Never used a Bitcoin ATM before? You are likely to have security concerns about using these machines. What if you insert cash bills and the money doesn’t get reflected on the screen? Can you retrieve your money?
These are questions that are likely to hold you back from using Bitcoin kiosks. But, the truth is, it is completely safe to use a Bitcoin ATM near you. It’s more convenient and transactions will be speedier.
So, if you are already using cash ATMs in Arizona, why not search online for a “Bitcoin ATM in Arizona” near you? They work just like cash ATMs except that you can buy and sell crypto coins through these.
What makes Bitcoin ATMs so popular today?
Today, you are likely to find Bitcoin ATMs in different places like malls, cafes, and gas stations. Does this mean more people have started using these machines? Probably yes because now we know more about how these work and why they are safe for transactions.
To know how to buy or sell Bitcoins, you can refer to online guides and tutorials. All you need to have with you are your phone and a wallet downloaded onto it. The machine displays easy-to-follow prompts on its screen and you can buy or sell your Bitcoins seamlessly.
Where to find Bitcoin ATMs near you:
Given that there are now more than 7000 BTMs globally, Bitcoin transactions can be made from different states in the US. If you intend to buy coins other than BTC, you can choose from as many as 20,000 crypto ATMs. This means it shouldn’t be a problem to locate a machine if you were to type for a “crypto ATM near me”.
Most crypto ATM directories will provide you with interactive maps displaying the exact locations of machines near you. But, all said and done, be sure these are legit and you won’t get scammed in the process.
How to be safe during crypto transactions?
ATMs may be the most dependable and secure way of transferring digital assets if you don’t have ample banking services in your area. But a lot of these machines are installed in areas that have criminal activities. So, these remain largely unregulated. Criminals use these to convert illegal fiat money into Bitcoins.
If this happens, you are likely to wonder whether Bitcoin ATMs are safe for you. Is it possible to get crypto-jacked if you are planning to buy or sell crypto coins? Can the machines be hacked?
Unless machines are installed in places that are prone to criminal activities, you shouldn’t have an issue transacting your assets. You need to check whether the neighborhood is known for gang activities or has zero regulations where cryptos are concerned.
If the processing rates are very high but crypto use is low, then this is a possible sign of money laundering.
As far as hacking goes, even if there is malware to hack a machine, it would put the ATM owners at risk. As a user, you will have nothing to worry about. There have been previous claims of such malware but investigations revealed these to be scams.
So, if you are new to crypto ATMs but interested in using this technology, feel free to find one near you in Arizona.