What Is A Bitcoin ATM? How Does It Work?

A Bitcoin ATM is exactly what it sounds like. It’s a machine that works just like a regular ATM but lets you exchange cash for cryptocurrency. These machines can be found in many grocery stores, gas stations, and retail shops all across the US. Most ATMs let you take money from an online bank account and give you the appropriate cash in exchange. Bitcoin ATMs do the same thing. You can scan your eWallet QR code in exchange for physical USD, and the Bitcoin equivalent will be removed from your eWallet. Converting Bitcoin to cash at these machines is an exceedingly simple transaction. However, this isn’t the primary function of a Bitcoin ATM. They’re popular mainly because they serve as a hub that you can use to buy Bitcoin. You can insert cash or a debit card into the ATM. Because it functions as a place where you pay for cryptocurrency, the funds are converted to their Bitcoin equivalent. You will see the Bitcoin you’ve purchased in your eWallet within minutes. Join Andy from ‘What’s Trending?’ and Byte Federal for a comprehensive breakdown in this quick vid! FOR MORE INFO: https://www.bytefederal.com/what-is-a-bitcoin-atm/