How Do I Find And use a Bitcoin ATM to buy Bitcoin with cash: There are a few ways to buy Bitcoin.
The most common and convenient way to buy Bitcoin is through an online exchange or brokerage, for example, you can buy Bitcoin now using your credit card through Bitcoin.com and get Bitcoin immediately with little hassle.
Step 2: Start the process
It may seem like a daunting task, but when it’s all said and done you will see that buying Bitcoin from an ATM is fast and easy.
Before going to the Bitcoin ATM, a good thing to have handy in advance is a Bitcoin wallet already downloaded to your mobile device and ready to go (and backed up).
That way when you go to buy, you can generate a Bitcoin wallet receiving address without having to worry about it at the BATM.
At this point, the BATM will ask you how much Bitcoin you want to buy and to verify yourself by entering in your mobile phone number so you can receive a text (sms) message to confirm.
Then the BATM should ask you where you want your Bitcoin to be sent – this is where you will need your Bitcoin wallet receiving address. To generate your wallet receiving address, using the Bitcoin.com Wallet, simply tap “Receive” on the top left.
This will automatically generate a new address for you typed-out and also in the form of a QR code that can be scanned.
Here you will want to hold the QR code that is showing in the wallet up to the BATM so it can be scanned (so they know where to send you the Bitcoin).
You will want to follow the instructions on the screen, which may read something like the image pictured inline to hold the QR code 4-6 inches away from the scanner.
Once the machine scans your wallet QR code, it will have you confirm the address in your wallet – double check to ensure that it’s correct before proceeding.
The next step will be to insert the cash that you want to buy Bitcoin with into the machine. You should be able to insert any amount of cash so long as it meets the minimum and maximums amounts allowed by the BATM.
On the screen, you should also see the amount of Bitcoin you are purchasing denominated in your local currency and also in the coin ticker amount (for example, it may say $20.00 USD and 0.1387446 BCH).
When you’re ready, finish the transaction. This will then prompt the machine to print out the receipt which will show the BATM transaction details and confirm the transaction details.
Once this is done, you will receive your Bitcoin to your wallet within just a couple of minutes.
And that’s it, you just bought Bitcoin from a BATM. Not sure what to do with your new digital currency?