Coinsource and Expanding the Bitcoin ATM Network
Now, most people wish to use bitcoin for a different purpose. It is a perfect form of digital currency that keeps track of the attention of lots of users. People make use of them for professional and personal use. People are willing in trading with bitcoin and gain massive benefits. It becomes best practice for users to buy things simply. The users may also cash out bitcoin. It is the most suitable solution for crypto traders and achieves a good outcome. You can take the business to next level with the help of digital currency. You can use it in different ways and take complete advantage of trading.
Before using bitcoin, it is necessary to understand how it works and how it benefits personal and business. With the advent of technology, you can research well about them and make the right decision to use the bitcoin. It is a virtual currency that is designed with the source code. It manages a complex algorithm to avoid the unauthorized creation or duplication of the bitcoin units. It comes up with advanced mathematical and computer engineering principles. It is ideal to manipulate the currency supply. You can enjoy the great features present in bitcoin.
Ways to sell the bitcoin:
Whether you wish to sell the bitcoin, it is necessary to keep an eye on the best ways. It is the most important currency in the cryptocurrency world. It comes up with certain key features that deliver a perfect outcome to users. If you are willing to use digital money, you can opt for the best way. You can sell the bitcoin via different forms like
- Direct trade
- Peer to peer transaction
- Exchange platform
You can make use of a different method to sell the digital currency in a secure manner. You can follow the simple methods of different forms for selling the currency. Each one provides excellent benefits to users. The users try to understand the function of different methods and gain an advantage without any hassle. The users often use the ATM to sell bitcoin. These methods work well for different intentions today. The users make use of any method to begin the selling process.
Know the function of bitcoin ATM:
It is essential for cryptocurrency users to know more about the bitcoin ATM. The users try to learn the function of the ATM and how it is better to sell the currency. The users are highly familiar with the bitcoin ATM. You can understand some important things before going to the ATM. You can understand the simple preparation need for using such a thing to sell the currency. You can go to an ATM that supports a wallet to sell the digital currency.
Obtain the digital wallet:
It is a necessary aspect of digital money users. You can get a digital wallet to sell the digital currency. It is the best way to store bitcoin. It is the perfect place to store the digital asset securely. The digital money lives in an online ledger that is regarded as the blockchain. You can manage the balance and track of the cryptocurrency. It is available in different forms like hardware devices, desktop software, and web-based wallet. You can make use of the web-based digital wallet or mobile app wallet. It is necessary to evaluate what type of digital wallet works through the bitcoin.
Set up and access digital wallet:
It is essential to set up a wallet before going to a bitcoin ATM. When you use the mobile app as a wallet, you can set up a mobile app. Different range of wallet comes up with the keys that design with an alphanumeric character. With the help of keys, you can make sure of the security of the digital money. You can follow the simple instruction to set up a wallet and access it easily.
Access the ATM location:
After you complete setting up your wallet, it is important for you to find out the ATM that locates very near to you. You can plug in a ZIP code to access the list that hosts the bitcoin ATM. You can access the address and hours of the ATM. You can utilize the coinsurance bitcoin ATM and set up an account. You can carefully the follow important points to create an account for accessing the bitcoin ATM.
Enroll with the coinsurance:
The bitcoin users must enroll with the coinsource to sell the digital currency. You can follow simple guidelines to enroll in the coinsource. The users gain complete benefits with the use of the bitcoin ATM. You can provide the right details to the site and enroll with them.
Create an account:
It is an important step for people to use the bitcoin ATM. You can take pleasure from the mobile enrollment, state of the art software, and others. It is the best option for buying and selling crypto with cash. You can understand the simple guidelines that needed for the online enrollment process. You can input the necessary details and create and set up an account in an easy manner.
Get a photo of ID:
The users pay attention to instructions for how to take a photo of ID. You can take an image that reviews clearly. You can take pictures with high contrast and solid background. There is no blur, shadow, or glare in the image. You can keep up the photo in landscape mode. You can keep up the photo frame with no cutting of any angles. It is the most important thing for using the ATM.
- The users must take a snap in the front of the ID that better to create an account properly.
- On the other hand, you may also take a photo of the backside of the ID.
- You can submit it and wait for a few minutes.
- You can never change any screen or visit any page when uploading.
