“Bitcoin! Buy the dips! #HODL!” Unless you’ve been living under a rock, you’ve surely heard all the craze surrounding Bitcoin lately. Thanks to its extreme ups and downs, it seems like everybody is learning how to buy and sell Bitcoin. As the most popular cryptocurrency in the world, more and more businesses have started accepting Bitcoin as a legitimate form of payment, while others have even built applications that use Bitcoin and its core technology, blockchain. We are in the middle of a Bitcoin explosion.
But, before you can get involved with any of that, you must buy your Bitcoin first. Currently, there are two different ways that you can buy and sell Bitcoin: online and at a Bitcoin ATM (BTM). In this blog post, Coin Cloud discusses the differences between buying and selling your Bitcoin online vs buying and selling at a Bitcoin ATM.
Online is the most common method for buying and selling Bitcoin. Since Bitcoin’s inception, dozens of different online exchanges have launched. Some have come and gone as quickly as they came, while others have stuck around and continue to operate to this day. Deciding which exchange to use is ultimately a matter of preference. Below is a breakdown of buying and selling Bitcoin through an online exchange:
Bitcoin ATMs are a fairly new way to buy and sell Bitcoin. The first Bitcoin ATM wasn’t placed until 2013, 4 years after Bitcoin’s launch. Today, there are over 500 operating Bitcoin ATMs all over the world. Below is a breakdown of how Bitcoin ATMs differ from online exchanges.
Ultimately, deciding to buy and sell online or in person at a Bitcoin ATM is up to you. Some people don’t mind long delay times and would prefer to just handle everything from their phone or computer. Others prefer to use cash, share minimal information and receive their coin instantly. It all comes down to preference.
If you are interested in learning more about Bitcoin ATMs or want to find the nearest location to you, Coin Cloud can help. Coin Cloud boasts the largest two-way Bitcoin ATM network in the world, and our live support team is here to help you if you have any questions.
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.
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.
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