3 Best Bitcoin ATMs On The Market

3 Best Bitcoin ATMs On The Market

We explain what makes an ideal bitcoin ATM and review the three best manufacturers. 

When Waves Coffee Shop installed the first Bitcoin ATM in Vancouver, Canada, the cryptocurrency payment device remained a novelty and new phenomenon. Fast forward to today, and there are now 14,000 Bitcoin ATMs around the world. With the price index of Bitcoin surging in line with its overall popularity (one bitcoin has gone above 60,000 USD in value), and with cryptocurrency exchange requests growing as well, the gold rush of Bitcoin ATMs is now.

The numbers present a staggering opportunity. Coinbase reports over 35 million bitcoin wallets in use, while there are at least 64 million expected unspent transaction outputs (UTXOs), meaning roughly 100 million digital wallets have unused cryptocurrency funds. The infrastructure for business-to-consumer point of sale is rapidly growing, and manufacturers of ATMs have made the purchase and installation of a Bitcoin ATM simple, and easy.

Previous owners of Bitcoin ATMs already report making profits after six months of use, and that is before the explosion of public interest, the increase of customer support, and the availability of machines. For entrepreneurs, the idea of cryptocurrency ATM ownership has never been more attractive of a possibility — or as lucrative.

But what are the best ATMs? How can you discern and decide on a sensible investment in the unregulated field of cryptocurrency? The type and model you should buy will change based on a series of factors, such as the business you have, customers, and location (e.g., grocery stores vs. gas stations vs. casinos).

We will look into everything you need to know about purchasing a Bitcoin ATM, and then review the three best Bitcoin ATMs on the market – Genmega, Hyosung, and Triton – so that you can make an informed decision.

Selection Criteria For Purchasing A Bitcoin ATM

The purchase and installation of a Bitcoin ATM is not a simple buy-and-install. There are a few selection criteria categories to consider for you to get a positive return on investment, but also to ensure that the day-to-day management of your machine is hassle-free:

Reputable Industry Partnerships

Your Bitcoin ATM will connect with both a physical and digital infrastructure maintained by a variety of partners. From the specific self-service kiosk software to the future-forward bank relationships that can handle one-way and two-way cash transactions, you want reliable service. Many Bitcoin ATMs come with built-in integrations, revenue share programs, or platform-as-a-service capabilities that give you varying levels of control. It is in your best interest to research the partnership network each Bitcoin ATM relies upon so that you can select a provider that has high-quality, scalable solutions.

Local Support

Technical support from your bitcoin payment service is critical for business efficiency. Expert help with software solutions, sales support, hardware, and application troubleshooting, and even design input are tools you can use to limit costly downtimes and user friction. Select a Bitcoin payment provider that offers local support so that your ATM ownership is an advantageous experience

Enhanced Security

To ensure the safety of each payment transaction, the privacy of user data, and to prevent fraud, enhanced security applications are necessary selection criteria for a Bitcoin ATM. A reputable Bitcoin exchange provider will have features that protect against scam transfers. They will include physical and digital applications that verify each transaction (e.g., pin requests and ID scans). Protect against a variety of fraud situations like cryptodusting and cryptophishing. Plus, let’s not forget that your physical kiosk needs top-of-the-line metal manufacturing, and lock design to remain secure from damage and bad actors.

Regulatory Compliance

The legal ramifications change in different jurisdictions. Even though cryptocurrency is far less regulated than fiat currencies, governments still require payment services to abide by transfer rules. Often this means becoming compliant with a Money Service Business License (MSB), Know Your Client (KYC) Verification Rules or Anti Money Laundering (AML) Policies. A high-quality bitcoin payment provider will be compliant with a large majority, or all, regulatory bodies (e.g., Financial Crimes Enforcement Network), saving you time, and money.

