A Bitcoin ATM is a physical kiosk or machine that allows users to buy or sell Bitcoin using cash or a debit/credit card. These machines provide users with a way to easily purchase or exchange digital currency in a familiar, accessible setting.
Bitcoin ATMs work similarly to traditional ATMs, but instead of dispensing cash, they facilitate the buying and selling of Bitcoin. Users can deposit cash into the machine, which is then converted into Bitcoin and transferred to their digital wallet. Alternatively, users can sell Bitcoin by inputting the amount they wish to sell and receiving cash in return.
Bitcoin ATMs are becoming increasingly popular as they provide a convenient way for individuals to enter or exit the cryptocurrency market without the need for a bank account or online exchange. These machines are usually located in public spaces such as shopping malls, convenience stores, and airports, making them easily accessible to a wide range of users.
