2013 started the evolution of Bitcoin ATMs, but for many years they were not as popular as online exchanges, such as Coinbase or Kraken. Ever since Bitcoin became a popular topic in the past few years, there has been a huge spike in the number of Bitcoin ATM locations in the world. The Bitcoin ATM is a more convenient way for a user to purchase Bitcoin or other cryptocurrencies.
With all of the different Bitcoin ATM operators out there, Cash2Bitcoin is one of many growing rapidly. With over 140 locations across the country, Cash2Bitcoin helps take the hurdle out of purchasing Bitcoin.
Disadvantages of Online Exchanges
Even though online exchanges, like Coinbase or Kraken are a common way to buy and sell Bitcoin, they have their share of disadvantages.
One of the biggest disadvantages of an online exchange, is that most require their users to link their bank account information. There are a good number of people who don’t feel comfortable giving out their bank information, due to vulnerabilities. A big disadvantage of an online exchange is that some of them can take weeks to verify a users identity with the bank. Another big disadvantage of online exchanges is that most of them require their users to link to a major bank. This can be very inconvenient for users and often drives away potential customers.
Another big issue that online exchanges present themselves are long transaction wait periods. Depending on how busy the exchange is, it can take up to 5 business days or more to receive your cryptocurrency. With that being said, it’s probably a wiser choice to make your next transaction at a Bitcoin ATM, allowing you to buy and sell your Bitcoin within minutes.
Benefits of Using a Cash2Bitcoin Bitcoin ATM
If you have a smartphone and cash, Bitcoin ATMs take the hassle out of purchasing Bitcoin and other cryptocurrencies, unlike online exchanges. At Cash2Bitcoin, our machines offer its users many different advantages over using online exchanges.
With over 140 locations nationwide, Cash2Bitcoin ATMs are put in specific locations to make Bitcoin purchasing or selling as convenient as possible for its users. Cash2Bitcoin ATMs can be found at commonly visited locations, like liquor stores, food stores, gas stations, etc.
When it comes to dealing with online exchanges, depending on how heavy their user traffic is, it can take several days to reach someone for support. At Cash2Bitcoin, someone will always be there to support you with your transaction.
In the coming years, the number of Bitcoin ATMs will be growing rapidly, and Cash2Bitcoin will be one of many operators out there contributing to this growth.
To find the nearest Cash2Bitcoin Bitcoin ATM to you, please visit