  1. Warranty: If the machine you buy is defective, or has broken parts, a warranty with a comprehensive component replacement plan covers all costs. Most standard ATM warranties extend just past one to two years of coverage in North America — finding a payment provider with a warranty also speaks to the level of customer support and overall machine quality you will get with that service’s ATM.
  2. User Experience: With the need to stay compliant, several purchase/use barriers can limit engagement from the standard consumer. Plus, since Bitcoin ATMs still contain an element of novelty, and many users do not feel safe making exchanges at the physical kiosk (much of Bitcoins benefits is its advantages in monetary privacy). Reducing customer friction with an attractive design and a simple interface can make all the difference. For continued success as a bitcoin ATM owner, consider the impact of user experience.

The Best Bitcoin ATMs: Genmega, Hyosung, and Triton

With a clear understanding of what to look for in a Bitcoin ATM, we can review our three staff picks for the best Bitcoin ATMs on the market:


  1. Partnerships: Genmega is a well-known major player in the Bitcoin ATM Industry. Entrepreneurs often talk about the payment provider’s reliability, a perception earned by the high-level partnerships garnered over the years. Relationships with advanced technical partners such as Bitcoin Depot, Advanced Traction Solutions, and Genesis Coin speak about the extensive network of cryptocurrency industry leaders Genmega relies upon.
  2. User Design: Genmega also earns top marks for User Design, as their range of kiosks includes features such as touch screens, removable cash dispenser cassettes, backlit LED signage, and printer integrations for a variety of receipt printing options.
  3. Local Support: In regards to local support, Genmega offers extensive technical solutions, even presenting custom adaptations. Hardware, sales, and software support are presented in addition to distribution and design backing.
  4. Warranty: Genmega ATMs come with a two-year warranty (one year for shell kiosks), and they will replace any defective parts with same-day shipping.
  5. Security: Kiosks contain dial and electronic locks for physical security, and Genmega has a partnership with TPI for best-in-case lock and metal manufacturing. Advanced Transaction Solutions Inc provides state-of-the-art software security for your payment gateways, as well as verification hardware/software such as pin codes, and digital video footage setup.
  6. Compliance: Stated compliance with PCI, EMV, CE, ADA.

The Bottom Line: A reliable and modern-looking financial ATM that can fit in most environments. Ideal for hassle-free owners.


  1. Partnerships: Hyosung relies on a local distribution model, so its partnerships are widespread. For example, Bancsource controls local delivery in southern states, Automated Transaction Delivery integrates with fiat bank gateways, while Bitload4U and LibertyX manage the ATM software applications. As an ATM manufacturer, Hyosung is a well-connected and technical-first provider.
  2. User Design: Compared to the sleek look of the Genmega, Hyosung opts for simplicity. If you want a straightforward service for both customers and employees, then Hyosung delivers.
  3. Local Support: While the number of custom options is not as robust as they could be, Hyosung has expert technicians that offer high levels of technical support. Since Hyosung’s ATM lines include a more value-based approach, they streamline their support to online software help, or in-person fixes with a qualified technician.
  4. Warranty: Hyosung offers a standard two-year warranty for replaced parts. You do have to fill out a lengthy RMA form, but the company recently extended their warranty by 12 months in response to the Covid-19 pandemic, which speaks to the ATM provider’s character.
  5. Security: The extra security features are what sets Hyosung apart. PCI Complaint Keypads, extra break-in protection, and EMV readers can give you peace of mind. ActiveEJ, TLS encryption, and Near Field Communications can protect cardless transactions. Reinforced metal, double welds, and a protected cash tray with a security bracket make each kiosk a secure vault.
  6. Compliance: ADA, PCI, and they are a certified encryption security organization.

The Bottom Line: A simple model with advanced security features presents a great value buy.


