How do Bitcoin ATMs work?
Using a scanned QR Code, bitcoins can be sent directly into the customer’s Bitcoin Wallet. Convert USD into BTC in minutes.
BTMs can also buy bitcoin and then dispense cash back. This option isn’t as common in BTMs. Many only allow you to buy bitcoin.
WHY YOU SHOULD USE
A BITCOIN ATM
Bitcoin provides greater privacy. There is no need for you to share your bank account or credit card information.
Transactions can be done in a matter of seconds. You can even reserve cash at the BTM in advance with their app.
Before you go to the Bitcoin ATM
To ensure smooth transactions at a Bitcoin ATM, there are some things you need to do. A digital bitcoin wallet must be set up prior to using the bitcoin atm machine.
How to buy Bitcoin at a Bitcoin ATM
First, you will need to provide identification when approaching the BTM. It is as easy as entering your mobile number and typing an SMS password to your phone. This is how Bitcoin works, and it allows you to keep your transactions private. Next, you'll be asked to purchase or sell. You will need to scan the QR code from your bitcoin address in order to buy. You will need to enter the amount that you wish to buy and then feed the cash into the machine. Once you confirm that bitcoin has been sent to your wallet, you are done!
You will need to send bitcoin to the BTM QR code to sell bitcoin. Some machines will immediately complete the transaction and disburse cash. Some machines require a waiting period.
Locate Bitcoin ATMs!
Simply jump online to find the closest BTM. To find the closest Bitcoin ATM, simply search “Bitcoin ATM near me”, for example. You can also search for “Bitcoin ATM near me” if you don’t have your exact location.