- 17.12.2020

How to deposit money into a bitcoin atm

how to deposit money into a bitcoin atmHow to Send Cash Using Bitcoin to Someone Who Doesn't Know a Lot About Cryptocurrencies. There is a workaround that allows a crypto savvy. Bitcoin ATMs allow you to purchase BTC using fiat money, and with some put a credit or debit card in the machine and then receive cash. to hop onto an exchange, sell their BTC, withdraw the money into a bank account.

BitXatm; Robocoin.

How to deposit money into a bitcoin atm

Bitcoin ATM Map allows you to filter your search through location, ATM model, functionality options one way or two waymax buy fees, and max sell fees.

As we mentioned above, here bitcoin may be different based on the ATM provider, but the process is similar to most machines.

Step 2: Identity how to retrieve bitcoin wallet Depending on the machine type and operator, the verification process can be optional, but there are very few ATMs that do not require ID verification.

How to deposit money into a bitcoin atm

Some have different requirements, such as your phone number, ID card scan, or fingerprint scan. Step 3: How to deposit money into a bitcoin atm bitcoin address for deposit After your ID has been checked, you will have to supply the Bitcoin address to the ATM, where you want the Bitcoins to be deposited.

How to deposit money into a bitcoin atm

You can also scan the QR code printed on your paper wallet if you have one. Step 4: Deposit the fiat currency Insert the cash with which you want to buy the bitcoins into the ATM. You will have to introduce the paper bills one by one into the deposit area, as very few ATMs allow you to make bulk deposits.

How to deposit money into a bitcoin atm

It features both buy and sell functionalities and, in addition to bitcoin, it also supports Litecoin, Dogecoin, BlackCoin, and XCurrency.

Genesis is one of the few BATMs that have a fingerprint scanner for identity verification and higher transaction fees.

How to deposit money into a bitcoin atm

The company has installed machines all over the world. Compared to Genesis, Lamassu is a more low-cost option.

How to deposit money into a bitcoin atm

The ATM has no paper wallet printer, and you will have to provide your wallet address either through your phone or printed how to deposit money into a bitcoin atm. Based on your geographic location, the verification steps may vary.

How to deposit money into a bitcoin atm

The ATM features both buy and sell options. Conclusion With this, we conclude our guide on how to use bitcoin ATM.

How to deposit money into a bitcoin atm

Featured image: flashgordan.

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