Cryptocurrency Trends: How to Use a Bitcoin ATM

In May 2021, 51% of Americans said they bought cryptocurrency for the first time within the last 12 months. As you can see, cryptos have become immensely popular in the last few years, offering people an alternative to fiat currency.

If you’ve been curious about what all the fuss is, then you might want to invest in crypto yourself. But forget about online exchanges; one of the biggest cryptocurrency trends is Bitcoin ATMs.

Want to know how to use them? Then read on for some simple instructions!

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How to Find a Bitcoin ATM

First, you need to find a Bitcoin ATM to perform your transactions at. Thankfully, that’s easy to do.

You just need to search something like “Bitcoin ATM near me” and Google should tell you all the nearby locations. Individual providers will also have a search function on their websites. Learn more about their ATMs here.

Take a look, then select the kiosk you want to visit.

How to Use a Bitcoin ATM

When you arrive at the Bitcoin ATM, it’ll look like a normal ATM. And it’ll function like one, for the most part.

The key difference is you aren’t depositing or withdrawing money from a bank account. Instead, you’re selling or buying Bitcoin.

Here’s how to use a Bitcoin ATM like a pro.

How to Buy Bitcoin

To purchase Bitcoin, select the buying option on the screen. You can then type in how much Bitcoin you want to buy. The Bitcoin ATM will confirm the amount and what you do next will depend on whether or not you have a Bitcoin wallet.

If you do have one, then you’ll scan the QR code from your app. This is so the kiosk can deposit the Bitcoin in there after the transaction is done.

If you don’t have a Bitcoin wallet, not to worry. The ATM will generate a temporary one for you; it’ll print out the QR code. Needless to say, don’t lose this paper, or else you’ll lose your crypto.

Next, insert your cash or card. The Bitcoin ATM will then process the transaction in a matter of minutes and you’re done!

How to Sell Bitcoin

To sell Bitcoin, you’ll also select the correct option on the screen and then type in how much Bitcoin you want to part with. Then, you’ll be asked to scan your Bitcoin wallet’s QR code.

After confirming, the kiosk will then deduct the amount from your Bitcoin wallet. Lastly, it’ll dispense cash for the amount you’ve sold.

Keep Up With Cryptocurrency Trends

Now that you know how to sell and buy crypto on Bitcoin ATMs, you’ll be able to turn cash into Bitcoin, and vice versa. This is a more convenient way of trading Bitcoin, so give it a try. Even if you’re new to the crypto world, it’s very easy to figure out, so it’s worth a shot!

Can’t get enough of cryptocurrency trends? Then keep reading our blog page for more!

Check out: 5 Amazing Latest Bitcoin eBooks You must Read in 2022