How does Bitcoin ATM allow you to purchase Bitcoins
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How Does Bitcoin ATM Allow You To Purchase 
Bitcoin
Are you planning to invest in Bitcoin, well, there is no better time than today to 
invest in cryptocurrencies. There are many biotin exchange platforms where you 
can buy and sell Bitcoin. Amongst the various modes of going ahead with Bitcoin 
exchange, you can choose Bitcoin ATM for this.  It is an easy way to buy and sell 
Bitcoin using a credit or debit card. 
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When we are talking about bitcoin sale and purchase, we cannot miss speaking 
about Bitcoin Farming. In simple words, individuals who wish to become a part of 
the Bitcoin network, then you can do Bitcoin farming, which is nothing but 
extraction of the value of Bitcoin. Bitcoin farmers or Bitcoin miners solve 
computation problems, and they get rewarded for the same. 
.
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Bitcoin ATM: What should know?
Bitcoin ATM is a simple machine that is used for the sale and purchase of Bitcoin 
using debit and credit cards. Although Bitcoin has been there in the market for 
more than a decade now when it comes to Bitcoin ATM, these are a fairly new 
addition and easy to use and makes it easy for those who wish to exchange 
Bitcoin do that with ease. 
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The world got its first Bitcoin ATM in Vancouver, Canada, in 2013. At this ATM, 
the Bitcoin stalwarts can easily buy Bitcoin using the currency. This ATM is used 
to convert Bitcoin to Canadian Dollars and vice-versa. After this, Bitcoin ATMs 
have become very common.  As of October 1st, 2020, there were around 10,503 
Bitcoin ATMs globally.
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Types of Bitcoin ATM:
There are two types of Bitcoin ATM:
·   The basic one: These are used only to purchase Bitcoin
·  Complex ones- These are used to buy and sell with virtual money. If you plan to 
use complex ATMs, you need to know that only the members of a particular ATM 
producer can use the ATM.
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Some of the key players that are in the making of complex Bitcoin ATM are 
General Bytes, Genesis Coin. General Bytes has a market share of 30.3%, and 
Genesis Coin has a market share of 30.3 %.
 The US has the highest number of Bitcoin ATM. Around 83% of the total global 
ATMs are located in North America. 
 
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Bitcoin exchange using General ATM
This is a general process of Bitcoin exchange using Bitcoin ATM, there may be 
slight variation in this, but the general process remains the same:
1.     The first step is verification (this may vary based on machine
2.     Now, you need to provide a Bitcoin address for deposit at some ATM.
3.     Insert cash into the ATM
4.     Confirm the operation (Bitcoin is sent to your Bitcoin address)
 
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This is the basic step; however, you may find some variation in this based on ATM 
type. This is the right time to start investing in bitcoin, and with the prevalence of 
Bitcoin ATM, the task will become simpler.
 Concluding thoughts-
To know more about Bitcoin and cryptocurrency exchange, log on to Blockchain 
Council.  This is a leading platform that provides a certification course in Bitcoin 
and Blockchain. You can also learn about cryptocurrency trading. For more such 
interesting information, connect with Blockchain Council today.
 
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