What is a DCM?

Digital Currency Machines Explained
By 
Coin Cloud Team
, published on 
October 16, 2020
What is a DCM?

The cryptocurrency industry is confusing enough. Why do we need to make it more complicated by using different terminology?

You might have wondered:

     
  • What is a Digital Currency Machine (DCM)?
  •  
  • How is a DCM different from a Bitcoin ATM (BTM)?
  •  
  • How do we know what this kiosk does compared to that one?

Digital Currency Machine vs Bitcoin ATM

There are a few things to look at when it comes to figuring out what best to call a machine that offers a service. There’s not just one answer.

Here’s the short answer: A Digital Currency Machine, Cryptocurrency Kiosk, Crypto ATM, Bitcoin ATM and BTM are all basically the same thing. They’re machines that let you buy (and/or sell) bitcoin, and sometimes other digital currency, with cash. They don’t require a bank account — just cash and a mobile wallet.

Here’s the longer answer: While the industry has chosen to use the “Bitcoin ATM” verbiage most often (followed by BTM and Crypto ATM), we at Coin Cloud don’t necessarily agree that it’s the most accurate description.

Using the term “ATM” is confusing to many consumers because they naturally associate it with a banking ATM (which is fine, because that’s what it’s named after).

Four Problems with “Bitcoin ATM”:

1. Unlike an ATM, you don’t need a bank account or debit card to use a Bitcoin ATM. 2. 80% of BTMs don’t let you withdraw cash like an ATM does. 3. ATMs have a different set of licensing requirements than BTMs. 4. Many BTMs are compatible with more virtual currencies than just Bitcoin (hence the term Crypto ATM, which still has the first three problems).

Introducing the Digital Currency Machine (DCM)

Coin Cloud prefers to call our kiosks Digital Currency Machines because it’s a more accurate description, and because our kiosks are different than other brands:

     
  • Coin Cloud DCMs let you buy AND sell digital currencies with cash
  •  
  • Coin Cloud DCMs support bitcoin AND 30 altcoins for both buying and selling

No other national brand can say this. 100% of Coin Cloud DCMs are two-way (bidirectional), so you can buy digital currencies with cash, or sell them for cash (“cash out”). Other brands operate 96%+ buy-only machines, compatible with only a few additional currencies besides bitcoin.

So don’t be confused. We don’t mind if you call our machines a Bitcoin ATM, BTM, Crypto Kiosk, or just a Coin Cloud. But when you hear the term Digital Currency Machine, or DCM, you’ll know it’s new-and-improved terminology that we feel best represents what we offer our customers.

Disclaimer: The information and views supplied on the Coin Cloud blog are for educational and entertainment purposes only. We are not financial advisors, so please do your research and consult with a trusted financial specialist before investing your money.

What is Coin Cloud?

Founded in 2014 in Las Vegas, Nevada, Coin Cloud is the leading digital currency machine (DCM) operator. With over 4,500 locations nationwide, in 48 states and Brazil, Coin Cloud operates the world’s largest and fastest-growing network of 100% two-way DCMs, a more advanced version of the Bitcoin ATM. Every Coin Cloud DCM empowers you to quickly and easily buy and sell over 40 cryptocurrency options with cash.

Get $25 in FREE Bitcoin

When You Buy $150 or More at Any Coin Cloud DCM

Use promo code COINCLOUD at the machine

Enter your email for updates, promos, and more ...

You're in! We'll occasionally send opportunities to redeem digital currency to the email you provided. You can opt out at any time.
Hmm... Looks like something went wrong while submitting the form. Please try again.
Read our Promotion Terms of Service for offer details

Questions? Need Help?
Contact our 24/7 US-based Client Support team