Meta Description: Do you want to buy bitcoin but don’t fully trust online exchanges? Look no further as we introduce the Australian Bitcoin ATM for your convenience.
Australian Bitcoin ATM, Where You Buy Bitcoin With Cash
The world is moving forward with bitcoin, and some companies accept bitcoin as payment, and others are starting to pay their employees in bitcoin. For example, the NBA team, The Sacramento Kings, said they want to receive their salaries in bitcoin now. How amazing is that? We are moving into a future where everything we know about currency will change. Because we are so passionate about all aspects of the crypto space, we decided on something extraordinary. Introducing the Australian bitcoin ATM where you don’t have to use online banking or your debit/credit card anymore to buy crypto. With this machine, you can purchase bitcoin using just cash and depositing it straight into your wallet.
Benefits Of a Bitcoin ATM in Australia
Having bitcoin ATMs in Australia will change the way we see crypto. It used to have such a stigma behind it, but all of that is about to change, and with the BTC ATM, everyone will feel much more comfortable buying bitcoin. Gone are the days of having to stress every time you log into an online exchange, hoping that nothing will go wrong.
· The steps to follow to buy your bitcoin are straightforward. Add your name, email, phone number on the machine, take a picture of your ID to verify that you will be the buyer. Please keep in mind that safety is our main concern. After you have done all that, you can deposit the cash into the machine, select how much bitcoin you want to buy and then scan your wallet's QR code to receive the funds straight into your wallet.
· Having a Bitcoin ATM is beneficial as you don’t need internet access to buy bitcoins. You only need to find an ATM, and off you go.
· You will also receive receipts just like with a regular ATM, although it won’t be necessary because you'll have the transaction logged into your wallet.
· Seeing as Bitcoin is decentralised, the fees you will have to pay are much lower than any banking fees, and lastly, it’s something physical you can touch, and many people feel much more comfortable around that.
What Is a Bitcoin ATM Card?
It works almost the same way a standard debit card works, but instead of fiat currency, you transfer bitcoin onto it. There are two different types of cards, and you can choose a virtual card or select a physical card. The one you choose will depend on your spending habits.
· Virtual card. If you are someone who mainly shops online, this is the card for you. You can acquire this card through a company that produces them. By creating an account, you will be able to receive your card. A virtual card is also the cheaper option between the two.
· Physical card. This card is precisely what it says. It’s the same as the debit card you receive from your bank. You can acquire this card the same way as you did the virtual one, except the fees are a bit more expensive, but you will be able to use this at any shop and ATM, and you will be able to draw BTC cash, meaning you’ll receive fiat currency in exchange for your bitcoin.
· Usage. How it works when you want to use the card to buy something from a shop or online. You deposit the bitcoin onto your card, and then the card will automatically exchange the bitcoin to standard fiat currency, and you can buy something. Still, you can only load the card with bitcoin through your wallet, not through a regular banking app.
Always make sure the company you get the card from is linked with your wallet.
About Coinguide BTM Machines Sydney
We have been involved in the crypto space since 2014 and since then we have gained the knowledge to help you on your way to the crypto club. We believe in educating our clients on the importance of crypto and how to use it wisely. As an AUSTRAC regulated company, you can buy bitcoin with confidence. We believe in the protection of privacy which is why we will protect yours. Contact us today or send us a message via the online enquiry form for more information.
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