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.
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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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.
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.
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.
Satoshiware NQ wants to help grow North Queensland into a Bitcoin Cash friendly community and position the region at the forefront of technology.
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.
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.
Bitnovo produces and sells Bitcoin ATM's which also have the option to sell Bitnovo vouchers to redeem on the Bitnovo website. Customers do not need to register and enjoy a wide range of benefits.
Cryptospace ATMs are the first of their kind to incentivize customers to buy and sell cryptocurrencies with built-in cash balancing system eliminating the need for armored services to move cash.