What Are Crypto ATMs?

What Are Crypto ATMs

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Crypto ATMs are automated teller machines that allow users to buy and sell cryptocurrencies, such as Bitcoin, using cash or a debit card. They work by connecting to a cryptocurrency exchange, where the user can then buy or sell the supported cryptocurrencies.

In addition, some crypto ATMs allow users to withdraw cash in exchange for their cryptocurrency holdings. The process of buying or selling cryptocurrencies at a crypto ATM is similar to using a traditional ATM, with the user entering their information and completing the transaction on the machine’s interface.

Popular ATM Distributors

Some popular distributors of crypto ATMs include:

  1. Genesis Coin: Genesis Coin is one of the largest manufacturers of crypto ATMs, with machines that support a variety of cryptocurrencies, such as Bitcoin, Ethereum, and Litecoin.
  2. General Bytes: General Bytes is a Czech Republic-based company that manufactures and sells Bitcoin ATMs. They are known for their BATMTwo and BATMThree models. In addition, they support over 60 cryptocurrencies.
  3. Lamassu: Lamassu is a Swiss-based company that manufactures and sells Bitcoin ATMs. They offer a single model, the Lamassu Bitcoin ATM, which supports Bitcoin, Ethereum, Bitcoin Cash, Litecoin, Zcash, Monero, Dash, and USDT (ERC-20).
  4. BitAccess: BitAccess is a Canadian-based company that manufactures and sells Bitcoin ATMs. They offer several models, including the BitAccess BTM and the BitAccess Mini.
  5. Coinsource: Coinsource is a US-based company that operates and installs Bitcoin ATMs, They have a network of machines across the US, and it is one of the largest Bitcoin ATM networks in the US.
  6. Coinme: Coinme is a US-based company that operates a network of crypto ATMs, focusing on the US market. They support multiple cryptocurrencies, including Bitcoin, Bitcoin Cash, Ethereum, Chainlink, Polygon (MATIC), Dogecoin, and Litecoin.
  7. Bitcoin of America: Bitcoin of America is a US-based company that operates a network of crypto ATMs. They focus on the US market and offer support for multiple cryptocurrencies, such as Bitcoin, Litecoin, Ethereum, Dogecoin, Shiba Inu, Zcash, and Bitcoin Cash.
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These are just a few companies manufacturing and operating crypto ATMs. Keep in mind that crypto ATMs are becoming more and more widespread, so the number of distributors and operators is likely to continue to grow.

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