There are over 1,400 Bitcoin ATMs in Los Angeles, California and surrounding areas and that is enough indication about how popular these machines have become in this city. In fact, it’s not just in Los Angeles but across the state of California and across the country that these machines are gaining popularity at a very fast rate.
Today there are over 42,250 cryptocurrency ATMs across the United States and they are growing at a very fast rate to meet the unusually high demand for these machines. Not too long ago the demand for cryptocurrency was not as high as it is now and the reason for the current high demand is directly related to the convenience that the ATMs provide to traders. That’s understandable because trading on the online exchanges has left a lot to be desired.
Traders showing very high preference for the ATMs
Compared to the online exchanges that take 3-7 days to just approve a transaction you can complete a transaction on a Crypto ATM in Los Angeles, California in barely a minute. Moreover it is a lot safer to trade cryptocurrency on an ATM because the transactions are password protected.
The Bitcoin ATM units either offer you the option to just buy or both buy and sell cryptocurrency depending on the machine you use. This is still an early stage evolution of the machines and many of the current lot that allows just purchase of cryptocurrency, would either be upgraded for both purchase and sale at a later date.
It’s really easy to operate the ATMs
Most users have been pleasantly surprised by the simplicity and ease of use that the Crypto ATM offers. People were a little apprehensive at the beginning but after using the ATMs they realized that the functionality is just like that of the standard cash ATMs with minor adjustments to facilitate trading of digital currency.
Cryptocurrency is already a rage and it went into a much-needed cooling period after getting waylaid by investor overdrive. The poor performance of the online exchanges also added to a drop in buyer confidence. The arrival of the Los Angeles California Bitcoin ATM has pumped new life into the digital currency market as it has shown the first glances of how this currency is going to integrate with the mainstream economy.
These ATMs have redefined cryptocurrency
In the early days of cryptocurrency there was a fair amount of uncertainty and lack of clarity about how it was going to function. Overenthusiastic investors went so far as to say that it will wipe out all the mainstream fiat currencies but it now turns out that this is quite far from the truth. It’s only now that people are asking “Are there any Bitcoin ATMs near California?”
The reasons are not difficult to see; people believe that Bitcoin is a lot more grounded in reality now than the mystical genie in the bottle it used to be before the ATMs became a reality. California in general and Los Angeles in particular, has always been early adopters of technological innovations. Today, there are hundreds of investors in Los Angeles asking around, “Is there a Bitcoin ATM in California?”