Florida has a growing number of Bitcoin enthusiasts, and it is clear that that tribe is increasing. The significant increase in BTC ATMs in and around Florida is a clear sign of the growing interest in this iconic digital currency. Recent surveys point out around 2300 Bitcoin ATMs in Florida, and those numbers are going northwards steadily.
Bitcoin ATMs are designed to ease the process of buying and selling BTCs and other types of cryptocurrencies. While they are named ATMs or Auto Teller Machines, they function in a manner that’s entirely different from a traditional ATM. BTC ATMs are not connected to any banking system of the institution. It is operated by independent businesses.
How to Locate Bitcoin ATM near You
When you want to buy Bitcoin, the first step is to find a crypto ATM near your location. In Florida, you will have no problem locating a Bitcoin ATM near you because there are many of them installed at all the prime locations in the state. If you are still not able to find one, simply search online for ‘Bitcoin ATM near me’, and you will be guided to the nearest kiosk.
Now that you have found the crypto ATM, the next step is to have a wallet in your phone for receiving the Bitcoin. There are many wallets available, but it’s better to check if the ATM you are using has any suggestions on this matter. Some BTC ATMs work better with specific wallets. Otherwise, you may face compatibility issues. However, in most cases, universal BTC wallets work across all types of Bitcoin ATMs.
Steps to Buying BTCs
After downloading the Bitcoin wallet on your phone, you are ready to buy BTCs using a Bitcoin ATM in Florida. The buying process may vary slightly from one brand of ATM to another. However, some basic steps are the same for all the machines.
- Verify your phone number with the code received from the machine
- Read the instructions on the ATM screen
- Type in the value of Bitcoin you want to purchase
- Enter the cash into the slot provided
- Scan the QR code of your wallet to receive the Bitcoin
After the BTC is downloaded successfully in the wallet, you will receive a message confirming the transaction. Soon you will get the coins in your wallet.
You Can Also Sell Your Bitcoin through ATMs
You can also use the BTC ATM to sell your bitcoin and receive cash. However, not all BTC ATMs are designed for two-way transactions. Most of the BTC ATMs in Florida are designed for buying ATMs. If you want to do a two-way transaction, make sure you check if the facility is available on the machine before you start the process.
BTC ATMs have revolutionized the way Bitcoins transactions are conducted in Florida and across the United States. It is a simple, secure, and faster way of adding more coins to your collection. BTC ATMs are definitely more efficient and safer to use than the crypto exchanges where your personal and banking details are not secure.
Haley Hayward is an experienced writer at financemag7.com, where she’s credited with more than 200 articles covering everything from entrepreneurial stories to mental health at work.
She also oversees the Comment&Questions, which poses important admission questions to experts in the field, and regularly hosts webinars on various aspects of the business school experience.
Prior to joining financemag7.com, Haley honed her skills as a freelance writer, tackling a wide array of topics from petcare to car maintenance.
Haley holds a Master’s degree in English Literature from the University of Edinburgh, Scotland.