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If you’ve never tried using a Bitcoin ATM, here’s a handy guide on everything you need to know about Bitcoin ATMs.
Using a Bitcoin ATM is straightforward: users locate a nearby machine, follow on-screen instructions to either buy or sell Bitcoin and complete the transaction in minutes.
A Bitcoin ATM machine operated by Bitstop of Miami requires several quick steps to convert cash into the cryptocurrency.
The ATM machines make it much easier to deposit cash and purchase Bitcoin. But unlike traditional ATM machines, Bitcoin consoles don't typically allow withdrawals.
The machines — located in convenience stores, gas stations and even bakeries — are an easy way for people to buy cryptocurrency quickly with cash, which is harder to track than a wire transfer ...
The founders of LibertyTeller, Boston's new bitcoin ATM machine at South Station, explain how the system works, and why they think the trend will last.
Even as Bitcoin crashes, these machines are spreading—and can be perfect vehicles for cleaning dirty cash.