  1. Partnerships: Triton does have an extensive distribution network, but its predominant partnership regarding Bitcoin is with Fintech Coinsquare. This allows Triton to piggyback off of their existing ATM networks to deliver cryptocurrency exchanges. Triton’s service chains are its true strength, stretching back to its time as Triton Systems (before Hyosung purchased it). Convert any regular Triton ATM into a cryptocurrency exchange with Coinsquare software.
  2. User Design: Simple in design and execution, Triton holds more value with nostalgia when it comes to user design. Familiarity and recognizability with standard ATMs can give Triton an edge when compared to other Bitcoin kiosks.
  3. Local Support: Triton offers real-time phone support, or they will connect you with a local technician through their extensive assist network. Triton also has a rapid turnaround for parts and repairs through its comprehensive reach with authorized distributors.
  4. Warranty: New ATMs receive 13 months of worldwide warranty coverage.
  5. Security: Triton has such a long history within the industry, which you can take comfort in. A variety of lock options and metal builds are available to you. Their software maximizes uptimes and has automatic recovery error to keep tight security. Triton is the “old faithful” of simple yet reliant ATMs.
  6. Regulatory Compliance: ADA, ISO, PCI, TQM

The Bottom line: A long-standing partner in the ATM Business, turn any standard ATM into a safe bitcoin exchange.

There’s a lot to consider when purchasing a Bitcoin ATM. From upholding compliance, maintaining robust security, and selecting a manufacturer with the needed software partnerships, making the right purchase can feel daunting.

If you need more information on purchasing a Bitcoin ATM, or just need help to assess your business needs, please contact us here to request a consultation — we would be happy to assist you.

How to Buy Bitcoin and Other Cryptocurrencies with USD

If you are interested in purchasing cryptocurrencies, this guide will explain all you need to know.

While investing in Bitcoin might seem like a tricky task, it is often much easier than you think! The world of decentralized and unregulated cryptocurrencies may have an element of novelty to them, but with a few simple tools: A hot wallet, a cryptocurrency exchange, and some internet connection, you could be the proud owner of digital crypto tokens. For all the details on what, how, and where you can buy cryptocurrencies with your USD, read this guide.

What types of cryptocurrencies can I buy?

There are over 4000 cryptocurrencies available as of 2021, from risky meme digital tokens like Dogecoin to stable, community managed, and developer built cryptography. The most common and popular cryptocurrencies (and often the most valuable) are:

  • Bitcoin: The poster child (and most revolutionary) of cryptocurrencies is Bitcoin, developed in 2009 by the mysterious pseudonym Satoshi Nakamoto. It is the first peer payment network powered by its users through a public ledger system called blockchain, making digital money completely deregulated from traditional financial institutions. This means fewer fees, enhanced privacy, simple global exchanges, and more liquidity.
  • Ethereum: Created in 2015 by Vitalik Buterin, Ethereum provides ether coins across a peer-to-peer network. Similar to bitcoin, it stores data information on a public blockchain, keeping the currency deregulated. In contrast with Bitcoin, Ethereum can deploy applications across its network, meaning you can add code and financial services. It is the worlds’ programmable blockchain, improving customer experience.
  • Litecoin: Compared to other cryptocurrencies, Litecoin uses a scrypt to maintain better fraud control. It can also be decoded by standard, consumer central processing units (CPUs), which means that the transaction time is far shorter than Bitcoin or Ethereum. Merchants who value speed and security select Litecoin as their cryptocurrency of choice.

How do I choose which cryptocurrency to buy?

Selecting the right cryptocurrency ultimately comes down to your preferences, but think of these factors when making your choice:

  1. Restrictions: Your geographic location will have several restrictions or compliance requirements for digital cryptocurrencies. Since cryptocurrencies are not centralized with governments, the line between legal tender is blurry. There are numerous payment service regulations that cryptocurrencies must abide by, such as MSB, AML, and KYC. Check your state regulations to make sure you can easily buy and sell the cryptocurrency you prefer.
  2. Volume: The more overall volume that a cryptocurrency trades, the more liquidity you will have access to. Bitcoin (over a trillion in capitalization) and Ethereum (over 400 Billion in capitalization) are both major digital exchanges with simple access and value that is less volatile. Cryptocurrencies with an expansive market value offer you stability — so you can rest easy, knowing that when you buy or sell your coins, your order will be filled.
  3. Security: Cryptocurrencies are digital money, and they all employ transaction encryption and time-stamped blockchain technology to store data. For the major digital coins, that means you can enjoy a high level of security. Still, over USD 3.8 Billion worth of crypto tokens were stolen by hackers in 2020. A little bit of research into lesser-known cryptocurrencies can ensure that your investment is secure. Pro tip: Only select cryptocurrencies with two-factor authentication.  
  4. Price: Cryptocurrencies have no backed asset like fiat currencies, so their price can drastically fluctuate with market speculation, especially for less popular ones. Check the price index of your ideal cryptocurrency to make sure you are buying into a stable exchange. You do not have to buy an entire coin (e.g., A single bitcoin is worth over 60,000 USD) and can purchase smaller pieces (one-hundredth of a bitcoin is called a Satoshi). Select a cryptocurrency that can divide down to your desired budget.

