Sep 17, · How to Send Cash to Someone Using a Bitcoin ATM Step 1: Enroll Before You Go!. Create an account with Coinsource if you don’t already have one, and log in. The process Step 2: Locate The Nearest Bitcoin ATM. Find the Coinsource Bitcoin ATM closest to you with this simple tool. First, Step 3. Oct 05, · The Quick Summary Of How To Use A Bitcoin ATM: Touch the screen to start. Click “buy bitcoin”. Input your phone number. Input the verification code sent via text to the phone number you submitted. Scan the QR code of your bitcoin address. Deposit the amount of money . Nov 21, · How Do I Use a Bitcoin ATM? Choose “Buy Bitcoin”. Scan the QR code of your Bitcoin address with the BTM scanner. Depending on the ATM and jurisdiction, you may need to provide identification. Enter the amount you want to purchase. Insert cash to the BTM. Wait for the machine .
How to deposit money to bitcoin atmHow To Use A Bitcoin ATM - A Beginner's Guide
No matter where you are, it will show you all the closest machines to your location with the click of a button. Aside from locating Bitcoin ATM near you, this tool will help you get useful information such as:. To start locating a Bitcoin ATM closest to you, follow simple steps below:.
Depending on the type of machine, some Bitcoin ATMs may support two-way operation which allow you to exchange fiat money for bitcoin and vice versa. All you need to do is deposit your dollars, pounds, euros etc into the machine and scan your public address.
So remember to have your Bitcoin wallet ready on your handphone. This is where your bitcoin is sent in exchange for the amount of money you insert into the Bitcoin ATM. You can also choose a reliable bitcoin wallet here to generate a public address and keep your Bitcoin safe.
Verify your identity. Provide your bitcoin address for deposit. Insert your fiat money into the Bitcoin ATM. Next, insert the amount of fiat money you want to exchange for bitcoin,. Most ATMs require you to slip the paper money one by one into the designated deposit area. Only few machines accept bulk insertion. Confirm the amount and complete your transaction. The bitcoin will be sent to the bitcoin address provided.
Here is a general selling process at all bitcoin ATMs:. Now you know how to use a Bitcoin ATM to buy and sell bitcoin! And as mentioned earlier, the total number of ATMs around the world are very less and some of them can only be either used to buy bitcoins or sell bitcoins because the two-way type Bitcoin ATM is even rarer to find. To combat such limitations, there are some special types of Bitcoin ATMs which you can use to sell your Bitcoins sitting in a remote location and then can withdraw cash upon completion of the transaction from an ATM that is near you.
Some Bitcoin ATMs even accept Bitcoin debit cards so you can also withdraw cash in case you need it while traveling to a foreign country. This feature eliminates the headache of exchanging currencies while traveling abroad. If you have ever used a Bitcoin ATM, we would love to hear your experience in the comments section below.
Like this post? Harsh Agrawal is the Crypto exchanges and bots experts for CoinSutra. He has a background in both finance and technology and holds professional qualifications in Information technology. After discovering about decentralized finance and with his background of Information technology, he made his mission to help others learn and get started with it via CoinSutra.
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Learn how your comment data is processed. This article will All Cryptocurrencies Exchanges Services Wallets. March 2, Below are some of the most popular Bitcoin ATM manufacturers: coinatmradar. Next Post Polehin. Anca F. Related Posts. December 22, Will Dogecoin Price Go Up? December 18, December 8, October 24, October 7, We Recommend. Top Rated Casinos. Bitstarz Casino. Top Investment Projects. Trust Capital LTD.
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