Pelicoin: Finding the Best Texas Bitcoin ATM

Pelicoin: Finding the Best Texas Bitcoin ATM

Interested in buying Bitcoin but don’t know how to do it? Cryptocurrency has taken on a life of its own ever since it sprung onto the scene just a few years ago. Early crypto adopters have gained tremendous wealth and others are eager to jump on the bandwagon. But how do you buy Bitcoin in the first place? 

Pelicoin is the Gulf South’s largest and most secure cryptocurrency ATM network. With a crypto ATM, you can interface with a tool you already know and bypass the confusing online exchanges. Pelicoin ATMs are safe, secure, and, most importantly, reliable. 

Pelicoin has locations in Alabama, Mississippi, Louisiana, Tennessee, and Texas. With Austin Bitcoin ATMs and San Antonio Bitcoin ATMs sprinkled in both cities, you’re never far from a convenient way to buy crypto. 

So, is Bitcoin an investment or a currency? It turns out that it’s actually both depending on how you look at it and who you talk to. Some people are convinced that due to Bitcoin’s relative volatility there are many opportunities to buy when the price is low and sell when the price is high, making it an investment. However, Bitcoin is also used more and more as a legitimate currency, with businesses across the globe accepting it as a viable option. Restaurants, clothing stores, and even retailers are now accepting Bitcoin on a daily basis. As more establishments accept this upstart currency, the more stable it will become. 

There are some amazing and exciting applications for both cryptocurrency and the underlying technology, blockchain. Blockchain was invented as a platform for Bitcoin, the world’s first cryptocurrency, to inhabit. Since Bitcoin is a decentralized currency, it doesn’t have a medium to flow through when a transaction takes place. Traditional debit transactions make their way through several middlemen on their way from your bank account to the destination account. A brief example of this would be purchasing your dinner from a local restaurant.

When you swipe your card at the restaurant, the information is sent to their computer and then sent to your bank. The bank approves the transaction and this authorization is sent to the restaurant’s computer. Then, the payment is finalized by the credit card company and the amounts are accounted for. With Bitcoin, this is done on the blockchain and all of the small transactions and middlemen are eliminated. 

Blockchain completes transactions by sending them across a large network of computers. Each “node,” in the network verifies the transaction, they’re rewarded for their proof of work, and the transaction is complete. This creates a decentralized system that is completely verifiable. 

Although all of the specifics may be confusing, you just have to think about Bitcoin and other currencies in the same way you think of the dollar. These are just systems of transferring value from one entity to another. 

If you’re interested in buying Bitcoin, the easiest way to do so is through an ATM. Find a Pelicoin ATM near you today. We make buying Bitcoin simple, quick, and safe for everyone.