Business Details
About
Cryptocurrency ATMATM
We are America's fastest-growing Bitcoin ATM network for a reason. Byte Federal’s Bitcoin Machines make buying crypto easy & secure. No hidden fees.
Have questions or comments? Call our support team (786) 686-BYTE
Details
- Wheelchair accessible entranceAvailable
Location
Byte Federal Bitcoin ATM (Quick Track #105)
106 US Hwy. 271 N., Gilmer, TX
75644, United States
Hours
Frequently Asked Questions About Byte Federal Bitcoin ATM (Quick Track #105)
What is Cryptocurrency?
Cryptocurrency is a digital or virtual form of currency that uses cryptography for security, making it difficult to counterfeit. Unlike traditional currencies issued by governments (fiat currencies), cryptocurrencies operate on decentralized networks based on blockchain technology. A blockchain is a distributed ledger that records all transactions made with a particular cryptocurrency, ensuring transparency and security.
The defining feature of cryptocurrencies is their decentralized nature, which means they are not controlled by any single authority (like a central bank or government). This decentralization is achieved through the use of distributed ledger technology, typically a blockchain, which spreads the operational functions of the currency across a network of computers.
Cryptocurrencies can be used for a wide range of applications, from online purchases and transfers between individuals to being part of more complex financial transactions. They are praised for their potential to provide financial services to people without access to traditional banking systems, lower transaction fees, and reduce fraud risks. However, cryptocurrencies also face criticism and regulatory scrutiny for their volatility, use in illegal transactions, and the environmental impact of the mining processes needed to create them.
What is a Bitcoin ATM?
A Bitcoin ATM is a physical kiosk that allows individuals to buy Bitcoin and sometimes other cryptocurrencies with fiat currency (such as USD, EUR, etc.) or vice versa. Some Bitcoin ATMs offer both the purchase of Bitcoin and the sale of Bitcoin for cash. These machines look somewhat similar to traditional bank ATMs, but they operate differently and are specifically designed for cryptocurrency transactions.
Bitcoin ATMs are a convenient way to buy and sometimes sell Bitcoin, especially for users looking to transact in cash or those who prefer the immediacy of a physical transaction. However, it's worth noting that the transaction fees for using a Bitcoin ATM can be higher than those for online exchanges. Additionally, the exchange rates offered by Bitcoin ATMs may not always be the most competitive.
The availability of Bitcoin ATMs has been increasing worldwide, making it easier for people to access cryptocurrencies. These ATMs can be found in various locations, including shopping centers, retail stores, cafes, and airports.
What is Byte Federal?
Byte Federal is a company that operates in the cryptocurrency space, primarily known for its network of Bitcoin ATMs across the United States. The company provides services that enable consumers to buy and sell cryptocurrencies, such as Bitcoin, Ethereum, and other digital assets, through its ATMs. Byte Federal ATMs are designed to facilitate easy access to cryptocurrencies for the general public, offering a straightforward way for individuals to engage with digital currency transactions using cash or debit cards.
Byte Federal emphasizes security and regulatory compliance in its operations, aiming to provide a safe and reliable service for its users. Their ATMs often support various transactions, including purchasing cryptocurrencies and, in some cases, selling them for fiat currency. This makes Byte Federal part of the broader infrastructure that bridges traditional finance with the emerging digital economy.
The availability of Byte Federal ATMs in various locations, such as shopping malls, convenience stores, and gas stations, contributes to the growing accessibility of cryptocurrencies. By providing a physical point of access for digital currencies, Byte Federal plays a role in expanding the adoption and understanding of cryptocurrencies among the general public.
What are common Bitcoin ATM scams?
Bitcoin ATM scams have become more prevalent as the number of these machines and their users has grown. These scams typically exploit the relative anonymity provided by Bitcoin transactions and the lack of understanding some users have about cryptocurrencies. Here are some common Bitcoin ATM scams to be aware of:
1. **QR Code Scams**: Scammers may convince victims to send money to the scammer's Bitcoin address by providing a QR code for the scammer's wallet. Victims are tricked into scanning this QR code at a Bitcoin ATM, believing they are paying for a legitimate service or product, or helping someone in need.
2. **Fake Promises or Investment Opportunities**: Scammers might promise high returns on investments or participation in lucrative trading opportunities if the victim sends them Bitcoin. These schemes are often advertised online or through social media, leading victims to use Bitcoin ATMs to send money to the scammers.
