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Bitcoin ATM
What is Bitcoin ATM?
A Bitcoin ATM is a physical machine that allows users to buy or sell Bitcoin using cash or credit cards. Unlike traditional ATMs that dispense physical currency, Bitcoin ATMs let users exchange fiat money for Bitcoin, which is then transferred to a digital wallet. These ATMs provide a convenient way for people to access Bitcoin without the need for an exchange account. Users typically scan a QR code from their crypto wallet, insert cash or use a card, and the equivalent amount of Bitcoin is sent to their wallet. Some Bitcoin ATMs also support selling Bitcoin, allowing users to convert their Bitcoin into cash.
Bitcoin ATM Example
For example, a person could walk up to a Bitcoin ATM, insert $100, and receive a corresponding amount of Bitcoin based on the current market price, minus any transaction fees. Bitcoin ATMs are becoming increasingly common in cities around the world, making it easier for people to interact with cryptocurrencies in a familiar setting.
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