August 29, 2019
You may have been paying attention to the latest news about how Bitcoin is taking the world by storm. Bitcoin’s price has skyrocketed over the past few months and as of June 2019 Bitcoin has passed the $10,000 mark for the first time since early 2018.
For those looking to get into the Bitcoin game, deciding how to go from cash-to-crypto in the safest and easiest way possible is of primary concern. Cryptocurrency evangelists have been working on popularizing digital currency, so that means that Bitcoin ATMs are now more widely available and safer to use than ever.
Even though they’re called Bitcoin ATMs these machines differ from conventional automated teller machine and service providers because they’re built to serve buyers and sellers of Bitcoin. Bitcoin ATMs, in short, connect you to an exchange rather than your bank account.
Bitcoin ATMs are generally more discreet than bank ATMs and are usually stashed away in low-key spots to make more comfortable exchanges. You can look into applicable areas where you’re considering using a CoinFlip Bitcoin ATM for enhanced security.
There are many additional safety measures in place that make your Bitcoin ATM experience the smoothest and safest possible. Bitcoin ATMs are not affiliated with traditional banking institutions nor are they connected to them in any way. Many Bitcoin ATMs are also owned and housed by reputable and established business entities that can generally be trusted. There’s also always someone on the other end of the line to help you at CoinFlip, where we provide 24/7 customer support.
QR code scanning processes and text-message user authentication enhance your cash-to-crypto experience and vice versa. Making a Bitcoin exchange for the first time? That’s okay, too; you’ll just have to go through a slightly longer security process. After you make your purchase your Bitcoins will be deposited into your Bitcoin wallet. You can also get printed confirmation or a confirmation email sent to your chosen address on file.
Many Bitcoin ATMs also have security cameras and video surveillance which can detect potential threats, suspicious behavior, or loiterers, which drastically reduces the likelihood of an unfortunate event.
If you have any additional questions about how to find and operate one of our Bitcoin ATMs, contact CoinFlip today or you can get started now all on your own. We’re here to make the cash-to-crypto experience as effortless and secure as humanly possible.
*This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal, accounting, or investment advice.