Did you know that there’s a limited amount of Bitcoin? When Bitcoin was founded, the creator only made 21 million of them, and there are 16 million in circulation today.
Bitcoin ATMs are kiosks that allow you to buy Bitcoin or other cryptocurrencies using cash or a debit card. Keep reading and we will guide you through how to find a Bitcoin ATM near you.
Most Popular in the U.S.
There are 42,226 Bitcoin ATMs in the U.S. as of May 2021. About 75% of these machines are located in the U.S. and Canada.
Some ATMs not only allow you to buy Bitcoin or other cryptocurrencies but also allow you to cash out using some of your Bitcoin.
Sometimes they look like an ATM, and other times they’re built on a stand or into a wall. You will need to do your research to find a Bitcoin ATM near you and you can use different websites to search your state, city, or zip code.
You can find a Bitcoin ATM near me by using www.bytefederal.com. You just type in your zip code, and it can show you the closest ATMs with a 100-mile radius.
It’s nice to have options, in case you are looking for a special one that allows you to purchase or cash out.
Benefits of Using a Bitcoin ATM
You can purchase Bitcoin through PayPal, Coinbase, a trading app, interactive brokers, ATMs, and more. There are benefits to using ATMs over purchasing Bitcoin in other ways. These include the following:
- You can both buy and sell Bitcoin using some ATMs
- Using an ATM allows for complete privacy, whereas if you buy it online you will have to submit more personal information and paperwork
- Online platforms charge almost 4% for credit card payments, whereas ATMs only charge about 2%
There is more convenience that comes with using a Bitcoin ATM because you find a location by you, have more options in terms of what you want to do, and are charged a fee that’s 50% less than making an online payment.
ATMs are also strategically located. You won’t find one in the middle of nowhere. They will be surrounded by shops, restaurants, or hotels, and they create a space where you will feel comfortable making a purchase.
People that create the ATMs want to make them easy to access while also making you feel like you have your privacy as well. Similar to when you’re using an ATM to take out money, you don’t want to feel like someone is looking over your shoulder while you type your pin.
Find Your Nearest Bitcoin ATM Today
Now that you know how to find a Bitcoin ATM near you, you can use the Byte Federal zip code search. All you have to do is type in your zip code.
You can use an ATM to buy or cash out on Bitcoin, and they’re becoming more accessible with less of a fee than when you purchase Bitcoin online.
Decide if it’s the right time for you to purchase Bitcoin, and keep reading about the latest on TechyBuzzz.