What is a bitcoin ATM?

Bitcoin ATM’s or BTM’s (Bitcoin Teller Machines) are machines where consumers can use cash or debit cards to buy or sell bitcoin. BTM’s can be part of existing ATM’s, a separate standalone machine entirely, or even a “virtual machine” via a cashier/teller. Bitcoin ATM’s serve an important role for consumers who want to purchase bitcoin in-person or instantly.

The first bitcoin ATM was installed in Canada in 2013 and the first U.S. bitcoin ATM was installed in February 2014. Today there are over 23,000 bitcoin ATMs and growing in the U.S.

Published by Satoshi Nakamoto on January 31, 2021January 31, 2021