Can You Buy Bitcoin with Cash USA?
Bitcoin as the most well-known cryptocurrency has generated a lot of interested, press coverage and of course investment opportunity. Rates for buying Bitcoin are still reasonable and there is no reason why an investment portfolio shouldn’t include Bitcoin as well as other cryptocurrency alongside other investments. However, if you’re a cash investor who prefers to keep their investments off the grid, is cryptocurrency still viable? Can you buy Bitcoin with cash USA?
The answer is Yes! There is a simple solution actually which allows for this type of cash to Bitcoin solution.
How to Buy Bitcoin with Cash USA
CoinFlip an online currency broker have developed a next generation secure and intuitive solution for buying Bitcoin with cash, the solution is Bitcoin ATMs. Bitcoin ATMs allow you purchase cash in just one transaction through your smartphone, utilizing a crypto wallet and cash over one dollar. The process is simple and efficient using a QR code and one of their dedicated ATMs.
The ATMs support transactions of up to $8000 daily and only need a once a transaction identity authentication on transactions over $900. This is done buy the ATMs camera, taking a photo of your state ID. Below this amount you just have to enter a phone number and name.
How Much Does it Cost to Buy Bitcoin with Cash?
With a Bitcoin from cash purchase at an ATM there is a small transaction fee but the transfer rates are some of the lowest in the industry so this means it is one of the most cost effective ways to purchase Bitcoin. Rates are even more competitive if you transact larger amounts with the threshold at $10,000 per month to receive a lower transaction fee rate.
The ATMs used for Bitcoin transactions can be found in major metropolitan centers around the USA and also support other cryptocurrency transactions including Tron, Binance Coin, Dah, and Litecoin.
There are also opportunities to host one of these Bitcoin ATMs if you have a secure and suitable commercial location which could accommodate one. The ATMs also work as regular ATMs for individuals to withdraw cash. They are a good way of generating passive income and will increase foot traffic to your location. The requirements are a 1m x 1m space and an AC outlet for plugging in the unit.
Is Bitcoin Really Still a Good Investment?
You’re still reading this so you’re probably considering whether investing your cash in Bitcoin is really a good option right now. We’re all aware of the crazy returns cryptocurrency has had over the past 10 years since Bitcoin’s creation in 2009, raising from $0.01 to $20,000 per coin, taking $50 to $100 million when it was at its height. The issues which were once slowing down Bitcoin transactions have been solved with solutions for faster transactions and large institutions now investing in Bitcoin. Bitcoin has now become a more recognizable way of actually spending currency on products and services rather than just being an investment currency.