faster Process
These ATMs are one of the fastest ways to sell and buy Bitcoins, though it does depend on the type of machine. Some machines work in about 15 seconds. For the machine to work, it must scan the QR code from your Bitcoin address, feed the banknotes into the machine, and then you have to hit Send. The bitcoins are immediately sent when you finish the process.
However, if it’s your first time using the machine, it can take longer because you may have to go through verification steps.
A Bitcoin ATM allows you to buy and sell your Bitcoins quickly and efficiently.
