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Early in 2018, Daniel Polotsky, along with Benjamin Weiss, came back to Northwestern University, where Polotsky studied Russian and economics and founded what would become CoinFlip. These days, CoinFlip provides cryptocurrency ATMs all over the United States. In his return visit to Northwestern, Polotsky sought to provide some clarity into the subject of cryptocurrency and blockchain, two related subjects that are often misunderstood.

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Using a cryptocurrency ATM to buy or sell cryptocurrency can be an intimidating process if you’ve never done it. But cryptocurrency ATM companies like CoinFlip are making the experience easy, even for the uninitiated. The key to using a cryptocurrency ATM like CoinFlip’s is to be prepared. That means having your wallet (more on that later) set up, knowing what currency you need to select, and whether you’re planning to buy or sell your selected cryptocurrency.

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As the popularity of cryptocurrency continues to rise, with new currencies coming out every day, consistently fluctuating values, and a growing user market, it’s hard to meet someone who hasn’t heard of it.

And yet, after the initial recognition, it’s very difficult to find a person who can get past the trendy phrases we’ve all already heard and know. Cryptocurrency has garnered a reputation of being a bit abstract/obscure, and many people write it off as something they won’t ever understand, a niche interest for those who click with numbers.

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Bitcoin ATMs are still a novelty and poses their own positives and negatives. Let's take a look at the pros and cons of bitcoin ATMs.