The popularity of Bitcoin ATMs has surged in recent years, providing an accessible bridge between digital currency and ...

Bitcoin ATM scams are becoming a serious problem, and they're not just affecting people who are new to crypto. These machines are showing up in more everyday places, like petrol stations, corner ...

The kiosks, known as bitcoin teller machines (BTM) and often found in places like convenience stores, bars and gas stations, resemble conventional ATMs.

How do Bitcoin ATMs work? As cryptocurrency went mainstream, companies that sell it began to place Bitcoin ATM machines in heavily trafficked stores and businesses, says Breyault.

Consumers lost $66 million to crypto ATM fraud in the first six months of 2024, the Federal Trade Commission said. The money often cannot be recovered.

The U.S. Federal Trade Commission (FTC) has reported a massive increase in losses to Bitcoin ATM scams, nearly ten times the amount from 2020 and reaching over $110 million in 2023.