A crypto teller machine exchanging a number of cryptocurrencies with fiat, including bitcoin (BTC) and bitcoin cash (BCH), will be operational next week in a Sofia mall. The BATM is a two-way device that will accept euro, dollar and Bulgarian lev deposits. It will also buy cryptos and print paper wallets.
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Two-Way Bitcoin ATM in Sofia
The new BATM will be available to residents and visitors of Sofia, the capital of Bulgaria, from Monday. The teller machine supports two-way transactions for several cryptocurrencies including bitcoin (BTC), bitcoin cash (BCH), ethereum (ETH), litecoin (LTC), and monero (XMR). The cryptos can be bought with EUR, USD, and BGN, the local fiat currency. The device is installed in The Mall, one of the popular shopping centers in Sofia located on the way from the airport to the city’s center.
The crypto ATM is operated by a local exchange, DG Cash, which shared the news of the launch on social media. “The exchange rates of the cryptocurrencies applied at the ATM are almost identical to the ‘We Buy’ and ‘We Sell’ rates on our website, and the commission we collect is approximately 3% of the market price as it is included in the exchange rate,” the trading platform detailed in a Facebook post.
According to the announcement, the limit for a single transaction is set at 10,000 BGN (~€5,100 EUR, $6,000 USD). Users can buy any of the supported cryptos by depositing euros, dollars, or Bulgarian levs. When selling, however, they’ll receive only BGN. The interface of the device supports Bulgarian, English and Spanish among other languages. In case someone wants to purchase digital coins but does not have an electronic wallet, the device can
