QUESTION: Where does the cash deposited into a Bitcoin ATM go???

[f1mania]

Where does the cash deposited into a Bitcoin ATM go???

[Almat]

Can you actually buy Bitcoin from Bitcoin ATMs? I was under the impression that you could only sell. If that's the case, though, I would guess it would go to the company which owns it. There's no central bank to intervene after all.

[AmXProX]

If this machine exist that cash goes to the person who owns that machine. It means that they have coins they want to sell and they are just using that machine. It's a good business though.

[salihno71]

Where does the cash deposited into a Bitcoin ATM go???

To the owner of the machine and to the previous owner of the bitcoin you have purchased. This might be the same person. Probably some of it also goes to the owner of the establishment where ATM stands and some goes to the electric bill. Possibly also some to the government via tax.