How Does a Bitcoin ATM Work?
It works almost like the ATMs you use today.
There are a few differences:
Instead of inserting your debit card and getting cash, you insert cash and get bitcoins sent to your Bitcoin wallet (if you are buying bitcoins).
Some Bitcoin ATMs also let you sell bitcoins, so you would send bitcoins to the machine and the Bitcoin ATMs would spit out cash.
Why Use a Bitcoin ATM?
Bitcoin ATMs are a good way to buy bitcoins if you have one near you. You can use Coin ATM Radar's map to find locations.
Delivery of bitcoins with Bitcoin ATMs is instant, so you get your coins fast.
Buying bitcoins with ATMs is also private, since no personal information is required at most ATMs.
What are the Average Fees for Bitcoin ATMs?
The average fees are about 5-10%, although this can vary greatly depending on your country.
1. Go to the Bitcoin ATM Map
2. Search by Location
In the search box in the top left, type in the name of your country or city and click enter.
3. Find an ATM
Once you search, you’ll be taken to the location you entered on the map. If you see map pin markers, you’re in luck! That means there are Bitcoin ATMs in your area.
4. Choose an ATM
Click on one of the map markers for more details about a specific ATM. From there, you can also click on “Read More” at the bottom for even more details.