Bitcoin ATMs are an increasingly popular phenomenon in the world, especially in Canada. Canadians are becoming more and more familiar and comfortable with bitcoin and other cryptocurrencies in general. So, it’s no surprise that there are almost 800 crypto ATMs in the country. Canadians love to buy and sell bitcoin through these machines. That is why search trends like “Bitcoin ATM Saskatoon” are through the roof.
A “Dry” Community
In 1881, a group of temperance activists from Ontario formed with the idea of creating an agricultural colony on the prairies. Their goal was to setup a “dry” community in the prairies meaning any form of alcohol would be barred from being sold and/or consumed. The growth of the community was slow as there were no easy means to get to Saskatoon. There was no railway and the river was too shallow and full of sandbars for easy navigation until 1890 when the first railway was built through the tow thanks in part to the the Qu’appelle, Long Lake and Saskatchewan Railway Company.
By 1911, the population had more than doubled and Saskatoon had built it’s long standing reputation – a major agricultural hub for Canada. However this economic growth was about to be halted in 1913 as Canada – part of the allied forces, would declare war with Germany in 1914, thus beginning World War I. After the war, Saskatoon’s growth was greatly affected by major world events such as the Influenza Epidemic of 1918, the Great Depression of the 1930s and World War II, from 1939-1945.
Bright Economic Future
By the late 1940s things had settled down somewhat and the city entered a period of prosperity which has lasted ever since. With Saskatoon’s current population estimated to be roughly 324,721 residents it’s been recognized as one of Canada’s fastest growing cities. This city full of prairie spirit and surrounded by golden fields of wheat, and big open skies has a promising future ahead of it.
Difficulties With Exchange
There was once a time when Bitcoin ATMs were scattered and seen as a hobby. The preferred way for most to get involved with cryptos was through an online exchange. However, many Canadians realized that exchanges come with their own issues. It can be difficult to get your fiat onto the exchange, to begin with. There is also the issue of providing your complete KYC which might invade user privacy.
No wonder people are starting to move towards Bitcoin ATM machines. You don’t even need to keep searching for one. All you have to do is google “bitcoin atm near me” and you’ll be set. Or you can simply visit a site like CoinATMRadar and find the nearest one to you. There are, of course, many other benefits to using a crypto ATM.
Bitcoin ATM Benefits
1. Bitcoin ATMs are especially useful for travelers. Since Saskatoon has a lot of places for tourists, it is important for them to have access to quick cash. Traditional methods of exchanging currencies are really expensive. Bitcoin ATMs however, make it really easy and cheap.
2. One of the best things about these Bitcoin ATM machines is that you don’t have to use centralized institutions like banks. We all know how difficult these can be to deal with.
3. You don’t have to provide much personal information to avail of this service. This protects your privacy.
4. This is an offline method to get cash quickly in times where you can’t go online on an exchange.
Where To Find Bitcoin ATM In Saskatoon
You might be wondering where to buy bitcoin in Saskatoon. Fortunately, there are a lot of places that host Bitcoin ATM machines here that have locator services. On Baap ATM, you can quickly locate our ATM terminals to quickly buy bitcoin in Saskatoon. No more fuss. Just visit the website, enter your address or city name, and the nearest ATMs are displayed on a map.
From there on, you just need to visit the ATM location and buy your favorite cryptocurrency. Just like buying groceries. This is an example of the innovation happening in the cryptocurrency space. The barriers to entry are getting fewer and fewer.