Bitcoin ATM

Bitcoin ATM

A Bitcoin ATM is a kiosk that allows individuals to buy and sometimes sell Bitcoin and other cryptocurrencies using cash or debit cards. These machines connect to the internet and enable users to perform transactions by scanning their Bitcoin wallet QR codes, facilitating the exchange of Fiat Currency for Bitcoin in a user-friendly manner.

Examples:

• General Bytes ATMs: These machines are widely used and support various cryptocurrencies alongside Bitcoin.
• BitAccess ATMs: Known for their ease of use, they often have a simple interface for quick transactions.

Use Cases:

• Buying Bitcoin: Users can purchase Bitcoin instantly using cash at locations like convenience stores.
• Cash Withdrawal: Some Bitcoin ATMs allow users to sell Bitcoin and receive cash, providing Liquidity for Cryptocurrency holders.