Bitcoin is one of the most popular cryptocurrencies of all time. Aside from the fact that this is the base of cryptocurrency, it is also a highly valuable coin to invest in. This is why more and more people are interested to learn more about this digital currency. Bitcoin ATM’s are becoming a hot topic lately. To those who do not know what a Bit Coin ATM is, then you have come to the right place! If you want to learn more about the Bitcoin Automated Teller Machine and how it works, then read along.
Introducing, The Bitcoin ATM
The Bitcoin ATM is not really an “ATM.” Its functions are more of like how a vending machine works. Experts explain that this is just like a physical bitcoin exchange. This machine can be used to buy and sell bitcoins using real cash. This means that instead of using your card to get real cash from traditional ATM machines, what the Bitcoin machine gives is Bitcoin. However, there are also hybrid Bitcoin ATMs where you can withdraw cash if you will deposit bitcoins.
Bitcoin ATMs, Who Makes Them?
Nowadays, there are three major companies that build Bitcoin ATMs. Robocoin is the first in this list and they are considered as the oldest manufacturers of Bitcoin ATMs. The ATMs that they made were large and looks so much like a regular ATM. The next company is GenesisCoin who created Genesis 1 ATM. The machine can receive up to 2,200 bills even if they are from different or international currencies. The last major company is Lamassu which produced a smaller Bitcoin ATM. Despite its size, it can work as efficiently as the other massive ATMs created by other companies.
Bitcoin Investment, Is It Worth It?
Bitcoin machines make it easier to buy and sell coins. This is also a very efficient way to exchange bitcoins for cash. This is one of the reasons why more investors are interested in Bitcoin and cryptocurrency. If they run out of cash, they can easily go to a Bitcoin ATM machine and withdraw cash instead of Bitcoin. So what are you waiting for? Do you think Bitcoin investment is for you? If it is then read more about the pros and cons of Bitcoin investments before you make the decision. Remember that Bitcoin is a high-risk investment and you should always be aware of that.
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