Even though Bitcoins prices has dropped again considerably in the last day, now selling for roughly $7500 USD a token – there are still plenty of new apps and software being created for use with Bitcoin.
What is Bitstop?
Bitstop is one of the newest ATM style cash machines, designed to allow users to buy Bitcoin in a matter of seconds from locations around the United States. To start using Bitstop it’s simple, users must register with their ID or mobile device for verification purposes. After they’ve passed verification, they simply scan the QR code or the wallet for the deposit to be made. The simple system works fast and easy. The rate at which you’re able to purchase Bitcoin depends on the current price of the token. Once you’ve completed entering the requested amount, all you have to do is click send to confirm and your transaction is ready to go.
How Does Bitstop Work?
Bitstop looks just like a regular ATM machine you would see at a bank. Their ATMs have a friendly design which anyone can use, the purpose is to make buying Bitcoin easy for everyday people. Just like any other ATM you would use, the computer screen will give you step-by-step instructions on how to operate it, like other ATMs do. You can purchase Bitcoin completely anonymous at many of the locations that currently setup or being so.
The system is said to be very safe completely secure, plus, allows users to avoid meeting up with random people to buy Bitcoin on the street. It's not a bank though, currency is exchanged immediately, so there is no staking, holding or need to wait for your tokens.
As it would be with any other ATM you use, transactions are instant, you get your Bitcoin as soon as they transaction is completed. It's one of the easiest most convenient ways to purchase Bitcoins as of today. Unlike other vending machines however, it's only open for certain hours.
There are currently 87 Bitstop machines on the east and west coast in Florida and California. You can go to the company website for Bitstop to find a location near you. All you have to do, is scroll to the bottom of the page, enter a street address, city or state, and the system will find a location near you.
If you want to follow them, you can also enter your e-mail to subscribe to the company newsletter or like them on one of the four social media channels they have: Facebook, Twitter, Instagram, and YouTube.
Our Conclusion On Bitstop
Bitstop is a simple way to purchase Bitcoin that is 100% safe and secure in areas like Florida and California. Bitstop gives everyday people the chance to get in on the new virtual currency trend. The only downside about Bitstop is there is a 13.5% fee for using their cash machines to purchase Bitcoin. That is a rather high-percentage considering what it would cost you on an exchange.
Have you tried Bitstop? If so please tell us your experience in the comments section below.