What is the process of buying bitcoin with cash at an ATM?

3 answers

• Nov 26, 2021 · 3 years ago
  Sure, here's a step-by-step guide on how to buy bitcoin with cash at an ATM: 1. Find a bitcoin ATM near you using an online directory or mobile app. 2. Visit the ATM and select the 'Buy Bitcoin' option. 3. Choose the amount of bitcoin you want to purchase and enter the cash amount you're willing to spend. 4. Insert your cash into the ATM. 5. Verify your identity by scanning your ID or providing your phone number. 6. Confirm the transaction details and proceed. 7. Wait for the ATM to process your transaction and print a receipt with your bitcoin wallet address and the amount of bitcoin you purchased. 8. Open your bitcoin wallet app or software and enter the wallet address provided on the receipt. 9. Wait for the bitcoin to be transferred to your wallet. This may take a few minutes to a few hours, depending on network congestion. 10. Once the transaction is confirmed, you now own bitcoin! It's important to note that each bitcoin ATM may have slightly different instructions and requirements, so it's always a good idea to read the on-screen prompts and follow the ATM's specific instructions.
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• Nov 26, 2021 · 3 years ago
  Buying bitcoin with cash at an ATM is a fairly straightforward process. Here's what you need to do: 1. Locate a bitcoin ATM in your area. You can use websites or apps to find one nearby. 2. Go to the ATM and select the 'Buy Bitcoin' option. 3. Enter the amount of bitcoin you want to purchase and insert the cash into the machine. 4. Verify your identity by following the instructions on the screen. This may involve scanning your ID or providing a phone number. 5. Confirm the transaction details and proceed. 6. Wait for the ATM to process your transaction and print a receipt. 7. The receipt will contain a QR code and a public key. Open your bitcoin wallet app and scan the QR code or manually enter the public key. 8. Wait for the bitcoin to be transferred to your wallet. This usually takes a few minutes. 9. Once the transaction is confirmed, you now have bitcoin in your wallet! Remember to keep your receipt as proof of purchase.
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• Nov 26, 2021 · 3 years ago
  Buying bitcoin with cash at an ATM is a convenient way to get started in the world of cryptocurrency. Here's how you can do it: 1. Find a bitcoin ATM near you using an online directory or mobile app. 2. When you arrive at the ATM, select the 'Buy Bitcoin' option. 3. Enter the amount of cash you want to spend and insert the bills into the machine. 4. Follow the on-screen instructions to verify your identity. This may involve scanning your ID or providing a phone number. 5. Confirm the transaction details and proceed. 6. Wait for the ATM to process your transaction and print a receipt. 7. The receipt will contain a QR code and a public key. Open your bitcoin wallet app and scan the QR code or manually enter the public key. 8. Wait for the bitcoin to be transferred to your wallet. This usually takes a few minutes to an hour. 9. Congratulations, you now own bitcoin! Please note that transaction fees may apply and the exchange rate may vary depending on the ATM and market conditions.
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