Read the instruction:
After completing the above steps, you must set up an account. You can keep an eye on instruction carefully to create an account without any hassle.
- You can go to the official portal of coinsource and click set up an account.
- Now, you can utilize the coinsource bitcoin ATM by enrolling online.
- You must enroll online first and go to find out the nearest ATM location.
- You can pick up the location and start the process of buying and selling bitcoin via ATM.
Buy or sell the digital currency:
Once you complete the necessary steps, you can use the wallet to sell the digital money. You can understand the above instruction carefully to use the coinsource. Once the account set up is completed, you can utilize your wallet and sell the bitcoin with the cash. It is necessary to find out the exact location of the coinsource ATM. It helps you to get ready for buying or selling a digital asset with the use of cash.
Understand the working of bitcoin ATM:
The digital money users must understand how the ATM works. It is the perfect choice for people to buy and sell the bitcoin. It is the best destination for people to enjoy the selling process. It is quite simple and easy to use today. You can access the nearby ATM that supports the coinsource. You can keep up the complete guidelines very handy when it comes to using an ATM.
Buy the bitcoin through the ATM:
Buying digital money becomes simple and easy among users. It is essential for every bitcoin users to create an account. It is better to keep up with the identity. You can keep up the bitcoin wallet that store record of all the digital currency transaction in a secure manner. The transaction can complete with the help of an app on mobile.
- You can insert the cash into the ATM that shows the wallet address that you need to send.
- ATM operator sells the desired worth of digital money at the present market price.
- It is important to check the operating fee charged by the operator.
- The users can access the confirmation that the wallet manages a secure record of the transaction.
If you have any query regarding set up an account and others, you can contact customer support and get the perfect service. You can complete the transaction as soon as possible. You must follow the above guidelines carefully and finish the buying process of the digital money without any hassle.
You can call the customer support team and get the best and fine solution. You can gather important guidelines about the coinsource bitcoin ATM and take advantage of a digital wallet. You can secure the bitcoin with the support of an ideal wallet. You can get in touch with an expert and get the proper information. The users follow every step to complete the transaction.
How to Sell Bitcoin with the ATM?
Do you have bitcoin? Well, you will have the bitcoin wallet to keep it secure and safe. Many people now have more than one wallet because of security purposes. Before getting the bitcoin selling process, you should take some time and decide which wallet and key you are going to access in advance. It minimizes the hassles that you tend to confront at the last minute. Remember that creating an account with the bitcoin ATM operator is mandatory, especially when you have not that account. After that, you can access one of their bitcoin ATM kiosks to do the transaction.
In the bitcoin ATM kiosks, log in to your account, enter the value of bitcoin you wish to sell, and in which wallet address you want to sell from. Make sure that you have entered these things correctly. Or else, you will confront some issues in your transactions. Do not forget the fact that bitcoin transactions are irreversible. This transaction requires to be verified on the blockchain or bitcoin network. After completing verification, you will get the notification, and thus you tend to withdraw your winning amount.
When compared to the buying process, the selling process usually takes some time extra. Different operators require more time and therefore consider this aspect before joining hands with a specific operator. Always do some research and find an ATM operator who is reputable and provides excellent customer service. It helps you to complete your transactions without confronting too many hassles. Whenever you witness any trouble, you tend to avail the customer support service and get out of that.
In the buying process, ATM operators used to charge some fee for the transaction. Thus, that amount will be deducted from the cash you collect. Based on the current market value of the bitcoin (during sell transaction), you come to know whether it is worthless or more than what you paid initially. Once again, you should be very careful and enter login credentials and amounts carefully to avoid hassles.
Send the cash with the help of a bitcoin ATM
Do you want to send bitcoin to someone but without selling your bitcoin? Use the steps mentioned below. Initially, you have to sell some bitcoin to send the bitcoin to someone’s wallet. Using the bitcoin ATM, you can make this transaction without involving in any selling process. Here is how to do it!
- Firstly, you should have an account with the reliable bitcoin ATM operator
- Then, use your credentials to log in to your account successfully
- In the ATM kiosk, the amount of money you wish to send and the bitcoin wallet address you are sending the cash to will be indicated
- Enter the right credentials on the respective field to do transactions as per your needs and demands
- Now, it is time to insert cash and deposit it in the recipient’s bitcoin wallet. Note: You are depositing the money in the form of bitcoin.
