common-close-0
BYDFi
Trade wherever you are!

Can I sell bitcoin for cash at an ATM machine?

avatarRohith GantaDec 25, 2021 · 3 years ago3 answers

Is it possible to exchange my bitcoin for cash at an ATM machine? I've heard that some ATMs allow you to sell bitcoin and withdraw cash directly. How does this process work and are there any limitations or fees involved?

Can I sell bitcoin for cash at an ATM machine?

3 answers

  • avatarDec 25, 2021 · 3 years ago
    Yes, it is possible to sell bitcoin for cash at certain ATM machines. These ATMs, known as Bitcoin ATMs or BTMs, allow users to exchange their bitcoin for cash. The process typically involves scanning a QR code from your bitcoin wallet using the ATM's scanner, entering the amount of bitcoin you want to sell, and then receiving the equivalent amount in cash. However, it's important to note that not all ATMs support this feature, so you'll need to find a Bitcoin ATM near you that offers this service. Additionally, Bitcoin ATMs may have transaction fees, which can vary depending on the machine and the amount of bitcoin you're selling. It's a convenient option if you're looking to convert your bitcoin into cash quickly and easily.
  • avatarDec 25, 2021 · 3 years ago
    Absolutely! Bitcoin ATMs are a great way to sell your bitcoin for cash. These machines are designed to make the process as simple as possible. All you need is your bitcoin wallet and a QR code scanner. Just scan the QR code on the ATM screen, enter the amount of bitcoin you want to sell, and the machine will dispense the equivalent amount in cash. Keep in mind that Bitcoin ATMs may charge a fee for this service, so make sure to check the fee structure before using the machine. It's a convenient option if you prefer to have cash in hand instead of holding onto your bitcoin.
  • avatarDec 25, 2021 · 3 years ago
    Yes, you can sell bitcoin for cash at certain ATM machines. Bitcoin ATMs are becoming more popular and can be found in many major cities around the world. These ATMs allow you to sell your bitcoin and receive cash in return. The process is fairly straightforward - you simply scan the QR code on the ATM screen with your bitcoin wallet, enter the amount of bitcoin you want to sell, and the machine will dispense the cash. However, it's important to note that not all ATMs support this feature, so you'll need to find a Bitcoin ATM that offers this service in your area. Additionally, be aware that Bitcoin ATMs may charge transaction fees, so make sure to check the fee structure before using the machine. Overall, it's a convenient way to convert your bitcoin into cash if you need immediate access to funds.