- January 19, 2022
Still to this day, no one is sure who is the founder of Bitcoin. They call him Satoshi Nakamoto but that’s a pseudonym.
If you’re curious about trading Bitcoin, then you might wonder what your options are. Today, there are convenient and secure options when you type in Bitcoin ATM near me.
Want to be a part of Bitcoin trading but without the scams? Read on to explore how Bitcoin ATMs might be just what you’re looking for.
What Is Bitcoin?
The first Bitcoin transaction was to buy a pizza. About 10,000 Bitcoin was spent in order to buy 2 pizzas. This is known as the most expensive food transaction in history.
Bitcoin is the most widely recognized cryptocurrency out there. It’s a paperless option that you can trade online.
It has a decentralized protocol and a public transaction ledger that’s known as a blockchain. The great news is that if you’re not a fan of banks, it’s independent of financial institutions, the government, or states. You can trade it globally and it has a monetary policy that many believe can’t be altered.
What Is a Bitcoin ATM?
The nearest Bitcoin ATM machine will allow you to buy and sell cryptocurrencies with cash. They’re a way for you to send cryptocurrencies straight to your digital wallet.
They contain a QR scanner, receipt printer, and a monitor. While a traditional ATM machine is through a financial institution, cryptocurrency ATMs connect with internet-based cryptocurrency exchange portals.
What To Bring To A Bitcoin ATM Near Me
Once you or someone else goes to buy Bitcoin ATMs for your area, then you’ll want to bring a picture ID. This can be a government-issued ID or a driver’s license.
Since Bitcoin kiosks are secure, they’ll only accept cash as a payment option. In order to avoid scams, don’t send money to someone that you don’t know.
Why Choose a BTC ATM Near Me?
If you choose online Bitcoin trading instead of a local Bitcoin ATM, you have to wait days for it to be confirmed and verified. Investors are often worried that their exchange will be tracked by third parties.
Meanwhile, when you choose a Bitcoin ATM, the process is instant. You use your cryptocurrency wallet to begin the transaction. Traders can tell you that the customer service with Bitcoin ATM manufacturers is great as well.
The great news is that you can purchase digital gift cards at some Bitcoin ATMs. You can use gift cards, trading signals, and gold at certain cryptocurrency ATMs. Some companies also allow a daily limit as high as $21,000.
Many enjoy the joys of Bitcoin ATMs since you don’t have to worry about others prying on you, it’s a secure way to convert cash into cryptocurrency, and there are no hidden fees.
Since there aren’t 3rd parties involved, it’s much safer than other options when it comes to trading Bitcoin. The only parties involved are the user, machine, and manufacturer. Since you’re the only one who knows the information in your Bitcoin wallet, the transaction is a safe process.
While you can find Bitcoin ATMs in countries with financial inclusion, they’re also for those in countries that don’t have bank accounts. In certain countries with financial hardships, such as Venezuela, it is giving them the profit they need during financial difficulties.
Are There Bitcoin ATMs Everywhere?
Keep in mind that some areas don’t allow Bitcoin ATMs or the trading of cryptocurrency. Some of those countries include Qatar, China, Saudi Arabia, Bolivia, and Vietnam.
The Bitcoin ATM Process
Enjoy the 11+ states that have ByteFederal ATMs. Once you’re there you can sign up for free.
Next, you’ll show your crypto or Bitcoin wallet address to the ATM. It’ll then scan the information.
After this, you insert cash and then receive Bitcoin. If you don’t have cash, you can buy cryptocurrency with your credit or debit card.
What Is a Crypto Wallet?
While certain platforms will allow you to trade your cryptocurrency right through them, it’s not the safest option. Your safest option is to have a crypto wallet.
This is a way to keep your passwords private and accessible for you only. This will allow you to send and receive cryptocurrency. Byte Federal’s Byte Wallet is the best bitcoin wallet if your’e looking for a safe, secure and seamless cryptocurrency purchasing expereince. Download here, to find a Bitcoin ATM near you and see for yourself!
Crypto wallets have options as well such as mobile apps or hardware wallets. Keep in mind that they don’t store your crypto physically.
Your holdings are within a blockchain. Once there, they can be accessed with a private key.
Digital keys show that you’re the owner of the digital currency. If you lose your digital wallet, then you won’t be able to access your money. Always remember, “Not your keys, not your coins.”
How To Find a Bitcoin ATM Near Me
The great news is that you can find a Bitcoin ATM in your location whether it’s a Bitcoin ATM in Orlando or another location. Check out the map located here. You can easily scroll in and out of the map to look for your specific location.
From gas stations to restaurants you have options. You can even find them in smoke shops and food marts as well.
Your Best Bitcoin Wallet
You can easily start up with your cryptocurrency wallet by choosing the ByteWallet. You’ll have the option to buy or sell Bitcoin for cash.
