Bitcoin ATMs are a convenient way to buy Bitcoin with cash. They are located all over the world, and the process of buying Bitcoin from them is relatively simple.
Here are the steps on how to buy Bitcoin from a Bitcoin ATM:
Install a Bitcoin wallet app. This is where you will store your Bitcoin after you buy it. There are many different Bitcoin wallet apps available, so choose one that you are comfortable with.
Locate a Bitcoin ATM near you. You can use websites like CoinHub ATM: https://coinhubatm.com or Coin ATM Radar: https://coinatmradar.com/ to find Bitcoin ATMs in your area.
Go to the Bitcoin ATM. Once you have found a Bitcoin ATM, approach it and insert your cash.
Select the “Buy Bitcoin” option. The Bitcoin ATM will display a menu of options. Select the “Buy Bitcoin” option to begin the buying process.
Enter the amount of Bitcoin you want to buy. The Bitcoin ATM will display the current price of Bitcoin. Enter the amount of Bitcoin you want to buy.
Verify your identity. Depending on the Bitcoin ATM, you may be required to verify your identity. This may involve entering your phone number, name, and email address.
Scan your Bitcoin wallet address. The Bitcoin ATM will display a QR code. Use your Bitcoin wallet app to scan the QR code. This will tell the Bitcoin ATM where to send your Bitcoin.
Confirm the transaction. The Bitcoin ATM will display a summary of the transaction. Confirm the transaction by pressing the “Confirm” button.
Receive your Bitcoin. The Bitcoin ATM will send your Bitcoin to your Bitcoin wallet. This usually takes a few minutes.
That’s it! You have now successfully bought Bitcoin from a Bitcoin ATM.
James has been a crypto enthusiast for a year. He’s an avid watcher of all the latest developments in the space, and enjoys predicting what will happen next with his favorite coins.
He lives in his hometown of New York City with his wife and two sons. His hobbies include watching movies, playing basketball, and reading about how to survive disasters that may occur from climate change or an asteroid impact!
