Some small info regarding Bitcoin ATMs that might be of some use to new people that are handling crypto.
Bitcoin ATMs function in more or less the same way regular ATMs would, however, you can distinguish them into two categories, ones where you can only buy Bitcoin and ones where you can sell your Bitcoin and in return get cash from the ATM (FIAT, just like you would with a bank ATM).
Bitcoin ATMs are connected directly to a cryptocurrency exchange and not to a bank account. At these types of ATMs, you can primarily buy and/or sell Bitcoin, however, some offer the options to buy other selected cryptocurrencies. There are also Ethereum and Bitcoin Cash ATMs, but so far they are not widespread.
Bitcoin ATMs are legal (as some new people might wonder) and are regulated by the laws of the country they are located in and, subsequently, so are the fees of the transactions. Even tho the exact fee regulations vary, generally, they tend to be a bit high, so please check the fees of the ATM you want to use before you use it.
Unlike regular ATMs, you do not punch in your card, you manually type in the address of your wallet or you can opt for the machine to scan the QR code of your wallet.
Some ATMs will require you to provide authentification that is usually done by facing your ID car towards the ATM camera, however, that too can vary depending on the country's regulations.
At the website coinatmradar you can search for Bitcoin ATM locations near you. You can find a decent amount of ATMs in all of the European Union countries, UK, Canada, and Australia, but the majority is located in the USA.
The Crypto world is no stranger to scams, and Bitcoin ATMs are no exception to this, but if common sense is applied you will not run into any problems. These scams are mostly related to whom you transfer your funds and not the ATM machines themselves.
This is by no means a definitive guide to bitcoin ATMs, just a quick overview for new people. If any senior members would like to add anything, feel free.
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