What is a Bitcoin ATM?
A Bitcoin ATM (also referred to as a Bitcoin kiosk) is a physical device used for withdrawing Bitcoin and other cryptocurrencies available as cash. Users can also use Bitcoin ATMs to buy cryptocurrencies with money and have the purchased cryptocoins sent to their software or hardware wallets immediately.
BTMs are much like the traditional ATM that dispenses fiat currencies where you use your debit card to withdraw TRY, EUR, INR etc. However, unlike the traditional fiat ATMs, some Bitcoin ATMs actually allow you to withdraw Bitcoin from it. Some help you convert your Bitcoin into fiat currencies, while there are also some that help with both like Gobaba Bitcoin ATMs. Currently there are 3110 Bitcoin ATMs in 7o countries from all over the world. You can find the full list below.
How Gobaba Bitcoin ATM works
You can buy Bitcoin and other cryptocurrencies in 3 simple steps:
- Scan Your QR Code — Use your crypto wallet’s and scan the QR code of your wallet address you’d like to send Bitcoin.
- Insert Notes — Enter the amount of cash to be exchanged for cryptocurrencies.
- Receive Cryptocoins— Press ‘Send Bitcoin’ and once your transaction is confirmed within seconds you will have your fresh cryptocoins right in your wallet!
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