A Bitcoin ATM opens in Dortmund: There are only three in Germany

In Dortmund, there has been one of three Bitcoin machines in Saturn Germany since May. But what do customers actually get from buying cryptocurrency at an ATM?

Dortmund – Welcome to the 21st Century or Nonsense? When it comes to Bitcoin and Co. Opinions are (still) divided. For some it is the ultimate innovation. Others can’t do anything with cryptocurrency. Apart from this, one of three Bitcoin machines in Saturn, Germany is now located in Dortmund.

Bitcoin machine in Dortmund near Saturn: customers can exchange cash for crypto

The legitimate question now arises: What can the Bitcoin machine at Saturn in Dortmund do? Because the first thing that makes the news, about both Echo BTC In addition to other suspicious crypto portals report. Cryptocurrencies are actually digital – why do you need a vending machine?

Customers should not think of the Bitcoin machines at Saturn in Dortmund as a classic ATM. On the contrary, cash there is exchanged for cryptocurrencies Bitcoin or Ethereum – but you do not get anything physical (more news from Dortmund at RUHR24).

But what is necessary for this? Bitcoin and Ethereum are digital. For cryptocurrency cash transactions, users need a so-called wallet app, which is a digital wallet. You must also register with a Saturn Kurant partner. An amount of money can then be set in the machine located at Saturn in Dortmund.

Dortmund Bitcoin Machine: Saturn wants to make it easier for customers to get started with crypto

The wallet app generates a QR code that the device can scan. In this way, the transferred amount of Bitcoin or Ethereum can be transferred to your own wallet.

Reverse computer image Kristian Stefan, Head of Innovation Research at Mediamarktsaturn Retail Group, said the demand for cryptocurrencies has been overwhelming. There have been Bitcoin ATMs in Austria since 2019 – in a total of eleven branches in Mediamarkt and Saturn.

The Bitcoin machine in Dortmund near Saturn is said to be a serious crypto show

The background to this project, which should also benefit clients in Dortmund, should be the factor of seriousness. There are many ways to buy cryptocurrency online. However, it is very difficult for ordinary people to distinguish between serious and dubious gates.

The pilot project in Austria was successful. Now it is a logical step to try it in Germany as well. There are approximately 410 Saturn and Mediamarkt branches in total. So there is still room for improvement.

In addition to Dortmund, Saturn and Mediamarkt, customers can now also find Bitcoin machines in Cologne and Frankfurt. There are a total of 30 ATMs in Germany. There are 34,000 Bitcoin ATMs worldwide (30,000 of which are in the USA). While the bitcoin machine opened in Saturn in May, Mymuesli announced the closure at Thier Fair. However, there is still a discount campaign for customers.

List of rules: © Sabrina Wagner / RUHR24; Felix Schleicks / Lubeca / Imago; Collage: Sabrina Wagner / RUHR24