Bitcoin ATMs are an excellent way to buy bitcoin if you’re unfamiliar with the process of buying bitcoin online. They’re also a good alternative if you don’t have a bank account or want to avoid paying high fees for buying bitcoin. Here’s a step-by-step guide on how to use a Bitcoin ATM
How to Use Bitcoin ATM
- Find a Bitcoin ATM Machine near you using an online directory.
- Set up your account by providing the necessary documents, ID Card, or driving license.
- Enter your bitcoin wallet address into the ATM.
- Insert cash into the ATM
- The ATM will then dispense the equivalent amount of bitcoin into your wallet.
Remember that Bitcoin ATMs typically charge high fees (around 6% or more), so they’re not the best option if you’re looking to buy bitcoin cheaply. However, they can be a convenient option if you’re looking to quickly and easily purchase small amounts of bitcoin without having to go through an exchange or meet up with someone in person.
There are several limitations to each transaction. For example, most Bitcoin ATMs have a minimum charge of $20 per transaction. However, upper daily maximums can be as high as $9000, depending on the ATM supplier.
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