​​What is a Bitcoin ATM and How Does it Work?

Using a Bitcoin ATM is a safe and reliable method of buying and selling cryptocurrency. However, this doesn’t mean that there aren’t security risks; it’s the customer’s responsibility to keep their private keys private as they are used to validate crypto transactions, allowing a potential hacker to move Bitcoins into their own wallet if accessed. 

Always use a reliable wallet app that you trust to manage your private keys. Additionally, users should always be aware of waiting for complete confirmation on the blockchain before considering a transaction complete.

Localcoin ATMs are widely distributed across Australia, offering convenient access for users to engage in cryptocurrency transactions. Click here to find a Localcoin ATM near you