Cryptocurrency markets have experienced a few intensive weeks since the start of the year that took prices to 2020 highs in mid-February. The overall bullish sentiment is attracting more interest towards the crypto space. There are many ways to get started with Bitcoin but one the most accessible options is to find an ATM supporting coin purchases with local fiat.
Also read: Bitcoin.com Partners With Mecon Cash, Enabling Withdrawal at ATMs Across South Korea
Using a Crypto ATM Is an Easy Way to Get Into Bitcoin
Bitcoin teller machines (BATMs) are a great gateway to the world of cryptocurrencies as they don’t require extensive expertise and you can use them without complicated access procedures. While there are differences in how various devices function, in most cases all you need is to have a crypto wallet installed on your smartphone and a wallet with cash and cards in your pocket. But even that is not always necessary.
In order to “withdraw” cryptocurrency from a BATM, you’ll have to set an amount you’d like to buy, enter a destination crypto address – you can let the machine scan the QR code on the receiving screen of your mobile wallet – and then insert the banknotes that you want to convert into digital money. Once you complete the purchase, you can print out a receipt for the transaction. In case you don’t have a software wallet, many teller machines can also generate a paper wallet for you.
Some Bitcoin ATMs are two-way devices that allow you to also sell crypto for cash. One common way to do so is to enter a sum of fiat currency you want to withdraw from the teller machine, which will print out a ticket with
