5 Reasons Why You Want To Use A Bitcoin ATM
- By Localcoin
- May 24, 2018
Bank Ban
Banks have made buying Bitcoin increasingly difficult. Most major banks in Canada have outright banned the use of their customers’ accounts to purchase goods and services related to cryptocurrency. Though users of a Bitcoin ATM are still free to buy and sell Bitcoin, Litecoin, and Ethereum using their hard-earned cash directly on our Bitcoin ATM machines. All you have to do is withdraw cash from any bank's ATM and deposit it into the Bitcoin network using a Bitcoin ATM. Let's check out why exactly use a bitcoin ATM.
Anonymity
Your right to privacy is something that should be taken seriously. Unlike online exchanges that require ID verification, Bitcoin ATM machines allow you to remain anonymous removing the process of KYC (Know Your Customer). Whether you want to buy $20 or $2000 of Bitcoin, you shouldn’t be forced to divulge personal information
Shortest Verification Times
The crypto market changes in the blink of an eye. In an ideal scenario, the public would be able to purchase cryptocurrency through numerous outlets however, the reality is online exchanges dominate the marketplace. With so few methods to purchase digital currency, the few exchanges that do exist are overloaded with account requests. You’re often left in limbo, wishing you could invest in Bitcoin but forced to wait for your account to be verified. You need the flexibility to purchase crypto on your time, not when it’s convenient for the exchange you signed up for. Our Bitcoin ATM machines are located in 24/7 convenience stores and only require a mobile wallet. It’s really that simple.
Read on our blog what is crypto staking.
Transaction Volumes
If you’re familiar with online exchanges you’ve more than likely come across annoying purchasing caps that just aren’t realistic. Buying $200 of crypto a week isn’t a viable option for people looking to invest in Bitcoin. With our Bitcoin ATM, you can purchase up to $9995 of Bitcoin, Ethereum or Litecoin per transaction (with no limit to the number of transactions you can make!).
Dedicated Support
Why use a bitcoin ATM? As you can see, navigating your way through the crypto market can be a daunting task for newcomers. A Bitcoin ATM provides investors with a familiar and secure method of purchasing cryptocurrency. If you face any trouble when using our system, unlike most exchanges that simply have you submit a support ticket, we have a dedicated phone line that can be reached 7 days a week.
