TERM: BTM

BTM

A Bitcoin ATM. Works similarly to a regular cash ATM, except that cash deposited is exchanged in to Bitcoin or other cryptocurrencies, directly to your wallet or to a paper wallet that is printed by the machine.

Some BTMs work both ways, where you can send cryptocurrency to the machine and it dispenses cash.

EXAMPLE USAGE:

Bob went to the BTM and exchanged $500 in to Bitcoin.

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James C.
Posted on July 12th, 2018