Bitcoin ATMs are showing up across the country—in gas stations, convenience stores, and shopping centers. But if you’ve never used one before, you might be wondering: what is a Bitcoin ATM, and what exactly does it do?
This guide will break down everything you need to know about Bitcoin ATMs. From how they work to why people use them, you’ll get a complete beginner’s overview in just a few minutes.
Whether you’re exploring crypto for the first time or just want an easier way to buy Bitcoin, this article is for you.
Key Takeaways
- Bitcoin ATMs let you buy (and sometimes sell) Bitcoin using cash.
- They’re simple to use, require no bank account, and are available in everyday locations.
- RockItCoin helps make the process fast, secure, and beginner-friendly.
What Is a Bitcoin ATM?
A Bitcoin ATM, sometimes called a BTC ATM, is a physical machine that allows you to buy Bitcoin using cash. Some machines also let you sell Bitcoin and withdraw cash in return.
They look and feel like traditional bank ATMs, but they work very differently. Instead of connecting to your bank account, they connect to the blockchain.
Here’s what sets Bitcoin ATMs apart:
- You’re exchanging cash for cryptocurrency, not withdrawing money from a bank
- The Bitcoin is sent to your crypto wallet, not to a debit or credit card
- Many ATMs require ID, but not a bank account
A Brief History of Bitcoin ATMs
The world’s first Bitcoin ATM was launched in Vancouver, Canada in October 2013. It was installed in a coffee shop and processed over $10,000 worth of Bitcoin in its first week, according to Forbes.
In the U.S., Bitcoin ATMs began gaining traction shortly after. Companies like RockItCoin helped expand access by placing machines in familiar locations like Chicago.
Today, there are over 37,000 Bitcoin ATMs globally, with the vast majority located in the United States. RockItCoin alone operates over 2,500 across the country, making it one of the most trusted names in the industry.
As demand for cryptocurrency grows, so does the use of Bitcoin ATMs. They’re now one of the easiest and most accessible ways for beginners to get started with crypto.
How Do Bitcoin ATMs Work?
Bitcoin ATMs are designed to be easy and fast. If you can use a regular ATM or a vending machine, you can use a Bitcoin ATM.
Here’s how it usually works when you buy Bitcoin:
- Find a Bitcoin ATM near you
- Tap “Buy Coins” on the screen
- Enter your phone number and complete ID verification if required
- Scan your Bitcoin wallet QR code using your phone
- Insert your cash
- Confirm the transaction and receive your Bitcoin
Your Bitcoin is sent directly to your wallet, often within minutes.
Selling Bitcoin at an ATM
Some two-way machines also allow you to sell Bitcoin. The steps are similar, but in reverse:
- Select “Withdraw Cash”
- Send Bitcoin from your wallet to the ATM’s address
- Wait for confirmation, then withdraw cash
Make sure the ATM you visit supports selling—many are buy-only.
Read our full guide on how to use a Bitcoin ATM
What You Need to Use a Bitcoin ATM
To use a Bitcoin ATM, you’ll need:
- A smartphone (for SMS verification and crypto wallet)
- Cash (for purchases)
- A government-issued ID (in most cases)
The RockItCoin app works great as a digital wallet and includes an ATM finder built in.
Where Can I Find a Bitcoin ATM?
Bitcoin ATMs are located in places you already visit. You can often find them here:
- Gas stations
- Convenience stores
- Shopping centers
- Tobacco or vape shops
To find one quickly, you can use our Bitcoin ATM map or the RockItCoin app’s locator.
Are Bitcoin ATMs Safe?
Bitcoin ATMs are safe when used responsibly. Just like any financial service, it’s important to follow basic precautions.
How RockItCoin Keeps You Safe
- On-screen scam warnings to help you avoid fraud
- Live customer support in case you need help
RockItCoin takes extra steps to educate and protect customers at every ATM.
Tips for Staying Safe
- Only send Bitcoin to people you know and trust
- Never use a Bitcoin ATM to pay a stranger or bill collector
- Always use your own wallet when buying cryptocurrency
- Reach out to customer support if something seems off
Bitcoin ATMs are built to be secure, but your safety also depends on staying alert.
How Much Do Bitcoin ATMs Charge in Fees?
