Category Archives: Bitcoin ATM KIosk

How to use a bitcoin ATM. Sounds pretty simple but it conjurs visions of hackers, the dark web and a bank of PCs with Nvidia processors mining for Bitcoin.

If you spend any time on Yahoo Finance, you can see the Bitcoin ATM deployments are up 85% this year, thanks in part to the coronavirus.

Bitcoin ATM installations have increased by 85% to 11,798, outpacing the previous year’s near 50% rise by a significant margin, according to data source Coin ATM Radar.

The spike demonstrates the rising popularity of bitcoin as a payment mode. The fear of getting a coronavirus infection has accelerated the growth in the broader contactless payment market this year, according to Global Trade Magazine.

In brief from Decrypt article
Bitcoin ATMs are a convenient way to buy and sell small amounts of the cryptocurrency.
For small transactions, they don’t require KYC, making them easier to use than setting up an account at an exchange.
Before transacting with a Bitcoin ATM you’ll need a cryptocurrency wallet, though some ATMs can set up a paper walllet for you.
How Do I Use a Bitcoin ATM?
Nice video by CoinFlip shows how to use one..
Bitcoin ATM Industry Links

coinatmradar.com
bitcoin.com
nationalbitcoinatm.com
Five things an ATM operator needs to consider entering Bitcoin ATM market