Bitcoin ATM aka Bitcoin Machine

Bitcoin ATM


bitcoin atm

bitcoin machines

Ok, what about the ATM aka Kiosk? What’s the difference between them?

For reference we do keep a running blog on Flipboard covering Bitcoin and yes, even crypto in general..

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 machines are traditional ATMs with revamped software, they do not require a bank account or debit card.

A BATM is a kiosk that lets you buy Bitcoin using an automatic teller machine or a dedicated Bitcoin Kiosk. Some 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.

These 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 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 machine. 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 machine was installed in Bratislava, Slovakia.


Here is a video example of a typical customer using a Bitstop ATM

Using the BitStop ATM

Related Links on Kiosk Industry

Useful Bitcoin Kiosk Links