What do I need to do to buy digital currency?

You might be surprised at how easy it is to log in and buy cryptocurrency. All you need are a digital hot wallet and access to the internet.

  1. Select a hot digital wallet and wallet providerA hot walletis your holding center for your digital money. It stores on either your computer, an online software service, or a vault service protected by passcodes. You can get a hot wallet attached to a digital exchange, or you can open an account with a third-party service provider. Note that your Bitcoin wallet is not always the cryptocurrency provider, though many wallets and exchanges are linked together.
  2. How to buy bitcoin or other cryptocurrencies You can now buy cryptocurrencies in a variety of ways
    1. Via credit card through centralized online exchanges
    2. Directly through a linked hot wallet
    3. Through a peer-to-peer trading platform
    4. From a verified, decentralized currency exchange
    5. Through a physical bitcoin ATM

Bitcoin ATMs are growing to become the most popular and convenient ways to buy and sell cryptocurrencies. With an easy customer interface, the ability to exchange fiat cash for bitcoin, secure partner networks, and quick transactions, it is no wonder there are now over 14,000 Bitcoin ATMs worldwide.

How to buy Bitcoin with an ATM

Buying Bitcoin through an ATM is a simple process, and it is very similar to the user experience of traditional ATMs. Once you pass the standard identity verifications, follow the on-screen prompts to buy or sell digital tokens with your hot wallet, credit card, or fiat cash (machine-dependent).

While many Bitcoin ATMs let you exchange Bitcoin without a hot wallet, it does give you a unique QR code when you complete a transaction. Store and keep that receipt QR code on hand until you need it again because the codes are like cash in hand. It is the digital representation of your money. If someone mugs you and steals the QR code, your cryptocurrency investment is gone.

For detailed and sequential steps on how to buy and sell Bitcoin through an ATM, check out our handy guide here.


With Bitcoin and several other cryptocurrencies growing in popularity, and with many merchants offering payment in digital money, there has never been a better time to buy and sell crypto tokens. If you want more information on accessing a cryptocurrency exchange or buying and selling cryptocurrencies through a Bitcoin ATM, contact AtmMachines.com, LLC here. We would be happy to answer any questions you might have.

The Rise of Blockchain & Cryptocurrency ATMs

From the moment we became able to purchase goods and services electronically and online with the click of a button, it seems that the evolution of cryptocurrency was inevitable. After all, if we can transfer money digitally, it naturally follows that our currency might become digital, too. As various cryptocurrencies like bitcoin have mushroomed in value, more businesses have started accepting them as forms of payment — which in turn, has made the rise of blockchain and cryptocurrency ATMs inevitable, too.

For consumers and business owners who are new to the idea of cryptocurrency and bitcoin ATMs in general, let’s give a little background on the idea of blockchain and how cryptocurrency works.

What Is Blockchain?

Blockchain technology serves as the foundation of all cryptocurrency — but what, exactly, is blockchain? Put as simply as possible, blockchain is a form of secure data entry that is updated simultaneous on all computers connected to a network (a peer-to-peer, or P2P, network). At its heart, it’s not that much different than an open-source, community-driven platform like Wikipedia. Virtually anyone can create and edit entries in Wikipedia, and the entry will update automatically for anyone who accesses that entry. The biggest difference with blockchain is that it is encrypted data.

