Bitcoin ATMs are rapidly replacing banks

Online exchanges have long been overshadowing Bitcoin ATMs, despite being available since 2013. In recent years, Bitcoin ATMs have become increasingly widespread throughout the U.S. and the rest of the world By bypassing several of the roadblocks associated with online exchanges, Bitcoin ATMs provide users with a refreshing alternative. A Bitcoin ATM is a refreshing alternative to dealing with the hiccups that users face when dealing with online exchanges.

With over 650 Bitcoin ATMs nationwide, Coin Cloud offers many advantages over online exchanges. We are strategically located to make Coin Cloud Bitcoin ATMs convenient for our customers. Several places we frequent daily have Coin Cloud ATMs, including casinos, liquor stores, and grocery stores Because Bitcoin ATMs are similar to traditional ATMs, our users feel more comfortable transacting with them for an asset class as new as bitcoin.

Coin Cloud Bitcoin ATMs allow users to buy and sell bitcoin with cash instead of on an online exchange. As a result, users do not have to link their personal banking information, which keeps personal information private. With online exchanges, you may have a hard time getting a hold of someone who can assist you, especially if you don’t have a bank account at all or don’t have a major bank account at all.

You can feel comfortable knowing that your bitcoins are being purchased and sold correctly at Coin Cloud since someone will be available to you immediately if there are any issues. We will ensure a seamless buying and selling process with our live support team. Coinbase and Gemini, among other online exchanges, have undoubtedly become the most popular means for buying and selling bitcoin. Still, they come with a variety of challenges that users must overcome.

Online exchanges require users to link their bank account information to comply with KYC/AML regulations. Therefore, they have access to all of your personal and financial information. The bank can also take weeks to verify your identity on some of these online exchanges. Since privacy is one of the primary benefits of using bitcoin, this has yet to sit well with several cryptocurrency users.

As online exchanges require that users link their bank accounts, most will only allow users to connect their accounts with major banks. This excludes many potential users. It is important to remember that online exchanges have long transaction times. Depending on the traffic volume, it may take up to 5 business days for your coin to reach your account. For this reason, it is better to purchase and sell bitcoins using a Bitcoin ATM.


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