Bitcoin ATMs allow users to purchase and sometimes sell bitcoin for cash in physical locations around the world. What Is A Bitcoin ATM? A Bitcoin ATM is a machine that buys or sells bitcoin for cash.

The FTC warns that bitcoin ATM fraud is soaring. In the U.S, losses from scams via crypto ATMs exceeded $120 million in 2023. 74% of cryptocurrency ATMs globally are managed by just 10 operators. In ...

Based on FBI data, the threat of scam-related losses involving cryptocurrency ATMs and kiosks has been growing with 10,956 complaints filed and $246.7 million in stolen money reported in 2024. Critics ...