We are experiencing a digital revolution, as most businesses and routine activities are moving to the online ecosystem. Healthcare, cab services, food deliveries, and payment processing are a few examples of digital transformation. The new revolution is helping individuals invest in digital assets like Bitcoin, Litecoin, Bitcoin Cash, and Ethereum.
Trading in Crypto
The adoption of Cryptocurrencies like Bitcoin is gaining significant traction as people benefit from the phenomenal rise in crypto prices. You can explore the fascinating world of Cryptocurrencies, provided you know how to buy Bitcoin or any other digital asset.
Investing in Bitcoin is a new lucrative trend among young and old investors. Crypto exchanges and Bitcoin machines are two principal alternatives to selling or buying a Bitcoin.
Trading Bitcoin via online exchanges
The online crypto exchange is a popular option for selling and purchasing cryptocurrencies. There are about 300 crypto exchanges in operation, showing the popularity of online Bitcoin exchanges. Users are always unsure about selecting a particular crypto exchange because it is difficult to determine the reliability of these exchanges. You may consider the following factors before using any Bitcoin exchange.
- Ease of trading- Using an online exchange offers convenience as one can complete the process using a smartphone. Some users do not feel secure in an online environment because of cybercriminals. They may avoid using online exchanges.
- Lack of privacy- Bitcoin exchanges demand personal details, including bank account numbers. It can be risky because the information remains with the online Bitcoin exchange.
- Slow process- Even though trading Bitcoin through online exchanges is a simple process, it may take a long time before you receive your Bitcoin. The delay is mainly because of the complex approval processes. Usually, it takes a few days to get Bitcoin in your Crypto wallet.
Rise of Bitcoin ATMs
The extensive adoption of Bitcoin is clear from the rise in the number of establishments accepting Bitcoin as a legitimate payment option. Another distinct evidence of crypto adoption is the rapid rise in Bitcoin ATM installations by Cryptobase Florida. There are thousands of crypto ATM facilities across the globe, and a majority of them are in the US.
The traditional method of leveraging online crypto exchange continues to be popular among many crypto users. The second alternative is to use Bitcoin ATM in Florida as a standalone physical facility to buy or sell crypto. Unlike online exchanges that are easily accessible via the internet, Bitcoin ATM is a physical facility present in strategic places.
Benefits of Bitcoin ATMs
The availability of Bitcoin ATMs is a thing of the past. You can easily spot a BTC ATM at many locations, like gas stations, super-marts, and pubs. These kiosks are open round the clock. With over 32000 ATM installations (and still counting), you are never far away from a Bitcoin ATM if you are in America.
Privacy of transactions is a crucial advantage of Bitcoin ATMs, as online exchanges cannot guarantee anonymity. One need not share bank details while trading Bitcoin at any Crypto ATM. You are only sharing your phone number for authentication through a passcode generation. Speed of transaction at Bitcoin ATM makes it a superior option to an online exchange. You will get your Crypto in the wallet within a few moments by using a Bitcoin ATM.