3. **Impersonation and Phishing**: Scammers impersonate government officials, law enforcement, or utility company representatives, claiming that the victim owes money for taxes, fines, or bills. They then instruct the victim to make a payment through a Bitcoin ATM. This exploits the victim's fear and urgency created by the scammer.
4. **Technical Support Scams**: Victims receive a message or a call from someone pretending to be from technical support of a well-known company, claiming there's an issue with the victim's computer or account. They then instruct the victim to pay for "support" or "software" using a Bitcoin ATM.
5. **Romance Scams**: In a twist on classic romance scams, the scammer builds a relationship with the victim online and then requests money for various fabricated reasons, such as a medical emergency or travel expenses to visit the victim. The victim is asked to use a Bitcoin ATM to send funds.
6. **ATM Malware and Physical Tampering**: Though less common due to the need for physical access, some scammers might install malware on Bitcoin ATMs or tamper with them physically to intercept transactions or steal user information.
**Prevention Tips:**
- Be wary of unsolicited calls or messages demanding payments or investments through Bitcoin ATMs.
- Verify the identity of anyone asking for money and the legitimacy of their request through independent means.
- Remember that government agencies and utility companies do not accept payments in Bitcoin through ATMs.
- Educate yourself about how Bitcoin and Bitcoin ATMs work before using them.
- Report any suspicious activity around Bitcoin ATMs to the machine's operator or local authorities.
How do I reach Customer Service?
If you have problems with a particular kiosk, please reach out to us via live chat or call our support hotline. Make sure to let us know which kiosk you are at (address or serial number of the machine on the top right). Our IT staff will respond promptly and resolve any issues you might encounter.
786-686-2983
support@bytefederal.com
What services does Byte Federal Bitcoin ATM provide?
Byte Federal operates a network of Bitcoin ATMs allowing users to buy and sell cryptocurrencies such as Bitcoin and Ethereum using cash or debit cards, providing easy and secure access to digital currencies.
Where is the Byte Federal Bitcoin ATM located in Gilmer, TX?
The Byte Federal Bitcoin ATM is located at 106 US Hwy. 271 N., Gilmer, TX 75644, United States.
What are the operating hours of the Byte Federal Bitcoin ATM in Gilmer?
The Byte Federal Bitcoin ATM in Gilmer is open 24 hours a day, 7 days a week, with continuous operations from 00:00 to 23:59 each day.
How can I contact Byte Federal customer service if I encounter an issue with the Bitcoin ATM?
If you experience any issues at a Byte Federal Bitcoin ATM, you can reach customer service via live chat or call the support hotline at 786-686-2983. Be sure to provide the kiosk address or serial number for assistance.
Are there any accessibility features at the Byte Federal Bitcoin ATM in Gilmer?
Yes, the Byte Federal Bitcoin ATM in Gilmer has a wheelchair accessible entrance and wheelchair accessible parking available for customers.
What should customers know about common Bitcoin ATM scams?
Customers should be aware of scams such as QR code fraud, fake investment promises, impersonation, technical support scams, romance scams, and ATM tampering. To avoid scams, verify the legitimacy of payment requests, never send Bitcoin to unknown parties, and report suspicious activity.
What nearby gas stations can help customers find the Byte Federal Bitcoin ATM in Gilmer?
Nearby gas stations such as Lone Star Number 5, Exxon, Mobil, Valero, Chevron Station Gilmer, and Young Oil Co. are close to the Byte Federal Bitcoin ATM and can serve as landmarks to help customers locate the ATM easily.
Which nearby restaurants can customers visit before or after using the Byte Federal Bitcoin ATM?
Customers can enjoy nearby dining options such as La Taqueria, Kai's Fire House (American fast food), Angelo's Italian Pizza & Pasta, Mary’s Authentic Mexican Restaurant, BB's Chicken -n- More, and Joe's Place (burger restaurant) around the Byte Federal ATM location.
Are there services nearby the Byte Federal Bitcoin ATM that customers might find useful?
Yes, nearby services include financial institutions like First National Bank of East Texas, money transfer services such as Western Union, insurance agencies like Trusted Insurance Advisor Group, and automotive-related businesses including Tire Zone and GT Tire Shop, which customers might find useful.
Where can customers find more information about Byte Federal Bitcoin ATMs online?
Customers can visit Byte Federal's official website at https://www.bytefederal.com/bitcoin-atm-near-me/texas/gilmer/1136 or follow their Facebook page at https://www.facebook.com/bytefederal for more information and updates.