What is a Bitcoin ATM?

Bitcoin ATMs are standalone, internet-enabled kiosks that facilitate cryptocurrency-related transactions, most notably buying Bitcoin with cash. What Is a Bitcoin ATM? Bitcoin ATMs, synonymous with crypto ATMs or BTMs, are automated teller machines that allow users to buy or sell Bitcoin on-the-go using cash, debit or a cryptocurrency wallet.

How to sell bitcoin to a cryptocurrency ATM?

The process of selling Bitcoin to a cryptocurrency ATM is fairly similar. You’ll simply be asked to send funds to the ATM instead of the other way around. Once the transaction is successfully reflected on the ATM’s end, an equivalent amount of cash will be dispensed automatically.

How do I find a Bitcoin ATM?

Just find your location and see where the nearest Bitcoin ATM is to you. If you are in the US, try out one of Coinflip’s ATMs that currently offers 10% off transaction fees when you use promo code “99BTC”. The map also allows you to search for Altcoin ATMs if you want to buy/sell other cryptos.

Are Bitcoin ATMs safe?

Bitcoin ATMs are generally safe to use, but there have been some reports of scams and thefts. It would help if you searched for the reviews and reputation of a machine before using it. Bitcoin ATMs are a suitable way to buy and sell bitcoin, but they come with some risks.