Bitcoin atm machine on city street at night

Bitcoin ATMs are spreading across urban centers worldwide, offering quick access to buying and selling cryptocurrencies.

About this subject

Bitcoin ATMs are physical terminals that allow users to buy or sell bitcoin and other cryptocurrencies using cash or cards. Unlike online exchanges, these machines offer instant transactions and relative anonymity, as many do not require full registration. The first Bitcoin ATM was installed in 2013 in Vancouver, Canada, and since then the global number has grown to over 38,000 units as of 2024.

The nighttime location on a busy street highlights the 24-hour availability of these terminals, which serve as access points for tourists and locals wanting to enter the cryptocurrency market without relying on banks. In cities like São Paulo, Rio de Janeiro, and Brasília, dozens of machines already exist, many in shopping malls, airports, and gas stations.

A curiosity: Brazil is among the top 10 countries with the highest number of Bitcoin ATMs, with over 200 devices spread across the territory. The conversion fee at these machines is usually 5% to 10% higher than on exchanges, compensated by convenience and speed. Additionally, some machines support multiple cryptocurrencies, such as Ethereum and Litecoin.

The operation is simple: the user selects the operation (buy or sell), enters the amount, scans the QR code of their digital wallet, and completes the transaction. For purchases, cash is deposited into the machine and bitcoin is credited to the wallet within minutes. For sales, the reverse process occurs, with the user receiving cash in hand.

Frequently Asked Questions

How does a Bitcoin ATM work?

The user selects buy or sell bitcoin, enters the amount in cash (or card), scans the QR code of their digital wallet, and the transaction is processed within minutes.

What are the fees for a Bitcoin ATM?

Fees range from 5% to 10% above market price, covering convenience and operational costs of the machine.

Where to find Bitcoin ATMs in Brazil?

They are located in shopping malls, airports, and gas stations in cities like São Paulo, Rio de Janeiro, and Brasília. The site CoinATMRadar lists all locations.