A Pew Research Center report revealed that right around 16% of Americans have bought Bitcoin or some other kind of cryptocurrency in recent years. If you’re among them, then you’re probably already well aware of how to buy Bitcoin.
But if you haven’t ever gone through the process of buying Bitcoin and you’re interested in doing it, we’re here to help. We’ve created a Bitcoin guide that will help you purchase this particular type of crypto in no time at all by simply Googling “bitcoin kiosk near me” and going from there.
After you’ve successfully invested in Bitcoin once, you’ll start to see what the hype is all about. It won’t be long before you’re buying and selling it on a regular basis.
Discover how to buy Bitcoin through a Bitcoin kiosk below.
Begin by Making Sure You Understand What Bitcoin Is
What is Bitcoin? If you don’t know the answer to that question, you’re going to need to find out what it is before you buy any Bitcoin.
Bitcoin was the very first form of cryptocurrency ever founded. It was put into use back in the late 2000s, and ever since then, it has steadily become more popular each year.
If you’re buying crypto for the first time, you’ll likely want to start with Bitcoin since it’s considered the most stable form of crypto. Although its price has fluctuated quite a bit in recent months, it isn’t as volatile as other forms of crypto.
You should seek to discover what is the difference between Bitcoin and other types of crypto to make sure it’s the right crypto for you to buy. But more often than not, you will find that it is.
Google “Bitcoin Kiosk Near Me” to Find a Bitcoin ATM
After you’ve done your research on Bitcoin, you should have a better idea as to whether or not you would like to buy it. If you determine that you do, in fact, want to purchase Bitcoin, getting to a Bitcoin kiosk would be a great idea.
As of right now, there are plenty of Bitcoin ATMs operating throughout the country. There are more than 34,000 of them, and there are always new ones being installed all the time.
You’ll be able to figure out where Bitcoin ATMs are in your area by Googling “Bitcoin kiosk near me.” It isn’t uncommon to find Bitcoin ATMs in places like restaurants, gas stations, convenience stores, and more.
Just be sure that you track down a Bitcoin ATM that is owned and operated by a company that you know you can trust. With Bitcoin becoming as popular as it has, there are lots of companies trying to cash in on the crypto craze right now. You don’t want to end up relying on a company that isn’t going to provide you with an excellent experience.
Sign Up for an Account Right at a Bitcoin ATM
Once you’ve located the Bitcoin ATMs in your area, you should head down to the one that’s in the most convenient location for you. When you arrive, you will need to create an account at a Bitcoin ATM to begin using it.
There are lots of rules and regulations in place when it comes to buying and selling Bitcoin and other forms of crypto. For this reason, you’re going to need to share a bunch of personal details when you create an account at a Bitcoin ATM and present a photo ID.
Don’t worry, you’ll only need to do this once when you first decide to buy or sell Bitcoin at a Bitcoin ATM. But it is going to be a necessary part of the process.
Check Out the Price of Bitcoin at the Moment
The price of Bitcoin is always moving up and down throughout the course of the day. It doesn’t usually change too dramatically on a minute-by-minute basis, but there will be highs and lows that you’ll need to be aware of before buying Bitcoin.
Right before you’re ready to purchase Bitcoin, you should see where the price of it is at. If the price just spiked an hour ago, you may want to give it some time and wait for the market changes to slow down before you buy Bitcoin.
At the same time, you might want to strike while the iron is hot if the price of Bitcoin just took a big dip. You may be able to turn a profit if you buy Bitcoin when the price is low and then it comes up shortly after.
Decide How Much Bitcoin You Would Like to Buy
Would you like to buy $10 worth of Bitcoin, or are you looking to invest hundreds or even thousands of dollars into Bitcoin? Either way, you’re going to need to determine how much Bitcoin you would like to buy before proceeding.
Generally speaking, you should start off slow when you’re first buying Bitcoin so that you can get the hang of the cryptocurrency market. You don’t want to spend your life savings on Bitcoin and try to learn about how it works on the fly.
By investing just a little bit of money into Bitcoin, you’ll give yourself time to learn about buying and selling crypto as a whole. Keep this in mind when you’re shopping for crypto for the first time.
Download a Cryptocurrency Wallet to Hold Bitcoin
When you buy Bitcoin, you’re going to need to have something to hold it in. More specifically, you’ll have to get your hands on a cryptocurrency wallet that is designed to keep Bitcoin safe.
A crypto wallet is a digital wallet that you will control. You’ll have the only key for it, and you’ll need to protect that key to stop anyone else from being able to get access to the crypto that you buy.
You’ll also get a special address that you can use to receive crypto. You will need to provide this address to a Bitcoin ATM so that you’re able to have Bitcoin sent to you.
Most crypto wallets will come with QR codes that you can scan right at a Bitcoin ATM. It’ll make it so simple for you to have Bitcoin sent in your direction after you buy it.
Insert Cash Into a Bitcoin ATM to Buy It
The beauty of using a Bitcoin ATM to buy Bitcoin as opposed to buying it in some other way is that it’ll allow you to convert cash into Bitcoin on the spot. You can insert cash into a Bitcoin ATM and arrange to have Bitcoin sent to your crypto wallet.
All you’ll need to do is let a Bitcoin ATM know how much Bitcoin you want to buy, stick your cash into the machine, and tell the machine where you want your Bitcoin sent. This process will play out in a matter of just a few minutes and leave you with the Bitcoin that you were looking for at the beginning.
Keep Bitcoin in Your Crypto Wallet for Safekeeping
As long as you’ve followed 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 with it next.
Some people will use Bitcoin to make purchases at physical stores and online retailers that accept crypto payments. Others will hang onto Bitcoin in the hopes of its price spiking and then sell it when they’re able to make a profit.
It all depends on what you want to do with your Bitcoin. Once it’s in your crypto wallet, it’s going to be yours to keep. No one will be able to get into your crypto wallet without the key to it. It’s why it’ll be so important for you to keep tabs on this key at all times.
Buying Bitcoin Is a Lot Easier Than You Might Think
If you haven’t ever bought Bitcoin before, buying it for the first time can be slightly intimidating. You might not know what you’re doing when you walk up to a Bitcoin ATM.
But after you Google “Bitcoin kiosk near me” and find the right Bitcoin ATM, you should be able to pick up on how to buy Bitcoin at a Bitcoin ATM quickly. You’ll be breezing through the Bitcoin buying process in a hurry.
Get more tips on buying and selling cryptocurrency by reading through some of the other articles posted on our blog.