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How to use Bitcoin ATM: Step by StepBitcoin ATMs, synonymous with crypto ATMs or BTMs, are automated teller machines that allow users to buy or sell Bitcoin on-the-go using cash, debit or a. A Bitcoin ATM is a standalone machine that allows users to deposit fiat currency and exchange it for Bitcoin (BTC %) or other cryptocurrency. Bitcoin ATMs, sometimes referred to as BTMs, are kiosks where customers can buy and sometimes also sell Bitcoin, a type of cryptocurrency.