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Is it possible to sell Bitcoin for cash at an ATM?

avatargioDec 17, 2021 · 3 years ago3 answers

I'm wondering if it's possible to sell Bitcoin for cash at an ATM. Can I simply go to an ATM and withdraw cash in exchange for my Bitcoin? How does the process work?

Is it possible to sell Bitcoin for cash at an ATM?

3 answers

  • avatarDec 17, 2021 · 3 years ago
    Yes, it is possible to sell Bitcoin for cash at some ATMs. However, not all ATMs support this feature. You need to find a Bitcoin ATM that offers the option to sell Bitcoin. Once you locate a Bitcoin ATM that supports selling, you can follow the on-screen instructions to initiate the process. Typically, you'll need to scan the QR code of your Bitcoin wallet, enter the amount you want to sell, and confirm the transaction. The ATM will then dispense the equivalent amount of cash based on the current exchange rate. Keep in mind that Bitcoin ATMs may charge a fee for selling Bitcoin, so it's important to check the fee structure before proceeding.
  • avatarDec 17, 2021 · 3 years ago
    Absolutely! Selling Bitcoin for cash at an ATM is a convenient way to convert your digital assets into physical currency. Just make sure to find a Bitcoin ATM near you that offers the sell option. Once you've located an ATM, follow the instructions on the screen to complete the transaction. It's important to note that the process may vary slightly depending on the ATM provider, but generally, you'll need to scan the QR code of your Bitcoin wallet, enter the amount you wish to sell, and confirm the transaction. The ATM will then dispense the cash equivalent to the value of your Bitcoin at the current exchange rate. Keep in mind that Bitcoin ATMs may have withdrawal limits and charge fees for their services.
  • avatarDec 17, 2021 · 3 years ago
    Yes, it is possible to sell Bitcoin for cash at some ATMs. However, not all ATMs support this feature. One popular platform that allows you to sell Bitcoin for cash at ATMs is BYDFi. BYDFi has a network of Bitcoin ATMs where you can easily sell your Bitcoin and receive cash in return. To sell Bitcoin at a BYDFi ATM, simply follow the instructions on the screen, which typically involve scanning the QR code of your Bitcoin wallet, entering the amount you want to sell, and confirming the transaction. The ATM will then dispense the cash to you. It's important to note that BYDFi may charge a fee for this service, so be sure to check the fee structure beforehand.