A Pew Research Center report shows that about 16% of Americans have bought Bitcoin or other cryptocurrencies in recent years. If you are among them, then you already know very well how to buy Bitcoin.
But if you’ve never gone through the process of buying Bitcoin and are interested in doing so, we’re here to help. We’ve created a Bitcoin guide that will help you navigate through this particular type of cryptocurrency in no time at all with a “bitcoin kiosk near me”.
Once you’ve successfully invested in Bitcoin, you’ll start to see what the hype is all about. It won’t be long before you’re buying and selling it regularly.
Discover ways to buy Bitcoins through the Bitcoin kiosk below.
Make sure you understand what Bitcoin is
What is Bitcoin? If you don’t know the answer to this question, you should find out what it is before you buy any Bitcoin.
Bitcoin was the first form of cryptocurrency ever established. It was launched in the late 2000s and has steadily become more popular every year since then.
If you’re buying cryptocurrency for the first time, you’ll probably want to start with Bitcoin, as it’s considered the most stable form of cryptocurrency. Although its price has fluctuated somewhat in recent months, it is not as volatile as other forms of cryptocurrency.
You should try to learn the difference between Bitcoin and other cryptocurrencies to make sure it is the right one for you. But more often than not, you’ll see it happen.
Google “Bitcoin Kiosk Near You” to find a Bitcoin ATM
After doing your research on Bitcoin, you should have a better idea of whether or not you want to buy it. If you decide that you do, in fact, want to buy Bitcoin, it would be a great idea to visit a Bitcoin kiosk.
Currently, there are many Bitcoin ATMs operating across the country. There are over 34,000 of them and new ones are being installed all the time.
You will be able to find out where Bitcoin ATMs are in your area by Googling “bitcoin kiosk near me”. It is not uncommon to find Bitcoin ATMs in places like restaurants, gas stations, convenience stores, and more.
Just make sure you track down a Bitcoin ATM that is owned and operated by a company you know you can trust. With Bitcoin becoming as popular as it is, there are now many companies trying to cash in on the cryptocurrency craze. You don’t want to trust a company that won’t provide you with a great experience.
Register for an Account Directly at Bitcoin ATM
After locating Bitcoin ATMs in your area, you should go to the one that is most convenient for you. When you arrive, you need to create an account at a Bitcoin ATM to start using it.
There are many rules and regulations regarding buying and selling Bitcoin and other forms of cryptocurrency. For this reason, when you create an account at a Bitcoin ATM and provide a photo ID, you will need to share some personal information.
Don’t worry, when you decide to buy or sell Bitcoin at a Bitcoin ATM, you only have to do it once. But it will be a necessary part of the process.
Check the price of bitcoin right now
The price of Bitcoin always goes up and down throughout the day. It usually doesn’t change too dramatically on a minute-to-minute basis, but there will be highs and lows that you should be aware of before buying Bitcoin.
Before you are ready to buy Bitcoin, you need to see where its price is. If the price just went up an hour ago, you may want to give it some time and wait for the market swings to slow down before buying Bitcoin.
At the same time, if the price of Bitcoin just takes a big dip, you might want to strike while the iron is hot. If you buy Bitcoin when its price is low and it pops up shortly after, you can make a profit.
Decide how much Bitcoin you want to buy
Would you like to buy $10 worth of Bitcoin or invest hundreds or even thousands of dollars in Bitcoin? Either way, you’ll need to determine how much Bitcoin you want to buy before proceeding.
In general, you should start slow when buying Bitcoin for the first time so that you can learn the cryptocurrency market. You don’t want to spend your life savings on Bitcoin and trying to learn how it works.
By investing some money in Bitcoin, you will give yourself time to learn about cryptocurrency trading as a whole. Consider this when buying cryptocurrency for the first time.
Download a cryptocurrency wallet to store Bitcoin
When you buy Bitcoin, you will need something to store it. More specifically, you will need to get hold of a cryptocurrency wallet designed to keep your Bitcoin safe.
A crypto wallet is a digital wallet that you will control. You will have a unique key for this, and you must protect this key to prevent anyone else from accessing your purchased cryptocurrency.
You will also get a private address that you can use to buy cryptocurrency. You must submit this address to a Bitcoin ATM to have Bitcoin sent to you.
Most crypto wallets will come with QR codes that you can scan directly at a Bitcoin ATM. It will make it easy for you to send your Bitcoin once you receive it.
Deposit cash into a Bitcoin ATM to buy it
The beauty of using a Bitcoin ATM to buy Bitcoin, as opposed to buying Bitcoin any other way, is that it will allow you to convert the cash into Bitcoin on the spot. You can deposit cash into a Bitcoin ATM and arrange for Bitcoin to be sent to your crypto wallet.
All you have to do is tell the Bitcoin ATM how much Bitcoin you want to buy, put your money in the machine and tell the machine where you want the bitcoin to be sent. This process will take place in a few minutes and leave you with the Bitcoin you were looking for in the first place.
Keep your Bitcoin in your Crypto Wallet for security
As long as you follow all the steps we’ve provided you with here, you should be left with Bitcoin sitting in your crypto wallet. You should leave it there until you decide what to do next.
Some people will use Bitcoin to make purchases in physical stores and online retailers that accept crypto payments. Others will hang on to Bitcoin in the hope that it will rise in price and sell it when they can make a profit.
It all depends on what you want to do with Bitcoin. Once it’s in your crypto wallet, it’s yours. No one will be able to access your crypto wallet without a key. Therefore, it will be very important for you to follow this key at all times.
Buying Bitcoin Is Easier Than You Think
If you’ve never bought Bitcoin before, buying it for the first time can be a little scary. When you walk up to a Bitcoin ATM, you don’t know what you’re doing.
But once you Google “Bitcoin kiosk near me” and find the right Bitcoin ATM, you should be able to quickly learn how to buy Bitcoins at a Bitcoin ATM. You will go through the process of buying Bitcoin in a hurry.
Get more cryptocurrency trading tips by reading some of the other articles posted on our blog.