Bitcoin Kiosk or BTM (Bitcoin Teller Machine)

Did you know that our Bitcoin Kiosks, also known as Bitcoin Teller Machines (BTMs) or Bitcoin ATMs, are the easiest and most trusted way to purchase Bitcoin, Litecoin, Ethereum, and Bitcoin Cash? It’s true! That’s because there are none of the hassles you face when you need to open an account or send a wire transfer payment. All you have to do is find the BTM location nearest to you and you’ll be able to buy or sell bitcoins or other digital currency through Bitcoin of America at any time. It’s as simple as that.

Bitcoin of America is based in Chicago, IL, but we have an ever-increasing number of Bitcoin kiosks throughout the United States. And most of our Bitcoin kiosks are open 24/7 for your convenience.

What is a Bitcoin ATM?

How To Use A Bitcoin Teller MachineUnlike traditional ATMs that provide you with access to money held by a bank, Bitcoin ATMs provide you with the ability to buy and sell Bitcoin or other digital currencies, like Litecoin and Ethereum. These machines make these processes much easier than they have been in the past.

Because of this, bitcoin ATMs are becoming increasingly popular throughout the country and around the world. One of the key advantages of these machines is they allow you to purchase bitcoin without a bank account, credit card, debit card, or wire transfer. For example, when using a BTM, you can buy digital currency with cash, credit card, or debit card. Once you make your purchase, we transfer your bitcoins to a bitcoin wallet.

A Note about Bitcoin Wallets

Bitcoin, like all digital currencies, offers some unique difficulties in acquiring and storing the currency because they don’t have a physical form. Instead of keeping your money in a bank or other physical location, you hold private keys that provide you with access to your public “bitcoin address.”

The combination of your public bitcoin address and your private keys makes a bitcoin transaction possible. Most people who buy, sell, and use bitcoins do so by utilizing a “bitcoin wallet” in either paper or digital form. For many people, the most convenient way to keep their bitcoin wallet handy is storing it on their smartphone.

How Does a Bitcoin Kiosk Work?

The process of using a Bitcoin of America bitcoin kiosk is simple, easy, and secure, especially after you complete the initial setup. Here is the basic process for using a bitcoin teller machine:

  • During your first transaction, you will scan your user identification for validation. After your initial purchase, you may be able to simply enter your mobile number and scan your bitcoin wallet
  • Feed money into the BTM and generate a QR code from your digital bitcoin wallet
  • Use the QR code to send your purchased digital currency to your bitcoin address

Some BTMs around the world generate an “offline wallet” or “paper wallet,”. However, it is important that you ensure that these physical representations of digital currency are not lost or stolen.

Bitcoin ATM Security

Because the federal government considers these machines as money transmitting devices, they must comply with Anti Money Laundering (AML) procedures. Additionally, Bitcoin of America employs a Know Your Client (KYC) policy, which is why you must scan your ID for validation when using one of our BTMs. These procedures and policies are in place to protect you, the end user, from scams and schemes involving digital currency. You should always make sure that any BTM you use is from a reputable company, like Bitcoin of America.

The Rising Popularity of Bitcoin Kiosks

Because many organizations that allow you to buy and sell digital currency require wire money transfers, digital currency transactions have become unnecessarily time-consuming and difficult. For this reason, companies like Bitcoin of America create simpler ways for their customers to conduct digital currency transactions. That is one of the main reasons why BTMs started popping up around the world. They provide users with a fast, simple, and secure way to buy and sell digital currency without the hassles involved with conducting a wire transfer or working through a bank account.

Statistics show that in October of 2015, there were about 450 Bitcoin ATMs worldwide. By October of 2017, just two years later, the number of Bitcoin ATMs grew to around 1,590. This astronomical growth shows that users around the globe are using this technology at a high rate. After all, the only way that technology like this grows in presence is if it is also growing in use.

Bitcoin of America Bitcoin ATM Locations

As you can see, bitcoin kiosks make digital currency transactions safe, secure, and hassle-free. Click on one of the links below to find a Bitcoin of America BTM in your city.

If you don’t see any locations near you, we encourage you to check back often as we are continually working on increasing the number of Bitcoin ATMs that we operate. Until then, you can buy and sell digital currency right here on our site.

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