Everything You Can Do at a Coin Cloud DCM

Buy, Sell and More with Coin Cloud
By 
Coin Cloud Team
, published on 
March 24, 2021
Everything You Can Do at a Coin Cloud DCM

You may have been hearing a lot about Bitcoin or perhaps Dogecoin recently. After all, both of these are booming topics in the business, stock, investment, and tech worlds alike. Even Tesla CEO Elon Musk has hopped on the hype bandwagon by purchasing large amounts of Bitcoin and jokingly tweeting about Dogecoin.

There’s a good reason why these are hot topics in a wide variety of circles. But keep in mind that the rise of digital currency is a fairly new thing. Bitcoin only became an idea in 2008. With its popularity came the demand for various services that can make the experience of using digital currency easier and more secure.

One of the coolest things that came out of this surge of development is digital currency machines. These kiosks, like many new creations in the virtual currency world, sought to solve a handful of “problems” or inconveniences that traders had been encountering. Coin Cloud, the leading digital currency machine company, provides the majority of the world’s two-way machines (we’ll get to what a two-way machine is versus a one-way machine later).

So, what were the issues that Coin Cloud DCMs solved? What exactly can you do at one of Coin Cloud’s machines?

Buy Bitcoin and More with Cash

After the boom in Bitcoin’s popularity, online trading exchanges quickly cropped up. These sites generally provided a more convenient alternative to mining for people who wanted to obtain Bitcoin. Now they didn’t have to invest in the computers or time necessary to mine.

While this solved the issue of getting Bitcoin to people who didn’t want to go through the process of mining, another concern cropped up in the community. What about people without credit cards? What about the unbanked? Or what about people who just want to be able to purchase their Bitcoin with cash?

That’s exactly (but not only) what Coin Cloud DCMs do! Simply bring your cash to one of the machines and you can purchase Bitcoin with cash, as well as a wide variety of Altcoins.

Sell Bitcoin and More for Cash

Buying digital currency isn't the only thing you can do at a Coin Cloud DCM though. As mentioned before, Coin Cloud’s machines make up the majority of all the “two-way” machines in the world. A two-way digital currency machine allows you to not only buy digital currency with cash, but also sell it for cash.

The majority of machines in the world are one-way, for purchasing virtual currency only (these machines are often called Bitcoin ATMs). But Coin Cloud is spearheading a change towards more two-way machines.

All you need to use one of these machines is your mobile wallet and phone, and you can turn that virtual currency into cash that will be deposited right into your hands. If you don’t have a Bitcoin wallet, Coin Cloud also provides a free wallet app that you can use.

Safely Increase Limits

A restriction that other transaction methods may have are fixed limitations on how much you can trade in a day, or no limitation at all, which risks your security. Coin Cloud effectively protects your funds' safety without over-strict limitations by allowing you to increase your daily limit through several tiers of identity verification at the machine.

All of these things are available for you to do at a Coin Cloud DCM! On top of that there’s a live support team ready to take your call if you’re confused about any of the machine's functions, or just need to ask a question.

Disclaimer: The information and views supplied on the Coin Cloud blog are for educational and entertainment purposes only. We are not financial advisors, so please do your research and consult with a trusted financial specialist before investing your money.

What is Coin Cloud?

Founded in 2014 in Las Vegas, Nevada, Coin Cloud is the leading digital currency machine (DCM) operator. With over 4,500 locations nationwide, in 48 states and Brazil, Coin Cloud operates the world’s largest and fastest-growing network of 100% two-way DCMs, a more advanced version of the Bitcoin ATM. Every Coin Cloud DCM empowers you to quickly and easily buy and sell over 40 cryptocurrency options with cash.

Get $25 in FREE Bitcoin

When You Buy $150 or More at Any Coin Cloud DCM

Use promo code COINCLOUD at the machine

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