What are Bitcoin ATMs?
Basic Ideas
Binance Academy
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What are Bitcoin ATMs?
basic ideas
Bitcoin ATMs (or BTMs) allow users to buy and sell Bitcoin (and sometimes other cryptocurrencies) using cash or debit cards.
If you are new to cryptocurrency, you will need to set up a cryptocurrency wallet before using a Bitcoin ATM.
Bitcoin ATMs are easy to use but charge high fees, usually much higher than online alternatives, sometimes as much as 20% per transaction.
Bitcoin ATMs (or BTMs) allow users to buy and sell Bitcoin (and sometimes other cryptocurrencies) using cash or debit cards.
If you are new to cryptocurrency, you will need to set up a cryptocurrency wallet before using a Bitcoin ATM.
Bitcoin ATMs are easy to use but charge high fees, usually much higher than online alternatives, sometimes as much as 20% per transaction.
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