- The receiver can cash in and withdraw as per their requirements
The entire process is straightforward and easier to do. Thus, you need not worry about anything and just follow the instructions carefully as it is.
Steps to use the bitcoin ATM
Many people assume that they are familiar with the bitcoin ATMS as they know more about the bitcoin. Actually, it is not entirely true because still some people do not become aware of the availability of the bitcoin ATM. Are you thinking about how to access the bitcoin kiosks? Take access to these details!
What to do before going to a bitcoin ATM?
When you are a newbie to the bitcoin ATM, you need some preparation before visiting the ATM. Firstly, get a digital wallet similar to the physical wallet you access to store your physical cash. In the digital wallet, you can be able to store your digital money. Of course, your digital money gives you a chance to take it anywhere. Apart from storage, a wallet gives you a sense of security and safety. Do you know that all the bitcoins live in the online ledger (blockchain) and never leave that? A Digital wallet contains your balance and makes you keep track of your cryptocurrency. It comes in different forms, such as hardware devices, web0based, and desktop software. According to your preferences, go with the right option. If you are interested in accessing bitcoin ATMs, the web-based digital wallet and mobile app suit your needs perfectly.
Set up your digital wallet
Once you have chosen the digital wallet, it is necessary to complete its setup process. You have to put your wallet in working condition before hitting the ATM. The entire process is as simple when you access the mobile app as a wallet. Yes! Setting up the mobile app is enough.
On the flip side, mobile accesses differ based on the type of wallet you have. Almost all the wallets have keys in the form of alphanumeric characters to secure the cryptocurrency. Keep a note of that key or even download the QR code. Next, follow the instructions carefully, as mentioned by the wallet.
Find the ATM locations
As soon as you have the wallet that is ready to use, it is necessary to find the bitcoin ATM location. You can use Coinsource’s bitcoin ATM map to find the availability of machines in your area. To get the list of the businesses hosting bitcoin ATMs with their address and working hours, you should plug in your ZIP code.
Set up the account to access the Coinsource bitcoin and then follow the instructions mentioned in the upcoming section. Being the largest bitcoin ATM operator, Coinsource is rolling out many new kiosks where customers can be able to sell and buy bitcoins. These 2-way service kiosks are accessible in some of the significant locations as of now. Soon, it will be made available in all the locations for customer’s ease of access.
Steps to sell bitcoin using Coinsource bitcoin ATM
Create the Coinsource account
Download the wallet app
When you do not have the wallet app, you should consolidate the bitcoin you want to sell into a single wallet before selling at the ATM. Ensure that your wallet makes you send the bitcoin address available in the form of a QR code. Thus, you can be able to send your wallet the BTM’s bitcoin address. You can download the wallet app for iOS or Android for free. Make sure your internet connection is stable to enjoy the best download.
Find the ATM location
Next, you have to look around and fin the 2-way kiosks. Locate the bitcoin near your location to enjoy trouble-free access. Buy-only ATMs are marked with the blue pin on the map while orange pin for the two-way ATM. It helps you to identify the right ATM easily and performs the transactions without confronting any hassle.
Sell you bitcoin
As soon as you have logged in to the bitcoin ATM, you should choose to sell bitcoin and select the desired amount you want to sell. You will be provided with the bitcoin address in the form of a QR code to scan. You can send the displayed amount of the bitcoin to that specific address and withdraw the cash after the transaction confirmed on the blockchain.
Benefits of trading the bitcoin
As plenty of benefits are there to trade bitcoin, many companies and individuals are using the bitcoin for making transactions. Through bitcoin technology, you get the freedom of sending and receiving money easily and quickly. As the bitcoin is available in the form of currency, which exists digitally, it is highly possible to send and receive the cash anywhere around the world. You need not worry about any limitations for transferring the money, including the bank holidays. As it does not have any central authority figure, you have control of your cash.
When it comes to transferring cash, information transparency is coming at the top priority. It is another great benefit of the bitcoin. Through blockchain technology, all the transactions become accessible for the public eye. Additionally, your personal information is hidden, and therefore you can enjoy peace of mind throughout your transaction. When it comes to handling finances, security, and control of your money should be your priority. Bitcoin never compromise on these things and gives ultimate protection to your information.