There are a few ways to buy Bitcoin. The most common and convenient way to buy Bitcoin is through an online exchange or brokerage, for example you can buy Bitcoin now using your credit card through Bitcoin.com and get Bitcoin immediately with little hassle. However, sometimes people want to pay with cash. Buying Bitcoin with cash isn’t as hard as it seems. One way you can buy Bitcoin with cash is peer-to-peer meaning, you can find someone locally to buy from in-person. This requires a bit more work than most people would enjoy. The other more convenient and less invasive way is to buy Bitcoin with cash at a Bitcoin ATM.
This guide will cover the Bitcoin ATM process and walk you through how to locate and use one to purchase Bitcoin with cash.
Step 1: Finding a Bitcoin ATM near you
After you have decided that you want to buy Bitcoin with cash using an ATM (also referred to as a BATM), you will need to find one closest to you. We have you covered here, as we have mapped out over 1200+ Bitcoin ATM’s all over the world with the help of Coin ATM Radar. With this map, you should be able to find some BATM’s close to your home location.
Step 2: Start the process
It may seem like a daunting task, but when it’s all said and done you will see that buying Bitcoin from an ATM is fast and easy.
Before going to the Bitcoin ATM, a good thing to have handy in advance is a Bitcoin wallet already downloaded to your mobile device and ready to go (and backed up). That way when you go to buy, you can generate a Bitcoin wallet receiving address without having to worry about it at the BATM. If you download the Bitcoin.com Wallet, you can see how to use it here.
When you’re ready, head on over to your local Bitcoin ATM. When you arrive, it should look something like the image pictured inline (all locations will obviously be different). The next step will be to begin using the BATM.
Step 3: Using the Bitcoin ATM
Begin by tapping on the screen that you want to buy coins. Depending on the BATM, the process may be slightly different for each one, but in general, most machines follow a similar buying process.
At this point, the BATM will ask you how much Bitcoin you want to buy and to verify yourself by entering in your mobile phone number so you can receive a text (sms) message to confirm. Then the BATM should ask you where you want your Bitcoin to be sent – this is where you will need your Bitcoin wallet receiving address. To generate your wallet receiving address, using the Bitcoin.com Wallet, simply tap “Receive” on the top left. This will automatically generate a new address for you typed-out and also in the form of a QR code that can be scanned.
Here you will want to hold the QR code that is showing in the wallet up to the BATM so it can be scanned (so they know where to send you the Bitcoin). You will want to follow the instructions on the screen, which may read something like the image pictured inline to hold the QR code 4-6 inches away from the scanner.
Once the machine scans your wallet QR code, it will have you confirm the address in your wallet – double check to ensure that it’s correct before proceeding. The next step will be to insert the cash that you want to buy Bitcoin with into the machine. You should be able to insert any amount of cash so long as it meets the minimum and maximums amounts allowed by the BATM.
On the screen you should also see the amount of Bitcoin you are purchasing denominated in your local currency and also in the coin ticker amount (for example, it may say $20.00 USD and 0.1387446 BCH).
When you’re ready, finish the transaction. This will then prompt the machine to print out the receipt which will show the BATM transaction details and confirm the transaction details. Once this is done, you will receive your Bitcoin to your wallet within just a couple of minutes.
And that’s it, you just bought Bitcoin from a BATM. Not sure what to do with your new digital currency? Start here and find some places to begin using it at!