If there is one major business activity that did not get affected by the pandemic, it is trading in virtual currency. There is a more significant reason for trade in virtual currency to be high.
It is the exponential growth in the proliferation of crypto ATM units across the United States, which today accounts for over 85% of all such ATMs worldwide.
This brings up the question – what is it about these ATMs that they are proliferating so fast and enabling a larger volume of trade in virtual currency?
Prior to the emergence of virtual currency ATMs in 2015. The only place where one could trade them was the inept online exchanges.
It took 3-7 days for a transaction to be approved on these online exchanges in addition to the occasional security breaches that resulted in big losses for many users.
These experiences resulted in many users staying away from trading Bitcoin on the online exchanges altogether. It left a major impact on the market at large and demand kept falling.
That’s when the virtual currency ATMs came up with the solution that gave users the option to trade outside the ambit of online exchanges.
It’s really easy to operate a virtual currency ATM
To begin with, it doesn’t take longer than a minute for a transaction to be completed on a virtual currency ATM.
All that you have to do in order to use such an ATM is to open an account with one or more ATM operating companies. It just takes a minute to learn how to sell and buy virtual currency on the ATM.
Your account will be protected with single or multiple-stage verification via your mobile phone. Thereafter, your transaction will also require a one-time password that will come on your phone.
You will need a digital wallet to store your virtual currency units. Do your research to know about the most used and reliable digital wallets.
The benefits of using virtual currency ATMs are many
Compared to the complicated and inept online exchanges, you can complete your transaction on the ATMs in less than a minute.
That is the best example of flexibility and efficiency in an offline environment. However, you also have the option to make cashless payments to buy virtual currency.
Looking at the convenience, safety, and efficiency of these ATMs, there are a lot of folks asking “Is there a Bitcoin ATM near me?”
ATMs of reputable companies offer top-level safety
The euphoria over the virtual currency ATMs should not lead you to any kind of complacency in selecting the right ATMs. Not all ATMs are efficient enough to give you convenience, safety, and flexibility.
Therefore, do a little research about the virtual ATMs available in your area and see what users have to say about them.
When you use the virtual currency ATMs of a leading operator like Cryptobase, you get convenience, safety and flexibility, and a lot more.