How Blockchain Works with Cryptocurrency

When someone makes a cryptocurrency transaction — for example, when someone purchase bitcoin, or uses bitcoin to make a purchase — that transaction is recorded in the blockchain and instantly propagated across all computers in the network. (This makes transactions exceedingly simple since bitcoin and similar currencies are effectively data.) What makes blockchain so effective in this case is that the transactions are both secure and transparent. They are secure because they are encrypted, making it difficult for hackers to tamper with them; and they are transparent in that every computer updates with the same information, so it is very difficult (if not impossible) to tamper with the books or hide transactions.

What this technology means for bitcoin users is that every time you conduct a transaction with bitcoin, it instantly and securely registers across the global network how much you bought or spent while still protecting your identity and privacy. This makes it incredibly easy to conduct transactions across the world with little risk of theft or tampering.

Which Types of Businesses Benefit from Cryptocurrency?

Cryptocurrency is now being accepted by a wide range of businesses, ranging from e-commerce sites to local retailers to national chains like Subway. Specifically, cryptocurrency might be a good fit for your business in any of the following situations:

  • If you conduct transactions internationally. Cryptocurrency bypasses many of the complex foreign banking processes.
  • If you conduct a lot of business online.
  • If you run a marijuana dispensary. While cannabis is becoming legal in many states, the federal government still considers it a controlled substance, which means federally insured banks can’t do business with dispensaries. Cryptocurrency gives you an alternative form of payment to cash-only or running funds through a bank.
  • If you simply want to provide an alternative form of payment.

If your business accepts bitcoin or other cryptocurrencies as a form of payment, it might be in your best interests to install a bitcoin ATM in your place of business to make it easy for your customers to use this form of payment. To learn how we can help, call AtmMachines.com, LLC at 1-866-295-2329.

How to Use a Bitcoin ATM

As cryptocurrencies like bitcoin continue to grow in popularity as an alternative form of currency, more and more businesses are starting to accept bitcoin as a form of payment for their products and services. If you choose to accept this form of currency, you can even install a bitcoin ATM at your place of business, making it convenient for customers to pay by bitcoin or even enabling them to buy bitcoin as a courtesy.

Of course, bitcoin is a new concept in currency, and bitcoin ATMs operate differently than standard ATMs as a result. Before you install one in your business, you need to understand how to use it yourself — especially considering you may have to explain to your customers how it works. So let’s do a quick crash course on how to use a bitcoin ATM.

The Basic Concept of a Bitcoin ATM

Bitcoin ATMs run on a similar concept to conventional cash ATMs in that they are both exchange platforms. A conventional ATM gives you cash in exchange for initiating a withdrawal from your bank account. A bitcoin ATM lets you exchange physical currency for cryptocurrency using either cash or a credit/debit card. The process is different for each type of ATM, but understand that the basic concept is the same.

Your Bitcoin Wallet

The next thing to understand is how bitcoin is stored once you purchase it. When you use a cash ATM, the machine spits out cash that you presumably place in your wallet. In similar manner, when you buy bitcoin, that currency must also be stored in a “wallet” — in this case, a digital wallet. This digital wallet is identified by a QR code which most users store on their smartphone. (Remember, bitcoin is essentially data.)

The reason this is important is that when you use a bitcoin ATM, the machine needs to know where you plan to store the bitcoin. If you already have a digital wallet, it will ask to scan the QR code from your smartphone. If you don’t have a digital wallet yet, it can generate a new wallet for you, creating a new QR code for you to print out or scan.

