Frequently Asked Questions about Bitcoin ATM

America Bitcoin ATM offers a complete ecosystem of digital currency services, which provide the fastest and easiest way to buy and sell Bitcoin and other virtual currency, including over 20+ altcoins. America Bitcoin ATM allow you to trade 40+ digital coins with cash. We also have a Private Client Desk OTC service for higher-level transactions and a companion mobile wallet app that seamlessly integrates with the machines.

A Bitcoin ATM, often shortened to BATM or just BTM, is a slang term for a machine that lets you buy Bitcoin, and sometimes a few other virtual currencies, with cash. Since these kiosks are not actually ATMs – they don’t connect to your bank account or require any financial information from you – it’s not a completely accurate description, but the term is well known. They are also sometimes called digital currency kiosks or cryptocurrency kiosks. Most BTMs in the industry are unidirectional, or one-way only. These machines allow you to use cash to buy Bitcoin, and sometimes a few altcoins (other virtual currencies besides Bitcoin). Only about 20% of all BTMs are bidirectional, or two-way, meaning they also allow you to sell your virtual currency for cash.

Digital currency is very versatile and can be used for a variety of things. You can send it instantly to friends and family around the world. Many retailers accept cryptocurrency as forms of payment, both online and off. Some people purchase virtual currency as an investment, and some altcoins are designed for specific uses on dedicated platforms. Examples include gaming, social tokens, decentralized finance (DeFi), smart contract, stablecoins, content platforms, computing, NFTs, artificial intelligence (AI) and more.

Yes. However, our premiums vary by location due to certain promotions we may be running at any given time. If you have a particular location in mind, we can tell you the exact premium at that machine currently. If you do not have a location in mind, we can certainly help you find one.

We DO conduct in-person transactions through our Private Client Over-the-Counter (OTC) trading desk. OTC trades require higher transaction volumes of at least $25,000, and additional account information. Funds will be sent to your wallet by ACH or wire transfer. To inquire about this service or apply to be a Private Client Desk member, contact our customer support team at (435) 248-2662 or info@americabitcoinatm.com.

Yes! Although we do not have representatives on-site at each individual DCM, if you need help completing a transaction, you can call or text our live US-based customer support team at (435) 248-2662. You can also chat online, through social media, or email us at info@americabitcoinatm.com. We will be more than happy to walk you through the process.

Our machines are very flexible and work with a variety of third-party applications. You can use any mobile cryptocurrency wallet with a QR code generator, and even some hardware wallets. 

Yes. For your protection, and to ensure we know our customers in compliance with all federal and state regulations, you will need to confirm your identity. The machine will ask for your mobile phone number, SSN, email, occupation, and government or state-issued identification (“ID”), such as a driver’s license or passport. All of your information is 100% private and securely stored.

The limits to purchase/sell Bitcoin or other digital currencies are up to $2,000 lifetime with an unverified account or up to $29,000 per day with a verified account. To verify your account, you will need to submit a valid government-issued photo ID, such as driver’s license, passport or green card. You can get verified clicking in the Apply For High Limit form. For higher volume transactions of over $29,000, please contact our over-the-counter (OTC) Private Client trading desk at info@americabitcoinatm.com.

Bitcoin transactions typically only take around 10-15 minutes to complete, which includes confirmation and recording to the blockchain. Some altcoins have even faster transaction times. However, in rare cases, it can take up to an hour depending on the congestion of the network.

It only takes one confirmation for a transaction to be successfully recorded on the blockchain and to reflect in your digital wallet. 

America Bitcoin ATM has taken an eco-friendly approach in an effort to save paper, help the environment and cut down on maintenance time and expense. Our machines DO send out receipts via text message once the transaction has been confirmed on the blockchain, but they don’t print paper receipts or paper wallets.