There are different ways to safely purchase Bitcoin. One of the most popular ways to purchase bitcoin is using an online brokerage or exchange. For instance, you can have bitcoins credited to your Bitcoin credit card without challenges and time wasting.
However, in some cases, people prefer to make payments in cash. A lot of people think that using cash to purchase Bitcoin is a very stressful process. However, this is not true. The most popular way people purchase bitcoin with cash is via a peer-to-peer online platform. This often requires taking some risks and scouring the platform for a seller.
One of the easiest ways to purchase Bitcoin with cash is using a Bitcoin ATM. This post is designed to help you through this process.
- Locating the nearest bitcoin atm to you: In order to purchase bitcoin with cash using a Bitcoin ATM (BATM), you need to identify the nearest BATM to you. There are maps that have been made to locate all of the 2,200 BATMs around the world. This map with help you identify the nearest location to you with a BATM.
- Begin the necessary process: One of the aims of this post is to demystify the process involved in purchasing bitcoin with cash. The first step to take before going to make a purchase at the BATM is to download an online Bitcoin wallet on your phone. This will serve as the hub that will house the bitcoins that you intend buying at the BATM. Most wallets provide simple guidelines on how to use them effectively. After setting up your Bitcoin wallet on your phone, you can now go to the BATM. Once you have arrived at the location of the BATM, it is time to proceed to the next phase, which is making the purchase. Click here for additional info.
- How to use the BATM: Just like you would in a normal ATM, the first step you should take is tapping on the BATM screen. The operation process involved in a BATM can be slightly different from one to another. However, purchasing procedures are quite similar. The BATM will then ask for verification by means of your phone number. Usually, you will need to enter the verification code sent to your phone to complete the verification process. It will also ask you to indicate the amount of Bitcoin that you intend buying. The next step will require that you enter your new bitcoin wallet address. This address is usually found in the receive tab of the main menu of the wallet that you intend using. You will need to either key in the address generated on this app or scan your Walker’s QR code. The BATM will notify you after scanning the QR code successfully. Make sure that you cross check the address generated to be sure that it is the same as yours. The final step involves you inserting your cash into the BATM as you wait for the bitcoins to be credited into your wallet address.
These tips are quite easy to understand as they will guide you through the process of purchasing bitcoin with cash at any BATM.
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