There are two ways to buy or sell Bitcoin.
One way is to use a Bitcoin ATM and another way is through a money exchange where buying or selling Bitcoin is done on a regular basis.
What is the difference between an ATM and a Bitcoin ATM?
Mostly, Bitcoin ATMs do not connect to your regular bank account. Instead, they connect users directly to a wallet to perform the operation, and they operate via QR codes.
Until now, 99% of cryptocurrency ATMs are focused on Bitcoin.
Where are the ATMs?
Cryptocurrency ATMs are popping up more and more everywhere.
Coin ATM Radar is a trusted site for locating all cryptocurrency outlets globally.
It clearly shows what is available in each country with a clear specification of the transaction fees.
How do these ATMs work?
They allow you to buy or sell Bitcoin.
To use the ATM, you need to create a Bitcoin wallet. Your wallet will have a unique QR code that identifies your account.
For exchange houses, the process is similar, except that it is with one person.
ATMs have a maximum amount that can be withdrawn. Money exchanges, depending on the amount, need more time to execute the transaction.
In the article, “how virtual currencies are used” you will find more information.