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What Is a Cryptocurrency ATM?

The easiest way to purchase cryptocurrencies is you use the payment cards by the cryptocurrency ATMs.

The essential product of Bratislava-based KELTA, a decentralized data center that enables cryptocurrency mining, is a platform on which you can rent calculating power and earn passive income by mining up to four different cryptocurrencies simultaneously.

What is a Crypto ATM?

A cryptocurrency ATM is a just like any other ATM machine that enables you to buy Ethereum, Bitcoin and other kind of cryptocurrencies with the card or cash. The ATM machines will be different as if it will be like any other ATM machine, it will be attached in stand or wall.

As said by the Coin ATM Radar, maximum there are about 10,114 bitcoin ATMs are available if you did not searched the cryptocurrency industry deeply. Because of less number of ATMs and increasing the number of people, they have increased number of ATMs more than 5,500 units a year ago to avoid inconvenience.

In North America, you can find that the cryptocurrency ATMs are very common. There are about 75% of these machines in the United States and Canada, while 2,000 in Western Europe.

It may be surprising to you but the European investors and dealers are much interested in purchasing cryptocurrency assets, and most of the European countries has already proposed the law for cryptocurrency regulation legislation.

It is worth that the difference can be less by the time as many of the cryptocurrency ATMs are being installed in European countries like Austria, United Kingdom, Switzerland. The cryptocurrency can be find in Eastern and Central Europe in Prague, Budapest, and Bratislava.

KELTA is planning to increase its crypto network of ATM in European countries that also include Slovakia in the recent months. But unfortunately, they will all be in favor of withdrawing profits from the KELTA mining platform.

How Do I Purchase Cryptocurrency Using an ATM?

Let us look at the fundamentals of using a crypto ATM on the KELTA model, which is installed in Bratislava.

Download and install the BRD, Mycelium, Jaxx Liberty, or Edge blockchain wallet on your smartphone. Choose which of the available assets you want to buy or sell. Remember that most ATMs only allow you to buy BTC, as opposed to KELTA, which will enable you to buy and sell ETH,  BTC, ZEC, and LTC. More than EUR 5,000 is the limited amount in transaction. Then after that open QR code for the needed cryptocurrency in your mobile then sacn it on the device scanner. after that insert card in terminal will give a print of receipt after completion of transaction and receiving payment. the coins will received into the wallet.

Other than this you can purchase BTC at a cryptocurrency ATM even if you does not have a cryptocurrency wallet. Many can generate a new wallet and print a receipt with public and private keys for you.

The Benefits of KELTA ATMs

You can find many ways for purchasing the cryptocurrencies in market but many of them are less acceptable.

You can Buy, But Not Sell:

One-way exchangers are not for everyone, unlike KELTA cryptocurrency ATMs, which can perform both operations.

Lack of Anonymity:

Many cryptocurrency exchanges require their clients to go through the KYC procedure, which requires the client to disclose personal information and send photos of documents to a third party. Using a cryptocurrency ATM to buy or sell coins is entirely anonymous.

High Commissions:

Coinbase charges 3.99 percent on payment card transactions, and some online platforms charge 5% or more. In comparison, the KELTA crypto ATM charges only 2.1%.

In addition to all the preceding, one should not overlook the primary benefit of crypto ATMs: their convenience.

“Location, location, location.” A crypto ATM should remain installed in a location where many potential investors pass. We chose Bratislava’s River Park multifunctional complex, which includes shops, restaurants, a 5-star hotel, and luxury apartments. At the same time, the location provides complete privacy: no one should be able to stand behind your back and observe what you’re doing. We’ll use the same strategy with our upcoming ATMs, locating them strategically.

Choosing locations that are exclusive and intimate while also being easily accessible,” said George Mac, CEO of KELTA.

Cryptocurrency ATMs save users time while also protecting their privacy. These are compelling reasons not to disregard ATMs with a Bitcoin icon the next time you see one. You will almost never return to the online exchange after your first experience purchasing coins through a cryptocurrency ATM.

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