Bitcoin atm: Can you withdraw bitcoin? Is it possible to take BTC out of an ATM?

Bitcoin (BTC) maintains gains as it climbed to its highest value since May 2018. The number sends BTC up more than 140 percent since the start of the year. The world’s largest digital currency as well as rivals including Litecoin and Ethereum all received a massive boost after several months of heavy resistance levels.

Bitcoin’s jump has been linked to news of Facebook reportedly looking into unveiling a cryptocurrency added optimism to investors in the digital coin.

This is because cryptocurrencies are becoming more widely adopted by mainstream finance.

Several news outlets have leaked details of the venture, with one saying it will let Facebook employees take their salary in the form of the new currency.

However, bitcoin remains a long way off its peak price of close to $20,000, which it reached in late 2017.

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Can you withdraw bitcoin?

Yes, bitcoin can be withdrawn from ATMs around the world – but as cash, as a physical bitcoin token does not exist.

There are currently 4,962 Crypto ATMs across the globe, according to coinatmradar.com.

As many as 3,187 of these can be found around the US, while the UK has 269 locations.

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In total, North America has the majority of Crypto ATMs with 73.9 percent, followed by Europe at 22.2 percent.

Asia has 2.2 percent of the ATMs, with 0.7 percent found in Hong Kong.

The easiest way to buy bitcoins is by using a bitcoin ATM, although there are other companies that produce ATMs for the cryptocurrency.

You can see the full list of bitcoin ATM manufacturers HERE.

Is it possible to take BTC out of an ATM?

A bitcoin ATM is much like a traditional ATM that dispenses flat currencies where you use your debit card to withdraw money.

However, Crypto ATMS actually allow you to withdraw bitcoin from it by converting your digital coin into flat currencies.

These ATMs allows you to buy or sell bitcoins anonymously and is a good way to secure your identity and privacy.

source: express.co.uk