Apart from online crypto exchanges, you can use the ATM machines to buy and sell the cryptocurrencies. Yes, cryptocurrencies can be now bought using such machines with the facility send the same to any others account. Here we will tell how to buy and sell the Bitcoin using the ATM.
Also Read: What are Bitcoin ATMs and How Do They Work?
Steps to Buy Bitcoin at a Bitcoin ATM:
Step 1: First of all create an account with the Bitcoin ATM operator, privately establishing your identity.
Step 2: Now you need a Bitcoin wallet that will securely store the records of all of your Bitcoin transactions that you can do easily with a downloadable app for your smartphone.
Step 3: Now insert cash into the ATM and indicate which Bitcoin wallet address you want to send it to.
Step 4: Let’s say you insert $100. The Bitcoin ATM operator then sells you $100 worth of Bitcoin at the market price at that moment, minus their own operating fee.
Step 5: Now you will receive confirmation that your Bitcoin wallet now holds the secure record of this transaction, proving that you own that $100 worth of Bitcoin, after deducting the fees.
NOTE: Not all Bitcoin ATM operators are made equal! Some take longer to complete transactions than others. Some charge extremely high hidden fees. And with others, it can be hard to get customer support.
Also Read: How to Send Bitcoin from Cash App to Blockchain Wallet?
Steps to Sell Bitcoin at a Bitcoin ATM:
Step 1: First of all if you need to have an account with a Bitcoin ATM operator.
Step 2: Now use one of their kiosks, log in to your account, and indicate how much Bitcoin you want to sell, and which wallet address you want to sell from.
Step 3: Here this transaction needs to be verified on the Bitcoin network, or Blockchain.
Step 4: You will receive notification when it has been verified and you can withdraw your cash.
Step 5: This takes longer than buying Bitcoin, and different operators require more time than others.
Note: Different operators also have different levels of customer service, if any, so it pays to do your research in advance and do business with a Bitcoin ATM operator who is reputable, and has fast, reliable customer service.
Call Bitcoin Customer Care Number for Bitcoin ATM Issues
You can buy or sell using the ATM machine for Bitcoin transactions but ATM operator will charge a fee for each transaction, so the final cash you collect will be after deducting the operator’s fee and miner’s fee. Apart from that if you want to send the cash someone using the Bitcoin ATM you can do that.
However, if you have any problem and facing technical problem while buying and selling the Bitcoin through ATM you can call at Bitcoin customer care number for help. This helpline number is also open round the clock to resolve the Bitcoin cryptocurrency related various problems users face while dealing with crypto.