In Italy there are 229 active Bitcoin ATMs. Here’s how to use them, what fees apply and what to know about safety and MiCAR regulations
They are operational in Italy 229 Bitcoin ATMreal cryptocurrency ATMs that allow you to buy (and in some cases sell) digital coins in cash. According to data from CoinAtmRadarthe presence is concentrated above all in large cities: 26 in Milan17 in Bologna and Rome, 16 in Turin, 5 in Naples and Florence. A diffusion that testifies to the growth of the crypto market in our country too.
How Bitcoin ATMs work
A Bitcoin ATM is a terminal that allows you to exchange cash for cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Ripple (XRP) or stablecoins such as Tether (USDT).
The user selects the amount, scans the QR code of your wallet (the digital wallet) and inserts the banknotes: in a few seconds he receives the virtual coins.
The most advanced models, called two waysthey also allow you to sell crypto and collect cash.
It is not necessary to have an account with the company that manages the ATM, but – according to the European regulation MiCAR (Markets in Crypto-Assets Regulation) – all operations must comply with the procedures KYC (Know Your Customer): it is therefore necessary to provide an identity document and other personal data.
Commissions and costs: watch out for increases
The Bitcoin ATM fees are higher than those applied by exchanges or online brokers.
On average they vary between 7% and 12% on the amount, but they can go up to 15%–16%as stated by CoinFlip. To these one is often added network commission (network fee) which covers the costs of the transaction on the blockchain.
In comparison, digital brokers charge one spreads of 1–2%making it much more convenient. However, the ATM remains the most immediate solution for those who want to purchase tokens in cash without using cards or bank transfers.
Where they are located in Italy and who manages them
Beyond CoinFlipalso active in North America, companies such as Bitomatwhich manages the terminals Shitcoins.club, CryptoLocalATM And Rothbardrecently entered the Italian market.
The branches are located in tobacconists, electronics shops and shopping centres, with a progressive expansion also in medium-sized centres, from Cagliari to Bolzano.
Safety and risks
While convenient, Bitcoin ATMs are not without risk. In the United States they have been reported scam cases in which attackers induced victims to deposit money “to release funds” or “pay overdue bills”. Similar reports have also arrived in Italy: before confirming a transaction, it is always a good idea verify the recipient and the purpose of the operation.
The regulatory framework
Bitcoin ATMs are among the Crypto Asset Service Providers (CASPs) foreseen by MiCAR regulationwhich came into force in 2023.
Operators already registered as VASP at theOAM (Agents and Mediators Organisation) they will be able to continue to operate until 30 June 2026, provided they request authorization as a CASP by December 2025.
Supervision is the responsibility of Bank of Italy And Consobwhich guarantee transparency, adequate customer verification and consumer protection.
Bitcoin ATMs at a glance
Let’s make a summary assessment. THE Bitcoin ATM they therefore represent a fast and accessible solution for purchasing cryptocurrencies in cash, but with high commissions And risks that should not be underestimated. They are undoubtedly ideal for those who want small immediate transactions, but less suitable for those looking for convenience or long-term security.
