A Bitcoin ATM (Automated Teller Machine) is a kiosk that allows a person to purchase Bitcoin by using cash or debit card. Some Bitcoin ATMs offer bi-directional functionality enabling both the purchase of Bitcoin as well as the sale of Bitcoin for cash. In some cases, Bitcoin ATM providers require users to have an existing account to transact on the machine. There are two main types of Bitcoin.
The Bitcoin ATM or better known as the Bitcoin Teller Machine isn’t really comparable to the usually ATM machines in the banks. These are merely typical centers where a person can buy and sell the tokens with fiat money. When using such means of buying Bitcoins, the BTM is quite more expensive than making any online transactions since it has a higher infrastructure cost as well. One of the.
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