Bitcoin ATMs News

Latest News on Bitcoin ATMs | Cointelegraph

Bitcoin ATM is a service that allows users to buy and sell Bitcoins with the use of cash. Exchange in the ATM might be more expensive than transactions online because the price of the infrastructure itself is higher due to setting up an ATM and because of operations needed for the transferring of fiat money and Bitcoins. All ATMs have almost the same list of steps for making operations. After verification, a user receives a Bitcoin address on their email or telephone so that the user can make a cash deposit, after which he gets a confirmation of the successful transaction. Bitcoin ATMs mainly perform as transferring machines, which are considered by law as payment systems. Usually, fees for transactions are about 5% and exchange rate is got from large online exchange platforms.