Term of the Moment

mail server

Look Up Another Term

Definition: Bitcoin ATM

A stand-alone automatic teller machine (ATM) for buying and selling bitcoins. As of 2020, there are more than 3,000 Bitcoin ATMs worldwide with more than a thousand in the U.S. ATMs are also available for Litecoin, Ethereum and other digital currencies. Like regular ATMs, a processing fee is applied, which ranges from 6 to 9% of the transaction amount. For more information, visit www.coinatmradar.com. See Bitcoin exchange.

A Bitcoin ATM
Weighing 400 pounds, this Genesis 1 Bitcoin ATM is a two-way unit that accepts and dispenses cash. Purchases and sales are entered directly into the user's mobile wallet via QR codes. A credit card reader is also built into the machine. (Image courtesy of Genesis Coin Inc., www.bitcoinatm.com)