Bitcoin cash is a cryptocurrency created in August 2017, from a fork of Bitcoin. Bitcoin Cash increases the size of blocks, allowing more transactions to be processed. Bitcoin Cash is designed to become electronic cash for the world. No one owns Bitcoin Cash, no government, no company, no individual. It is the people, that own Bitcoin Cash. It also means it’s our responsibility to promote Bitcoin Cash. Without our help, the good that can be unlocked by this civilization changing payments technology can never occur.
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Bitcoin ATM (abbreviated as BATM) is a kiosk that allows a person to buy Bitcoin using an automatic teller machine. Some Bitcoin ATMs offer bi-directional functionality enabling both the purchase of Bitcoin as well as the sale of Bitcoin for cash. Bitcoin machines are not exactly the same as traditional ATMs but work in a similar fashion.
Bitcoin ATM kiosks are machines which are connected to the Internet, allowing the insertion of cash or a credit card in exchange for Bitcoin. They look like traditional ATMs, but they do not connect to a bank account and instead connect the customer directly to a Bitcoin exchange for a localized and convenient way to purchase Bitcoin in person. Common locations for Bitcoin ATMs are inside of a retail store, shop, tavern, restaurant, mall or airport. Keep reading to find out how Bitcoin ATMs work.
Ensure your device has internet, select the type of transaction you would like to do, follow the on-screen instructions to complete your transaction.
Depending on the ATM you can deposit and withdraw Bitcoin Cash, do your research about the ATM you are using to learn about its fees for the currency exchange.
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