Bitcoin ATM Bitcoin Kiosk
Ok, what about the Bitcoin ATM aka Bitcoin Kiosk. What’s the difference between a Bitcoin ATM and a Bitcoin Kiosk?
Bitcoin kiosks look like traditional ATMs, but do not connect to a bank account and instead connect the user directly to a Bitcoin wallet or exchange. While some Bitcoin ATMs are traditional ATMs with revamped software, they do not require a bank account or debit card.
Bitcoin ATM (aka as BATM) is a kiosk that lets you buy Bitcoin using an automatic teller machine or a dedicated Bitcoin Kiosk. Some Bitcoin ATMs offer both the purchase of Bitcoin as well as the sale of Bitcoin for cash. Bitcoin machines are the same as ATMs but are similar.
Bitcoin ATM or Bitcoin kiosks are self-service machines connected to the Internet. You use cash or credit card in exchange for Bitcoin. They look like traditional ATMs, but they connect the customer directly to a Bitcoin exchange for a convenient way to purchase Bitcoin in person. Conventional interchange fees with banks are eliminated. Common locations are retail stores, shops, taverns, restaurants, malls or airports.
Bitcoin ATM aka Bitcoin Kiosk History
On October 29, 2013, a Robocoin machine opened in the Waves coffee shop in downtown Vancouver, Canada. This machine is understood to be the world’s first publicly available Bitcoin ATM. Robocoin ceased operations in 2015. The first machine in the United States went online on February 18, 2014, in a cigar bar in Albuquerque, New Mexico. It was removed 30 days later. On December 8, 2013, Europe’s first Bitcoin ATM was installed in Bratislava, Slovakia.
Here is a video example of atypical customer using a Bitstop Bitcoin ATM
Using the BitStop Bitcoin ATM
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