What Is Bitcoin ATM?
Bitcoin is a well-known cryptocurrency in the crypto world. Even though it does not gain such great popularity initially, the significant rise in the price of bitcoin makes it the best investment in recent times. Modern people understand the importance of digital investments, and thus they want to invest in bitcoin. If you want to buy or sell bitcoin, you can use bitcoin. Suppose you have a doubt or query regarding Bitcoin ATM usage, you can access Bitcoin ATM Support Number +1 (877) 819-5510.
The availability of customer support is another exciting element behind the popularity of bitcoin. Although bitcoin is becoming the best Cryptocurrency to invest in, people are not convenient with the available options such as crypto exchanges and online platforms. The traditional methods of bitcoin investment are helpful to some extent, but it is not comfortable and consumes more time.
While searching for a reliable solution, the Bitcoin ATM comes in. It looks and works much similarly to the traditional ATM. But, it has specific changes such as the availability of buying and selling options. Every method has specific instructions to follow and validates your identity through phone number/email id. Most importantly, you should have a wallet to keep the cryptocurrencies. It also helps you purchase and sell bitcoins according to your needs. Coincloud Atm is the best choice the buy and selling bitcoin easily, you can also contact Coincloud ATM Customer Service anytime to get instant support.
What Is A Bitcoin ATM And Support?
Like traditional ATMs, the bitcoin ATM is a portal through which crypto users engage in financial transactions. But, a bitcoin ATM allows users to buy and sell bitcoin using cash, whereas a traditional ATM helps users withdraw and deposit the cash. The early versions of the bitcoin ATMs do not have access to the sell option. But, modern Bitcoin ATMs let you perform both buying and selling operations.
Bitcoin ATMs contain a monitor, bill acceptor, QR scanner, and dispenser. On the backend, all these components ties up with the software. Thus, it makes buying and selling bitcoin easy, instant, and secure. Bitcoin ATMs do not connect to the bank account, and therefore you do not require submitting these details. Instead, they connect to the cryptocurrency exchange through the internet. Those exchanges allow users to purchase and sell bitcoin quickly.
How Do Bitcoin ATM And Bitcoin ATM Support Work?
Despite the name, the bitcoin ATM does not work like the bank’s ATM. It connects to the internet and allows people to get bitcoin for cash. It delivers the bitcoin you purchase to your cryptocurrency wallet. For that, users need to scan the unique QR code into the machine. Almost all the bitcoin ATMs render the real-time exchange rate. However, they charge the users a fee for the convenience and hassle-free bitcoin transaction.
Since the rate of bitcoin changes from minute to minute, you should find out the current rate before making the purchase and selling decision. The transaction fee is not much higher compared to other methods, and thus you do not need to worry about anything. In addition, remember that most machines do not dispense cash in exchange for the bitcoin you have. However, modern machines have started to render this capability. It means you have to find the best bitcoin ATM suitable for your transaction.
You will get access to the Bitcoin ATM Customer Service anytime, and therefore you will make the transactions without hesitation. For instance, if you are unable to find the bitcoin ATM in your location, you can contact customer service through call or live chat. They will tell you the details about nearby ATMs. Or else, they suggest you use the bitcoin ATM map to find the ATMs near your location. Likewise, you can contact customer service to meet various needs.
How To Sell And Buy Bitcoin at Bitcoin ATM
Buying and selling the bitcoin using the bitcoin divides into two steps. Regardless of buying or selling bitcoin, you should follow these steps carefully. If you are stuck in the middle of a transaction or do not know how to use the Bitcoin ATM, you can reach customer service to seek help.
Step 1: Verify Your Identity
Once you reach the bitcoin ATM, you should verify your identity first. You can do this in several ways according to the machine you access. In many cases, users need to input their mobile numbers into the machine. You will get a text message within a few seconds and enter that number into the machine. After confirming the number, you can proceed further to complete your transaction.
Step 2: Decide To Purchase Or Sell
Once you log in to the Bitcoin ATM, you should decide where to purchase or sell transactions. If you want to buy bitcoin, click the concerned button and follow the instructions. When the machine asks to feed the cash, you should do it appropriately. Then, a QR code generates from your cryptocurrency wallet on your mobile. You need to scan this QR code to receive the purchased bitcoin.
Make sure you have access to a reliable cryptocurrency wallet because, without a wallet, it is impossible to make a crypto transaction. On the other hand, if you choose the sell option, scan the QR code provided by the bitcoin ATM to send the bitcoin from your digital wallet. Based on the machine, you will get the cash immediately, or it will take some time to process the transaction. However, compared to online exchanges, these verification times are quicker. Make sure you enter the right amount of bitcoin you wish to sell because this transaction is irreversible.
Benefits Of Using Bitcoin ATMs
While many options are available to buy, sell and send bitcoins, crypto users give preference to the bitcoin ATM due to the following benefits.
- Higher level of convenience because users do not need to wait for days or weeks to verify the transaction.
- Users will get access to live customer ATM support to resolve problems instantly. A strong support team will be available to help you and thus throw all your worries.
- You do not need to be tech-savvy to use the bitcoin ATM. It is similar to the traditional ATM but needs to follow the instructions carefully.
- Regarding privacy and security, no other option beats the bitcoin ATM. So, anyone can use this option to make a crypto transaction.