If you are looking for a quick and easy way to purchase or sell Bitcoin in a physical space, the ATM for Bitcoin in Miami might be the best option for you. In most cases, you can buy Bitcoin using fiat money and some machines also allow you to sell it, as well. This provides a way for individuals to gain access to Bitcoins even if they do not hold a bank account.
Who Bitcoin ATMs Cater To
In addition to those who do not use banks, a Bitcoin ATM is also ideal for anyone who is not technologically savvy. Some people prefer an ATM for Bitcoin in Miami because of the extra privacy that is available with the method. While a few years ago, there were only a few Bitcoin ATMs, that number has jumped by leaps and bounds and now numbers in the thousands.
How to Use a Bitcoin ATM
The first thing you will want to do is find a Bitcoin ATM near you. Most companies that offer these ATMs will have a search on their website to make this quick and simple. At this point, you can visit the location to make the purchase or sale.
Your machine may allow only purchase or both purchase and selling of Bitcoin. It depends largely on the manufacturer of the ATM. In most cases, you will be required to buy the Bitcoin using fiat money. What this means is that you use the legal tender of your country to purchase Bitcoin. So, for those in Miami, this means you purchase it using dollars.
Machines will vary in terms of how much information you must provide to buy the Bitcoin. You may need to provide identification information or your phone number. The reason this is required is to meet any compliance requirements of your country. It also works to ensure your Bitcoins are safe and secure.
The Bitcoin ATM will look much like a regular Atm. You may need to punch in your phone number. After you verify using a password, you can now purchase the Bitcoin you need. In some cases, there may be a scanner that is used to scan your passport or driver’s license.
Purchase Bitcoin in Miami
If you’re looking to purchase Bitcoin through an ATM in Miami, consider working with RockItCoin. We offer multiple locations and make the process straightforward. If you want to learn more or locate an ATM, you can visit us online.
