There are over 16,000 Bitcoin ATMs scattered throughout the world. However, finding a local Bitcoin ATM can still be difficult depending on where you live. Bitcoin ATMs are a great hassle-free way to buy and sell cryptocurrency.
They operate in much the same manner as a traditional ATM but with a few select differences. There are a few different types of Bitcoin ATMs put out by different service providers, but they all function in essentially the same way.
If you are wondering how to find a Bitcoin ATM, this guide will point you in the right direction.
What Is a Bitcoin ATM?
A Bitcoin ATM is a kiosk that allows you to trade cryptocurrency. If you have ever used a traditional ATM with your bank card you are familiar with how they work.
Instead of linking to your bank account, Bitcoin ATMs link to a crypto exchange or private crypto wallet.
How Do Bitcoin ATMs Work?
All you need to do to operate a Bitcoin ATM is input your payment method. Most often this is a credit or debit card. Then you select how you want to buy or sell Bitcoin. You can do this on an exchange, or through a private wallet.
Enter the denomination you wish to purchase and the funds will be transferred from your card into your Bitcoin wallet in the form of crypto. If you need additional guidance on how to use a Bitcoin ATM check www.bytefederal.com.
Where Can I Find a Local Bitcoin ATM
If you live in a major metropolitan area, chances are you have many different options for Bitcoin ATMs. If you live in a more rural area, you may need to travel to a more populous area to find a Bitcoin ATM.
However, Bitcoin ATMs are now becoming more and more prevalent in rural areas. Here are some common ways to find a Bitcoin ATM near you.
Check Online
Many different websites show the location of Bitcoin ATMs in your geographic area. Try doing a bit of research to find out where the closest one to your locale is.
Check Your Supermarket
Bitcoin ATMs are popping up all over the place. One of the most popular locations for them is the local supermarket. Check by the video rental RedBox, vending machines, or coin conversion kiosk and you might see one.
Check a Corner Store
Many corner stores such as 7/11 and even gas station stores now have Bitcoin ATMs. If you have a few corner stores in your town, scope them all out to see if they have a Bitcoin ATM.
Give Bitcoin ATMs a Try
Bitcoin ATMs are the most recent addition to the science fiction novel that our lives have become. If you see this space-age contraption at your local supermarket, you may stand in awe of its glory for a few moments.
If you know how to use Bitcoin in a conventional sense, your next step is to try purchasing some on a Bitcoin ATM. Use the information in this guide to find a local Bitcoin ATM near you. For other relevant information, check out our site.
