What is a Bitcoin ATM?

Bitcoin ATM (abbreviated as BATM) is a kiosk that allows a person to buy Bitcoin using an automatic teller machine. Some Bitcoin ATMs offer bi-directional functionality enabling both the purchase of Bitcoin as well as the sale of Bitcoin for cash. Bitcoin machines are not exactly the same as traditional ATMs but work in a similar fashion.

What is a Bitcoin ATM kiosk?

Bitcoin ATM kiosks are machines which are connected to the Internet, allowing the insertion of cash or a credit card in exchange for Bitcoin. They look like traditional ATMs, but they do not connect to a bank account and instead connect the customer directly to a Bitcoin exchange for a localized and convenient way to purchase Bitcoin in person.

Are there Bitcoin ATMs in the United States?

Some crypto ATMs offer only bitcoin, while others also allow users to take out other cryptocurrencies. Around the United States and the world, bitcoin ATMs are popping up in gas stations, convenience stores and other locations. As of October 2020, there were more than 9,000 bitcoin ATMs, according to Coin ATM Radar.

What are the best Bitcoin ATMs?

The top operators of bitcoin ATMs are Bitcoin Depot (19.1% of the market share), CoinCloud (14.1%) and CoinFlip (9.7%). When you spot a bitcoin ATM, you’ll often find it has a QR code plastered on it prompting you to download a particular crypto wallet that’s supported by the ATM machine.