thanh tuyen
10/09/2025
Cryptocurrency has increasingly become popular as a preferred investment for many. However, not everyone is comfortable with crypto trading on online exchanges. If you are the same, using a Bitcoin cash machine to buy or sell Bitcoin can be a convenient and accessible option. In this guide, we will walk you through everything you need to know about Bitcoin ATMs, from their advantages and disadvantages to a step-by-step guide on how to use them.
A Bitcoin cash machine, also known as a Bitcoin ATM, is a physical kiosk that allows you to buy or sell Bitcoin, and in some cases, other cryptocurrencies, using cash. At first glance, these machines look similar to the regular ATMs you see daily, but they work very differently. Instead of connecting to your bank account, Bitcoin ATMs connect directly to the blockchain. Purchased Bitcoins will be sent to your crypto wallet, not your debit or credit card.
If you want to buy Bitcoin, you insert cash into the machine. The system automatically calculates the amount of Bitcoin you receive based on the current market rate plus applicable fees. Once confirmed, the Bitcoin will be transferred directly to your wallet. On the other hand, if you desire to sell Bitcoin, you enter the amount you wish to sell, and the machine calculates how much cash you will receive. Once your Bitcoin is successfully transferred from your wallet to the ATM and the transaction is verified on the blockchain, the machine dispenses the corresponding amount of cash.
Bitcoin ATMs are quickly gaining popularity as a go-to option for numerous crypto investors, especially newcomers. Let’s explore both the benefits and the limitations of this method.
One of the key advantages is convenience. There is no need to open a bank account or link to online crypto exchanges; cash and a Bitcoin wallet are enough. The process is extremely straightforward. If you can use a regular ATM, you can definitely use a Bitcoin ATM. This makes it much more accessible to people who are not tech-savvy or do not have access to traditional banking services.
Another reason people choose Bitcoin ATMs is the speed. Transactions are processed within minutes without waiting for the lengthy verification steps as on exchanges. In addition, Bitcoin ATMs operate around the clock, enabling you to trade Bitcoin anytime, regardless of after-hours, weekends, or holidays.
Bitcoin ATMs are also known for their strong security measures. Multiple machines feature advanced protections like biometric scanners and encryption to keep your transactions safe. They also comply with strict KYC and AML regulations, which adds an extra layer of protection to user identity and reduces the risk of fraud. Moreover, unlike online exchanges, Bitcoin ATMs typically require less personal information, thereby minimizing the risk of data leakage.
Along with the great benefits, Bitcoin ATMs also have some drawbacks. What makes many people most hesitant is the high transaction fee, sometimes up to 15%, much higher than the fee of exchanges. For larger transactions, these fees can add up quickly. Another limitation is availability. While Bitcoin ATMs are becoming more common worldwide, they are still not everywhere, especially in suburban areas. As a result, before planning to use one, it is best to check whether there is a Bitcoin cash machine near you.
Buying or selling Bitcoin through Bitcoin ATMs is fairly straightforward and accessible for most users. Even if you have never traded cryptocurrency before, you only need a few basic things to get started:
Once everything is ready, you can start making Bitcoin purchases or sales. The entire process is designed to be simple and user-friendly. Here is a step-by-step guide:
As we mentioned, Bitcoin ATMs are not available everywhere. First, check if a Bitcoin ATM is available in your area. Then, find the nearest machine to use. You can easily look it up using Maps or specialized websites like coinatmradar.com. Choosing a nearby and reputable one will save you time and make your transaction more secure.
Once at the ATM, you simply hit get started and select the type of transaction you want on the screen: “Buy Bitcoin” or “Sell Bitcoin”.
At this stage, you will be asked to enter the amount for your transaction. The process differs slightly depending on the type of transaction you have chosen:
Buying Bitcoin: Enter the amount of cash you want to deposit, and the machine will automatically display how much Bitcoin you will receive based on the current exchange rate.
Selling Bitcoin: Enter the amount of Bitcoin you want to sell. The system will also calculate how much cash you will get in return.
Next comes the step of connecting your Bitcoin wallet using a QR code.
Buying Bitcoin: Use the ATM’s scanner to scan your wallet’s QR code. This is where the Bitcoin will be sent.
Selling Bitcoin: The machine will display a QR code on the screen. Open your wallet app, scan the code, and send the correct amount of Bitcoin you entered.
Scanning a QR code ensures accuracy and prevents mistakes that can happen when typing wallet addresses manually.
Buying Bitcoin: Insert the cash into the machine. The ATM will display transaction details, including the Bitcoin amount, exchange rate, fees, and your wallet address. Double-check everything before confirming. Once confirmed, the Bitcoin will be transferred directly to your cryptocurrency wallet.
Selling Bitcoin: After you send Bitcoin by scanning the QR code, the machine waits for blockchain confirmation, which may take a few minutes depending on network speed. Once confirmed, the screen will show the cash amount and fees, and the ATM will dispense the money.
No matter which transaction you choose, always keep the receipt or take a screenshot as evidence when needed.
Understanding the process is only the first step. To make transactions safe and cost-effective, keep in mind a few more important points below:
Bitcoin ATMs typically charge higher fees than online exchanges, sometimes as high as 15%. Fees vary between machines, so always check in advance to avoid surprises. If you trade larger amounts, even small fee differences can add up significantly. Also, compare the machine’s exchange rate with the current market rate to ensure you get a fair deal.
Some Bitcoin cash machines impose limits per transaction or per day. While some only allow a few hundred dollars, others can process several thousand dollars. If you desire to buy or sell crypto in large amounts, check the limit first and proactively split your transaction if necessary.
As mentioned, a crypto wallet is required to trade crypto through Bitcoin ATMs. It is advisable to ensure that your wallet app functions properly and your phone has a stable internet connection. Being prepared helps guarantee a smooth transaction and minimizes errors.
In every transaction at a Bitcoin ATM, you must scan a QR code to connect to your wallet. When purchasing, you scan your wallet address to receive Bitcoin; when selling, you scan the machine’s wallet address to send Bitcoin. Always double-check the QR code and wallet address displayed on the screen. A mistake here cannot be undone, as Bitcoin transactions are irreversible.
Thanks to their convenience and security, a Bitcoin cash machine is an ideal solution for newcomers. We hope this guide has helped you understand how to use Bitcoin ATMs to buy and sell Bitcoin easily. Remember to follow the safety tips above to keep your transactions smooth and secure. I wish you success in your Bitcoin trading journey with Bitcoin ATMs!
Thank you for taking the time to read this article.
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