Bitcoin ATM Map
What is a Bitcoin ATM?
A Bitcoin ATM is exactly what the name implies; an ATM for Bitcoin. With a Bitcoin ATM you can buy and sell Bitcoin securely and anonymously since you often don’t need to provide an ID or any verification.
How Does a Bitcoin ATM work?
It works exactly like the ATM you use for fiat currency (USD, EUR, etc). The main difference is that you cannot withdraw Bitcoin into a physical currency, nor do you move around the money from account to pocket.
With a Bitcoin ATM, you can only buy and sell Bitcoin. When you buy Bitcoins using an ATM you need to expect to pay a premium, since it is an anonymous way (most of the time), thus being a more risky business for the exchange offering the ATM.
Some ATMs allow you to sell Bitcoin as well. Then you and the ATM will agree on a price (they set the price), if you are satisfied you will send the amount to their Bitcoin address and the ATM will spit out your money.
Pros of using a BTC ATMs
Bitcoin ATMs are good for two reasons; fast delivery and privacy. These two pros come at a price of an average of 5-10% above market rate. It can be well worth it for those that want to buy Bitcoin fast and without handing out any personal information.
Cons of using a BTC ATMs
The premium price can be a bit hefty for some people. If you want to day trade BTC or want to make as much profit possible on your purchase of Bitcoins, and don’t mind handing out your personal information and waiting a few days to receive it, we would recommend you to look at some other exchange or method.
A possibility of being scammed: In York, in November 2018 there were reports of an ATM scamming a poor woman of $12,000, and others resulting in a total scam of $340K. This is with any booming market, there will be bad fish in the sea. However, if you use the Bitcoin ATM Map located at the top of this page you will be safe from this since they manually go through each ATM to make sure that it is a serious player in the ATM field.
Using the map above is a great way to buy Bitcoin using an ATM, since you will avoid the unserious ATMs and doesn’t put yourself at the risk of being scammed or sold too expensive coins. We highly recommend it for anyone that put their privacy first.