A Bitcoin ATM or a crypto ATM is an internet-connect kiosk machine that allows users to withdraw funds and buy bitcoins and other digital currencies using fiat currencies. Although it might look like a normal ATM, it differs in the way it operates. In this blog post, we are going to explain how one can withdraw funds using a Bitcoin ATM. Without further ado, let’s jump to the main point.
You can convert your BTC into cashing using a Bitcoin ATM. However, not all Crypto ATMs have the function to sell cryptocurrencies. One thing you should fulfill to withdraw cash from a crypto ATM is that you must have a wallet with BTC in it, ready to be used. Coinsource is widely known for offering the cheapest rates in the United States for turning BTC into cash using a crypto ATM. The following is a step-by-step procedure to withdraw cash at a Bitcoin ATM:
Setup an account
To be able to withdraw cash from a Coinsource Bitcoin ATM, you will first need to create an account with Coinsoruce. It is free and won’t take any time but a couple of minutes.
Spot a nearby Bitcoin ATM
After you’ve set up an account, the next step involves finding a crypto ATM in your vicinities or anywhere you wish to withdraw from. Make sure you locate 2-way Coinsource bitcoin ATMs near you. 2-way machines come with both buying and selling capability.
Get your BTC wallet address ready to convert your BTC to cash
Have your wallet address ready to perform the transaction.
Withdraw cash from 2-way BTC ATM
Now you are ready to withdraw cash from a Bitcoin ATM. Just sign in to your account on the machine and choose the ‘’withdraw cash’’ option to proceed further. If the machine you’re using doesn’t have such an option available on the display, it is most likely that it doesn’t’ support crypto selling. So double-check the ATM you plan to use for withdrawing cash from a Bitcoin ATM. It’s that simple, isn’t it?
As a writer, Ruben is an advocate of blockchain technology and cryptocurrency in general. He writes about all things from cryptography to economics, with a focus on how it applies to cryptocurrencies. He is also passionate about writing about topics such as decentralization, open-sourced software development, and copyright law.