Where can i find a bitcoin machine in my area

What is a Bitcoin ATM?

Bitcoin ATM (abbreviated as BATM) is a kiosk that allows a person to buy Bitcoin using an automatic teller machine. Some Bitcoin ATMs offer bi-directional functionality enabling both the purchase of Bitcoin as well as the sale of Bitcoin for cash. Bitcoin machines are not exactly the same as traditional ATMs but work in a similar fashion.

Bitcoin ATM kiosks are machines which are connected to the Internet, allowing the insertion of cash or a credit card in exchange for Bitcoin. They look like traditional ATMs, but they do not connect to a bank account and instead connect the customer directly to a Bitcoin exchange for a localized and convenient way to purchase Bitcoin in person. Common locations for Bitcoin ATMs are inside of a retail store, shop, tavern, restaurant, mall or airport. Keep reading to find out how Bitcoin ATMs work.

Bitcoin ATMs Near You

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Many people who are new to buying cryptocurrency or buying Bitcoin may ask, “How do I buy crypto?”
The answer is surprisingly simple: find a Bitcoin ATM near you!
If investors want to buy crypto using cash,
then a Bitcoin ATM machine is one of the best ways to buy crypto in minutes.

Where can I find a Bitcoin ATM near me?

CoinFlip offers a simple Bitcoin ATM machine locator as a resource.
Search for Bitcoin ATMs by typing in an address or search by zip code in the locator widget above.

How Much Can I Withdraw
at a Bitcoin ATM?

CoinFlip ATMs equipped with buy-sell functionality allow users to withdraw money. Customers can withdraw cash in amounts of up to $900; withdrawals of more than $900 are subject to additional registration requirements. Withdrawals can be made in increments of $50.

Can I Buy Bitcoin at an ATM?

Yes. All that you need is a smartphone and some cash, then you’re all set to begin buying Bitcoin or other cryptocurrencies using CoinFlip ATMs.

How to Use a Bitcoin ATM Machine?

First, find the nearest Bitcoin ATM to you. Next, begin using the ATM by selecting the type of cryptocurrency you want to buy. Continue using the ATM by following the step-by-step guide in the videos below or by visiting our how-to guide on how to use a Bitcoin ATM.

How Many Bitcoin ATMs Are Near Me?

As time goes on, it will probably get easier to find a Bitcoin ATM in your neighborhood. Why? Because the number of Bitcoin ATMs worldwide more than doubled in the past year according to Bitcoin ATM locator CoinATMRadar.

How to Buy and Sell Cryptocurrency at a CoinFlip Bitcoin ATM

How to Find Your Nearest Bitcoin ATM How to Find the Nearest Bitcoin ATM to Your Location and Learn About Its Features

Cryptocurrency markets have experienced a few intensive weeks since the start of the year that took prices to 2020 highs in mid-February. The overall bullish sentiment is attracting more interest towards the crypto space. There are many ways to get started with Bitcoin but one the most accessible options is to find an ATM supporting coin purchases with local fiat.

Also read: Bitcoin.com Partners With Mecon Cash, Enabling Withdrawal at ATMs Across South Korea

Using a Crypto ATM Is an Easy Way to Get Into Bitcoin

Bitcoin teller machines (BATMs) are a great gateway to the world of cryptocurrencies as they don’t require extensive expertise and you can use them without complicated access procedures. While there are differences in how various devices function, in most cases all you need is to have a crypto wallet installed on your smartphone and a wallet with cash and cards in your pocket. But even that is not always necessary.

How to Find Your Nearest Bitcoin ATM

In order to “withdraw” cryptocurrency from a BATM, you’ll have to set an amount you’d like to buy, enter a destination crypto address – you can let the machine scan the QR code on the receiving screen of your mobile wallet – and then insert the banknotes that you want to convert into digital money. Once you complete the purchase, you can print out a receipt for the transaction. In case you don’t have a software wallet, many teller machines can also generate a paper wallet for you.

