Bitcoin changed the financial market gradually after it launched in 2009. In the beginning, no one took it seriously and thought it was unimportant or profitless. But as time passed, people realized that this digital currency was advantageous. Since 2009 no hacker could reach this decentralized blockchain virtual currency.
That is why investors are also taking an interest in it. They do not hesitate to invest millions of dollars because they know Bitcoin can prove to be a golden hen for them. Bitcoin is the most reliable among all other cryptocurrencies. That is why some online stores have started accepting Bitcoin payment which is indeed the biggest revolution in the economy.
What is a Bitcoin ATM?
Bitcoin ATMs provide you the facility to exchange Bitcoins with cash. Other cryptocurrencies also have their ATMs. There are more than 19,000 cryptocurrency ATMs across the world that allow you to trade cryptocurrencies. You can buy and sell through them. But as it is a decentralized trade, your deposit does not go to your bank account. ATMs exchange digital money, say Bitcoin, with cash.
These ATMs are convenient for the people who directly want to purchase cryptocurrency through money or withdraw some cash by selling their digital currency. Bitcoin ATMs are faster and do not take much time to proceed. The process of using these ATMs is just so easy. You would need to select your purpose and provide the details.
Bitcoin ATM Fees
The cost of buying Bitcoin is more than selling it. The price for purchasing this cryptocurrency is 8.4 percent, while 5.4 percent is the selling price worldwide.
Any ATM Radar will tell you about all the Bitcoin ATMs of the world and the ones near you. So it is not hard to find a cryptocurrency ATM in any region.
Jeremy is a crypto blog author who has been in the blockchain industry for 3 years. He loves to read and write about cryptocurrencies, blockchain technology, and cryptocurrency news. He is also an avid trader of various digital assets such as bitcoin and other altcoins on various exchanges including Binance, Bitfinex, Kraken, Kucoin etc.
