LA Locations
What is a Bitcoin ATM?
From an outside perspective, a Bitcoin ATM looks similar to a regular bank ATM, which stands for an automated teller machine, but it’s actually quite different. A Bitcoin ATM is a standalone kiosk which is connected to the internet that allows customers to buy bitcoin and other cryptocurrencies by depositing cash. Bitcoin ATMs connect the customer directly to a block-chain exchange.
A regular ATM allows customers to withdraw, deposit, and transfer funds to and from their bank account. At a Bitcoin ATM, the only thing you can do is deposit cash, convert it to bitcoin, then add it to your cryptocurrency wallet. Bitcoin ATMs use a QR code to connect with the customer’s digital wallet.
Most Bitcoin ATMs will set minimum and maximum limits for deposits. In addition, customers are usually charged a service fee for using the ATM, which is calculated based on the transaction, not a predetermined dollar amount. Bitcoin ATMs are not usually run or located by a financial institution, instead, businesses are given the opportunity to host an ATM at their establishment.
Why Choose a Hermes Bitcoin ATM to Buy Bitcoin?
A Hermes Bitcoin ATM offers the fastest and most flexible way to buy Bitcoin. Most online exchanges or other fiat gateways have a signup process that can be extensive, and the funds can sometimes take days to transfer. Hermes Bitcoin ATMs offer an instant conversion from cash to Bitcoin in seconds and can have the purchased cryptocurrency in your wallet within minutes.
In the Bitcoin market, which can be extremely volatile, a customer needs a fast and reliable way to keep up with it—Hermes Bitcoin ATMs provide just that. Most importantly, Hermes ATMs are safe and secure, ensuring that the customer is confident when using the machine.
How Do I Find a Bitcoin ATM in Los Angeles?
The process to find a Hermes Bitcoin ATM is simple. On the Hermes Bitcoin site, you can allow access to your location or enter the specific location you are looking in. From there you can see on the map where a Hermes Bitcoin ATM is located. Upon clicking on a certain location, you can see that ATM’s address, phone number, and the hours it is open from Mon-Sun.
The hours vary from location to location and generally coincide with the establishment’s hours of operation where it is located. However, most bitcoin ATMs are usually open from around 9 AM to 10 PM, some even staying open and running til 1 AM.
The Find a Location page on the Hermes Bitcoin site also provides an email and website to use if you are in need of support for any reason. Additionally, the site offers directions and a street view of each location so you can be aware of the surrounding area.
What Features Does the Hermes Bitcoin ATM Offer?
The Hermes Bitcoin ATM is fast and easy to use with a desirable user interface. The Hermes machine upholds the highest Bitcoin ATM regulatory standards. The process to purchase Bitcoin is straightforward due to the machine leading you through it smoothly. Customers are walked through the on-screen process from beginning to end to avoid any complications.
Customers can purchase as little as $20 in Bitcoin or up to $9,999 per day. The Hermes ATM accepts $10, $20, $50, and $100 denominations when depositing cash. The machine prints or emails a receipt after your purchase of Bitcoin. Hermes Bitcoin ATM offers the option to purchase bitcoin, ethereum, and other types of cryptocurrency.
Hermes Bitcoin has ATM locations all across the Los Angeles and Orange County area, making it easy to find one in just a few minutes. Hermes is privacy oriented and will never ask customers for any bank information. All you need is your phone number or digital wallet QR code. If you don’t already have a Bitcoin wallet, the machine can create a new paper wallet and print it right there for you.
How to Use a Hermes Bitcoin ATM
Using a Hermes Bitcoin ATM is as uncomplicated as it can get. Hermes prides itself on its easy-to-use kiosks and safety and security for customers using it. The machine walks the customer through the entire purchasing process. At the kiosk, customers must verify their identity, usually by entering their mobile phone number. If the customer is planning on buying over $999, then they will be required to be verified using photo identification.
These crypto ATMs are cash-only. Once the cash is inserted, the machine converts the customer’s paper fiat into inflation-resistant cryptocurrency. Once the cash is converted, the customer must scan their digital wallet QR code, or have the machine create and print a new paper wallet. After this last step, a receipt will be given and the new bitcoin balance will be sent straight to the customer’s wallet. It is important to note that it may take a few minutes for the balance to appear in the wallet.
Are Bitcoin ATMs Safe?
Bitcoin ATMs are secure and safe to use, especially Hermes Bitcoin ATMs. A customer’s digital wallet is not at risk of being hacked into and someone who does not have your digital wallet key is not able to access it when using an ATM. Other fiat gateways usually have access to your digital wallet key, Bitcoin ATMs will never have access to that.