Buying and Selling STEEM for Cash without Cumbersome Experience
Hi fellow members,
Before I start writing please, allow me to say that I am not native in English (I started learning it quite late in my life actually) so you might find it funny how I construct my sentences. If you could, please, point out some mistakes or give some suggestions regarding my writing, that would be appreciated.
I get into it!
Steemit is getting more and more popular every single day, making its way to the top of the list of the blockchain technologies. I am regularly checking the stats and the website’s ratings but you certainly do not need to do that in order to see the trend. There are many articles now on the internet and in the mainstream media talking about the creative authors who receive mind-blowing rewards. More and more people are getting interested and want to share the success. Many of them are new to cryptos and when they want to buy some STEEM they realise that they need to buy some Bitcoin first. Some find it confusing and too technical even to create Bitcoin wallets or to choose trusted and reputable exchanges where they comfortably share their credit card details. It would be great to buy some from an ATM.
Bitcoin has been and still is the quickest gateway into the cryptocurrency world. Its age and its wide acceptance made it available to anyone in almost every country in the world. If someone needs a bit more privacy or does not want to bother with the registration for the exchanges, Bitcoin ATMs offer the perfect solution to that.
Quite a few companies started manufacturing, and selling Bitcoin ATMs worldwide in the last 3 years. Since then they have installed more than 700 machines combined. They offer convenient ways of selling and buying the tokens. No wonder their numbers are growing.
Leading Bitcoin ATM manufacturers
| Manufacturer | No. of Bitcoin ATMs installed |
|---|---|
| Genesis Coin | 256 |
| Lamassu | 168 |
| Gemeral Bytes | 106 |
| BitAccess | 61 |
| BitXatm | 36 |
Those of you who have been trading bitcoin recently probably were not impressed with the average of 10-minute transaction speed. Probably we are not going to use Bitcoin in the future for paying our coffee as it looks today. However we still need to hold some if we have intention to buy other cryptocurrencies.
Now you can buy and sell Ether for cash on some of these ATM machines and its 15-second transaction speed certainly puts a smile on your face. Imagine adding STEEM next to the list. Implementing STEEM on these existing ATMs would be wonderful to those who do not want to get into other cryptos, just conveniently buy some STEEM for cash, e.g. to increase their voting power. Living in the era of cryptos and smart tokens we need to find other, simpler ways to purchase them. Gateways are expensive (commission, fees) and not very efficient and it can be a complicated experience for newbies. Steemit ATMs would make this process much easier. It certainly would help spreading its acceptance too. I hope we see them coming soon.
Thanks for reading my thoughts!
Kind regards,
Andrew