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Bitcoin ATM Scams Are on the Rise: What You Need to Know to Protect Yourself

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Bitcoin ATMs, also called crypto ATMs or BTMs, are popping up in gas stations, convenience stores, malls, and corner shops. At first glance, they look like the standard ATM you might use at your credit union or bank, but instead of giving you cash, they allow users to deposit cash and send cryptocurrency, such as Bitcoin, instantly. Understanding how Bitcoin ATMs work, and how scammers misuse them, can help you recognize warning signs, slow down, and protect yourself and your…