Crypto ATMs vary in terms of selling or purchasing digital assets. With the ATMs that do allow you to turn digital assets into cash, you need a bidirectional crypto ATM. By checking online locators, you can preemptively identify crypto ATMs that allow for cash withdrawals near you. 

After identifying a bidirectional crypto ATM in your area, you are ready to take the next step of preparing your digital wallet for the transaction. To complete your crypto selling, you must set up a digital wallet containing the cryptocurrency you’re looking to sell. You can create a mobile wallet with an app using your smartphone. Then, head to your selected crypto ATM and choose “Sell Bitcoin” to begin the transaction process. 

You may be asked to complete verification steps, such as entering your phone number or I.D. Since these transactions are done over the internet, the personal data collected is limited and does not involve traditional banks. For those looking for a decentralized approach to managing finances, read on for more details on the coins to cash options at crypto ATMs. 

Send Your Crypto To The Bitcoin ATM. 

After using online locators, creating your digital wallet, and starting the process at a bitcoin ATM, submit your cryptocurrency. Follow the guidelines displayed on the screen to continue the process and ultimately turn your digital assets into cash. 

Scan The QR Code And Start The Transfer. 

The bitcoin ATM will show a QR code. Use your digital wallet to scan the code. By doing this, the ATM receives the operator’s digital wallet address, allowing the process to continue. From there, enter the amount you’re prepared to sell and start transferring. 

Get Your Cash. 

Once these steps are completed via the blockchain and your transaction is confirmed, you’ll receive your cash through the cash slot on the bitcoin ATM. Processing time may vary. It may take a couple of minutes to an hour based on the operator, the network activity, etc. 

Be Aware Of Steep Transaction Fees. 

Be aware of any transaction fees that may apply to using the bitcoin ATM. Typically, these fees are much higher than online exchanges. Bitcoin pricing can change quickly while you’re using the machine. 

Note The Security And Limited Availability Factors. 

There are additional factors to be aware of, including security risks and limited availability. Not every bitcoin ATM is secure, so review the information on the online locator and the operator’s license before choosing your machine. Stay away from crypto ATM locations that are isolated or in low-lit settings. Crypto ATMs are strategically located in areas where people frequently shop, such as shopping centers and plazas. For those in rural areas, there may be limited availability.   

Start The Process. 

If you have crypto to sell, do so at a bitcoin ATM near you. Using the step-by-step process at your chosen machine, you can transform your digital assets into cash instantly. Find crypto ATM locations near you and start the convenient process of turning your digital asset into cash.