Are bitcoin ATMs safe? As Bitcoin becomes a more prevalent payment method around the world, I could also see ATMs like this being popular among travelers looking to avoid the poor rates found at the currency exchanges of each country. 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. Make sure to click on an ATM location on the map to view its fees and operation limitations. Bitcoin ATMs offer a number of advantages over other methods of purchasing bitcoins.