A Bitcoin ATM (BTM) is a physical kiosk that allows users to buy and sell Bitcoin using cash or debit cards. Some Bitcoin ATMs also support other cryptocurrencies and allow users to sell BTC and withdraw fiat currency. They function similarly to traditional bank ATMs but connect to a cryptocurrency exchange rather than a bank account. Bitcoin ATMs typically charge higher fees than online exchanges, ranging from 5% to 15% per transaction.
Example
“He found a Bitcoin ATM at a local convenience store and purchased $200 worth of BTC by inserting cash and scanning his wallet QR code.”