HOW TO USE A BITCOIN ATM

Bitcoin ATMs

Bitcoin, the most popular cryptocurrency in the world, has become a widely accepted payment method. Even though, it has faced some setbacks it continues in the limelight. Moreover, various businesses ranging from small convenience stores to multinational retailers have started accepting Bitcoin as a payment option for their transactions.

With the increased acceptance of the new form of currency, there are now Bitcoin ATMs that provide simple access and almost instant to Bitcoin. These ATMs are just like traditional banking ATMs, but allow people to buy or sell Bitcoin and other cryptocurrencies using cash and without need for pre-registration or long delays.

To use a Bitcoin ATM you only need to follow a few steps and it takes little time to complete a transaction. Here are the steps you need to follow:

Finding a Bitcoin ATM location near you

First, you will need to find the nearest machine. One of the handy ways is using by using Coin ATM Radar (https://coinatmradar.com), which keeps all information about Bitcoin ATMs including fees, verification procedures, online status and many more. Also, you will find a live map of ATMs on the site.

1. Add your location in the search bar located on the top left corner.
2. Click the search icon to see a list of the nearest ATMs.
3. Pick a Bitcoin ATM and then click ‘Get directions’ to get the exact Google maps location and address.

Chainbytes Bitcoin ATMs interface is very intuitive and easy to use. Users can buy and sell Bitcoin or redeem vouchers using them.

If you are located in Pennsylvania, you can find a Bitcoin ATM near you at the website of a local Bitcoin ATM provider www.hippoatm.com

Buying Bitcoin using a Bitcoin ATM

Once at the machine this is the interface you will see (If the machine is produced by ChainBytes BTM company).

1. Click “Buy Range in which you wish to Buy Bitcoin”

For example if you wish to buy $100 worth of Bitcoin click on $0-$500 range if you wish to buy $730 worth of Bitcoins click $500-$1000

2. Then scan QR code of your wallet

Using your mobile phone, scan your Bitcoin wallet QR using your favorite app, this wallet is where the purchased bitcoins will be sent.
Note: If you don’t have a bitcoin wallet you may also print a paper wallet  (as seen on the screen to the left) at the kiosk itself and import it into a wallet later, or you can download a bitcoin wallet from the App store.

3. Insert cash bills into the ATM

Insert cash into the ATM. The Inserted amount of cash will display on the screen as well as the amount of BTC which you will receive in return.
Note: You will also see the bitcoin wallet address to which bitcoins will be sent. 

4. Click on “Confirm Purchase”

and the transaction will be confirmed.

5. Click on “Done” to complete the transaction and a receipt will be printed.

After you finished the transaction bitcoins will be sent to the address you scanned.
Assure to keep the receipt this is your proof of purchase.

The Best in Technology

ChainBytes Bitcoin ATMs are built with durability in mind.  Besides the premium hardware and cutting edge software, the back-office control panel the “Dashboard” offers full control over the entire operation to the Bitcoin ATM operators.  Paired with KYC/AML compliance package provided by BTMcompliance company, this BTMs present the best bitcoin ATM solution available on the market.

Now available to Enterprise operators.