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Cryptobase Reveals That Transacting Over Its Bitcoin ATMs Trumps Those Over Crypto Exchanges
Leading U.S Bitcoin (BTC) ATM provider Cryptobase believes you should ditch your regular crypto exchanges for its ATMs. According to the firm’s Chief Operating Officer Michael Telvi, their ATMs ease transacting in Bitcoin and other digital assets.
Mr. Telvi said that Cryptobase’s ATMs enabled you to trade seamlessly by using your phone and cash. To locate one, you first search for a Bitcoin ATM Near Me. After that, you’ll complete the transaction by following a few easy steps.
Buy Your Cryptos Directly
He further insisted that transacting over crypto exchanges took longer. This is owing to the various identification stages you’d go through to complete them.
The Cryptobase ATM again allows you to buy cryptos from its website directly. You’re in charge of the transactions all the way.
Moreover, you can use cash on the ATMs, unlike when transacting through websites or exchanges. In the latter cases, you’d require one of a credit, debit, or bank account.
Choose From A Variety Of Denominations
You can trade in all denominations starting from $1 to $100. Currently, the ATMs accept cash only for Bitcoin, Litecoin, Ethereum, and Bitcoin Cash purchases.
This insistence on cash transactions is for your convenience. Cash payments are safer compared to cards. In addition, you don’t have to worry about compromising your details with them, as may happen with online card transactions.
Before transacting, you need to install the Cryptobase wallet or any wallet app on your phone. From there on, you can transact easily.
You begin by selecting the cryptocurrency you’d like to buy. Then you tap on the ‘Request’ option on your digital wallet. This will reveal your QR receiving code.
You’ll then receive a prompt to scan your wallet’s QR code. Scan the code by placing it under the ATM’s scanner.
To complete the transaction, you must place the cash for the transaction in the cash receptor. Then, press the ‘Finalize transaction’ tab to exit the setup. The transaction completes when you’ve followed all the steps correctly.
10 Minute Transaction Times
After completing the process and confirmations, you will receive your BTC in 10 minutes. Of course, the pace of completion will depend on the type of wallet you’ve chosen.
Cryptobase ATM is a novel way of trading BTC and other cryptos simply. It has over 100 locations in the U.S. In addition, ATMs allow you to trade BTC via your phone for as little as $20.