How Do Bitcoin ATMs Work? - Getcoins

How do

Bitcoin ATMs Work?

What Are Bitcoin ATMs? A Bitcoin ATM is a portal where users can do financial transactions.

In traditional ATMs, people deposit and withdraw cash, whereas, in Bitcoin ATMs, people use the money to buy and sell Bitcoin.

In some of the latest versions, people are not allowed to sell Bitcoin.

Coin Cloud ATMs allow people to both buy and sell Bitcoin by using cash safely and securely.

How Do Bitcoin ATM Work?

For better understanding, buying or selling Bitcoin through the Bitcoin ATM is divided into two steps:

Identity Verification When you are going to use the ATM, you have to verify your identity first.

You can do it by using your mobile number.

You will get an OTP on your number for this. Enter the code.

Now you can do your transaction.

Decide what to do - Buy or Sell?

When you log in, decide what you want, buy or sell?

If you want to buy Bitcoin, feed cash into the machine and generate a QR code on your mobile.

This QR code scanning helps to release the purchased Bitcoin.

If you want to sell Bitcoin, you have to send the Bitcoin from your digital wallet to the QR code provided by the Bitcoin ATM. ATM dispenses the cash immediately, sometimes it may take a few minutes to complete your transaction process.

If you want to know about the nearest Bitcoin machine contact us now.

312 Marshall Ave Laurel 20707 MD, USA (860) 800-2646 www.getcoins.com management@getcoins.com

Contact Us