A Bitcoin ATM, similar to a conventional ATM, is a kiosk that allows individuals to conduct financial transactions.

Typically managed by third-party companies like Bitcoin Depot and Coinme, these machines enable users to insert cash or use a debit card to convert their traditional currency into bitcoin.

Should an individual wish to withdraw cash and sell their bitcoin using an ATM, they would be presented with a unique QR code to transfer their bitcoin and subsequently obtain their cash funds.