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Bitcoin of America is making it easier for beginners to get involved in cryptocurrency

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Bitcoin of America is making it easier for beginners to get involved in cryptocurrency

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Even though there has been a huge advancement in cryptocurrency, there is still a large crowd of people out there that do not know what cryptocurrency is. Bitcoin of America is a U.S. based digital currency exchange platform that provides its customers with access to many different video tutorials and explanations. As a company, they find it extremely important that their customers feel both educated and comfortable when using their services.

If you are looking to find a bitcoin atm nearby, Bitcoin of America has bitcoin ATMs located in major cities across the United States. Bitcoin of America is headquartered in Chicago, IL. They offer a fast and easy way to get involved in the cryptocurrency community. It takes less than one minute to register an account with them and start trading. Customers can choose from a variety of ways to buy and sell bitcoin.

These video tutorials have set Bitcoin of America apart from their competitors. Not only do they have videos that take you through using a bitcoin ATM step by step, but they also provide explanations to important cryptocurrency terms. Their goal in creating these videos was to create a sense of comfort for their customers. They had noticed a large audience that felt intimidated when it came to cryptocurrency and they hoped to help close that gap.

Cryptocurrency has continued to grow in popularity over the past couple of years. Bitcoin is now widely accepted in many retailers all over the United States. You can now go to a bitcoin machine in convenient locations and spend it at your favorite stores. Bitcoin of America’s bitcoin ATM’s are usually located in the places where you already shop. You can easily buy cryptocurrency, while you fill up a tank of gas! Most of their locations are open 24 hours a day, 7 days a week.

Another service that Bitcoin of America offers is their tablet service. Bitcoin of America launched their pilot program using small point of sale tablets to provide accessibility to cryptocurrency in smaller rural areas. Their tablet service has created a face-to-face purchasing experience. Bitcoin ATMs have a similar function, but do not allow you to interact with a human teller. Their tablet service enables customers to actually come in and ask any questions they may have. They even train their merchants, so they are prepared to answer questions.

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Disclaimer: Our writers’ opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own due diligence before taking any action related to content within this article. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies.

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Crypto News

Bitcoin Price Reclaims $10K Reversing Weekend Losses, XTZ Soars 13%

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After a bearish weekend which saw Bitcoin (BTC) price drop 8.76% to $9,444, the price has again reclaimed the $10K mark. Prior to the breakout, the price was steadily moving upward, reclaiming the $9,800 support on increasing trading volume. 

Over the weekend many traders expressed fear that a drop below $9,450 would solidify a bearish trend reversal but previous analysis by Cointelegraph suggested that a sharp retrace that could pull the price to the $9,500 to $8,800 zone was needed after Bitcoin’s recent strong performance.

Crypto market daily price chart

Crypto market daily price chart. Source: Coin360

Cointelegraph contributor Michaël van de Poppe also explained that above $9,450 Bitcoin remained bullish as many traders would be looking to close the CME gap at $10,460. 

Despite the weekend correction, a golden cross between the 50 and the 200-day moving average was unaffected and the relative strength index (RSI) on the daily timeframe remained near 50. 

BTC USD daily chart

BTC USD daily chart. Source: TradingView

Today’s price action brought the price back above the 23.6% Fibonacci retracement level at $9,500 and also above the 20-MA of the Bollinger Band indicator. If the price can manage a close above $10,000 then it seems likely that traders will look to follow the CME narrative that Bitcoin price should close the recently created gap at $10,460. 

Before filling the gap, Bitcoin price will need to overcome the $10,168 to $10,330 zone, which the volume profile visible range (VPVR) suggests could be a challenge. 

Flipping this zone to support would open the door for the price to extend to the upper Bollinger Band arm at $10,500 and as discussed in a previous analysis, the VPVR shows that above $10,500, Bitcoin price could rapidly ascend to $11,000 to $11,500. 

Altcoins also showed significant strength as Bitcoin’s price rallied back above $10,000. Tezoz (XTZ) rallied 12.63%, Ether (ETH) 8%, XRP 4.34% and Chainlink (LINK) 5.38%. 

Bitcoin daily price chart

Bitcoin daily price chart. Source: Coin360

The overall cryptocurrency market cap now stands at $290.9 billion and Bitcoin’s dominance rate is 62.2%.

Keep track of top crypto markets in real time here



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