Although the Bitcoin industry has adopted the term ATM, Instacoin ATMs differ from the automated teller machines you'd associate with banks and other financial institutions. Instacoin is not a money services business. It doesn't distribute or exchange domestic or foreign currency, remit or transmit funds or issue or redeem negotiable instruments. Instacoin Bitcoin ATMs are like vending machines. Whereas an ATM is associated to your bank account or an account with another financial institution, and lets you withdraw or transfer your money, a Bitcoin ATM lets you buy Bitcoin with your money ($CND).