Bitcoin ATM

In crypto terms, a Bitcoin ATM is a physical kiosk that allows individuals to buy or sell Bitcoin using cash or debit cards. These machines are typically connected to an online exchange and facilitate instant transactions between fiat currency and Bitcoin. Bitcoin ATMs are necessary as they provide a convenient and accessible way for people to enter or exit the cryptocurrency market. They offer a more familiar and user-friendly experience compared to online exchanges, particularly for those who are new to cryptocurrencies. Bitcoin ATMs also cater to individuals who prefer using cash for their transactions, as they allow for buying Bitcoin directly with physical currency. Moreover, Bitcoin ATMs contribute to the overall adoption and integration of cryptocurrencies into mainstream financial systems by increasing their availability and accessibility. These machines can be found in various public locations, such as malls or retail stores, providing a simple on-ramp for individuals interested in engaging with Bitcoin.