A bitcoin ATM is an Internet-connected kiosk that allows customers the ability to buy bitcoins and/or another cryptocurrency with deposited cash. Instead, bitcoin ATMs create blockchain-based transactions, which send cryptocurrencies to the user’s digital wallet. This is often done via a QR code.
Features
General process
Step 1 – Select the type of cryptocurrency you would like to buy.
Step 2 – Select the amount of Bitcoin or other digital currency you wish to purchase.
Step 3 – To receive the Bitcoin, scan your wallet’s barcode.
Step 4 – Insert your cash into the bill acceptor.
Step 5 – Wait a few moments for the transaction confirmation or receipt to be sent to your phone or email.