How to Buy Bitcoins Using a Bitcoin ATM

How to Buy Bitcoins Using a Bitcoin ATM

How to use a Bitcoin ATM

It’s gotten easier and easier to use bitcoin ATM’s since they first came about.  Currently there are more than 20 different styles of bitcoin ATM, but the general principal of how to use one of them remains the same.

1.  Bitcoin ATM Verification

Depending on local AML (Anti-money laundering) laws, a bitcoin ATM may require some sort of verification.  This step is optional, and the types of verification or limits may change depending on local laws.  Typically this step will require a valid drivers license, although a passport can be used in most cases as well.

2.  Provide ATM Your Bitcoin Address

When buying bitcoin from an ATM you will need to provide a valid bitcoin address.  It’s best to come prepared with one for the ATM to scan, but some ATM’s can print one and e-mail it to you as needed.

3.  Insert Cash into ATM

Give the ATM your cash.

4.  Confirm Operation

Confirm that you have received your BTC, it might take some time for your transaction to be confirmed depending on how busy the network is…so always save your receipt.

July 25, 2017 / by / in

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