Bitcoin ATMs are already getting more widespread around the world. You can find these crypto machines in major cities and small towns alike, and they’re getting increasingly popular now. This makes sense, as these crypto machines offer a fast way for people to buy or sell Bitcoin. However, many people don’t realize that you have to bring certain items with you when using a Bitcoin atm.
You’ll Need To Bring Cash When Using Crypto ATMs
First of all, you’ll need to bring cash with you when using crypto ATMs because these machines only take cash, so if you want to use one of these crypto machines, be sure that your wallet has some US dollars or Canadian dollars in it.
But then, you don’t need to have a lot of money on hand when using crypto ATMs, as the minimum amount required by these machines varies by location but is usually between $20 and $100 (or equivalent).
You Need A QR Code Reader To Use Crypto ATMs
When using a Bitcoin machine, you need to get a QR code reader on your phone. If it’s not built in, there are plenty of free QR apps that can do this for you. Once you have one installed, head over to the crypto ATM in question and scan its QR code using the reader on your phone. This will allow you access to the crypto ATM’s interface so that you can make crypto banking transactions with ease.
You’ll Need An ID Card From The United States Or Canada For Using Crypto ATMs
When you’re ready to make your transaction in a crypto ATM, then you’ll need an ID card from the United States or Canada. The crypto ATM will scan this card and then ask for your PIN number. Once these steps are complete, it will prompt you to how much Bitcoin Cash (BCH) you want to buy.
After entering this crypto account information and pressing “Buy” on the screen, the ATM will print out a receipt showing all of the details about your purchase including transaction id and confirmation time stamp so that later on if there are any problems with getting into your wallet or sending funds elsewhere it can be easily verified that everything went off without a hitch!
Bitcoin ATMs Can Be Used With A Few Dollars And A Smartphone
In conclusion, Bitcoin ATMs are an easy way to buy Bitcoin or any cryptocurrency with cash. You don’t need to download a wallet or buy any Bitcoins before using a Bitcoin atm, as all you need in this crypto transaction is some money and your phone.