Bitcoin has become a huge hit in the last two years. Of course, this doesn’t mean that buying and selling Bitcoins is very easy now. On the contrary, you need to spend some time learning more about the trading options you have.
If you live in Canada, you should know that there are dozens of Bitcoin ATMs all over the country where you can convert Bitcoins. They represent physical machines that people can use to purchase and sell Bitcoins. Of course, you can also use online Bitcoin exchanges and other solutions. Now let’s see why someone would want to use a Bitcoin ATM in Canada instead of these other solutions.
First and foremost, this is by far one of the fastest methods to sell and buy Bitcoins in Canada. Keep in mind that there are different types of ATMs, but the vast majority of these machines work really fast. In some cases, you can finish the transaction in less than 15 seconds. The ATM will scan the unique bitcoin address QR code, you will get a chance to add banknotes and simply press send. This is all it takes to finish a process like this. If you are doing this for the first time, it will be very likely that you will need additional verifications, but remember that all these things are here to protect you.
Another reason why so many people in Canada are using ATMs is the fact that they provide anonymity as well as security. Namely, you are in touch with the machine all the time and there is no middleman to support this process. Now compare this process to using sites like Localbitcoins. We can all agree that these tete-a-tete exchanges can be very dangerous because you never know who you are dealing with.
Furthermore, with Bitcoin ATMs, you don’t have to worry about the long registration processes that some online exchanges require. Everything can be finished quickly and without any hassles. Even though you will have to go out of your home to complete the transaction, we have already mentioned that more and more Bitcoin ATMs are presented every day. So, it’s very likely that you have access to at least one of them that is located close to your home.
The fees involved in this process may be a downside, but the benefits outnumber the downsides.
🇨🇦$14.22 CDN 🇨🇦
— Canada Crypto Shop (@Crypto_Shop) 24 de febrero de 2018