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Many people are probably dazzled why virtual money like Bitcoin should have an ATM. Besides, others are also asking whether the machines do dispense cash. This article provides answers to these questions and many more.

Well, the answer is very simple, Bitcoin despite being an electronic currency it also trades against fiat currencies. This means that you can exchange dollars, Euros or pounds with bitcoins. Bitcoin ATM kiosks are basically exchange platforms between fiat, Bitcoin and by extension altcoins.

It implies that any cryptocurrency trader can visit a Bitcoin ATM kiosk, cash in some fiat currency and buy Bitcoin tokens. These machines provide a medium for converting cash bills into electronic form. Some of the machines allow both buying and selling of Bitcoins. Majority of them only support the purchase of bitcoins but not selling.

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