What are Bitcoin ATMs?

Like standard ATMs, Bitcoin ATMs are a type of electronic kiosk where customers can make financial transactions, but they’re designed for cryptocurrency rather than cash. There are over 63,000 of these Bitcoin ATMs across the United States, according to research group How Many Bitcoin ATMs.

Should you buy bitcoin at a Bitcoin ATM?

Overall, if you’re looking to purchase a reasonable amount of bitcoin in a relatively private manner and you’re not particularly bothered about paying high fees, then a bitcoin ATM could be a good choice for you – provided there are machines in your area, of course.

How long does a Bitcoin ATM take?

The transaction usually takes around 10 minutes to be completed, although it might also take as long as an hour. For users who aren’t tech-savvy, bitcoin ATMs are an excellent gateway into crypto. Fortunately, it doesn’t come at the cost of compromised security because most ATMs don’t store users’ KYC information, bank details or private keys.

How do I find a Bitcoin ATM?

Just find your location and see where the nearest Bitcoin ATM is to you. If you are in the US, try out one of Coinflip’s ATMs that currently offers 10% off transaction fees when you use promo code “99BTC”. The map also allows you to search for Altcoin ATMs if you want to buy/sell other cryptos.