It’s simple and easy to use as well. Not only are they secure, but they’re a quick login at your favorite Bitcoin ATM.
Further Information on Finding Bitcoin ATMs
The good news is that Bitcoin and Bitcoin ATMs are increasing in popularity. You can easily find a BTC ATM location near you.
They’re often in major cities. You can find them in high foot traffic areas. There might be a closer ATM than you think and within walking distance.
Hosting Bitcoin ATMs
Whether you’re a consumer who frequents areas that you wish would have Bitcoin ATMs, or you own a business, you can open up a Bitcoin ATM.
It’s a great passive income opportunity for retailers. Businesses are benefiting by having a machine in their location in order to increase foot traffic.
Since Byte Federal is FinCen compliant, you’ll enjoy the liquidity and terminal for money transport, service, operation, and support.
Bitcoin ATM Fees
While Bitcoin ATM fees might be high, they make up for it with speed, accuracy, and safety. Instead of a flat fee, you might have a percentage of the transaction. As you continue to find Bitcoin ATMs around the world, you might find the fees start to drop.
Are They Easy To Use?
They’re very easy to use and have security steps to protect you during the process. It’s also easier for most to figure out the Bitcoin ATM instead of trying to use an online platform and trying to understand how it works.
Most Bitcoin ATMs can be found in the United States and Canada. Next, is Europe with the United Kingdom in the lead. As a surprise to many, even though cryptocurrency got its start in Asia, very few Bitcoin ATMs are found in this location.
Bitcoin Trading Tips for Beginners
First, determine your budget and how much you’re comfortable losing. As you learn how to trade with Bitcoin, expect to lose money in the beginning.
Come Up With a Plan
Next, you’ll want to come up with a plan and stick to it. The goal is to take the unpredictability out of it in order to predict the Bitcoin market.
Once you have your plan you can see how it performs in the market. Try out different strategies until you can remove the ones that don’t work, and keep the ones that do.
It might also be the case that your strategy will only work during certain conditions in the market. This means that you’ll need to look better into the current market conditions and come up with a new strategy.
Bitcoin Trading Test
You can then use Bitcoin trading to see how your strategy works. This will increase your confidence in order to make money in time.
When you first begin with cryptocurrency, it’s a good idea to start small. As you keep going you’ll gain more knowledge about what works and what doesn’t. It’ll allow you to build your trading value in order to reduce your risk of a loss.
Many are choosing Bitcoin ATMs because they’ll forget to remain vigilant online and then be scammed. Never use passwords that someone can guess.
Use difficult and long credentials when you log in. Consider changing your password periodically as well.
Investing vs Trading
If you’re looking for a short-term strategy that’s where Bitcoin trading comes in. It’s about selling Bitcoin as soon as you can in order to turn a profit.
When you buy Bitcoin, you’re looking at it as a long-term investment. You view it as hoping that the price will rise over time.
Many choose Bitcoin over traditional trading since you can access it 24/7. Keep in mind that it’s volatile but with the right tricks, it can make you a nice profit.
Different Trading Methods
Since there’s no bank or government involvement, Bitcoin is considered a private form of trading. Scalping is a popular day trading option. This is when you’re looking to make a large profit over small price changes.
Scalping is about focusing on short-term trading. Some make hundreds of trades in one day.
Swing trading is where you try to use the natural swing of price cycles to your advantage. You’ll focus on trying to find specific price movements and then make your move. Instead of staring at your screen all day like day traders, you’re trying to see the big picture.
A common mistake is that people will leave their money on an exchange that they’re not trading with. When you leave your money on an exchange, you don’t have control over what happens with it. This means that if an exchange goes out of business, offline, or gets hacked, you’re out of luck and might lose a large sum of money.
In order to avoid this, use a Bitcoin wallet to secure your information. Only you’ll be able to see this information. To take it a step further, use Bitcoin ATMs in order to have instant transactions instead of having to wait for days or weeks.
Not Learning Lessons
Whether you’re using Bitcoin ATMs or trading online, there’s always a lesson in each trading decision that you make. Keep in mind that even if you lose money in the beginning, it’ll take time to get to the point that you dream about. Even in the beginning if you’re not making money, there are lessons to learn during this process.
Not Making Plans
Trading and investing both need to have a plan. Bitcoin is still new since it came about in 2008. Give yourself time to come up with a plan, test out what works and what doesn’t, and allow that to help you decide on future plans.
Exploring How To Find a Bitcoin ATM Near Me
After exploring this guide on how to find a Bitcoin ATM near me, you should be set in finding a location in no time. Don’t forget to use your ByteWallet for ease of use next time you go to use a Bitcoin ATM.
Are you ready to get started making money with Bitcoin? Get started today and search through the different locations to find a Bitcoin ATM near you.
Have questions? We’re here to help! Our customer service is available 24/7 to answer any questions that you might have.