Using the Bitcoin ATM

The specific process of buying bitcoin may be slightly different depending on the type of ATM machine you’re using — but the general steps to making a purchase are as follows:

  • You select “Buy.”
  • The machine asks to verify your identity in some fashion. (Quite often this happens by asking for your mobile phone number and texting you a verification code.
  • The machine prompts you for the QR code of your digital wallet. You can usually provide this by opening up the QR code on your smartphone and holding it up to the scanner. (Again, if you don’t have a digital wallet, the machine can generate a unique QR code for you.)
  • If the machine offers several types of cryptocurrency (other than bitcoin), it will ask you to select which type you which to buy.
  • You will be prompted to insert cash for the purchase (or in some cases, you can purchase using a debit or credit card).
  • You select “Send coin.”
  • The machine transfers the bitcoin to your digital wallet.
  • The machine provides confirmation of your purchase. This may be by printed receipt, asking you to scan the QR code from the screen, or both.

At this point, you can use the bitcoin in your digital wallet to make purchases with any company that accepts this form of currency.

Bitcoin is now being accepted by a growing number of businesses from boutique online stores to national fast food chains. If your business accepts bitcoin as a form of currency, installing a bitcoin ATM makes perfect sense because it makes it easy and convenient for your customers to obtain it — not to mention you receive a percentage of the exchange rate. To learn more about how a bitcoin ATM can help your company, call AtmMachines.com, LLC at 1-866-295-2329.

What You Need to Know About Bitcoin ATMs

In recent years, cryptocurrencies like bitcoin have seen such a surge in value that investors have been scrambling to buy up as much of it as possible. But because it’s actually a form of currency, bitcoin can also be used to purchase products and services, even at brick-and-mortar businesses. This has led to a rise in blockchain and cryptocurrency ATMs placed in businesses across the country. If your company is set up to accept cryptocurrency as a form of payment, here’s what you need to know about bitcoin ATMs.

How They Work

If you’re confused as to how to use a bitcoin ATM, you’re not alone, as most people are still getting familiar with the technology. Bitcoin ATMs work a bit differently than standard cash ATMs, although the concept is similar. Both are basically exchange platforms, but while a cash ATM gives customers cash in exchange for a withdrawal from their bank account, a bitcoin ATM allows them to exchange actual currency for cryptocurrency, either by a cash deposit or with a credit card. After confirming the user’s identity, the ATM finds an exchange platform with the best exchange rate and completes your purchase by transferring bitcoin (or other cryptocurrency) immediately into the person’s digital wallet. He/she may also print out an offline receipt with a code or have a code emailed to them. The customer then presumably uses the cryptocurrency to make a purchase with you, the same as a cash customer would after using a conventional ATM.

Are They Safe?

Given the rise of cybercrime over the past few years, it’s understandable that people might wonder whether bitcoin ATMs are safe to use. The reality is that from a security standpoint, bitcoin ATMs are no different than conventional ATMs — they’re just using a different kind of currency. If you’re comfortable pulling cash out of a regular ATM, you should feel just as comfortable using a cryptocurrency ATM. In fact, the blockchain technology behind cryptocurrency is both transparent and instant, which means every transaction is instantly “seen” and updated across all channels, and all data is preserved in multiple places. This makes blockchain very difficult to hack or manipulate because discrepancies are easy to spot. Thus, from one perspective, bitcoin ATMs may actually be safer to use than cash ATMs.

What Businesses Benefit from Bitcoin ATMs?

Obviously, most companies that operate 100-percent online don’t really need a bitcoin ATM since they can accept cryptocurrency directly online. However, many brick-and-mortar companies now see the value in accepting bitcoin and other cryptocurrencies as an alternative type of payment, especially considering how these currencies themselves have exploded in value. In particular, bitcoin ATMs are very useful to marijuana dispensaries since federal law currently stops these businesses from taking credit card payments or depositing cash into banks. However, we’re now seeing bitcoin accepted by major brands like Subway all the way down to mom-and-pop pizza joints. Bottom line, if your company accepts bitcoin, you can increase your sales by making a bitcoin ATM available to your customers. To learn more about how this exciting technology can work for you, call AtmMachines.com, LLC at 1-866-295-2329.

Using Bitcoin ATMs for Marijuana Dispensaries

With 10 states (plus the District of Columbia) and counting having legalized recreational marijuana, and nearly every state legalizing it for medicinal purposes to one extent or another, marijuana dispensaries are popping up on street corners all across the country. It’s one of the fastest growing industries and is expected to gross billions of dollars over the next decade. However, the marijuana industry faces many obstacles and challenges that other industries don’t have to worry about. Fortunately, the cryptocurrency industry and a new type of ATM are providing a solution.

