Bitcoin is a great store of value. But where can you spend it? Introducing bitcoin ATMs; physical bridges from traditional finance (TradFi) to web3. If you’re looking for a safe option offering low fees and privacy guarantees, check out our list of the top options on the market today.
Methodology
BeInCrypto identified the top bitcoin ATMs for withdrawing cash and buying and selling crypto. This methodology focuses on their security features, low fees and an emphasis on the KYC processes. This information was gathered from our product teams after extended testing over an eight-month period.
sh*tcoins.club ATM
- Known for maintaining privacy with minimal to no KYC requirements, except where legally mandated. This makes it one of the most private Bitcoin ATM options available, particularly appealing to users valuing anonymity.
- The ATM network emphasizes user privacy and security through anonymous transactions, providing a secure way to exchange fiat for cryptocurrency and vice versa without involving the banking system.
- sh*tcoins.club ATMs offer low transaction fees, generally ranging between 3% to 4%. They also host special events where fees are reduced even further, sometimes to 0%, or an extra +2% is added to exchanges, highlighting their commitment to making crypto accessible.Coinstar Bitcoin Machines
- Coinstar Bitcoin Machines have an intermediate level of KYC requirements, ensuring a balance between user convenience and regulatory compliance.
- Coinstar’s partnership with Coinme to offer Bitcoin purchases enhances its security, leveraging Coinme’s crypto expertise to provide a safe and reliable service within familiar retail locations.
Coin Cloud Bitcoin ATM
- Coin Cloud has intermediate KYC requirements, adapting based on transaction sizes. This flexible approach allows for a personalized user experience while adhering to regulatory standards.
- Offers a comprehensive suite of services, including ATMs, a non-custodial wallet app, and private client services, all designed to provide a secure and user-friendly platform for buying and selling a wide range of cryptocurrencies.
- Coin Cloud stands out for its accessibility and the variety of cryptocurrencies available, alongside competitive fees of around 1.5%.
Just Cash ATM
- Just Cash emphasizes a low KYC requirement, utilizing existing ATM networks to facilitate Bitcoin transactions without additional verification, enhancing user privacy.
- The use of paper wallets and integration into existing ATM networks without the need for additional KYC processes highlights Just Cash’s focus on accessibility and security.
LibertyX ATM
- LibertyX implements a tiered KYC approach, offering different purchase limits based on the information provided. This method allows users flexibility while ensuring compliance with regulatory requirements.
- Combines convenience with security, allowing users to buy Bitcoin instantly at over 30,000 locations using their debit cards without needing bank transfers or account links.
RockitCoin
- RockitCoin requires minimal KYC, usually just a phone number, making it easier for users to engage with their services while still providing a level of security and privacy.
- RockitCoin provides a flexible and secure platform for buying, selling, and storing cryptocurrencies, supported by a network of over 1,500 ATMs.
Pelicoin ATM
- Pelicoin enforces intermediate KYC requirements, balancing the need for security with the convenience of access.
- Despite its limited geographical presence in the Southern U.S., Pelicoin pays ATM fees for users and ensures a secure transaction environment through its network of conveniently located ATMs.
For further details on BeInCrypto’s verification methodology, followthis link.
Cash out Bitcoin in ATMs globally with free crypto cards
Our choice
Wirex card
No fee ATM withdrawals globally
Issue cardIssue cardon Wirex’s official website
Who can issueEU
CashbackUp to 8%
Annual FeeNo
Withdrawal limit€5000/month
Coinbase card
Mastercard crypto debit card
Issue cardon Coinbase’s official website
Who can issueU.S.A., E.U., U.K.
CashbackUp to 4%
Annual FeeNo
Withdrawal limit$2,500 per day
Bybit card
Mastercard crypto debit card
Issue cardon Bybit’s official website
Who can issueUK & EEA residents
CashbackInternal points
Annual FeeNo
Withdrawal limit€10,000 per month
In this guide:
- What are bitcoin ATMs?
- What are the best bitcoin ATMs?
- sh*tcoins.club ATM
- Coinstar Bitcoin Machines
- Coin Cloud Bitcoin ATM
- Just Cash ATM
- LibertyX ATM
- RockitCoin
- Pelicoin ATM
- The best bitcoin ATMs do offer low fees and privacy
- Frequently asked questions
What are bitcoin ATMs?
Bitcoin ATMs are just like traditional ATM kiosks — except they use cryptocurrencies. With one, you can withdraw cash or buy and sell crypto. In some cases, you can even send crypto. They differ from traditional ATMs in that they are not linked to a bank account.
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These ATMs withdraw from crypto wallets, crypto debit or credit cards, and accounts connected to exchanges. To use one, typically, you enter the wallet address or scan a QR code, the amount to withdraw, and you receive cash. The ATM debits the crypto from your account and gives you cash in your native currency (e.g., USD, GBP, EURO).
