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Easy Guide To Bitcoin ATMs – Bitcoin Magazine

What Is A Bitcoin ATM?

A Bitcoin ATM is a machine that buys or sells bitcoin for cash. These ATMs look like traditional ones, but they do not connect to a bank account. Instead, they connect the customer with a Bitcoin exchange.

Bitcoin ATMs can be a quick and easy way to buy bitcoin, and they’re also one of the most private ways to do so. Some Bitcoin ATMs even allow you to buy bitcoin with cash without requiring a bank account.

A Brief History Of Bitcoin ATMs

The first Bitcoin ATM was installed in October 2013 in Vancouver, Canada. The machine allowed people to exchange their Canadian dollars for bitcoin. Since then, the number of Bitcoin ATMs has exploded.

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