While marijuana is slowly becoming legal in a larger percentage of the country, using and selling it for recreational purposes is still seen as a crime on some level. As a result, a lot of credit card companies and banks won’t do business with marijuana dispensaries. Without the support of a bank or financial institution, it’s almost impossible to operate a business in today’s world. Some cannabis shops have been forced to open accounts under an alias to hide what they sell. The rest have to conduct business entirely with cash, which can complicate things while also making them vulnerable to robbery attempts.

Naturally, most marijuana dispensaries utilize ATMs so that their customers can withdraw the cash they need to make purchases from the shop. But another type of ATM is becoming increasingly popular inside marijuana shops, and it’s called a Bitcoin ATM. Unlike traditional ATMs, users do not physically withdraw Bitcoins from the machine; that would just be asking for trouble in the form of more robberies. However, it does allow patrons of marijuana dispensaries to make purchases without having to use cash. It also makes it easier for shops to get by without the backing of a bank or other financial institution.

Physically, Bitcoin ATMs are free-standing machines like traditional ATMs. However, they are used a little differently. Rather than allowing users to make withdrawals, they allow users to access a cryptocurrency exchange platform that allows them to use cash or a credit card to buy Bitcoin and other types of cryptocurrencies that they can turn around and use to make purchases at a marijuana dispensary. The machine has specialized software that enables quick and convenient cryptocurrency transactions.

Bitcoin ATMs have become so important to the marijuana industry that a company that makes Bitcoin ATMs called Virtual Crypto Technologies has created a machine designed specifically for cannabis dispensaries. When a buyer is ready to make a purchase, they scan a QR code that appears on the shop’s point-of-sale screen interface. This code is specific to each individual transaction. Within seconds, minutes at the most, the store will receive confirmation that Bitcoin or another cryptocurrency has been transferred to pay for the products being purchased.

The software inside the machine allows the transaction to happen in real time. It also searches various cryptocurrency exchange platforms to find one with the lowest exchange rates, ensuring that buyers get a good deal when they are purchasing the Bitcoin. Essentially, the customer is buying Bitcoin and immediately turning around and selling that Bitcoin for products at the marijuana dispensary. With Bitcoin ATMs and similar machines, the process happens in minutes and seconds, making for quick and easy transactions that anyone visiting a marijuana dispensary can use to make a purchase.

Contact National ATM Wholesale today to learn more about using bitcoin ATMs for marijuana dispensaries.

Are Bitcoin ATMs Safe to Use?

There’s a new type of ATM popping up in hotel lobbies, convenience stores, and all of the other usual places where ATMs can typically be found. But these are not like any other ATM, they are Bitcoin ATMs. Rather than being used to withdraw money or conduct banking, Bitcoin ATMs allow people to buy and sometimes sell Bitcoin and other cryptocurrencies on the go. Of course, since they are still relatively new, many people are wondering about the safety of Bitcoin ATMs.

Fortunately, there are a lot of measures in place that help ensure that Bitcoin ATMs are safe to use. While the process of using a Bitcoin ATM is a little different from traditional ATMs, the safety measures are comparable. If you feel safe using a traditional ATM to withdraw money, you shouldn’t have any concerns about using a Bitcoin ATM.

First, it’s worth mentioning that Bitcoin ATMs are not connected in any way with traditional banking institutions. However, most Bitcoin ATMs are owned and operated by established business entities that should be trusted. Most operators include their address, email address, and phone number on the machine, making it easy for users to contact them if there’s a problem. Users should also take comfort knowing that they only interact with the interface of the machine. Like traditional ATM transactions, everything on a Bitcoin ATM is performed via the Internet, so there are no other people involved.