There are currently 69,000 crypto ATMs in the U.S., with that figure ever-growing. Effectually, traditional finance has become aware of bitcoin’s utility. Thanks to these ATMs, simple things like buying groceries with crypto and instantly withdrawing cash from your crypto balance are possible. They are even useful in times of crisis, for example, in helping supply refugees with cash — functionalities that can potentially save and certainly impact lives.
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What are the best bitcoin ATMs?
sh*tcoins.club ATM
sh*tcoins.club
Availability
Europe and Peru
Crypto
BTC, ETH, and 4+
KYC
Low
Fees
Varies, but typically 3%-4%,
sh*tcoins.club is one of the world’s most private bitcoin ATMs. KYC is only required when required by law. They organize special discount events during which fees are reduced to 0% or an extra +2% is applied to exchanges. sh*tcoins.club ATMs can be found in nearly 200 locations across Europe and Peru, with plans to expand.
Pros
- Low fees
- Minimal to no KYC
Cons
- Only available in Europe and Peru
Fees vary by country. While some fees are as low as 0% or even offer additional value, the average fee is between 3% and 4%. It means that if the fee for buying is 0% in one country, the fee for selling may be around 7% in another, and these values may eventually swap places. sh*tcoins.club also offers six cryptos. BTC, ETH, LTC, USDT, TRX and DASH, each with their own buy and sell rates.
Coinstar Bitcoin Machines
Coinstar
Availability
U.S.
Crypto
BTC, LINK, and 6+
KYC
Intermediate
Fees
4%-11%
Coinstar has over 20,000 coin collection machines that can now accept bitcoin purchases. The service is available in over 9,500 locations across 49 states, allowing users to buy bitcoin safely and securely from the convenience of their local grocery store. Coinstar enables Coinme to reach a large customer base and provide crypto at the local level through select kiosks.
Pros
- Available in grocery stores
- Fees are low to intermediate compared to competitors
Cons
- Coin kiosk only accepts bills for crypto
- Only available in the U.S.
Coinstar charges a 4% transaction fee and a cash exchange fee of up to 11% for each cryptocurrency purchase. Fees may differ depending on location. BTC, LINK, DOGE, ETH, LTC, MATIC, XLM, and USDC can also be purchased at Coinstar kiosks.
Coin Cloud Bitcoin ATM
Coin Cloud
Availability
U.S. and Brazil
Crypto
BTC, BCH, and 20+
KYC
Intermediate
Fees
1.5%
Coin Cloud was founded in Las Vegas, Nevada in 2014. The bitcoin ATM company has over 5,000 locations across the country, including 47 states and Brazil. Although Coin Cloud is only available in the United States and Brazil, it supports 40 languages.
Pros
- Multiple cryptos available
- All machines buy and sell crypto
Cons
- Only available in U.S. and Brazil
Since all Coin Cloud machines are two-way, you can buy and sell cryptocurrency using fiat currency. In addition to over 20 other well-known digital currencies, Coin Cloud also offers bitcoin, bitcoin cash, litecoin, and ethereum. ATMs, a personalized non-custodial wallet app, easy online shopping, and white-glove private client services are just a few of the services offered by Coin Cloud. The amount you want to buy or sell will determine how much information Coin Cloud ATMs need. For larger transactions, you’ll need a mobile phone number, a driver’s license, or another form of photo ID, and the machine will take your picture.
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Just Cash ATM
Just Cash
Availability
U.S.
Crypto
BTC
KYC
Low
Fees
Low
Just Cash has been in business in Florida since 2015. The organization allows you to buy bitcoin from traditional ATM machines. Just Cash makes use of the existing ATM network to bring cryptocurrency and payments to the general public.
Pros
- No KYC
- Uses existing ATMs and payments processes
- Uses paper wallets
Cons
- Fee structure is not clear
- Only in the U.S.
Beyond the user’s debit card and PIN, there are no additional requirements for verification at the ATM. Customers can access cardless ATM networks by using Just Cash. Once your purchase is complete, you will receive a transaction receipt along with a paper wallet that contains the public and private keys used to store the value of your bitcoin purchase.
LibertyX ATM
LibertyX
Availability
U.S.
Crypto
BTC
KYC
Intermediate
Fees
8%
In 2013, LibertyX unveiled its first bitcoin ATM. Through LibertyX, you can instantly purchase bitcoin from CVS, Walgreens, Rite Aid, or Costco using the same dependable and secure ATM you use to withdraw cash. No wire transfer or ACH transaction needs to be made, nor is it necessary to link your bank account. All you need is your debit card and the app.
Pros
- Available in notable retail stores
- Mobile app
Cons
- Only available in U.S.
