A Cryptocurrency ATM is a physical kiosk that allows users to buy or sell cryptocurrencies using cash or debit/credit cards. These machines are similar to traditional ATMs but instead of dispensing cash, they facilitate transactions involving digital currencies like Bitcoin, Ethereum, or Litecoin.
To use a Cryptocurrency ATM, users simply follow the on-screen instructions to select the type of transaction they want to make (buy or sell), enter the amount, and then scan their digital wallet address QR code. The machine will then process the transaction, transferring the desired cryptocurrency to the user’s wallet or dispensing cash if they are selling.
Cryptocurrency ATMs provide a convenient way for individuals to exchange fiat currency for digital assets or vice versa without the need for a bank account or online exchange. They are located in public places such as shopping malls, convenience stores, or airports, making them easily accessible to anyone looking to participate in the cryptocurrency market.
