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
Ponzi Scheme
A Ponzi scheme is also referred to as pyramid scheme, and typically takes the form of an investment scheme which pays existing investors with funds collected from new investors.
Cloud Mining
Mining on blockchains through rented processing power rented from companies that host the physical equipment.
Genesis Block
It is the first block of data that is processed and validated to form a new blockchain, typically called as 'block 0' or 'block 1'.
Mining Rig
A dedicated hardware to mine
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