Some Bitcoin ATMs are two-way devices that allow you to also sell crypto for cash. One common way to do so is to enter a sum of fiat currency you want to withdraw from the teller machine, which will print out a ticket with a QR code of a public address you need to send the coins to within a certain timeframe. You can scan the code with your mobile wallet and transfer the preset crypto amount. Then by scanning the same printed QR code later at the ATM you can redeem the cash equivalent.

How to Find Your Nearest Bitcoin ATM

How to Find BATM Locations Near You and Around the World

The easiest way to locate the closest bitcoin ATM is to use a tracking website. Coinatmradar is the most popular option as its database now lists almost 7,000 crypto teller machines worldwide. The platform has many useful features. For example, you can narrow down your search by supported cryptocurrencies, availability of buy and sell options, and focus on a particular destination including country, city and location.

The most intuitive way to do that is by using Coinatmradar’s interactive map but there’s also a dedicated “Find a bitcoin ATM near me” feature that provides even more options. It allows you to choose between eight popular cryptocurrencies, including bitcoin core (BTC) and bitcoin cash (BCH), and to select the ATM locations according to their buy or sell features. You can also use the page to search for ATMs by address or allow the tracker to use your current location to ask for suggestions in your area.

How to Find Your Nearest Bitcoin ATM

Coinatmradar supports searching by countries and by manufacturers. The website provides details about each listed ATM like the exact address of the device, directions how to get there, working hours and its operator’s contact information. Because of their accessibility and running costs, Bitcoin ATMs usually charge relatively high fees per transaction. With Coinatmradar you can obtain that information as well if it has been reported by the company. Supported fiat currencies and exchange pairs are also listed.

Other bitcoin ATM locator sites often track crypto teller machines in a specific region. Findbitcoinatm.com.au was one such platform working in Australia but its website is currently offline. The Russian Cryptocoinmap.ru is similar in design, although much simpler than Coinatmradar. It lets you find BATMs on a Yandex map and lists them with their locations, pictures and other details, including working hours, supported transactions and available cryptocurrencies. Visiting an operator’s website is another option. For example, Coinflip, which is a leading provider in the U.S., allows you to explore its ATM locations online. Using Google Maps or business directory services such as Yelp can produce some results but Coinatmradar remains the best global source at the moment.

Do you know of other ways and platforms to locate bitcoin ATMs around the world? Share your suggestions in the comments section below.

Disclaimer: This article is for informational purposes only. It is not an offer or solicitation of an offer to buy or sell, or a recommendation, endorsement, or sponsorship of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Images courtesy of Shutterstock, Coinatmradar.

Are you looking for a secure way to buy bitcoin online? Start by downloading your free bitcoin wallet from us and then head over to our Purchase Bitcoin page where you can easily buy BTC and BCH.

Lubomir Tassev

Lubomir Tassev is a journalist from tech-savvy Eastern Europe who likes Hitchens’s quote: “Being a writer is what I am, rather than what I do.” Besides crypto, blockchain and fintech, international politics and economics are two other sources of inspiration.

how to use bitcoin atm

Updated on February 4th, 2022

Bitcoin ATMs can be found almost everywhere traditional ATMs are found: In gas stations, convenience stores and more! But what is a Bitcoin ATM, how do you use one, and how do they work? In this article, we’ll cover everything about Bitcoin ATMs, from what they are, and how to use them. 

Summary: All Bitcoin ATMs allow you to use cash to buy Bitcoin and send it to a Bitcoin wallet of your choosing. Many of these kiosks also allow you to sell Bitcoin and receive cash. You can also insert cash and have it sent to someone else’s Bitcoin wallet, or account. You just need a smartphone. Here’s how to use a Bitcoin ATM.

Video Instructions

To watch a complete tutorial on how to use a Bitcoin ATM, view our guide below.

Before You Go to the Bitcoin ATM

Get a digital wallet

Just like we have physical wallets to store our physical money, you need a digital wallet to store your digital money. Essentially, your digital money must “go” somewhere, and your Bitcoin wallet gives you a place to “store” it.

