In recent years, Bitcoin investment is gaining popularity among people. The reason might be a surge in good return rates that it has been offering for few years. Earlier buying and selling of Bitcoin was a tough job for normal investors and only a few techies were able to invest. But now, situations have changed. Today, you can easily buy or sell Bitcoin through BTC ATM. I will give you detailed information about Bitcoin ATM near me.
What is Bitcoin?
Bitcoin is also known as a cryptocurrency or digital currency that can be used as a mode of exchange or money. It is decentralised digital cash that can’t be governed by any individual or organisation. This is because no one has the authority to own the network.
Why Should You Invest in Bitcoin?
Due to the arrival of Bitcoin, the world has seen a new mode of investment. Initially, it didn’t gain much attention as people were not capable to understand it. But with time, Bitcoin has established its position in the market.
You might be wondering that why it has gained so much fame.
For that, you need to check out these reasons below-
- Provides high returns
Digital currencies are one of the fastest-growing modes of investment around the globe. According to research, Bitcoin holds about 69% of its market share. Bitcoin prices are highly volatile that makes its cost vulnerable to larger changes anytime. The prices may surge or decrease at any moment. Such volatility in the market eliminates the competition among investors. It could be a great advantage for risk-friendly investors that allow them to make huge profits in few minutes.
- Gives the alternative barrier to inflation
Inflation is increasing in the world due to a surge in the prices of goods and services with time. However, to fight this you can invest in Bitcoin to store some money for the future.
Although people used to invest in gold and land earlier, with due course of time they have changed their thoughts towards digital currencies. As a result, small and medium-sized investors are renovating their cash into Bitcoin to safeguard their assets from inflation.
How to Invest in Bitcoin?
There are numerous ways to invest in Bitcoin. However, the modes may vary from country to country. But in general, you can follow these ways to invest-
- Through a Crypto or Bitcoin Exchange
You can buy or sell cryptocurrencies through Crypto ATMs that are regulated according to the cryptocurrency exchange. This exchange is self-governed and operates 24*7 throughout the year. This allows you to buy or sell Bitcoins anytime. But they charge a minimum fee to proceed with the transaction.
P2P transaction is used to transfer Bitcoin from one person to another. It does not require any third party to continue with the trade. This method is generally used to save transaction fee.
Here, the crypto exchanges search for the sellers who might be interested in buying your Bitcoin and help you to crack the deal easily.
The source of Bitcoin is termed “Mining”. In this process, the miner adds the trade to the blockchain network for which he gets the reward of new Bitcoins. This process allows you to earn extra coins but at the same time, it is highly complicated to follow. So, you should follow this mode of investment only if you have proper knowledge about it.