You might have walked past one at your local shopping centre or spotted one tucked inside a convenience store. Bitcoin ATMs are becoming an increasingly familiar sight across Adelaide, and while they’re a...
Summary
- You might have walked past one at your local shopping centre or spotted one tucked inside a convenience store.
- Bitcoin ATMs are becoming an increasingly familiar sight across Adelaide, and while they’re a legitimate way to buy cryptocurrency, authorities are warning that scammers are using the machines to trick people into handing over their money.
- And despite their growing presence, plenty of people, including some of the businesses hosting them, aren’t entirely sure what they are or how they work.
- Unlike the traditional ATM you visit to withdraw cash, these machines allow customers to exchange physical money for cryptocurrency, including Bitcoin.
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