How to use Bitcoin ATM

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Avatar for Lamine80
3 years ago

Bitcoin ATMs

Bitcoin, the most popular cryptocurrency in the world, has become a widely accepted payment method. Even though, it has faced some setbacks it continues in the limelight. Moreover, various businesses ranging from small convenience stores to multinational retailers have started accepting Bitcoin as a payment option for their transactions.

With the increased acceptance of the new form of currency, there are now Bitcoin ATMs that provide simple access and almost instant to Bitcoin. These ATMs are just like traditional banking ATMs, but allow people to buy or sell Bitcoin and other cryptocurrencies using cash and without need for pre-registration or long delays.

To use a Bitcoin ATM you only need to follow a few steps and it takes little time to complete a transaction. Here are the steps you need to follow:


Finding a Bitcoin ATM location near you

First, you will need to find the nearest machine. One of the handy ways is using by using Coin ATM Radar (https://coinatmradar.com), which keeps all information about Bitcoin ATMs including fees, verification procedures, online status, and many more. Also, you will find a live map of ATMs on the site.

Add your location in the search bar located on the top left corner.

  1. Click the search icon to see a list of the nearest ATMs.

  2. Pick a Bitcoin ATM and then click ‘Get directions’ to get the exact Google maps location and address.

Chainbytes Bitcoin ATMs interface is very intuitive and easy to use. Users can buy and sell Bitcoin or redeem vouchers using them.

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Avatar for Lamine80
3 years ago

Comments

Very good information, and hopefully many more ATMs will appear as time goes by. Best regards.

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3 years ago