With the development and popularization of the bitcoin, ATMs were created that allow the users to buy, sell and withdraw them converted in other currency like dollars or euros. Today there are different types of bitcoin ATMs which depending on the manufacturer can only buy or buy and sell crypto-currencies. Most famous types are: Genesis1 from Genesis Coin, Robocoin, Skyhook, General Bytes, Lamassu, Satoshi1 and Satoshi2 from Genesis Coin. From this list only Genesis1, Satoshi2, Robocoin and General Bytes support both way transactions. The process of buying/selling from the ATMs is separated in few steps, where the verification is the first step. It is different on different machines, but usually it will ask for your phone number for SMS verification. Next step is providing your wallet address for receiving or sending bitcoin to the provided address for selling. Usually you can provide your address by scanning the QR code of your wallet. After that you can insert or receive cash in the ATM. Depending on the settings you will either get cash out of the machine immediately or you’ll get redeem code and have to wait on transaction confirmations. Printed paper wallet and buying bitcoin directly to hardware wallet is also possible.
Beside USA in the last year bitcoin ATMs are popping up in many other countries and the situation in Europe is similar. Recently it was announced that Gilblartar, which is British Overseas Territory got it’s first bitcoin ATM installed. Most of the European countries have bitcoin ATMs, so at the moment of writing there are 80 in United Kingdom, 4 in Belgium, 52 in Austria, 3 in Croatia, 1 in Sweeden, 39 in Spain, 1 in Ukraine, 23 in Switzerland, 22 in Finland, 10 in Italy, 2 in Bulgaria, 5 in Greece and Romania etc.
If you want to find a bitcoin ATM near you, you can use the Coin ATM radar website which has a map of the exact location of the ATM-s.