How to Use a Bitcoin ATM? Everything You Need to Know About Bitcoin ATM

How to Use a Bitcoin ATM? Everything You Need to Know About Bitcoin ATM

There’re a number of ways one can buy cryptocurrencies. If you like the idea of buying cryptocurrencies through a Bitcoin ATM, you’ve come to the right place. In this blog post we’ll let you know how to use a Bitcoin ATM. But before we go any further into details, it’s important to know where you can find Bitcoin ATM. It’s super easy to locate a crypto ATM. All you need is to use a tracking website, which tells you about all the Bitcoin ATM locations around you.

How to Use a Bitcoin ATM? Everything You Need to Know About Bitcoin ATM

How to Use a Bitcoin ATM?

A Bitcoin ATM is much like a traditional ATM machine. It allows you to purchase Bitcoin using cash or debit card. Bitcoin ATMs aren’t connected to any bank but with a Bitcoin exchange. After you’ve located a Bitcoin ATM near you, visit the ATM and go to the ‘’Deposit option’’ and provide your wallet address information. You can either type it manually or scan it using your wallet’s QR code through your mobile phone. Insert the cash into the machine and wait for the confirmation of the transaction. It’s easy, isn’t it?

How much does a Bitcoin ATM charge?

Usually, Bitcoin ATMs charge a fixed fee of around 8.93%. However, you may also find some with low transaction fees. Crypto ATMs normally charge a percentage instead of a flat transaction fee, like bank ATMs.

Is it possible to withdraw from a Bitcoin ATM?

Not every Bitcoin ATM allows cash withdrawal. However there are some models that allow withdrawal option. Coinsource Bitcoin ATMs are widely known for offering fast and easy cash withdrawals. You just need to sign up to your account on the ATM, and select the ‘’Withdrawal Option.’’ It’s simple and easy.