Tips to Keep in Mind When Using a Bitcoin ATM Near Jackson, Mississippi

by | Sep 9, 2020 | Finance:

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Using a Bitcoin ATM is a very simple process. All you need to do is follow the instructions on the screen to complete your transaction. However, there are a few things to keep in mind when using a Bitcoin ATM near Jackson, MS.

Bitcoin Is Not An Official Company

Bitcoin is not owned by a particular person or company. It is a digital currency that can be used by people around the world. A Bitcoin ATM is just a broker for buying and selling Bitcoins, so you are not going to be able to contact them for issues such as refunds. Luckily, a Bitcoin ATM is more secure than an online platform.

You Need A Digital Bitcoin Wallet

You are going to need a digital wallet that is connected to the internet when using a Bitcoin ATM near Jackson, MS. Bitcoins do not exist in physical form. A Bitcoin ATM offers the option to print a new wallet with two receipts. The receipt with your QR codes in your wallet and the other receipt contains your transaction information.

Be Aware of Bitcoin Scams

It is very important to be aware of Bitcoin scams, which are not reversible or refundable. You are never asked to spend your Bitcoins on potential employers, law enforcement, government entities, and utility bills. A warning is going to flash on the screen to remind you of these scams.

If you are looking for a Bitcoin ATM near Jackson, MS, check out the kiosks from RockItCoin Bitcoin ATM. You can find a list of kiosk locations by visiting their website.