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How Do Bitcoin ATMs Work?

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velarymke
How Do Bitcoin ATMs Work?

 

A Bitcoin ATM, as the name implies, is similar to a regular ATM - except that it transacts in Bitcoin.
In short, it is an electronic machine, installed in a physical location, that facilitates the exchange of cash for cryptocurrency. You can find out how to use bitcoin atm with debit card on the website of the cryptocurrency exchange Changelly.
Usually set up as a small kiosk with a screen interface, a Bitcoin ATM offers a convenient way to transact Bitcoin (BTC). Using one is similar to using a traditional ATM machine to access a bank account.
Not all Bitcoin ATMs are alike: some models allow you to convert your Bitcoin into fiat currency in order to withdraw cash, while others allow you to insert cash to buy Bitcoin.

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