PR: Bitcoin Depot – Expands Bitcoin Atm network to 15 states to give 85 million people access to cryptocurrency – Bitcoin News press release
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Bitcoin ATMs are growing in popularity as the adoption of cryptocurrencies becomes more mainstream. They make buying and selling cryptocurrency much more accessible than ever.
The company that is leading the way to mainstream adoption is Bitcoin Depot.
Bitcoin Depot recently installed its 125th ATM, adding to the company’s rapidly growing Bitcoin ATM network. The cheap physical locations have a significant impact on the adoption and use of cryptocurrencies. All Bitcoin Depot ATMs now support Litecoin, Bitcoin Cash, and Ethereum, which are much faster to process and have lower fees than Bitcoin. Bitcoin Depot currently offers nationwide access to 85 million cryptocurrencies in 15 states.
Other options for buying cryptocurrency like online exchanges often take weeks to verify your account. This makes it very difficult and frustrating to buy or sell cryptocurrency, especially during times of extreme market fluctuations. In December 2017, the Bitcoin price was at an all-time high. During this time, transactions at Bitcoin ATMs skyrocketed and Bitcoin Depot was able to process the transaction volume without any problems. However, the Bitcoin exchanges were getting thousands of new users every day and were unable to handle the increased demands. Some exchanges were so overwhelmed that new user registration was completely disabled.
Bitcoin Depot offers instant verification. No extensive list of documents, bank accounts or credit cards are required for transactions, just cash. Anyone can get verified quickly and do business with a valid phone number. (An ID is required for larger transactions.)
Bitcoin Depot prides itself on their customer service. You can easily call and speak to someone in the company’s office. Questions and concerns can be quickly answered via email, text, and phone support. Most Bitcoin companies don’t offer phone support and are slow to respond to emails, which causes many customers to become angry and skeptical about the integrity of the business.
Given the complex and often misunderstood nature of cryptocurrency, Bitcoin Depot deals well with this skepticism by ensuring that customers feel safe and easily understand how transactions are carried out. “The majority of our customers are repeat customers,” said Brandon Mintz, CEO of Bitcoin Depot. This is proof that customer trust and brand loyalty are being won.
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