Recommended posts. There are a couple of important factors to keep in mind when using a Bitcoin ATM. The video below shows the entire process. Each confirmation typically takes 10 minutes. If you send the cryptocoins to the wrong address, there’s no way to get them back. Bitcoin ATM manufacturing is an industry that continues to grow and there are numerous companies that either create Bitcoin ATMs or offer similar Bitcoin-to-money conversion services. A Bitcoin wallet is a digital storage space that allows you to hold or spend your Bitcoin.