If you have been looking for a “Bitcoin ATM near me” online, you will surprised at the number of options you will be given. This is because Bitcoin ATMs are now easily available in many high-traffic areas like malls and airports. Using these machines is relatively easy because the interface is user-friendly and functions are similar to cash ATMs.
Crypto users find it convenient to use a crypto ATM in Texas these days because they can get cash in hand at once. There is no waiting period like in cryptoexchanges and no need to register an account on trading platforms. You can get started anytime you want by simply walking up to a Bitcoin machine. All you need are your phone and a Bitcoin wallet.
Important things that a beginner should know before using a crypto ATM in Texas:
- Bitcoin ATMs can be unidirectional or bi-directional. The first type is one-way machines which either helps you buy or sell your cryptos. The second type is the two-way machines which support both buy and sell features. When you are looking to sell Bitcoins, make sure you search for a “Bitcoin machine near me” that is bi-directional.
- While you need a wallet for ATM transactions, you can even get a paper wallet generated by the machine. If you are planning on transferring a large amount of money, you may have to submit personal ID verification details.
- Unlike traditional ATMs that let you physically deposit or withdraw cash bills, Bitcoin transactions are based on the blockchain. So, the cryptos that you buy or sell will be sent to a wallet. Since they are not linked to any bank account, they are not controlled by financial institutions. But there are protocols to be followed. Users must scan QR codes that show their Bitcoin address. It is only after this that the coins bought are sent to the wallet. Record of the transfer is then displayed in the wallet. You can check the wallet balance on your screen.
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- Cash deposits will have lower and upper limitations. In the US, for example, all Bitcoin machine operators have to be registered with FinCen. This makes them liable to AML clauses and regulations. So, before you complete a transaction, you may have to scan a personal ID document like your driver’s license.
Bitcoin ATMs in Texas offer many advantages over cash ATMs. The transactions are super fast, taking only a few minutes. You can even sell your cryptos and get cash in exchange. The steps for selling Bitcoins may not be the same as those for buying Bitcoins but they are easy to follow. The display on the machines is very intuitive and even a first-timer should have no difficulty navigating his way through it. So, if you think you want to try buying cryptos for the first time without signing up on an exchange, visit https://www.cryptobaseatm.com/. It will give you accurate locations of Bitcoin ATMs in and around you. Find out which machines allow you to buy or sell Bitcoins and whether you can transact cryptos other than Bitcoins too.