Bitcoin ATM
By CoinGecko | Updated on Mar 10, 2020
ATM refers to Automated Teller Machines, similar to that of the traditional finance sector. Users can buy/sell cryptocurrencies from the machines for a fee. Bitcoin ATMs also known as Bitcoin Teller Machines, or BTM for short.
Related Terms
Sim Swapping
It is a tactic where hacker overtake the mobile phone to exploit the two-factor authentication and two-step verification.
Wallet Address
The address in which cryptocurrency can be stored, sent to and receive.
Off-chain
It refers to transactions occuring outside the blockchain and executed instantly.
Masternodes
Computers that are responsible for processing blockchain transactions and receive a reward when a block is mined.
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