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.

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. Common locations for Bitcoin ATMs are inside of a retail store, shop, tavern, restaurant, mall or airport. Keep reading to find out how Bitcoin ATMs work.


Bitcoin ATM image via SatoshiWare.com gallery

Bitcoin ATM Providers

ATM providers are third-party companies that sell the machines to merchants that want to install an ATM for their business. Adding an ATM to your location is one of the best ways to increase revenue for your business.

Lamassu

In 2013 we invented, designed and shipped the world’s first Bitcoin ATM, which we called the Bitcoin Machine. Five years later, with a bustling cryptomat industry, we present a whole new level of multi-cryptocurrency machine.

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General Bytes

GENERAL BYTES brings Android, Bitcoin and blockchain based technologies to new and unexpected places. Our mission is to become world's leading bitcoin and blockchain technology provider.

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Bitcoin Depot

Bitcoin Depot is the fastest growing multi-cryptocurrency ATM Network offering users the ability to buy and sell Bitcoin instantly at hundreds of locations across the United States.

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Genesis

Genesis is the premier provider of autonomous vending solutions for the digital asset space. Our machines make cryptocurrency simple for everyone. No math degree required.

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LocalCoin

Localcoin is a Toronto-based company whose mission is to provide a simple buying/selling experience of digital currency for customers while upholding privacy across Canada.

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Satoshiware NQ

Satoshiware NQ wants to help grow North Queensland into a Bitcoin Cash friendly community and position the region at the forefront of technology.

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Netcoins

Netcoins' software turns any device (computer, iPad, iPhone) into a Virtual Crypto ATM. With Netcoins Virtual Crypto ATM, you can just use existing wifi-enabled devices.

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BitVending

Brazilian company CoinWise has a brand of ATM's called BitVending. The company produces ATM kiosks and also installs them. BitVending supports both buying and selling of Bitcoin.

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Bitnovo

Bitnovo produces and sells Bitcoin ATM's which also have the option to sell Bitnovo vouchers to redeem on the Bitnovo website.

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Bitcoin ATM Map

There are 1200+ ATMs worldwide. Use the map to find Bitcoin Cash ATM locations near you.
Bitcoin Cash ATM Map brought to you by Coin ATM Radar.

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