The bitcoin ATM market is growing by the day. The more it grows the more likely it is that investors will want to purchase bitcoins in a convenient manner. That’s why bitcoin ATM companies are striving to provide secure and efficient services making it easier to buy bitcoin in Los Angeles. An ATM is a great alternative to using bitcoin exchanges which tend to be more susceptible to fraud and hacking. A bitcoin ATM will shoulder the credit and volatility risk that is already associated with a bitcoin exchange.
Bitcoin ATMs vs Bitcoin Exchanges
There are many benefits to using a bitcoin ATM. This is especially true when is compared to using a bitcoin exchange. In order to use services associated with a bitcoin exchange you need one of the following; a bank account, a credit card, or a debit card. The main problem with a bitcoin exchange is that it could take up to 3 to 4 business days before any bitcoins show in your account. They also have final control over your bitcoins which is essentially your money. So, keeping your bitcoins with an exchange is just like storing money in the bank instead of keeping cash in your wallet. Using a bitcoin ATM allows you to control your cryptocurrency without having to pay any charges for markups.
Get Immediate Access to Bitcoin
A bitcoin ATM gives you immediate access to bitcoins. The ATMs offer great rates that often can’t be offered by an online exchange. They also serve a very important purpose that allows people who don’t have a bank account, or credit card the option to invest by purchasing bitcoins. They give the perfect platform to introduce the underbanked and the unbanked to e-commerce. Some platforms may even try to address this market. However, a bitcoin ATM offers a familiar experience that does not require any coordination with another person. To know more information visit http://rockitcoin.com/.
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