ATMs For Sale – Cryptocurrency The cryptocurrency wave is grabbing hold of the nation, and Cryptocurrency ATMs are becoming the next big thing. There are Cryptocurrency ATMs for sale all across the country. However, if you’re considering buying or leasing one, there are some things you need to know. What is Cryptocurrency anyway? A cryptocurrency is a form of digital money that is available in tokens. You can’t put in your wallet as you do with Cash, and you can’t collect in a jar as you do with coins. That kind of money needs a bank and is backed by gold. Cryptocurrency is digital, it is not supported by gold, and it doesn’t need a bank. It lets people pay one another or businesses through online transactions. Cryptocurrency’s worth comes from its market value. In other words, it’s similar to commodities like wheat, corn, and soybeans, or similar to metals like copper, silver, or gold, or a lot like oil. Their value comes from supply and demand economics. The higher the supply, the lower the value, and the higher the demand, the higher the value. Is there just one Cryptocurrency? No. There are hundreds of cryptocurrencies throughout the world. The most popular Cryptocurrency include:  Bitcoin  Ethereum  Ripple  Bitcoin Cash  Cardano  Litecoin Like the stock market, bitcoin’s value varies daily and goes up and down like a seesaw. Cryptocurrency uses something called blockchain technology to record all of its transactions in multiple places. This database records every cryptocurrency transaction onto a public ledger. Source: (Kids News explainer: what is Cryptocurrency? | KidsNews) A cryptocurrency ATM is not like an ATM that dispenses cash. They typically only allow you to deposit money (Cash or checks) to purchase cryptocurrency digital tokens. The digital tokens are then added to your digital wallet. On the other hand, the ability to sell your cryptocurrency digital tokens is becoming more popular. In order to withdraw Cash from a cryptocurrency ATM, you must sell your Bitcoin. It’s easy to follow the ATM prompts, get a Quick Response (QR) code, and get your Cash. Although it may take several minutes, you’ll be able to take Cash from the tray once the transactions are approved. A digital wallet is a software, online service, or smartphone that gives you or your business the ability to conduct transactions digitally. Some people use terms like the digital wallet, e- wallet, and virtual wallet interchangeably. Source: (https://www.investopedia.com/terms/b/bitcoin-atm) Cryptocurrency buyers use their mobile devices to scan a QR code displayed on the cryptocurrency BTM screen. The QR code corresponds to their digital wallet, where the digital tokens are deposited. After the digital token purchase, a record of the transaction appears in your digital wallet. The BTM may also request your mobile number so you can enter a verification code sent to your phone. Depending on the transaction amount, the BTM may require you to scan a valid government-issued ID card in order to complete the transaction. The ATM operator, who is registered with the US treasury departments Financial Crime Enforcement Network (FinCEN), sets limits on Bitcoin purchases. These registered operators follow anti-money laundering regulations set forth by the Bank Secrecy Act. BTM fees are charged as a percent of the total transaction rather than a dollar amount. It is not unusual to see higher than average surcharge fees when using a BTM. Source: (Bitcoin ATM Withdrawal Guide | Sell Bitcoin & Withdraw Cash (hermesbitcoin.com) ATMs for sale with Cryptocurrency like Bitcoin are available nationwide, and using a Bitcoin ATM or BTM to buy and sell digital tokens is relatively simple. As a matter of fact, there are many deployed worldwide and are found in most major US cities. There are more than 33,000 BTMs or cryptocurrency-ready ATMs across the US. Source: (Bitcoin ATM United States – find bitcoin machine locations (coinatmradar.com) Are cryptocurrency ATMs or BTMs safe? The short answer to this question is a simple yes. Cryptocurrency transactions are protected by several levels of encryption and are difficult to hack. However, criminals are constantly discovering new ways to steal your hard-earned money. BTMs are typically deployed away from banks and financial institutions, meaning they are located in areas with high criminal activity. Actually, due to the difficulty of tracing cryptocurrency transactions, criminals are using it and the BTMs to launder money. Additionally, some thieves have been known to forcefully make cryptocurrency owners transfer their digital tokens into the accounts of criminals. So, many of the same safety precautions that exist for ATMs also pertain to BTMs with one addition. Always keep your digital wallet access code a secret, even from your family. Source: (How Safe are Bitcoin ATMs? CoinFlip Explains | CoinFlip Bitcoin ATM) When searching for ATMs for sale, look for an ATM with cryptocurrency capability. Bitcoin ATMs or BTMs are going to be the next big thing.