How did you discover bitcoin at first? Maybe you looked into a report you saw on the news. Perhaps you heard about it from a friend or relative and were curious. You could have even opted to check out a Bitcoin ATM or kiosk after spotting one in your neighborhood shopping center or supermarket.
Regardless of how you learned about bitcoin price, you are likely aware by this point that it is a permanent technology. However, the process of making your first purchase could seem overwhelming. Be at ease, though! The method of becoming familiar with a Bitcoin ATM is quick and easy. You’ll quickly be on your way to buying bitcoin!
We will outline the fundamentals of bitcoin ATMs and kiosks in this blog article and assist you in locating the one closest to you. Most importantly, we’ll provide you with the assurance you need to buy your first bitcoin and participate in the new financial system!
What is a Bitcoin ATM?
The ATMs and kiosks that accept bitcoins resemble regular ATMs. You use your debit card to access your account when you put money into a conventional ATM.
With a few minor variations, bitcoin ATMs and kiosks operate similarly. Before purchasing a Coinstar Bitcoin ATM, you will be required to enter your working phone number. It is preferable to open an account on KuCoin before going to the Bitcoin ATM! This saves you time at the grocery store since, unlike other Bitcoin ATMs, you won’t need to fumble around and show your ID at the machine.
You enter cash into the machine, similar to a typical ATM. Still, a bitcoin ATM immediately converts that money into the same number of bitcoins instead of depositing U.S. dollars to your bank account (or crypto).
You will be given a redemption code when utilizing a bitcoin machine, such as a Coinstar Bitcoin ATM, to deposit bitcoin into your online wallet (which operates much like your bank account but for storing digital currency like bitcoin.) Prior to redeeming it online, keep your voucher and redemption code secure. Later, more on that.
How do Bitcoin ATMs operate?
It’s quite easy to use a Bitcoin ATM or kiosk, and it frequently provides the fastest and safest option to buy bitcoin with cash. In contrast to the usual step-by-step instructions on the screen, we will demonstrate how easy it is to use a KuCoin-powered Coinstar Bitcoin ATM in this blog post.
Step 1: Start the process!
You just click start when you get close to the machine and choose the “Buy Bitcoin” option. This will get things started and make sure you have everything you need to buy bitcoin.
Step 2: Comply with the on-screen instructions.
You are instructed to input your phone number after reading the terms and conditions. In order to prevent unauthorized access to your bitcoin, this step of the procedure ties your phone number to the bitcoin purchase and assures your protection.
3. Verify the exchange
The exchange rate for your bitcoin price will be displayed on the screen when you have finished the crucial security measures. If you visit a Bitcoin ATM or kiosk on various days, you can see different crypto exchanges like KuCoin, Coinbase, and Binance because the bitcoin exchange rates fluctuate often.
Insert your money and double-check your purchase in Step 4.
You may put your dollar notes into the bill receiver after determining how much bitcoin you want to buy and evaluating the exchange rate. Once all of your banknotes have been inserted, you may check the total and click the purchase bitcoin button on the lower right-hand side of the page. Remember to just input the amount you intend to spend because most machines won’t be able to refund any inserted money!
Where can I locate a Bitcoin ATM nearby?
The number of bitcoin ATMs and kiosks has increased recently, making it simpler than ever to locate one near you. Even though you may find ATMs depending on your area on websites like CoinATMRadar, not all of the ATMs and kiosks mentioned are authorized to operate and are.
As the country’s first Bitcoin ATM provider with a license, KuCoin currently has over 10,000 locations throughout 49 states and is the largest bitcoin kiosk network, thanks our partnership with Coinstar.
Visit KuCoin.Com Locations and type your location into the search field to discover the location that is closest to you. You can click on the place that is closest to you to get more specific driving instructions from Google Maps.
Congrats! You may now utilize a Bitcoin ATM.
You are now prepared and self-assured to make your first transaction at a Bitcoin ATM or kiosk!
Ideally, you would spread your knowledge to enable your friends and family to safely and securely participate in the future financial system.