{"id":2893,"date":"2019-08-21T14:45:57","date_gmt":"2019-08-21T06:45:57","guid":{"rendered":"https:\/\/www.coincola.com\/blog\/?p=2893"},"modified":"2023-03-14T18:49:08","modified_gmt":"2023-03-14T10:49:08","slug":"how-to-use-a-bitcoin-machine","status":"publish","type":"post","link":"\/blog\/how-to-use-a-bitcoin-machine\/","title":{"rendered":"How to Use a Bitcoin ATM: A Detailed Tutorial"},"content":{"rendered":"

Withdrawing cash today is as easy as drinking water. You don\u2019t have to go to the bank to withdraw cash anymore. All you have to do is locate an Bitcoin ATM (automated teller machine) near you, insert your card and withdraw your money.<\/span><\/p>\n

The same principle can be applied to cryptocurrencies. As more people are adopting this revolutionary technology, the crypto world is also evolving to make it easy to withdraw and trade cryptocurrencies. Hence the Bitcoin ATM was created for. For those who have never heard the term or seen a Bitcoin ATM, we\u2019ll explain in detail what a bitcoin ATM is.<\/span><\/p>\n

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\u00a0What is a Bitcoin ATM?<\/span><\/h2>\n

Just like the service your regular ATM provides, a Bitcoin ATM allows you to withdraw your Bitcoins. Some ATMs are equipped with a feature that allows you convert your cryptocurrency into fiat. You can also deposit cash into the bitcoin ATM and in turn, it will credit your wallet with bitcoin.<\/span><\/p>\n

BONUS: <\/b>Trade Bitcoin<\/span><\/a> on CoinCola and Get <\/span>0.0001 Free Bitcoin<\/span><\/a>.<\/span><\/span><\/p>\n

These ATMs do not have a direct connection to your bank account like your traditional bank, instead, they connect you with a cryptocurrency exchange.<\/span><\/p>\n

A noteworthy aspect of using a Bitcoin ATM is that it lets you trade Bitcoin anonymously. No AML or KYC is needed to perform a transaction if you use a Bitcoin ATM. This comes in handy when you want to secure your privacy and identity.<\/span><\/p>\n

\u00a0However, these amazing features come at a huge cost. Typically, Bitcoin ATMs charge about 7% and sometimes it could be as high as 10% for buying and selling Bitcoin.<\/span><\/p>\n

How to find a Bitcoin ATM<\/span><\/h2>\n

The major problem facing the use of Bitcoin ATM worldwide is the number of ATM\u2019s available. The demand for use far outweighs the supply of these ATMs. There\u2019s nothing to worry as this number is sure to increase as the adoption of cryptocurrencies continue to increase worldwide.<\/span><\/p>\n

\u00a0To find a Bitcoin ATM that is close to you, all you have to do is use the<\/span> Coin ATM Radar service<\/span><\/a>, which gives you the location of Bitcoin ATM\u2019s worldwide.<\/span><\/p>\n

\u00a0The service allows you<\/span><\/p>\n