Why Texas Bitcoin ATMs Are the Future of Crypto
Everything’s bigger in Texas and Texas Bitcoin ATMs are making a splash in the cryptocurrency market. As the popularity of Bitcoins rises, users want fast and convenient access to cryptocurrency no matter where they are, and they need Bitcoin ATMs to get it. Keep on reading to learn more about how Texas Bitcoin ATMs are taking advantage of the crypto boom.
Why Bitcoin Is the Preferred Cryptocurrency
Technology is the driving force behind incorporating cryptocurrency into the world’s economy. In this new digital currency age, Bitcoins are quickly becoming the preferred means to facilitate online transactions. Gone are the days when cryptocurrency was held by the select few. Now, it is so widely accessible that even your grandparents can start their journeys in Bitcoin trading. From techies to newbies, everybody is grabbing their Bitcoin wallets and starting to hop into the great Bitcoin exchange. As the oldest cryptocurrency, Bitcoin has more users and more exchanges conducted on more software and programs through secure networks than any other cryptocurrency. Don’t believe it? Check out this article that compares the likes of Ethereum and Litecoin to Bitcoin. For more information, here are some of the benefits to using Bitcoins, as opposed to other digital currencies:
Anonymity - Bitcoin traders can keep their identities a secret while performing Bitcoin transactions. Personal bank accounts do not have to be linked and transactions are completed to alphanumeric addresses that do not bear the user’s name or physical address. Also, users can choose to use a cold wallet not attached to any network and nearly impenetrable to hackers.
Decentralized Currency - Bitcoin is called a decentralized currency. It is not regulated by government entities to limit its value or production. Bitcoins are not facilitated through a national bank and it is the job of blockchain technology to monitor all virtual transactions. This autonomy allows users complete control over their money and how they choose to exchange it. It shields users from the effects of the potential of bad faith financial institutions or government incompetence.
Specific Fees - One of the benefits that users enjoy from using Bitcoins is no withdrawal or deposit banking fees. There is no account maintenance fee or deposit fees. Users must only pay the cost of a mining fee. This fee is associated with the cost to have miners process Bitcoin transactions and impacts the time it takes to process these transactions. When utilizing Pelicoin’s Texas Bitcoin ATMs, it is important to understand the fees associated with your transactions, which is why Pelicoin created this guide to explain Bitcoin ATM fees.
Convenience - The most obvious feature of using Bitcoins and a Bitcoin ATM. Users can send or receive Bitcoins with the touch of a button and a smartphone. In the state of Texas, transactions can happen wherever traders see a Texas Bitcoin ATM. This means even in places without access to a banking system.
Pelicoin, The Preferred Texas Bitcoin ATM
Pelicoin is one of the most secure Bitcoin ATMs in the great state of Texas. With locations all over the Lone Star State and beyond, Pelicoin serves as the fastest way to turn your cash into Bitcoin. Here are a few reasons Texas Bitcoin traders have decided to take advantage of one of these spectacular machines:
Security - According to this Bloomberg Wealth article, Bitcoins are tipping their hats towards legitimacy in the financial sector. While blockchain is a public ledger, its transactions are completely anonymous and as mentioned above, this anonymity is a strong justification for Bitcoins’ popularity today. However, as the currency becomes more widely used, technology is constantly adapting in attempts to regulate and validate its use as a means to authenticate Bitcoin transactions. By requiring that users have their I.D.s, Pelicoin’s authentication process is one of the safest ways to secure a transaction. Users know they are engaging in a transaction with a reputable company. For more information about why Bitcoin ATMs require identification, here is an insightful article on the matter.
Accessibility - The time to buy Bitcoin is now. Bitcoin ATMs have the ability to take your hard earned cash and turn it into Bitcoins almost instantly. Bitcoins can be sent all over the world for little or no cost, unlike traditional currencies. Investors are ready to strike while the cryptocurrency iron is hot and Bitcoin traders around the Lone Star State are seeking ways to profit off the Bitcoin exchange. Vendors are more widely accepting Bitcoin as a form of payment for goods and services, so users need access to their Bitcoins immediately. That’s why Texas Bitcoin ATMs, like Pelicoin, spread the use of cryptocurrency at their access points and connect traders to the market.
Speed - Pelicoin is one of the fastest Texas Bitcoin ATMs. For more details on how long it takes to use a Bitcoin ATM, Pelicoin has outlined some key factors that contribute to usage times. Pelicoin pays the mining fee on the user’s behalf, using transaction fee targeting to try to expedite Bitcoin transaction to be completed in 30 minutes or less. Although the speed of a Bitcoin transaction relies heavily on the amount of traffic on the network at the time of the transaction and the speed at which the Bitcoin miners process the transactions, Pelicoin ATMs complete secure exchanges in record time.
To learn more about the fastest, safest, and most Texan Bitcoin ATMs ‘round these parts, give us a call at 855-PELICOIN or stop by one of our many locations today.