Cryptocurrency has started to take over the market, and it has successfully managed to attract investors and financial regulators in its favor. With the investment of about $1.5 billion in Bitcoin, Tesla stole all the headlines recently, making the digital coin soar to new heights.
While pinning down the exact number of Bitcoin users is arduous, an educated estimation indicates that there are projections of it reaching $100,000 by the end of the year, thanks to the catalyzing momentum observed in the past few months. The number of Bitcoin users is surging exponentially, but it’s not that easy a sail. Several challenges are faced by those who buy Bitcoin. Bitcoin Depot is one of the largest ‘Cash to Crypto service providers with over 2,000 Bitcoin ATMs in more than 42 US States. They address the real-time problems a Bitcoin user faces and make their lives easier by introducing a hassle-free Crypto buying experience.
The challenges
Despite the increasing demand of Bitcoin investors and the number of agencies and businesses accepting Bitcoin, buying them remains challenging. “Back in the day, when I attempted to make my first Bitcoin purchase from an online exchange, I saw the hurdles and delays in the system. I knew that there should be a better transaction alternative such as cash to Crypto service that offers a better more convenient experience,” says Brandon Mintz, President, CEO, and founder of Bitcoin Depot.
The Bitcoin community has reported several issues such as;
- Unsupportive online platforms.
- Impediment transaction process that creates a setback for those who are looking for a quick transaction.
- Exorbitant transaction fee that’s taxed while the user is processing the payment. Not only does it create a lag in the process, but it also adds up to the cost. “This is another reason why people are now switching to other, more efficient and less costly methods to buy Crypto,” adds Brandon.
The solution
“After struggling for weeks, I was still unable to buy Bitcoin back in 2013. When I switched to a cash to crypto service, I had my bitcoin in just 15 minutes. This gave me an idea to eradicate these transaction problems and build a service-based company that offers easy access to Cryptocurrency,” shares Brandon. Bitcoin Depot has installed more than 2,000 Bitcoin ATMs to date, allowing people to buy bitcoin instantly!™ Here is how it’s combating all the challenges faced by Bitcoin Users;
1. Digital Becomes Physical™
With Bitcoin ATMs, you can now get instant verification of your account, which usually takes up to two weeks on other alternative platforms. It’s the easiest and most serviceable way to buy and sell Bitcoin. These ATMs are open 24/7 with live customer support and offer multiple Cryptocurrencies.
2. Over-The-Counter Services
The OTC services by Bitcoin Depot are introduced to give you a personalized white-glove trading experience for more significant transactions. Trading has now become faster, easier, and more efficient with these winning services.
3. Shop Online
“We have partnered with Simplex to provide a convenient option for those who are looking to buy their Crypto online. It ensures easy and fast transactions that are not just limited to Bitcoin,” says Brandon.
Bitcoin Depot has enabled the ability to accept cash for buying Crypto, enabling the underbanked or unbanked people to make their way in the Crypto ecosystem. The ATMs are making a revolution in the market as it offers an unmatched experience at the most accessible locations. The company aims to build the largest retail network of Cryptocurrency access points worldwide, making it widely accessible.
