Why Do Bitcoin ATMs Exist?
5 Things BTMs Do Unlike Anything Else
There’s no doubt that Bitcoin ATMs are unique. I mean really, who thought up having a physical machine to purchase virtual currency? Crazy, right?
But beyond the 3 things you didn’t know about Bitcoin ATMs, these machines are pretty cool, very useful, and fill in a lot of gaps.
Here are 5 things Bitcoin ATMs do unlike anything else:
1. Change Cash to Crypto
Bitcoin ATMs offer one of the few ways to automatically turn cash into crypto, with no appointments or negotiations required. You just walk up to the machine, put in your cash, scan your phone and voila, you’re done. Nothing else does that.
A lot of Bitcoin ATMs also let you buy a variety of altcoins. If you use a Coin Cloud Bitcoin ATM, you can choose from 30 other digital currencies besides Bitcoin.
2. Change Crypto to Cash
But wait … about 20% of Bitcoin ATMs are extra special and they allow you to exchange your crypto for cash, instantly. And that includes ALL Coin Cloud machines — the only nationwide network of 100% two-way Bitcoin ATMs.
Where else can you turn some of your bitcoin into a few bucks for an emergency, or just because you want to sell your digital currency? Most other options for selling cryptocurrency will take a few days for the money to reach you.
Two-way Bitcoin ATMs like Coin Cloud machines let you liquidate your bitcoin at a moment’s notice. And if you use the Coin Cloud Wallet app to set up your sell in advance, your cash will be waiting for you when you get to the machine, and reserved for up to 48 hours.
3. Provide an Easy Process
Bitcoin ATMs provide the easiest way to buy (and sell) bitcoin, because they offer a familiar, user-friendly interface — similar to a banking ATM, vending machine or parking ticket kiosk. They don’t require any advanced technical expertise, and make the seemingly complicated world of Bitcoin easily accessible to all.
For those who don’t have a bank account or debit card, Bitcoin ATMs open up opportunities to participate in the digital economy. All you need is a mobile phone and a piece of ID.
4. Offer Convenient Locations
The whole point of a kiosk-type machine is convenience, and Bitcoin ATMs are no exception. So of course, they’re located in easy-to-find and publicly-accessible locations, like convenience stores, gas stations, liquor stores, drugstores and supermarkets.
While online exchanges and trading platforms can be complicated and time-consuming, Bitcoin ATMs cut through the complexity and offer an easy walk-up experience that you can often find in your own neighborhood, or just a few blocks away.
We invite you to see how convenient trading bitcoin can be … find your nearest Coin Cloud BTM to get started.
5. Work Faster than a Speeding Bullet (Sort of!)
OK, that’s a bit of an exaggeration, but Bitcoin ATMs offer the fastest way by far to buy or sell bitcoin. Most online options take a few hours for a simple transaction, and a few days to transfer funds, but Coin Cloud BTMs are all done in about 10 minutes, whether you’re buying or selling.
And don’t forget the time hack with the Coin Cloud app … the sell transaction can be done before you even get to the machine, so you can cash out right away. No complicated processes or long forms to fill out — just a simple, fast transaction.
What is Coin Cloud?
Founded in 2014 in Las Vegas, Nevada, Coin Cloud is the world’s leading digital currency machine (DCM) company. With over 1,700 locations nationwide, in 47 states and Brazil, Coin Cloud operates the world’s largest and fastest-growing network of 100% two-way DCMs, a more advanced version of the Bitcoin ATM. Every Coin Cloud DCM empowers you to quickly and easily buy and sell 30+ virtual currency options with cash. You can find your nearest Coin Cloud DCM here.