Use Crypto on Main Street ATMs to Turn Your Cryptocurrency into Cash

Cryptocurrency, (especially Bitcoin) has gained a lot of public attention. Though many people still associate it with black market sales, blind speculation and security issues; Bitcoin, Litecoin, Ethereum, Dash and a few other alternative currencies are gaining positive interest from important people in businesses, banks, the financial sector and governments. Some of these organizations include the US Senate, Goldman Sachs and Microsoft.

What’s especially exciting to people is the possibilities that Blockchain technology offers. Businesses are beginning to accept Bitcoin all over the world. They realize that the accepting cryptocurrency will only bring more money into their businesses.

What’s interesting is that other tech trends like sensors, quantum computing and Big Data haven’t received the same level of mainstream attention. However, there’s still a learning curve when it comes to cryptocurrency. Most people still don’t understand it. In addition, in some ways, cryptocurrencise aren’t considered easy to use. They require their own wallet. Every business doesn’t accept them.

However, early adopters and wise investors looking at the long term rarely see these issues as problems. They learn to use exchanges. They work to understand how mining and investments work. However, the average person doesn’t want to jump through these types of hoops.

Luckily, using a debit card to access cash is something almost everyone is willing to do. In fact, many people who are willing to jump through hurdles to access their cryptocurrency are also happy to have an easier way to get convert their crypto to fiat.

Any business that makes the crypto to fiat conversion process easier will do well. The company will gain significant marketshare. The cryptocurrency industry is taking off. Getting in early in is the best to get in.

ATMs have always been the quickest and most convenient ways to access cash. In Europe, Cointed has taken over the market.

Cointed is working hard to make crypto ATMs a part of mainstream. In addition to providing standard ATM services, Cointed is striving to make the entire European ATM system more accessible and efficient.

Of Course ATMs Do Have Some Drawbacks

People don’t want to pay fees. Anytime people have to pay a percentage of their money in fees, there could be issues. Because cryptocurrency ATMs are so rare, companies might experience temptation to overcharge the consumer.

Machine maintenance could be an issue. Merging traditional ATM technology and the Blockchain can also present risk. The company that manufactures the machine might not have a keen understanding of Blockchain technology. Cryptocurrency ATM companies must be somewhat different than traditional companies.

Cointed addresses these issues by being both the manufacturer and distributor of their ATMs. They are part of the entire transaction process.

More on Cointed

Cointed offers low fees and multiple use options. The company originated in Austria, where its machines were first introduced. The company focuses on offering low fees. For example, most businesses charge 4% to sell Bitcoin and 8% to buy it. Cointed charges half that, 1-3% to sell and 2.5 to 4.5% to buy it. Cointed machines also support multiple currencies including Bitcoin, Dash, Ethereum and Litecoin. Transaction limits are high. Registered users can buy or sell up to 15k euros.

Cointed’s unique selling point is low fees. This makes ATMs accessible for everyone. In addition, Cointed works every day to improve the technology and platform they use.

Cointed cools its servers so they perform with efficiency. They also use their own API system called PayCo. This allows customers to interact more easily with the machines. This system makes it easier for Point of Sale retailers to feature Cointed ATMs and payment processing systems in their stores.

Cointed ATM

Cointed also features its own exchange. By using their own exchange, Cointed insures transactions are secure and processed quickly. This is also why Cointed can offer trading of multiple currencies. However, the Cointed debit card makes cryptocurrency financial transactions similar the traditional transactions everyone is used to.

If that wasn’t enough, Cointed even sells top notch mining equipment to those who want to get into that side of the industry. Cointed will install the equipment at their facility and run it for investors.

The Cointed system is optimized for use with the Cointed crypto-token. This is how all parts of the system interact. You don’t have to purchase Cointed tokens to use the system. However, token holders are able to save money when they choose to exchange using Cointed tokens.

Making Strides

Cointed’s primary goal is to make cryptocurrency something that’s mainstream and accessible. In order to do this, they know they must make sure cryptocurrency exchange is cheap, easy and secure. They know that the best way to do this is to cover the exhange process from beginning to end with their own software and solutions. They don’t use standalone software or devices at all.

You can buy Cointed tokens on exchanges. Their abbreviation is CTD. Using Cointed tokens makes your fees cheaper and your trades are faster. The Cointed debit card costs about 20 ETH.

Sometimes Cointed offers bonus incentives as well when you buy a card. If you’re interested in investing in cryptocurrency ATMs, now is the prime time to invest in Cointed. This company is one of the forerunners in this industry, providing a quality solution to the problem of cryptocurrency accessibility.

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About Bart 7 Articles

Administrator at the Province Town coin exchange. Have been trading cryptocurrencies for a number of years. Ex developer and current cryptophile.

2 Comments

  1. Will this ever move to other countries such as the Uk or France? Have you ever used something like this Bart? It could do a great deal of help for me.

    • I don’t know Sally. Currently it is only in Germany. Perhaps if the regulators and monetary authorities are truly comfortable with this then they will allow it. I think that the UK is more likely to adopt this than France for example.

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