How To Use Bitcoin ATMs
Using a Bitcoin ATM (BTM) is a convenient and easy way to buy and sell Bitcoin. If you're new to Bitcoin ATMs, here's a step-by-step guide on how to use one:
Find a Bitcoin ATM: The first step is to locate a Bitcoin ATM near you. You can use a website or app that tracks the locations of BTMs, such as Coin ATM Radar (Bitcoin ATM in Oklahoma City) or Bitcoin.com.
Prepare your cash: Have your cash ready to insert into the BTM. Bitcoin ATMs typically accept denominations of $1, $5, $10, $20, $50, and $100.
Scan your QR code: If you have a Bitcoin wallet with a QR code, you can scan it using the BTM's scanner. This will allow you to send Bitcoin directly to your wallet.
Enter your phone number: If you don't have a QR code, you can enter your phone number into the BTM. The BTM will send a text message to your phone with a code that you can use to redeem your Bitcoin.
Insert cash and confirm the transaction: Once you've entered your QR code or phone number, insert the cash into the BTM. The BTM will then display the current exchange rate and the amount of Bitcoin you'll receive. Review the details and confirm the transaction.
Wait for the transaction to be processed: The BTM will process the transaction and send the Bitcoin to your wallet. The length of time it takes for the transaction to be completed will depend on the BTM's policies and the current Bitcoin network activity.
By following these steps, you should be able to easily buy or sell Bitcoin using a Bitcoin ATM. Just be sure to research the fees and terms of different BTMs before using one to ensure you get the best deal.
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