By Johnnie Viramontes 
A bitcoin ATM is much like a traditional fiat currency ATM where you use your debit card to withdraw USD, EUR, INR, etc.
However, unlike traditional fiat ATMs, some bitcoin ATMs allow you to withdraw bitcoins. Some help convert bitcoins to fiat currency, and there are some that help with both!
A notable aspect of these ATMs is that they allow you to buy/sell bitcoins anonymously. No KYC or AML is required to make transactions using a bitcoin ATM, which means that it is a very good way to protect your identity and privacy.
However, privacy does not come free. Bitcoin ATMs typically charge 7-10% to buy/sell bitcoins, and for some of us, that fee is worth the cost.
But to use a bitcoin ATM, you have to find one first, and that’s very difficult due to the small number of bitcoin ATMs around the world.
You can find the bitcoin ATM nearest to you with the help of Coin ATM Radar service, which provides the ability to find the nearest ATMs using a map of bitcoin ATMs around the world.
With this service you can get the following benefits:
- Find a bitcoin ATM on the map;
- Find the bitcoin ATMs/machines nearest to you;
- Get all the necessary information about this ATM (fees, limits, buy only, sell only, buy/sell);
- Find out how to get from your location to the selected ATM.
To find a Bitcoin ATM, you can go to the main website which provides a live ATM map.
- Add your location/city and press enter to search for ATMs (I added “Davos”);
- Select the nearest ATM and click to get details;
- Click “Get directions” to get location and directions on Google maps.