“Kids today grow up learning about technology, so they’re the ones who know how to use it.” “I’m not tech-savvy enough to figure it out.” “My 10-year-old grandson will set it up for me.” “I don’t understand all that techno mumbo-jumbo.”
Does any of that sound familiar?
While it’s true that young people have a leg up over those who didn’t grow up with technology, it doesn’t mean older generations can’t use it … learn it … embrace it … and love it.
Sure, maybe you didn’t have a tablet when you were 3 years old or a phone in your pocket and a computer on your desk at 8. But the truth is, not all technology is difficult. And not all tech-based processes require you to have a Master’s Degree in Engineering.
Let’s take Bitcoin, for example. (We could talk about all kinds of digital currency and other crypto besides Bitcoin, but we’re just going to stick with the big dog for now.) Bitcoin is new (well, relatively new — it’s actually over a decade old now, but that’s kinda new.) It sounds complicated, all the young people seem to be embracing it, and it must be hard to understand, let alone use. Right? Wrong.
Was a TV easy the first time you used it? No, but you figured it out pretty quickly. What about a phone? A microwave? A coffee maker? A typewriter? A computer? They all started off unfamiliar, but you got it. Now you’re pretty good at using all those things.
It’s the same with Bitcoin. There’s a learning curve, but it’s not that steep, and there are tools that make the whole thing easy.
If you’re brand new to the concept of cryptocurrency, first read Satoshi Nakamoto’s white paper on Bitcoin, which started it all. That will explain the concept behind creating a digital, decentralized and borderless currency that allows you to maintain some amount of privacy and anonymity. No Big Brother watching you here! (You don’t have to understand every detail of the white paper — just the big “forest” overview. Even tech geniuses don’t know everything about the “trees”!)
If you’re not familiar with Satoshi Nakamoto, neither is anybody else — because he/she/they have never revealed their true identity. You just need to know that this is the person/entity who created Bitcoin. The founding father, so to speak.
So, if you want to sound cool while you stand around chatting with friends — or coworkers over a video conferencing meeting — you only need to learn a little bit of the lingo. Watch a few YouTube videos for beginners, or join a Facebook group. Some of the conversations and posts will make you scratch your head at first, but eventually you’ll get it.
You’re probably not going to buy a whole bitcoin right away, since it’s currently valued at over $9,000 for a single coin. But the good news is, you can buy a portion of a bitcoin — all the way down to a Satoshi, which is 1/100,000,000 of a bitcoin. (Yes, it’s named after that same elusive Satoshi Nakamoto.) Although, realistically, you would want to buy at least a dollar or two worth of bitcoin.
There are lots of ways you can do this. You can use an online exchange and connect it to your bank account to fund it, but this takes awhile to set up and requires you to share your financial and personal information (which isn’t really the point of cryptocurrency — if we go back to Satoshi’s white paper). Customer support is limited if you need help, and these large sites are attractive to hackers. But it’s one option you can use.
Remember the talk about learning how to use coffee makers, phones and typewriters? Well, you’ve probably used an ATM to do your banking. And because of its familiar interface, most people find that purchasing their first crypto through a Bitcoin ATM is the easiest and fastest way to do it.
In fact, we have verified feedback from seniors, women and other demographics you wouldn’t necessarily label as “tech-savvy” who said it was super easy to buy Bitcoin this way. You just follow the prompts to enter your phone number, insert cash, scan your digital wallet, and voila! You own Bitcoin. You can sell it the same way, too, in which case the machine dispenses cash.
If you don’t have a digital wallet, like through one of those online exchanges we mentioned, the easiest way to receive funds from the BTM is to use the Coin Cloud Wallet app. You don’t have to type in any long, complicated numbers — just scan the QR code.
If you care about your privacy, you’ll be happy to know that you can get started at a Coin Cloud Bitcoin ATM with just a mobile phone number. And you can buy as little as $1 worth of bitcoin, which is a great way to experience your first purchase without worrying about losing funds. Once you get the hang of it, you can buy more, and raising the initial limits only requires your drivers’ license — no banking information and no other personal data.
The other great thing about using a Coin Cloud Bitcoin ATM is the live customer service team, ready to answer your questions and help you make your transaction if you get stuck. Most people don’t have to call, but it’s nice to know you can speak to a live person if you need to.
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.
When You Buy $150 or More at Any Coin Cloud DCM
Use promo code COINCLOUD at the machine
Enter your email for updates, promos, and more ...