- Tiered KYC for higher purchasing limits
LibertyX is designed to be non-custodial. It works with all bitcoin wallets, including mobile, desktop, and hardware wallets. Simply enter your address into the LibertyX app. You can buy bitcoin with your debit card at an ATM and visit over 30,000 locations to complete the transaction with your debit card or cash at select stores.
RockitCoin
RockitCoin
Availability
U.S. and Puerto Rico
Crypto
BTC, BCH, LTC, ETH
KYC
Low
Fees
Spread fee + flat fee ($1-$2)
RockitCoin is headquartered in Chicago and operates over 1,500 Bitcoin ATMs in cities and towns across the United States. Aside from ATMs, the company also provides other services. A mobile wallet and an online exchange are two examples. You can also host a RockitCoin ATM in your local community to earn some extra income.
Pros
- Minimal KYC
- 24/7 availability
- High withdrawal limits
Cons
- Only in U.S. and Puerto Rico
RockItCoin only asks for a phone number rather than requesting proof of identification from each customer in the form of a government-issued ID. Users can also buy, sell, transfer, trade, and store a wide variety of cryptocurrencies using the RockItCoin mobile app. The RockItCoin app gives you complete control over your coins as a digital wallet. You will be the only one to receive the private key when setting up the wallet.
Pelicoin ATM
Pelicoin
Availability
Southern U.S.
Crypto
BTC, LTC, and ETH
KYC
Intermediate
Fees
N/A
The Gulf South is home to the Pelicoin network of cryptocurrency ATMs. Currently, they have machines spread across Texas, Louisiana, Mississippi, Alabama, and Alabama. Their ATMs are installed in shops that are open late or round-the-clock. You can get your bitcoins from the Pelicoin ATM either directly in your wallet or through a paper wallet.
Pros
- Uses paper wallets
- Pays bitcoin ATM fees for you
Cons
- Limited locations, even in the U.S.
- Unclear fee structure
You may only need your phone and the cash you used to make the purchase when using Pelicoin ATMs. Depending on how much bitcoin you want to buy, a driver’s license might be required. Additionally, Pelicoin covers your fees at the bitcoin ATM. At their ATMs, you can buy LTC, BTC, and ETH. You can use a QR code, a wallet, or a paper wallet to receive crypto.
The best bitcoin ATMs do offer low fees and privacy
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Bitcoin ATMs are infamous for notoriously high transaction fees and AML KYC requirements. Most companies that support these services must adhere to strict regulations to be able to operate in multiple locations.
Accordingly, as these companies become more successful, operating costs increase. Retailers must pay for mining fees, antennas, armored trucks, and store rent. While this initially increased the cost passed onto customers, as time has moved on, services have become cheaper and more competitive. Many crypto ATM machines now have low fees and do not sacrifice privacy. You can have both!
Frequently asked questions
What are crypto ATM fees?
Crypto ATM fees vary based on the machine and company. The fees included transfer fees, exchange fees, debit or credit fees, mining fees, etc. Some ATM companies will specify which fees the machine charges.
How do crypto ATMs execute transactions?
Crypto ATMs facilitate transactions in multiple ways. Some require that you generate a transaction through an app using a QR code. Others may link an account with an exchange, or debit or credit card, or wallet and debits from your account. While it is a nascent practice, some ATMs generate a paper wallet for transactions.
Which bitcoin ATMs have the lowest fees?
sh*tcoins.club and Coin Cloud ATM have the lowest ATM fees. The most expensive crypto ATMs charge between 15%-20%. The average fees tend to be between 13%-15%.
Do bitcoin ATMs charge a fee?
Bitcoin ATMs charge fees. The fees cover everything from mining fees, exchange fees, flat fees,or credit or debit card processing. Most fees range between 13%-15%.
How much does a bitcoin ATM charge for $100?
Many bitcoin ATMs charge between 13%-15%. If an ATM charges 15%, you will pay $15 for a $100 transaction. This does not take into account any additional fees like flat fees or conversion fees.
What are the best bitcoin ATMs?
The best bitcoin ATMs have low fees and minimal KYC. sh*tcoin.club and Coin Cloud have the lowest fees and minimal. They are also available in many locations.
Who has the most bitcoin ATMs?
LibertyX has the most bitcoin ATMs. They make up almost half of the market share of ATMs. The next largest is Coinme. The U.S. has the largest proportion of ATMS by country, with over 69,000 and counting.
What are the bitcoin ATM companies?
Bitcoin ATM companies differ based on manufacturers, software providers, and retailers. While some companies simply manufacture the kiosk, other may produce the software for the kiosks, and some may sell ATMs with software intact somewhat like a franchise. Some of the most prominent Bitcoin ATM companies are LibertyX, Bitcoin Depot, and Coinme among others.
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