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June Katz 23 Aug 2023 ◦ 1 min read

Crypto ATMs: Withdrawing Your Crypto Gains as Cold Hard Cash

Crypto ATMs: Withdrawing Your Crypto Gains as Cold Hard Cash

For years, the crypto world has been developing mainly in the digital dimension. But the more widely the cryptocurrency is used, the more urgent the need for tools for cashing out becomes.

The crypto ATMs allow people to exchange cash for cryptocurrency or withdraw crypto for cash. Operations are carried out quickly, in addition, they are usually not asked to provide documents — that is, transfers and deposits are anonymous. But there are also disadvantages: usually, the commissions for such operations are quite high.

In addition to bitcoin ATMs, there are many machines for buying and selling Litecoin and Ethereum. The largest manufacturers of devices are Genesis Coin and General Bytes.

According to the CoinATMRadar service, which also shows the location of devices in different cities, there are more than 36,000 crypto ATMs in the world at the moment. At the same time, almost 90% of the total number falls in the United States. Another 10% is almost entirely distributed between Canada and European countries.

Whatever it was, the growth in the number of crypto ATMs is considered one of the indicators of mass adoption of digital assets. After all, the more opportunities there are to buy cryptocurrencies, the more people will eventually find out about them.

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