Cashing Out Made Easy: How Localcoin Bitcoin ATMs Serve Miners and Professionals Paid in Crypto
- By Ian Cheeseman
- October 13, 2023
The tools and platforms that support crypto and digital assets are progressing at lightning speed. Among the front runners are Bitcoin ATMs – versatile machines that simplify the buying and selling process for users. Especially notable is their sell function.
But who truly stands to benefit from this feature?
This article will dive into who could benefit most from using Bitcon ATMs sell function.
Mining is the backbone of the cryptocurrency world, providing both security and transactional validation to networks. Miners, in return for their computational contributions, receive Bitcoin rewards.
Benefits for Miners:
- Instant Liquidity: Large-scale mining operations, while profitable, can be cash-intensive. Expenses like high electricity costs, equipment upgrades, and maintenance can take up a significant portion of the rewards. Bitcoin ATMs provide miners the avenue to quickly convert their mined Bitcoins into cash, ensuring that operational costs are managed efficiently.
- Simple Process: Amid the intricacies of managing mining rigs and ensuring optimal performance, miners often crave simplicity in other aspects of their operations. Selling Bitcoin should be straightforward, and Bitcoin ATMs deliver on this by offering an easy, step-by-step process for conversions, devoid of the complications that often come with online exchanges.
- Capitalizing on Market Fluctuations: Bitcoin’s notorious price volatility means that timely conversion can make a difference in returns. Having access to an ATM allows miners to immediately cash out when the market conditions are favourable, maximizing their profit margins.
Professionals Earning in Crypto
The digital revolution has seen a surge in professionals and freelancers choosing to be remunerated in Bitcoin and other cryptocurrencies.
Benefits for Professionals:
- Ease of Conversion: While earning in Bitcoin places professionals ahead of the curve, practical expenses still require fiat currency. Bitcoin ATMs bridge this gap, offering these professionals a quick, hassle-free avenue to convert their crypto wages into spendable cash.
- Enhanced Security: The crypto world isn't devoid of risks. Online platforms and wallets can be susceptible to hacks. Bitcoin ATMs, being physical machines, provide a more tangible, secure transaction method, reducing the dependence on third-party online platforms which might be vulnerable.
- Global Accessibility: For professionals in areas with limited financial infrastructure or restrictive banking regulations regarding crypto, Bitcoin ATMs serve as financial beacons. These machines ensure that users can access their funds, anytime, without the need for a traditional bank.
Real World Examples
Several notable individuals and companies have already begun adopting this practice. Prominent examples include New York Mayor Eric Adams, Miami Mayor Francis Suarez, and various athletes and celebrities opting for crypto salaries or payments.
Moreover, companies like Exodus, GMO internet group, and SC5, a Finnish company offering crypto payments since 2013, also offer crypto salaries, showcasing a broader acceptance beyond high-profile individuals.
Other firms like Fairlay, Purse.io, and Bitwage are also part of the growing list of entities embracing crypto salaries. This trend reflects a broader acceptance and interest in cryptocurrencies, extending the discussion on their viability as a form of salary payment.
If you are looking to sell crypto for physical cash, you can do so using Localcoin's online sell feature, which offers a non-custodial solution that guarantees complete control over your assets.
Leverage over 900 Localcoin Bitcoin ATMs across the nation for buying and selling Bitcoin, and embark on your journey into the realm of crypto today!