Investing in cryptocurrencies is quite the rage these days. That’s probably because of the spectacular Bitcoin price surge even in the midst of the pandemic!
If you have been toying with the idea of buying cryptos for a while now, try looking for a Bitcoin ATM.
You could always register on an exchange and start transacting Bitcoins, but an ATM may make your work easier. And how can you find an ATM close to you in Virginia? Simply type in the words “Bitcoin ATM near me” online and you are good to go.
Why buying Bitcoins from a Bitcoin Teller Machine can be a good idea
Whenever you plan to buy online, you invariably feel threatened by the thought of scams and hacks. That’s not unusual given that many crypto exchanges have been hacked in the past. Who can forget the infamous Mt. Gox incident when thousands of users lost a lot of money because of a hack?
In contrast, the Bitcoin ATM seems to be a safer bet. Investing in cryptos through an ATM means you don’t need to have prior technical expertise. And most importantly, transactions are instant. So, there’s no waiting period as in the case of exchanges.
Those who have used ATMs for buying Bitcoins once will be most comfortable doing it again and again because of the convenience. They will not turn towards trading platforms or crypto exchanges because of a hassle-free experience with Bitcoin ATMs.
The biggest reason to look for a Bitcoin ATM in Virginia is security. Nobody can tamper with Bitcoin orders when you use an ATM. Unlike an exchange where the threats of cyber attacks and hacks are omnipresent, Bitcoin ATMs are safe mediums for transactions.
Another strong reason to search for BTMs close to your home is time-saving. When you use Bitcoin ATMs, transactions are far quicker than if you were to go through an exchange or trading platform. The method is super-fast and you can expect to complete transactions within minutes. This is perhaps why more and more Bitcoin machines are popping up in different high-traffic places like airports and malls.
And, of course, who can deny the ease of use and convenience associated with Bitcoin ATMs? Once you have become familiar with a BTM, it’s unlikely you will choose to go to an exchange.
What to remember when using Bitcoin ATMs in Virginia
While these machines may be super convenient and quick in transactions, you need to ensure these are run by reputed operators. You must also find out whether the machine is unidirectional or bi-directional; not all machines will allow you to sell Bitcoins.
Besides, you must have a digital wallet downloaded on your smartphone before using an ATM. Without this wallet, there’s no place where you can send the coins or withdraw the coins from.
Once you have confirmed these, you shouldn’t face any difficulty in making your first crypto transaction.
Cryptocurrencies are here to stay and joining the bandwagon isn’t a bad idea if you wish to have a diversified portfolio.