How Bitcoin ATMs Have Grown with the Rising Cryptocurrency Marketguides
With the meteoric rise of the cryptocurrency market,Bitcoin ATMshave popped up all around the world in recent years. Found mainly in convenience stores, transit stations, smoke shops and gas stations, there are nowin total. Many of these are in the United States, which currentlyhosts 81.5% of the globe’s Bitcoin ATMs.
The Explosive Growth of Bitcoin ATMs
Cryptocurrency has gained massive popularity since it was established in 2009. And with this growth came the question of mainstream accessibility. How could vendors provide easy access to the crypto space to broaden its appeal and increase its userbase? The solution came with the mass installation of Bitcoin ATMs all around the planet. The first Bitcoin ATM was installed in 2014. And while the evolution was slow but steady for the first four years, since then there has been a meteoric surge in Bitcoin ATMs, with11,896 of the world’s total installationsoccurring since 2018.
Bitcoin ATMs Provide the Best Cryptocurrency Solutions
While platforms like Coinbase and Binance have been around for a while, they are not as quick and convenient as using Bitcoin ATMs. It can take weeks and sometimes even months to get your transactions approved on their sites, while verification with Bitcoin ATMs takes an average of fifteen minutes. And when you have to wait a week or more for your cryptocurrency to be delivered, there can be price fluctuations that affect the value of the Bitcoin you are waiting to receive. By purchasing your cryptocurrency with cash at a Bitcoin ATM, you are guaranteed to get the value you expect out of your Bitcoin and have it delivered within a one to two-hour period.
Bitcoin ATMs are Rapidly Replacing Regular ATMs
With Bitcoin ATMs, you have the option to make traditional cash transactions and buy cryptocurrency. Because of this versatility, Bitcoin ATMs are quickly becoming the norm and rapidly replacing regular ATM machines. And while they have fees associated with their use just like with regular ATMs, the convenience and ease of buying Bitcoin on the spot makes this cost more than worthwhile. The majority of current Bitcoin ATMs across the nation are one-way kiosks that allow you to purchase Bitcoin with cash. However,two-way kiosksare becoming much more common these days.
As the cryptocurrency market continues to rise, Bitcoin Depot leads the way as one of the fastest-growing Bitcoin ATM companies nationwide.
Find a Bitcoin Depot ATM Near You
Bitcoin Depot aims to provide its users with the most convenient, secure and fastest cryptocurrency transactions on the market. With thousands of Bitcoin Depot ATMs located across the United States and Canada, you can instantly buy Bitcoin, Litecoin and Ethereum using cash. Many of our locations are open 7 days a week and are accessible 24 hours a day for your convenience. Our Bitcoin ATMs are built to be simple and intuitive, making it easier than ever to purchase Bitcoin.
Visit our website to find the closest Bitcoin Depot ATM location near you and learn more about how you can enter the exciting world of cryptocurrency today!
Feb. 16, 2018