Bitcoin Depot’s Post

Bitcoin ATMs: A convenient way to buy and sell Bitcoin without a bank account. Learn more about how they work and where to find them. https://lnkd.in/ej2Wh6VH

🚀 Discover the seamless process of withdrawing Bitcoin from Cash App to your bank account! 📲💸 Dive into our latest article for a step-by-step guide, pro tips, and FAQs to make your transactions smooth and secure. Don't miss out on this essential read! 🔗 #Bitcoin #CashApp #Finance #Crypto 💲

The Ultimate Guide To Safely Buying Bitcoin With Credit Cards In recent years, Bitcoin has emerged as one of the most popular digital currencies worldwide. As more investors and ordinary folks take a keen interest in buying and investing in this sought-after digital currency, knowing how to buy it safely with a credit card is crucial. https://lnkd.in/gBQFCtgK #bitcoins #currency #investing #digitalcurrencies #creditcard #payments #transactions #cashback #bitcoinexchange #trading #investment #onlinemoneytransfer #ethereum #money #digitalcoin TYCOONSTORY

The Ultimate Guide To Safely Buying Bitcoin With Credit Cards In recent years, Bitcoin has emerged as one of the most popular digital currencies worldwide. As more investors and ordinary folks take a keen interest in buying and investing in this sought-after digital currency, knowing how to buy it safely with a credit card is crucial. https://lnkd.in/gBQFCtgK #bitcoins #currency #investing #digitalcurrencies #creditcard #payments #transactions #cashback #bitcoinexchange #trading #investment #onlinemoneytransfer #ethereum #money #digitalcoin TYCOONSTORY

We are taking an entirely unique banking-first approach to make #bitcoin to Euros offramp safe like never before. 🏦🛡️ With our solution, Bitcoiners and merchants who accept Bitcoin can liquidate Bitcoin 💸 easily, to spend anywhere, not worry about their banks freezing their accounts. 💪Being able to spend Bitcoin easily allows us to buy more Bitcoin confidently. 🚀We published the 13th edition of our newsletter, discussing our approach and how it is safe compared to alternatives. https://lnkd.in/dvM-gM8y #bitcoin #lightningnetwork #payments #offramp #europe

The total number of Bitcoin ATMs has decreased since Dec'22. But this number has been on an uptrend over the past year. The future of these machines is still unclear, given the high fees involved. If you're curious about how they work and why people use them, you can read my detailed article. https://lnkd.in/gG73M4qS

If you want to get out of the fiat system you need to solve 4 kinds of problems. Problem 1 - Savings This is the easiest one. Buy #Bitcoin, self-custody ... done. Problem 2 - Getting paid in #Bitcoin Even though most customers still use fiat you can utilize a service like Bitwage to be paid in Bitcoin directly. They give you a unique IBAN number, you share it with your customers and when they make bank transfers, you can predetermine how much should flow into your Bitcoin wallet, and how much should be routed to your traditional fiat bank account. Problem 3 - Pay for things in #Bitcoin that you can also pay for with a credit/debit card a) There are some crypto debit card providers out there which let you load your Bitcoin onto these debit cards which you can then use to pay for online and offline purchases. The good thing is, your money remains in #Bitcoin until the very moment you make a payment. The recipient won’t even know you used #le Bitcoin. However, be aware of price volatility, which can affect the displayed fiat balance on your card. b) Need cash for those occasional situations, like feeding the parking meter? With a crypto debit card, you can also withdraw cash at an ATM. Or right after grocery shopping I can ask the cashier to pay out some additional coins for the parking meter. Problem 4 - Pay for things that you would normally pay for with a SEPA bank transfer This one’s a bit more complex. I don't know of any service that offers a solution to this problem out of the box yet. At this point you would either have to a) leave a certain amount of income in the bank as fiat, which of course contradicts the idea of living the Bitcoin standard. b) or you would have to, after receiving all the income either in #Bitcoin or converting it to BTC, sell it again and then make an old school fiat transfer. Which, to be honest, isn't convenient and doesn't make much sense if you've just received your salary and want to use it to pay your rent straight away. So we urgently need a solution to transfer Bitcoin to another bank account via SEPA as smoothly as possible, whereby, similar to the crypto card, it's only converted into fiat at the last possible moment. This would allow us to keep all our money in #Bitcoin and not a single cent in fiat in our bank accounts. #Bitcoin  wasn't created to bank the unbanked. Bitcoin was created to unbank the banked.

Here, we list the top five reasons to consider using a bitcoin ATM 👇 💸 Convenient: Designed with a quick, easy, and secure interface, anyone can access a BTM without needing a bank account or involving other financial intermediaries. With only a mobile phone, users can convert loose cash to digital currency in minutes, receiving their funds directly to their digital wallets. ⚡ Fast Cash: If you’re a server or delivery driver carrying a lot of cash tips, or are someone without a bank account, a BTM is quick and easy way to digitize your earnings. 🌍 Borderless: Digital currency is naturally borderless, meaning it has no geographical restrictions like fiat currency. After purchasing crypto at a BTM, anyone with a digital wallet can directly send or receive payments anywhere in the world, cutting associated processing costs and delays. 📛 Private: Depending on the size of your transaction, BTMs can require minimal personal information such as a name and phone number. No minimal balances, credit reports, or time-consuming account setup required. 🔐 Secure: Unlike traditional bank accounts or exchanges, many BTMs like Olliv and CoinFlip’s are fully self-custodial, meaning operators never hold user funds.