How to Find the Nearest Bitcoin ATM in Your Neck of the Woods
Since 2017, financial enthusiasts have been increasingly drawn to Bitcoin. That year, the world’s most valuable cryptocurrency hit historic highs in December.
Maybe you’re somebody who’d like to get in on the action. But, you may not know where to start.
All you have to do is buy Bitcoin tokens from a crypto exchange online. Then, you can use those tokens as digital payments.
Your nearest Bitcoin ATM can simplify Bitcoin use as well. These devices let you buy Bitcoin on the go or exchange your bitcoins for fiat currency.
The trouble is finding a Bitcoin ATM. If you’re not sure how to do that, keep reading!
How to Find the Nearest Bitcoin ATM
Finding Bitcoin ATM locations near you may be a challenge. Currently, about 7,000 crypto teller machines exist worldwide.
It’s a little easier to find a Bitcoin ATM in the US if you live in a big city. Currently, there are Bitcoin ATMs in several US cities, including Philadelphia, Raleigh, New York, Los Angeles, and others.
How can you locate these teller machines? The fastest method is to use a Bitcoin ATM tracking website. The most famous of these websites is Coinatmradar.
This tracker can help you narrow your search with several features. For example, you can search by:
- Supported cryptocurrencies
- Availability of buy/sell choices
- Destination choices like country, city, and location
This website can help you locate a Bitcoin ATM. But, do you know how to use it once you find it? We’ll explain how these machines work in the next section!
How to Use a Bitcoin ATM Near Me
Bitcoin ATMs are an excellent gateway into cryptocurrencies. They’re surprisingly user-friendly, functioning like most other ATMs.
Usually, all you need to get started is a smartphone crypto wallet app. As with other ATMs, you’ll need your regular wallet with cash and cards, too.
So, how do you deposit cryptocurrencies in this ATM? In short, you’ll deposit your bank card or cash into the machine. If you use cash, you’ll purchase the equivalent value in the cryptocurrency of your choice.
Otherwise, the ATM will ask how much of a cryptocurrency you want to purchase. From there, you can enter how much you want.
Withdrawals work similarly. To withdraw cryptocurrency, you’ll enter your crypto wallet. From there, you’ll select how much money you want to withdraw.
This Bitcoin ATM explanation covers the basics of these machines. You can find a more comprehensive guide here: https://www.bytefederal.com/how-to-use-a-bitcoin-atm-the-ultimate-beginners-guide/.
Start Using Your Bitcoin ATM Finder Today!
The easiest way to learn about these machines is to locate the nearest Bitcoin ATM today. So, use a Bitcoin ATM finder to track down the closest teller machine!
Before you go, make sure you’ve already downloaded a crypto wallet to your smartphone. This app will make the ATM much easier to use.
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