If you’ve heard the buzzword “BTM,” you might be entranced by the crypto universe. You might also be completely unfamiliar with crypto ATMs and how they work. Wherever you fall, we’ve got the details you need to make sense of the madness.
If you didn’t know, “BTM” stands for Bitcoin ATM, a kiosk used to orchestrate transactions for certain cryptocurrencies. As interest in cryptocurrency grows, more people are using these machines instead of relying on the traditional banking system alone. They are a lot like traditional ATMs, but they only facilitate transactions for crypto and are decentralized.
Whether you’re new to this concept or not, you may find the following information useful, as it may enhance your crypto experience as a BTM user. Below, we present a beginner’s guide to exploring crypto ATM locations so you can start the process. Read on and search “bitcoin ATM locations” to find locations nearest you.
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Search For “Bitcoin ATM Locations” Via Online Locators.
To start looking for crypto ATMs in your area, search online. Search terms like “bitcoin ATM locations” to understand where you can find them near you. From there, deepen your search by using crypto ATM locators online or via the app. These resources are helpful in finding not only crypto locations closest to you but also specifying which cryptocurrencies they accept and other critical information. All you need to do is enter your state, city, or zip code to get started.
Know The Common Grounds To Find Them.
Another thing to keep in mind is the general areas where you can expect to see crypto ATMs. Crypto ATMs are placed in areas where people frequently visit to be sources of financial convenience for the users. For instance, shopping malls, grocery stores, and gas stations often have crypto ATMs stationed in their proximity, as these are areas where people fluently go and where situations arise for more transactions to be made.
Other participating Coinstar, Moneygram, and ReadyCode locations have crypto ATMs, which are typically found at supermarkets. You may also find crypto ATMs in local pharmacies and pharmacy chains like Walgreens. Search “bitcoin ATM locations” to determine whether there are crypto ATMs or pharmacies in your local area.
Be Aware Of The Fees.
Keep in mind that the fees for using crypto ATMs vary by bitcoin ATM locations. You can expect to pay between 7-20% of the total transaction in fees. Using your locators, you can potentially see what the fee is for a given crypto ATM beforehand, and avoid paying more than you want to for using the system. Fees may be influenced by the actions taken on the machine, i.e., sending crypto to another user’s digital wallet vs. depositing into your own.
Get Started With BTMs.
Getting started with crypto ATMs is straightforward. Create an account and head to a local BTM to start a transaction. Finding bitcoin ATM locations is worth your while as a resource for managing your money outside of traditional banks and traditional banking hours.