Cryptocurrency Q&A
Can you buy bitcoin at an ATM?
Can you buy bitcoin at an ATM?
EclipseRider
Thu Jul 04 2024
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5 answers
1461
Could you elaborate on the possibility of purchasing Bitcoin through an ATM? I've heard rumors about this method but am unsure of its authenticity. Are there specific ATMs that offer this service? If so, what are the general steps one would need to follow to complete a bitcoin purchase? Also, are there any fees associated with this process? Lastly, how secure is this method compared to other ways of acquiring bitcoin? I'm interested in understanding the full scope of this potential option.
5 answers
CherryBlossomFalling
Sat Jul 06 2024
To utilize this service, one simply needs to locate a nearby Bitcoin ATM, travel to the machine, and insert cash.
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CryptoProphet
Sat Jul 06 2024
The fees associated with purchasing crypto through an ATM typically fall within the range of 5-12%, depending on the machine and location.
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henry_grayson_lawyer
Sat Jul 06 2024
It's important to note that Bitcoin ATMs typically only accept cash payments.
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Eleonora
Sat Jul 06 2024
Credit cards and debit cards are not typically accepted as a form of payment for crypto transactions at these ATMs.
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ZenMindfulness
Sat Jul 06 2024
Bitcoin ATMs offer a convenient way for individuals to purchase cryptocurrency.
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