The purchase of buying Bitcoins through a Bitcoin ATM also has security measures in place. Assuming you already have a Bitcoin address and cryptocurrency wallet, you can scan your QR code to start the process. You will then enter your phone number into the machine, receiving a one-time password via text message within a few seconds. You just enter that password into the machine to confirm that it’s actually you standing in front of the machine and you’ll be free to proceed.

If you don’t already have a Bitcoin address, there are a few more steps for security reasons. You will likely be asked to ID, which usually involves the machine scanning both sides of your driver’s license. Some Bitcoin ATMs will also take a picture of you to double check that the person standing at the machine matches the picture on the driver’s license. As long as all of that checks out, you’ll be able to insert cash into the machine and purchase Bitcoin or other cryptocurrencies.

After making your purchase, the Bitcoins will be inserted right into the digital wallet that’s associated with the QR code you provided. You can also print out confirmation of your Bitcoin purchase or have it sent to you via email. Either way, you’ll have proof or your safe and secure purchase through the Bitcoin ATM.

Obviously, you’ll want to take the same security measures with a Bitcoin ATM as you would a traditional ATM. This means using a machine that’s in a well-lit area and an open space. Of course, it’s also good to know that many Bitcoin ATMs have security cameras and video analytics that can detect loitering or other types of suspicious behavior around the machine. If anything out of the ordinary occurs near the machine, security personnel can be notified. This should help ease any concern you have with using one of the many Bitcoin ATMs that are becoming more and more common in our world.

Contact AtmMachines.com, LLC to learn more about bitcoin ATMs.

How Do Bitcoin ATMs Work?

Whether it’s in hotel lobbies, restaurants, convenient stores, large public events, or any number of other places, ATMs have become commonplace in today’s world. However, there’s a similar machine that’s starting to make headway in our society, and it’s the Bitcoin ATM. While these hold some resemblance to traditional ATMs, they serve a different function. Rather than withdrawing money or conducting banking transactions, they allow consumers to buy and sell Bitcoin and other cryptocurrencies while on the go. So, how exactly do Bitcoin ATMs work?

At first glance, the prospects of using a Bitcoin ATM may seem a little intimidating. However, they are designed in a way that makes them easy to use for people who don’t have a lot of experience with Bitcoin and cryptocurrencies, including people who aren’t that great at using technology altogether. Most Bitcoin ATMs are set up to help people purchase Bitcoins, although some also allow users to sell Bitcoins.

Naturally, the first step is to confirm your identity. Rather than having a traditional ATM card, Bitcoin ATMs will often ask for your phone number. You will then be sent a verification code via text message that you will enter into the machine. Most Bitcoin ATMs will also ask users to scan a driver’s license or another form of ID in order to verify personal information.

After you have confirmed your ID, you will input a dollar value indicating how much money you want to spend on your Bitcoin purchase. There will usually be a limit as to how much you can purchase but nothing that would inhibit most users. Once you pick a dollar amount, you insert that money into the machine. However, some machines will accept credit cards for users purchasing large amounts of Bitcoin.

Once you have inserted your money or credit card, the Bitcoin ATM will connect with a cryptocurrency exchange platform and make the purchase. The software should search through various exchange platforms to find the best exchange rate. If you already have a bitcoin wallet, you can scan it on the Bitcoin ATM and the machines will send the Bitcoins you just purchased straight to that wallet. You also have the option to print out an offline wallet with the details of your purchase or have the QU code sent to you via email.

The process of selling Bitcoins at a Bitcoin ATM is similar, although not every machine may offer a selling option. Once your ID has been verified, you input the amount you want to sell in standard currency and send that amount in Bitcoins to the address on the screen. The machine will then dispense cash just like a traditional ATM.

It may sound confusing at first, but the same could be said of standard ATMs the time you used them. After using a Bitcoin ATM once or twice, most people should get the hang of it. There are even resources to help you locate the Bitcoin ATM nearest to you. You may be surprised to learn just how many Bitcoin ATMs there are in the world, how easy they are to find, and most importantly, how easy they are to use.

Contact AtmMachines.com, LLC today to learn more about bitcoin ATMs.