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What are the benefits of crypto ATMs?
What are the benefits of crypto ATMs?

Advantages of cryptocurrency ATM

Alex avatar
Written by Alex
Updated over a week ago

1. Immediacy

Cryptocurrency ATMs can complete transactions in few minutes. For buy order, as soon as money has been inserted into our ATM, a purchase is executed for the total payment amount.

If you’re looking to make a sell order, our cryptocurrency ATMs make it so that you no longer need to wait several days to receive cash.

2. Ease of use

All you have to do is follow a simple and clear step by step process when using our ATMs. You do not need to set up an account, online wallet, or deal with lengthy public keys.

Your receipt contains a QR code, with the public and private keys, which can be scanned and immediately recognized by standard wallet apps, if you have one.

3. Security

The infrastructure running behind the cryptocurrency ATMs (including support team) are hosted, operated and managed by Bity, a company headquartered in Switzerland, having financial intermediary status. Switzerland is a country with the highest standard for privacy and regulatory oversight.

The related cryptocurrencies nodes, used to send and receive transactions, are hosted, operated and managed by us as well.

Another security measure is that whenever a new transaction request is made, our ATMs generates a new private key and public key as QR codes printed on a paper known as a “paper wallet”.

4. Flexibility

You can buy or sell cryptocurrencies at any of our locations whenever you want. We provide you with a paper wallet that allows you to choose between keeping your cryptocurrency offline on a hard wallet or transfer them to an online wallet.

5. No need of customer account

We do not require customers to have an account with us or complete identity verification checks (KYC) to use our ATMs.

Indeed, the swiss regulation related to Anti-Money Laundering allow you to make a single or several transactions for a total amount of CHF 1’000.- per month.

If you want to exceed this limit, you must create an account on and be verified according to Bity’s KYC procedure.

6. Location & availability

Our ATMs are located in many cities in Switzerland, such as Zurich, Zug, Winterthur, Basel, Lugano, Geneva, Lausanne and Neuchâtel.

Therefore, you can for sure find an ATM near you here:

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