If you transact with Bitcoin regularly or need to convert your cash to Bitcoin and vice versa, Bitcoin ATMs may be a good option for you. The machines are the physical bridges from traditional finance (TradFi) to web3. If you are looking for a safe option offering low fees and privacy features, check out our list of the top low-fee Bitcoin ATMs on the market today.
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Methodology
BeInCrypto identified the top Bitcoin ATM providers for withdrawing cash and buying and selling crypto. This methodology focuses on their security features, low Bitcoin ATM fees and an emphasis on the KYC processes. This information was gathered from our product teams after extended testing over an eight-month period.
Shitcoins.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.
- Shitcoins.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.
Just Cash ATM
- Just Cash emphasizes a low KYC requirement, utilizing existing ATM networks to facilitate secure 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, follow this link.
What are the best Bitcoin ATMs?
1. Shitcoins.club ATM
Shitcoins.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 Bitcoin ATM fees are reduced to 0% or an extra +2% is applied to exchanges. Shitcoins.club ATMs can be found in nearly 200 locations across Europe and Peru, with plans to expand.
- Low fees
- Minimal to no KYC
- Only available in Europe and Peru
Bitcoin ATM 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. Shitcoins.club also offers six cryptos. BTC, ETH, LTC, USDT, TRX and DASH, each with their own buy and sell rates.
2. Coinstar Bitcoin Machines
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.
- Available in grocery stores
- Fees are low to intermediate compared to competitors
- 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.
3. Just Cash ATM
Just Cash has been in business in Florida since 2015. The organization allows Bitcoin purchases from traditional ATM machines. Just Cash makes use of the existing ATM network to bring cryptocurrency and payments to the general public.
- No KYC
- Uses existing ATMs and payments processes
- Uses paper wallets
- 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.
4. LibertyX ATM
In 2013, LibertyX unveiled its first anonymous Bitcoin ATM, marking the beginning of its now extensive Bitcoin ATM network. 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.
- Available in notable retail stores
- Mobile app
- 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 initiate a Bitcoin purchase 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.
5. RockitCoin
RockitCoin, headquartered in Chicago, operates over 1,500 ATMs in cities and towns across the United States, making it one of the largest Bitcoin ATM networks. 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.
- Minimal KYC
- 24/7 availability
- High withdrawal limits
- 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 who receives the private key when setting up the wallet.
6. Pelicoin ATM
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 Bitcoin from the Pelicoin ATM either directly in your wallet or through a paper wallet.
- Uses paper wallets
- Pays Bitcoin ATM fees for you
- 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 anonymous 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.
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 because they are not linked to a bank account.
These ATMs withdraw from crypto wallets, crypto or crypto debit cards, and accounts connected to exchanges. To use one, typically, you enter the wallet address or scan a QR code, enter the amount to withdraw, and receive cash. The ATM debits the crypto from your account and converts your cash to Bitcoin in your native currency (e.g., USD, GBP, EURO).
There are more than 38,000 ATMS in the world, 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.
Bitcoin ATMs comparison
| ATM | Availability | Crypto | KYC | Fees |
|---|---|---|---|---|
| Shitcoins.club | Europe and Peru | BTC, ETH, and 4+ | Low | Varies, but typically 3%-4%, |
| Coinstar Bitcoin Machines | The U.S. | BTC, LINK, and 6+ | Intermediate | 4%-11% |
| Just Cash | The U.S. | BTC | Low | Low |
| LibertyX | U.S. | BTC | Intermediate | 8% |
| RockitCoin | U.S. and Puerto Rico | BTC, BCH, LTC, ETH | Low | Spread fee + flat fee ($1-$2) |
| Pelicoin | Southern U.S. | BTC, LTC, and ETH | Intermediate | N/A |
What is a Bitcoin ATM?
A Bitcoin ATM is a kiosk that allows users to sell and buy Bitcoin using cash or debit cards. These machines connect to the internet to facilitate secure Bitcoin transactions on the blockchain. Users can scan a QR code from their Bitcoin wallet to receive purchased Bitcoin or input wallet information to sell Bitcoin for cash.
Bitcoin ATMs provide a convenient way for people to engage with cryptocurrency without needing a traditional bank account.
The best Bitcoin ATMs offer low fees and privacy
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 ATMs now have low fees and do not sacrifice privacy features. You can have both.
Frequently asked questions
What’s the difference with a Bitcoin ATM and a regular ATM?
Is LibertyX ATM a Bitcoin ATM?
What are crypto ATM fees?
How do crypto ATMs execute transactions?
Which Bitcoin ATMs have the lowest fees?
Do Bitcoin ATMs charge a fee?
How much does a Bitcoin ATM charge for $100?
What are the best Bitcoin ATMs?
Who has the most Bitcoin ATMs?
What are the Bitcoin ATM companies?
What is a Bitcoin ATM?
Are Bitcoin ATMs anonymous?
Are Bitcoin ATMs private?
Disclaimer
In line with the Trust Project guidelines, the educational content on this website is offered in good faith and for general information purposes only. BeInCrypto prioritizes providing high-quality information, taking the time to research and create informative content for readers. While partners may reward the company with commissions for placements in articles, these commissions do not influence the unbiased, honest, and helpful content creation process. Any action taken by the reader based on this information is strictly at their own risk. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
