Bitcoin purchases made with cash deposit are usually delivered within two hours, and in many cases in under an hour! High Fees — Bitcoin ATMs can be convenient but they are usually much more expensive than using web services such as Coinbase and CoinJar which can convert Bitcoin into cash and deposit it into your bank account directly. The only way to send and receive Bitcoin is through a Bitcoin wallet. BitQuick Popular. Some Bitcoin ATMs will only allow for the buying of Bitcoin while others have both a buy and sell functionality.