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Bitcoin and other cryptocurrency ATMs: what they are, how they work and where...

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发表于 2024-3-7 14:00:21 | 显示全部楼层 |阅读模式

Will the day come when there are many bitcoin and other cryptocurrency ATMs in every city and their use is everyday? It seems complicated, given that the extreme volatility of digital currencies makes them prone to remaining a high-risk investment system and not becoming a commonly used means of payment. In any case, although slow, there is a proliferation of cryptocurrency vendors. Something that, and it must be clarified, does not bring the industry closer to the desired widespread adoption, since the purchase made at the ATM is usually used for speculation . Not to pay. But what is a bitcoin ATM? The answer is implicit in the name: it is like a conventional ATM (in fact, physically they are very similar), but where you get bitcoins and not fiat money . Some also allow you to sell cryptocurrencies . How do cryptocurrency ATMs work? Logically, depending on the operator that has installed the bitcoin ATM, there may be variations in use, but, as a general rule.

As is the case with traditional dispensers—all bitcoin and other cryptocurrency ATMs are used in a very similar way. These are the steps you have to take to buy bitcoin at an ATM (it has already been mentioned that the option to sell is less common). In some cases, you will need to have an account set up with the company that controls the machine. From there: Choose Asia Phone Number List the "Buy" option. Indicate how many cryptocurrencies you want to purchase and the ATM will tell you the amount of fiat money you have to deposit. Identify yourself: it may be enough to enter the details of your electronic wallet, although there are ATMs that will ask you for stricter identification, for example, with your ID or even your fingerprint. Enter the corresponding amount. Confirm and, automatically, the cryptocurrencies will go to your wallet . How many bitcoin ATMs are there in Spain and in the world.


Currently, in Spain, according to the CoinATMRadar website , there are 222 cryptocurrency ATMs. The figure has had an incredible increase since the beginning of 2020: at that time there were only 67. Barcelona with 59, Madrid with 37 and Valencia (17) are the 3 cities with the most bitcoin ATMs and other cryptocurrencies in Spain . The company that has the most cryptocurrency ATMs in Spain is BitBase , with 101. Behind it is shitcoins, with 41; Weex (17); KURANT, with 12, and GBTC Finance, which has 10. BitBase is also the third largest operator in Europe: ahead are KURANT and shitcoins. 'Altcoins': cryptocurrencies that will rise the most in 2023, according to experts There are 38,435 dispensers worldwide. The United States is, by far, the country with the most cryptocurrency ATMs (33,387), followed by Canada (2,556) and Spain in third position.





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