In truth, all Bitcoin lives within the online ledger known as the blockchain and never leave it. So your digital wallet doesn’t contain Bitcoin per se, but it does contain the balance of Bitcoin owned by you, and enables you to keep track of your cryptocurrency. Just like a physical wallet helps you keep track of your physical currency.

Digital wallets come in various forms–such as web-based, hardware devices and desktop software–but if you’re interested in Bitcoin ATMs, a mobile app or web-based digital wallet will likely suit you best. You can determine what digital wallet works for you via Bitcoin.

Set up your digital wallet and have easy access to it

You’ll need to ready your wallet before hitting a Bitcoin ATM. This is simple if you use a mobile app as a wallet–just set up the mobile app.

Otherwise, mobile access changes depending on the wallet type you have. All wallets have “keys,” often in the form of alphanumeric characters, to secure your cryptocurrency. You may need to note this key or download a QR code. Follow the instructions your wallet supplies.

Find Bitcoin ATM Locations

Once you have your wallet set up, your next step is to find a Bitcoin ATM machine near you. Plug in your location to receive a list the Bitcoin ATMs nearby, with addresses and hours.

To use a Coinsource Bitcoin ATM, or anyone’s ATM for that matter, you’ll also need to set up an account. Follow these instructions to do that.

How to Use a Bitcoin ATM

Here’s how a Bitcoin ATM works to purchase Bitcoin. The process is simple, and relatively similar across operators.

  1. Create An Account with the Bitcoin ATM operator. This will privately establish your identity and allow you to transact.
  2. Get your crypto wallet ready. This will securely store the records of all of your Bitcoin transactions, and this can be done easily with a downloadable app for your smartphone.
  3. Find a Bitcoin ATM. Use Coinsource’s location finder to find a Bitcoin ATM near you.
  4. Enter your Bitcoin wallet on the machine. This will be the address the Bitcoin will be sent to.
  5. Insert your cash. Let’s say you insert $100. The Bitcoin ATM sells you $100 worth of Bitcoin at the market price at that moment, minus the Bitcoin ATM fee. Some operators charge the miner’s fee, but Coinsource pays this fee for you.
  6. Take your receipt! You will receive confirmation that your Bitcoin wallet now holds the secure record of this transaction, proving that you own that $100 worth of Bitcoin, minus the fees.

man using a bitcoin atm

NOTE: Not all Crypto ATM operators are made equal according to Jayson Peter! Some take longer to complete transactions than others. Some charge extremely high hidden fees. And with others, it can be hard to get customer support. Coinsource has the fastest transactions, transparent fees and live support 7 days a week.

How to Sell Bitcoin at a Bitcoin ATM

Looking to convert your Bitcoin to cash? Some Bitcoin ATMs work to sell Bitcoin as well. Here’s how:

NOTE: If you own Bitcoin, then you already have a Bitcoin wallet. Many people have more than one wallet, so you need to decide in advance which wallet and key you want to use to sell your Bitcoin.

  1. If you don’t already have an account with a Bitcoin ATM operator, you will need to create one.
  2. Then, using one of their kiosks, you log in to your account, indicate how much Bitcoin you want to sell, and which wallet address you want to sell from.
  3. This transaction needs to be verified on the Bitcoin network, or blockchain, and you will receive notification when it has been verified and you can withdraw your cash. This takes longer than buying Bitcoin, and different operators require more time than others.
    NOTE:
     Different operators also have different levels of customer service, if any. It pays to do your research in advance and do business with a Bitcoin ATM operator who is reputable, and has fast, reliable customer service.
  4. As with buying Bitcoin, the ATM operator will charge a fee for the transaction, so the cash you collect will be minus the operator’s fee and possibly also the miner’s fee.

View our complete tutorial on how to withdraw cash from a Bitcoin ATM.