Most Bitcoin ATMs charge a percentage of your total purchase as a service fee. This helps cover operational costs, cash handling, and blockchain transaction fees.
Fee Ranges
- Bitcoin ATM fees typically range from 6% to 25%.
- RockItCoin strives to keep fees competitive while providing excellent service.
Why People Use Them
People choose Bitcoin ATMs for:
- Speed: Transactions take minutes, not days
- Convenience: No need for bank transfers or apps
- Accessibility: Great for people who are unbanked or underbanked
Bitcoin ATMs vs. Online Exchanges
Here’s how Bitcoin ATMs compare to buying crypto online:
|
Feature |
Bitcoin ATMs |
Online Exchanges |
|---|---|---|
|
Speed |
Instant |
1-5 days |
|
Customer Support |
Live Agents |
None or minimal |
|
Payment Method |
Cash |
Bank/debit card |
|
Beginner-Friendly |
Very |
Sometimes |
Bitcoin ATMs are ideal for quick, in-person transactions—especially for beginners.
Read more: Bitcoin ATM vs Exchange: Which is Better?
Alternatives to Bitcoin ATMs
If you can’t access a Bitcoin ATM, here are a few other ways to buy crypto:
RockItCoin Go
Buy Bitcoin with cash at over 16,000 participating retailers. It’s a great option if you prefer physical locations but don’t have a nearby Bitcoin ATM.
Buy Online
Use a debit card, credit card, Apple Pay, or Google Pay on RockItCoin.com. This method is convenient if you want to purchase crypto from home.
Peer-to-Peer (P2P)
Trade directly with other crypto users worldwide. It can be risky for beginners and usually requires more technical knowledge.
Bitcoin ATMs are usually the fastest and most trusted method for in-person crypto purchases.
What Can You Do With Bitcoin After Buying It?
Once you’ve purchased Bitcoin at an ATM, here’s what you can do with it:
- Store it in a wallet (the RockItCoin app is a great option!)
- Send it to friends or family
- Use it to buy gift cards, shop online, or make purchases at crypto-friendly businesses
- Hold it as a long-term investment
Bitcoin is flexible. It can be used like money or saved like an asset.
Bitcoin ATM Limits and Requirements
Bitcoin ATMs have some basic limits in place to stay compliant with regulations:
- Minimum purchase: usually $10–20
- Maximum daily limit: often $25,000 for RockItCoin ATMs, but it depends on the location
- ID required: Yes
You can often start small and increase your limits with additional verification.
Read more about Bitcoin ATM Daily Limits
Why People Use Bitcoin ATMs
Bitcoin ATMs are popular because they meet different needs:
- Beginners looking for a simple way to get started with crypto
- Unbanked individuals who don’t use traditional banks
- Cash users who prefer physical money over cards
- Travelers or people who need fast access to Bitcoin
They offer a unique mix of speed, simplicity, and real-world convenience.
Growth of Bitcoin ATMs Worldwide
The global Bitcoin ATM industry has expanded significantly since its humble beginnings.
As of 2025, there are more than 37,000 Bitcoin ATMs worldwide, with the majority located in the United States. This explosive growth reflects the rising demand for convenient, real-world access to cryptocurrency.
The U.S. continues to lead the global market in total installations, with thousands of new ATMs added each year. RockItCoin is a major player in this space, operating one of the largest and most trusted networks of Bitcoin ATMs across the country.
Bitcoin ATMs are becoming a key part of crypto infrastructure, helping more people access Bitcoin safely and easily.
Read more on how Bitcoin ATMs are advancing crypto adoption
How to Get Started with a Bitcoin ATM Today
Ready to give it a try? Here’s how to use a RockItCoin Bitcoin ATM:
- Download the RockItCoin app or visit our website
- Use the app or locations page to find an ATM nearby
- Visit the location and follow the steps on-screen
- Scan your wallet QR code and insert your cash
- Confirm the purchase and receive your Bitcoin soon after
That’s it—you’re now a Bitcoin owner!
Read our full guide on How to Use a Bitcoin ATM
Conclusion
Bitcoin ATMs are one of the easiest and most accessible ways to buy cryptocurrency. Whether you’re brand new to Bitcoin or looking for a fast way to get started, they offer a convenient option right in your neighborhood.
Want to try one out? Find a RockItCoin Bitcoin ATM near you and take your first step into crypto today!
