If you’re looking for a Bitcoin ATM, you’re going to have the best luck in the United States. While the global number of Bitcoin ATMs is on the rise, the US is still home to the biggest percentage.
That said, that doesn’t mean that all Bitcoin ATMs in the US are of the same value. Some offer only a limited number of options to users, limiting their overall usefulness.
How can you make sure that you’re using the best Bitcoin ATM? What are the features that the best Bitcoin ATMs offer?
Before you start your search for “Bitcoin ATMs near me,” read this guide to the three features you want to find in a Bitcoin ATM.
- Two-Way Cash and Crypto Conversions
Most Bitcoin ATMs allow you to do one specific thing: convert your cash to crypto. If you’re wondering how to use a Bitcoin ATM, the first step is to set up a digital wallet that you can then “open” on a Bitcoin ATM.
The best Bitcoin ATMs will allow you to convert cash to crypto and crypto to cash, rather than limiting you to a single type of transaction. When a Bitcoin ATM allows you to convert crypto to cash, it makes your cryptocurrency a more fluid (albeit not quite liquid) asset.
- Multiple Cryptocurrency Options
We call these ATMs “Bitcoin” ATMs in part because Bitcoin is one of the most well-known cryptocurrencies available today. The reality, however, is that there are dozens of cryptocurrencies in circulation, and the one(s) you currently trade in is completely up to you.
The only problem? Some Bitcoin ATMs only offer one type of cryptocurrency, limiting who can use it or will want to use it. The best Bitcoin ATM will offer several different cryptocurrencies to meet the needs of more traders.
- Alternatives to Cryptocurrency
The best Bitcoin ATMs are Byte Atms because they meet the above criteria and go a step beyond. They offer versatility to the Bitcoin ATM user by offering alternative conversion options.
What kinds of conversion options are we talking about? With Byte, you can convert your cash into gold, gift cards, and more. This is a perfect way to further diversify your portfolio, pick up a quick gift, and ultimately make your money go further than it would as cold, hard cash.
Don’t Settle for Less Than the Best Bitcoin ATM
If you’re trying to figure out how to find Bitcoin ATMs, keep in mind that not all Bitcoin ATMs are created equally. While they all share one common feature (converting cash into some type of cryptocurrency), many are limited by their lack of diverse uses. Make sure that you find the best Bitcoin ATM by looking for these three key features.
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