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What is a Bitcoin ATM 2019 guide

Bitcoin-ATM-in-Ottawa-Wix-Mart-150x150 What is a Bitcoin ATM 2019 guideA Bitcoin ATM (automatic teller machine) is a kiosk that allows the exchange of Bitcoin or Alts for cash.


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All Bitcoin ATMs sell Bitcoins and some Bitcoin ATMs also buy Bitcoins.

Bitcoin ATMs are not ATMs in the traditional sense, they do not connect to any bank account but directly to a Bitcoin exchange, for the price quotes.

How much fee will you pay using a Bitcoin ATM?

Using a Bitcoin ATM is without doubt a very easy way to buy bitcoins, but not the cheapest one. The average ATM charges a fee of 5-10%. that is the price of privacy since most don’t require verification. When you are using a specific machine read the instructions before you make the buy, it usually contain all of the info, including the fee.

How do you actually buy the coins

A Bitcoin ATM is the fastest way to buy (and sell) bitcoins, and the process can be completed in minutes. Almost all ATMs have the same basic process:

  • You scan the QR code of your Bitcoin address.
  • You feed bank notes into the machine.
  • You click Send and wait for the Bitcoin to appear on your wallet address.

How do you locate a bitcoin ATM

Here are two leading sites that can help you locate a Bitcoin ATM near your location:

coinatmradar.com
CoinATMRadar, a website that compares more then 3500 ATMs worldwide.  The ATMs on CoinATMRadar are displaid on a map, Each one with its own features. Read the full review.

Bitcoin-ATM-in-Ottawa-Wix-Mart-150x150 What is a Bitcoin ATM 2019 guide

coinatmradar Bitcoin ATMs map

bitcoinatmmap.com
This is another Bitcoin ATM location map service. A map configuration can show you a variety of things including the fee %, location, nearby amenities, type of machine, and type of transaction. You can also add information about any of the ATMs.

Bitcoin-ATM-in-Ottawa-Wix-Mart-150x150 What is a Bitcoin ATM 2019 guide
bitcoinatmmap Bitcoin ATMs map

 

A comprehensive list of all Bitcoin ATM Manufacturers:

 

Bitcoin-ATM-in-Ottawa-Wix-Mart-150x150 What is a Bitcoin ATM 2019 guide

General Bytes 

There are many new Bitcoin ATM manufacturers today, but General Bytes, a Czech company, is one of the oldest and popular ones. Its machines are simple and supports various types of coins. they also work 2 way – buying and selling coins. Read General Bytes ATMs full review here.

 

Bitcoin-ATM-in-Ottawa-Wix-Mart-150x150 What is a Bitcoin ATM 2019 guideGenesis Coin

Genesis is a leading provider of “autonomous vending solutions for the digital asset space”. To purchase a Genesis machine you simply fill a form on the websites home page.

 

 

 

LamassuBitcoin-ATM-in-Ottawa-Wix-Mart-150x150 What is a Bitcoin ATM 2019 guide

Lamassu machines are manufactured in Portugal. The company has four ATM models: Sintra, Sintra Forte, Gaia and Douro II. The smallest machine weigh 25 kgs and can be wall-mounted or table-mounted. Read Lamassu ATMs full review here.

 

 

 

 

BitAccessBitcoin-ATM-in-Ottawa-Wix-Mart-150x150 What is a Bitcoin ATM 2019 guide

Bitaccess sell “Physical kiosks” / Bitcoin ATMs. The company’s two models are BTM C and BTM SE. they feture a Buy & Sell option (Two-way),  up to 1200 notes cashbox, a 19” Touchscreen, QR Scanner and Thermal Printer for receipts / Paper Wallets. Included with the machine is ongoing software updates, an online dashboard and phone & email support.

 

 

Coinsource

Covault

Order Bob ATM 

Digital Mint

Shitcoins Club 

Coinme 

Sumo ATM 

Bytefederal 

zzBit

wBTCb 

RusBit 

BTC facil 

BBFPro 

Bcash Greece Inc 

Intellogate

BitTeller 

Bitstop

ChainBytes

Bitnovo

Vault Logic 

Trovemat 

CoinLogiq

BTCRiot 

Criptec 

Open Bitcoin ATM 

Criptomat 

DOBI ATM 

Coin Capital

CryptoMat

CryptoMatic ATM

CryptoGo

BitOcean

Bitcoin Já

BitVending

Coinplug

Fastcoin ATM

Virtual Crypto

 


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Remember that it's not safe to leave large sums of money on any cryptocurrency exchange. That means you are leaving your money in someone else’s wallet. The best choice is a hardware wallet such as Trezor or Ledger. Click here to read our Guide to Bitcoin and Altcoins wallets 2019.

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