Of all the new changes that are making our world even more digital, it is the appearance of bitcoin mining and cryptocurrency that is really changing the game.
Bitcoin is something that jumped onto the scene a bit over a decade ago. It all began when one person decided to try buying two pizzas with bitcoin. And low and behold, the vendor accepted that form of payment. From there, the sky seems limitless in terms of what you can now buy with bitcoin.
In fact, bitcoin mining has become one of the most profitable and popular types of investments these days too. Not only are both the big and small businesses now accepting bitcoin payments, but it has never been easier to buy bitcoin yourself.
Everyone from Tesla to Expedia seems to be accepting bitcoin these days. So it is no surprise that there is now the emergence of a bitcoin ATM too.
Just last year bitcoin ATM machines started appearing at smoke shops in Montana, deli shops in New York City, and gas stations throughout the country.
So what exactly is a bitcoin ATM and why should you want to find out where the nearest ones are located to you? We have rounded up everything there is to know on this new digital currency and why we will only be seeing more and more bitcoin ATMs.
What is a Bitcoin ATM
A bitcoin ATM is essentially a fancy-looking machine that lets you buy bitcoin or other types of cryptocurrencies using your credit or debit card.
So the first thing to point out is that it is nothing at all like a standard bank ATM where you can manage your money. Instead, it is a tool that lets you either buy or sell bitcoins on the go and without needing any sort of account to do so.
These machines are designed to let you do some bitcoin mining and then take your bitcoins and transfer them to your secure crypto wallet. They have been up and running for nearly a decade now, but it is totally fair if you have never really taken notice—until now.
In fact, there are currently nearly 40,000 bitcoin ATM machines located around the world in nearly 80 different countries.
How a Bitcoin ATM Works
To use a bitcoin ATM, you will need a smartphone to utilize the QR code that it is associated with. This will allow you to download the necessary crypto wallet that is needed to use the machine.
There are many types of crypto wallets and downloading them is pretty easy. Once you have that all setup, you will link your unique address to the bitcoin ATM so you can make your transactions.
These machines are designed to be super simple with easy-to-use instructions to follow. Of course, the details of the specific bitcoin ATM will largely vary depending on what country you are using it in.
In total, you will probably only spend around ten minutes to complete an entire transaction on a bitcoin ATM. It really is that simple—and makes bitcoin mining accessible to nearly anyone.
Why Use a Bitcoin ATM
There are many advantages to using these handy machines. First, it makes bitcoin mining accessible to anyone. With the detailed instructions that are laid out for you to follow, it also makes it pretty simple to figure out the whole bitcoin mining process to anyone who is a total newbie. Best of all, none of your personal information is stored on here too, making for some great security levels.
However, you’ll want to be mindful of the service fees you may encounter on these bitcoin ATM machines and sometimes there are limited purchases too.
Where to Find a Bitcoin ATM
As we mentioned at the beginning, bitcoin ATMs have been popping up all over the country for over a decade. This means that the chances are high that there is one conveniently located to you too.
The best way to find a bitcoin ATM near you is to do a quick search online. You will likely find maps full of options in literally every single state you are in.
Make sure that you search through reliable sources and bitcoin experts so that you do not risk getting scammed either.
Once you find a bitcoin ATM near you, you will be able to go and start bitcoin mining yourself—getting yourself into the exciting game of cryptocurrency.
Conclusion
If you are wanting to do some bitcoin mining or want to give it a try for the first time, then doing so at a bitcoin ATM is a great place to start. You’ll get step-by-step instructions in a super convenient location near you. Why wouldn’t you gib bitcoin mining a try today?
