How To Withdraw Cash from Bitcoin ATMs?

Almost every trader involved in cryptocurrency might sometimes get confused about the idea of cashing his coins. Cashing out your digital con like Bitcoins to ATM. But you will be surprised to know that it is not only possible to withdraw your Bitcoins through an ATM but it is simple too.

How to do so let’s have a look!

1 Create an Account

This is the first step and you need to create an account at any of the reliable and popular cryptocurrency trading sie like Coinbase, Krake or Bitcoinexchanger, etc. You can sign freely and quickly.

 

2. Look for a Bitcoin ATM Near You to Withdraw Cash

Secondly, after signing up, you will have to find a 2-way (buy and sell capability) platform for ATMs near you. 

 

3. Set Aside Your Wallet Address Ready to Convert Your Bitcoin to Cash

As you are going to withdraw cash, you need to already own Bitcoin and have your transactions stored in a wallet. You will use the wallet address where your Bitcoin is stored available and ready. Be conscious as it is your private key. So if you are having several keys or wallets, you should select the one you want to use in this transaction.

 

 

4. Withdraw Cash from the 2-Way Bitcoin ATM

After this step, when you are at the 2-way kiosk, you will have to log in to your account on the Bitcoin ATM, and select the option of “Withdraw Cash”. In case the Bitcoin ATM you are using does not offer this option, it most likely does not have crypto selling capabilities. So it is good to confirm the location you are using has the ability to sell Bitcoin. After this, you can enter the amount of cash you wish to withdraw and send Bitcoin to the wallet address QR code indicated.

Final Notes

When you are done with the transaction is confirmed on the blockchain network, it would be easy for you to collect your cash. All this process usually completes within 30 minutes.

This is quite common that all Bitcoin operators charge a fee for using the Bitcoin ATM to buy or sell Bitcoin. But you can find out some platforms which charge you the lowest fees. In this way, you can have the most cash possible from the Bitcoin you are withdrawing!