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What Is A Bitcoin ATM? What You Need To Know About Bitcoins ATMs



Posted on: April 4, 2022

Bitcoins ATMs, bitcoin machines, BTMs, crypto ATMs, cryptocurrency machines — no matter what you
call them, most of us know they exist and many of us might have used one.

There might also be some skeptics —those who don’t trust or see the point of bitcoins ATMs and don’t
realize they’re the wave of the future.

A quick check for online search trends will show how rapidly search phrases like “bitcoins machine
locations” and “bitcoins ATMs near me” have been increasing.

This is a testament to the increasing popularity of these accessible, secure, and very private ATMs,
making buying and selling cryptocurrency for cash as straightforward as possible.
One thing is sure — crypto ATMs are here to stay. But where did it all begin?

A Brief History of Bitcoin Machine Locations

When bitcoin and other cryptocurrencies started gaining popularity in the early-to-mid-2010s, it seemed
like only a matter of time until crypto-fied versions of some of the traditional banking features, like
ATMs, would spring up. In October 2013, that’s precisely what happened.

A Robocoin machine that opened in the Waves coffee shop in Vancouver, British Columbia, is broadly
accepted to be the world’s first bitcoin machine. In December 2013, Europe’s first bitcoin ATM was
installed in Bratislava, Slovakia. The United States got its first in February 2014, in a cigar bar in New
Mexico.

Finally, the first officially licensed bitcoin ATM was introduced in The Spitfire grill in Seattle in May 2014,
and the rest is history. Since then, the massive demand for “bitcoin machines near me” has seen
enormous growth, and there are over 30,000 available today in the United States alone.

How Bitcoin ATMs Work

Understanding where you can spend bitcoin and the many bitcoin machine locations available is one
thing, but understanding how bitcoins ATMs work is another.

Buy Cryptocurrency

You can buy bitcoin with cash. You’ll need the following:

— The money you want to deposit
— Your mobile phone
— A digital wallet

A quick search for “bitcoin Machines near me” will reveal the most convenient locations, and then you’re on your way. It takes just three steps:

— Select the “buy coins” option
— Enter your mobile number
— Follow the simple instructions to make your first successful crypto ATM purchase

The crypto is sent directly to the wallet you choose, and can also be sent as a gift for someone else.

Sell Cryptocurrency

Some bitcoin ATMs facilitate the selling of crypto, too. Again, it’s a simple three-step process:

— Transfer crypto from your digital wallet to the unique QR code of the machine
— Wait a few minutes for the verification process
— Grab your cash

It’s important to note that not all bitcoin and crypto ATMs offer cash for crypto, but the awesome ones
do!

Frequently Asked Questions

Besides the wildly popular online searches for “bitcoin machine locations” and “bitcoins ATM near me,”
you may have additional questions.

Q: Do I need to install a bitcoin wallet on my phone before arriving at
the ATM?

A: Yes. There are many good wallet apps out there. We suggest Edge Wallet. These apps can be found in the Google Play Store and Apple App Store

Q: What are the upper and lower limits for deposits?

A: That depends on the operator of the machine. Minimum deposits range between $5 and $100 and
maximum deposits usually range between $5,000 and $10,000, with some going as high as $25,000.

Q: Can I use a credit card to buy bitcoin at an ATM?

Most bitcoin ATMs are strictly cash only.

Q: Are bitcoin ATMs anonymous?

Transactions are made with cash, but since a wallet is involved, the transactions are more
pseudonymous than entirely anonymous. In other words, your name won’t be connected to the

Q: Are bitcoin ATM transactions immediate?

One of the best features of bitcoin ATMs is that transactions are virtually instant. Verification might take a minute or two, but that’s about it

What About Cryptobase ATM?

Cryptobase ATM is one of the most prolific providers of bitcoins ATMs in the United States.

Host an ATM in Your Store

Bitcoins ATMs are becoming one of the most popular ways to buy bitcoin. If you’re a business owner,
look into hosting a bitcoin ATM in your store. It’s a great way to differentiate your brand and get those
all-important feet through the door!

Buy or Sell Crypto for Cash

Cryptobase ATMs are available in the following U.S. states:

— Arizona
— Arkansas
— California
— Connecticut
— Florida
— Georgia
— Illinois
— Missouri
— North Dakota
— Oklahoma
— Tennessee
— Texas
— Virginia

Discover the closest bitcoin ATMs near you today