Can you buy bitcoin from a bitcoin ATM? Yes, if you wish to buy bitcoin from a bitcoin ATM, you need to locate the nearest machine to your location. There are bitcoin maps online to help you find the unit nearest to your location. The next step is to understand the nature of the machine if you wish to purchase bitcoin from it. Experts say the average user of bitcoin ATMs might find it difficult to buy bitcoin for the first time. This is why you should first understand how to buy bitcoin from the ATM and understand the differences between them as well.
Locate your nearest local bitcoin ATM to start buying bitcoin
Bitcoin ATMs are made and maintained by different operators. All of them are not the same. It is prudent for you to have some understanding of how these units work first before you proceed to buy bitcoin from them. The process is not difficult; however, make sure you have a bitcoin wallet as the bitcoin you request will be transferred to them instantly.
Steps to follow at the bitcoin ATM
When you visit the nearest local bitcoin ATM to begin to buy bitcoin, you need to follow some basic instructions the units will ask you to do. They might vary from machine to machine; however, the basic instructions are more or less the same. They are-
- Verification- This step might be there in the machine, and most of the time, it is optional. So, make sure you are sure of your bitcoin details in case you might need to undergo a verification process.
- Bitcoin address for deposit – The unit will ask you to insert the bitcoin address for deposit. Some units give you the option of printing or emailing them when you are on the move. However, experts in bitcoin state you should be ready with it before you use the unit.
- Insert the cash inside the unit.
- Confirm the operation when bitcoin are transferred to your wallet. This process might take a few seconds, so wait for the confirmation.
The above process might differ from one ATM to another. Different machines might have unique limits and other regulations set. The hardware and software of the machine differ, and it depends upon the operator.
When you buy bitcoin from the local bitcoin ATM, make sure that you do not share your personal details with others. You can take some guidance from credible websites and video demos online to get an accurate idea of how these machines work. Make sure that you enter all your details correctly. If you are traveling and wish to find out the locations of the nearest ATM for bitcoin near, you refer to the bitcoin ATM map online. You will find a list of operating ATMs for your needs. The bitcoin ATM is safe, and you can buy as many bitcoin as you wish to in exchange for cash without tensions at all.