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The world of cryptocurrency can seem foreign, strange, and confusing. Assuming you have already decided you want to get involved, the question then becomes what’s the fastest way to buy bitcoin?
How do you acquire the most popular cryptocurrencies like Bitcoin, Litecoin, and Ethereum?
The answer to this question can vary depending on who you ask. Some might say the easiest way to buy bitcoin is to open an account at an online exchange such as Coinbase or Poloniex.
But this method is time-consuming, requires several identity verification steps, and might scare people away. While using an exchange might be a viable option for some, there is an alternative way to buy cryptocurrency that will be more user-friendly to others.
Introduction to Bitcoin ATMs – the Fastest Way to Buy BitcoinJust about everyone in Western first-world countries has used an automated teller machine (ATM). The process is quick and easy. Using a Bitcoin ATM is not that different. In fact, it doesn't even require a bank account!
Anyone can take their local fiat currency to the nearest Bitcoin ATM and exchange that currency for Bitcoin or other cryptocurrencies. All you need is a virtual wallet to send the cryptocurrency to. And if you don't have a wallet, a Bitcoin ATM allows you to create a new one on the spot. That’s why using a BTC ATM is the fastest way to buy bitcoin.
The first Bitcoin ATMs transaction only in Bitcoin (BTC). But some newer bitcoin ATMs let users transaction in multiple different cryptocurrencies.
CoinFlip - a Big Name in Crypto ATMsAs of November 2018, CoinFlip had over 120 ATMs across the United States. CoinFlip ATMs allow users to buy or sell several of the largest cryptocurrencies by market capitalization including Bitcoin, Dash, Ethereum, Litecoin, and more.
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CoinFlip ATMs offer the lowest premium rates of any Bitcoin ATM in the country. So, you can get the best deal on coins by using a CoinFlip ATM.
CoinFlip CEO Daniel Polotsky has stated that the company is full of new talent and energy. His colleagues are mostly his friends from high school and former coworkers, most of them in their early twenties.
Now You Know How to Buy Bitcoin
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The only two things you need are some fiat currency and a willingness to take the leap into the world of crypto. Even if there's not a crypto ATM near you, some of them can be accessed remotely, at least that's the case for some ATMs operated by CoinFlip.
Of course, there are many Bitcoin ATMs out there other than those operated by CoinFlip. And you can always buy crypto on an exchange, as mentioned. But if you're looking for the fastest way to buy bitcoin, you can't go wrong with using a Bitcoin ATM.