Key Reasons to Use a Physical Bitcoin Exchange
When it comes to buying and selling crypto like Bitcoin and other cryptos, there are various to do it, and using a crypto exchange is just one of them. Depending on your needs, you can decide to use either a brick-and-mortar exchange or an online platform. That said, choosing a physical Bitcoin exchange has several benefits that make it the better choice for many people and businesses.
So, why should you consider using a physical crypto exchange?
Convenience
Most physical Bitcoin exchanges are located in strategic locations such as shopping malls, airports, and other places. This makes them convenient, especially, when they are on the go or going about their daily routines. It is so easy to pop into a physical crypto exchange as you do your shopping, or wait for a flight, and buy or sell crypto without any hassle.
User-friendliness and accessibility
People often prefer the options that are most convenient for them and they can easily access. The good news is that a physical Bitcoin exchange is user-friendly, especially for non-tech-savvy users. There will always be helpful staff on standby to help users carry out their transactions. You can easily access a brick-and-mortar exchange even if you have no internet-enabled device or connectivity, and be able to buy or sell your cryptocurrencies.
Privacy
If you want to buy or sell Bitcoin without people knowing about it, or governments tracking your transactions online, then use a physical Bitcoin exchange. The beauty of some of the best physical exchanges is that they don’t ask for a lot much information or require extensive processes for identity verification. Thus, you can transact with utmost privacy and confidentiality and avoid any prying eyes monitoring your activities.
Cash transactions
Do you prefer to buy Bitcoin or other coins with cash instead of bank transfers or using online wallets? Or do you want to receive the proceeds from your crypto sale in hard currency? Then use a physical Bitcoin exchange. Typically, exchanges accept cash transactions making them a great option for those who prefer cash payments or have no bank accounts.
Speed
With Bitcoin transactions, speed is crucial because it could mean the difference between making some significant gains and losing a tidy sum. Luckily, a physical Bitcoin exchange can be far quicker than online platforms. This is because some of the processes such as bank transfers, and identity verification are done away with, and replaced with other faster options. You can cash out your BTC in a few minutes or top up your crypto wallet within no time when using a brick-and-mortar exchange.
Education and guidance
The truth is that crypto is still a relatively new concept and most people still have a lot of learning to do. When using a physical Bitcoin exchange, the staff offers education and guidance which comes in handy in making crucial decisions. This is especially helpful for newbies in the crypto world.
Conclusion
Using a physical Bitcoin exchange can be a great option when transacting your coins. Some of the key benefits of the brick-and-mortar exchanges include easy accessibility, convenience, privacy, speed, and provision of guidance and education.
