Using ATM Bitcoin with Bitcoin Cash

September 28th, 2018

Using ATM Bitcoin with Bitcoin Cash

Most crypto enthusiasts have some knowledge when it comes to Bitcoin cash even if you are new to digital currency. In fact, Bitcoin Cash is cheaper and very safe to use. Because of the increase in demand, ATM Bitcoin are popping up all over the country and are offering Bitcoin Cash for sale as well. With Bitcoin Cash it is easier to make a number of transactions on the Blockchain when compared to the Bitcoin blockchain.

When you consider Bitcoin cash compared to Bitcoin, you can easily see that it is more advantaced and cheaper. Bitcoin cash transactions are done with great speed and are also scalable. This is why more and more ATM Bitcoin are offering Bitcoin Cash. It may seem that Bitcoin Cash isn’t as well known as its counterpart but it is becoming more mainstream in the market. To compete with other ATM Bitcoin operators, most are choosing to offer Bitcoin Cash as part of the cryptocurrencies they sell.

Why is Bitcoin so popular?

Bitcoin is growing daily in popularity. Almost everywhere you walk you hear consumers talking about cryptocurrency. But it is not the only digital currency being talked about anymore! Other coins, known as altcoins, are gaining momentum. Digital enthusiants have given Bitcoin “gold” status in the cryptocurrency market with almost 44% of the market share. When you hear cryptocurrency, most people immediately think about Bitcoin.

Most Adopted Cryptocurrency

Since its rise in demand, Bitcoin and Bitcoin Cash are becoming widely sold throughout multiple Bitcoin Exchanges and ATM Bitcoin. Merchants are even selling their services with Bitcoin and offering products in exchange for cryptocurrency. Users can invest in Bitcoin just how they can invest in stocks or bonds.

How to Use the ATM Bitcoin

ATM Bitcoin is used to buy Bitcoin with cash. They are simple to use, and are located in most major cities. Soon, ATM Bitcoin will be even more popular and maybe even one day be on every corner like a regular ATM. These machines take a customer’s cash and print out a receipt with a QR code, which the user must scan to transfer the Bitcoin to their mobile wallet. The QR code helps keep the security of Bitcoin. Some ATM Bitcoin machines now offer other altcoins as well such as Ethereum, Litecoin and Bitcoin Cash.

The functionality of ATM Bitcoin

The demand for opening these ATM Bitcoin will surely increase as Bitcoin makes it easy to send money to anyone across the world without restrictions. These machines allow users to buy or sell Bitcoin and other cryptocurrencies for fiat but are very secure and  expensive. There are many people who choose to send money with these machines. You can see these ATM Bitcoin pop up in your local gas stations or convenience stores.

When you want to sell your Bitcoin for cash then you can go to a two-way ATM Bitcoin. These machines aren’t as widespread but still exist in some locations. You will need your wallet to scan and then select the amount you wish to sell for cash. Depending on the machine, the number of confirmations will vary for the completion of the transaction. Check online for the location of an ATM Bitcoin near you.

This disclaimer informs readers that the views, thoughts, and opinions expressed in the text/sponsored content belong solely to the author, and not necessarily to Bitcoin of America, organization, committee or other group or individual. All investments are at your own risk and should be done after careful research.

 

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