A Bitcoin ATM is a kiosk that allows you to buy and sell Bitcoin and other cryptocurrencies using cash. It works like a traditional ATM, but instead of dispensing cash, it dispenses Bitcoin. A Bitcoin ATM is a device that allows users to buy and sell Bitcoin using cash. These machines are similar to traditional ATMs, but instead of dispensing cash, they allow users to deposit cash to buy Bitcoin or to withdraw Bitcoin by scanning a QR code from a crypto wallet app and dispense cash. Bitcoin ATMs have become increasingly popular as Bitcoin becomes more mainstream.
However, regarding Bitcoin ATMs in Turkey, according to Article 17/5 of the Law on Amendments to the Capital Markets Law; the activities of ATMs and similar electronic transaction devices located in Turkey that allow customers to convert crypto assets into cash or cash into crypto assets and to transfer crypto assets will be terminated within three months following the entry into force of this law on 26/06/2024. There will be a series of sanctions on ATMs that do not terminate their activities.