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Bitcoin ATMs are specialized kiosks that allow users to buy or sell Bitcoin and other cryptocurrencies using cash or debit cards. These machines function similarly to traditional ATMs but are designed specifically for digital currency transactions. They provide a convenient way for individuals to access the crypto market without needing a bank account or online exchange.
To use a Bitcoin ATM, users typically scan a QR code from their digital wallet, insert cash, and confirm the transaction. The Bitcoin is then transferred directly to their wallet. Some Bitcoin ATMs also support selling Bitcoin for cash, offering a two-way service. These machines are often located in public places like shopping malls, convenience stores, and airports, making them easily accessible.
The popularity of Bitcoin ATMs has grown due to their ease of use and ability to serve unbanked populations. However, users should be aware of transaction fees, which can be higher than online exchanges, and ensure they comply with local regulations, such as identity verification requirements for larger transactions. |
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