How to Send Cash to Someone Using a Bitcoin ATM

Bitcoin ATM machines also work well to send Bitcoin to someone else. All you have to do is sell some of your Bitcoin and send it to their Bitcoin wallet.

But if you want to send cash to someone, and not sell your Bitcoin to do it, here’s how:

  1. You will need to have an account with the Bitcoin ATM operator.
  2. Log in to your account on the kiosk and indicate the amount of cash you want to send, and the address of the Bitcoin wallet you are sending it to (not your own this time, instead use the wallet of the recipient).
  3. Insert cash and it will be deposited in the recipient’s Bitcoin wallet in the form of Bitcoin that they can then cash in and withdraw.

To get more detailed instructions, check out our guide on how to send cash through a Bitcoin ATM.

Coinsource charges the lowest fee of any Bitcoin ATM operator. We keep our fees transparent, and never inflate the price of Bitcoin. Enjoy 7-day-a-week live customer support and all miners fees paid at all Coinsource Bitcoin ATMs. 

Frequently Asked Bitcoin ATM Questions

How Much Cash Can I Deposit at a Bitcoin ATM?

The short answer: It depends. Most upper limits are between $1,000-$3,500 per transaction and can go as high as $20,000. These numbers vary by operator. Coinsource’s upper limit is $8,500. Learn more about the importance of having Bitcoin ATM limits.

Can I buy Bitcoin with a credit card at a Bitcoin ATM?

No. Bitcoin ATMs require you to use cash. It’s one reason many favor them for conducting their cryptocurrency business.

You can use a credit card to purchase Bitcoin through a peer-to-peer network, but these platforms are more susceptible to hacking.

Are Bitcoin ATMs anonymous?

Yes, transactions made through Bitcoin ATMs are anonymous.

Cryptocurrency’s relative anonymity is part of its appeal. To be clear: All Bitcoin transactions are recorded in the blockchain, so there is a record of your transaction. However, your identity isn’t attached to that record.

If you prioritize anonymity, a Bitcoin ATM’s reliance on cash benefits you because they are less traceable than credit cards.

How long does a Bitcoin ATM transaction take?

Or as some people put it: Are Bitcoin ATMs instant?

Unlike crypto exchanges that can take a few days to verify your account and transaction, Coinsource ATM purchases are instant. Account verification takes only a few minutes, and purchasing Bitcoin is even faster. However, Bitcoin sales must be confirmed on the blockchain. This confirmation involves a third party, so Coinsource can’t control the time this takes. Typically, it’s minutes.

Are Bitcoin ATMs safe?

Short answer: Yes! We’ll answer this from two different perspectives.

Are my finances secure using a Bitcoin ATM? 

Yes. It’s important to us at Coinsource to provide a safe experience for our customers, so we’ve gone to great lengths to develop our state-of-the-art software. Also, from a practical perspective, operators can’t successfully run a business with problematic software or hardware. We take special precautions to ensure the security of Coinsource ATM transactions to benefit all parties involved.

Am I safe using a Bitcoin ATM? 

We do our part to make interacting with our kiosks as safe as possible. Our ATMs store relatively low amounts of cash, so they aren’t obvious targets for theft. Plus, we encourage all Coinsource ATM owners to place their kiosks in a highly visible space where they can see the activity around a kiosk.

If you want to be extra-cautious, our Bitcoin ATM map can point you in the direction of a business or a neighborhood you’re familiar with.

Closing Notes

This concludes our guide, on how Bitcoin ATM machines work. If you ever need any help when using a kiosk, please reach out to us. Whether this is your first time buying Bitcoin, or hundredth, Bitcoin ATMs make the whole process simple and fast. Enjoy transparent fees and accurate prices at all Coinsource locations!

Coinsource is the world leader in Bitcoin ATMs. With a focus on compliance and ease of use, Coinsource is aiming to bring Bitcoin to the masses. Follow for blogs about Bitcoin, finance, company updates and Bitcoin ATM information!

Written by Jane