How to Use a Bitcoin ATM

Bitcoin ATMs are a popular way to buy bitcoins with cash.

This guide will show you exactly how to use a Bitcoin ATM.

Key Takeaways

  • Bitcoin ATMs are easy to use. Just find one, travel to the ATM, and insert cash.
  • The fees for buying crypto at an ATM generally range from 5-12%.
  • Crypto ATMs usually only accept cash and don't accept credit card or debit card.

How to Use a Bitcoin ATM

An initial note:

Bitcoin ATMs almost always make you buy bitcoins with cash. Credit card and debit card are not accepted.

So the first step to buying bitcoins from a Bitcoin ATM machine is to determine the amount you want to buy, and prepare the cash to bring to the ATM.

Once that’s done, the process is fairly easy:

  1. Find a Bitcoin ATM (our ATM map can help you)
  2. Travel to the Bitcoin ATM
  3. Deposit cash into the machine
  4. Get your bitcoins

This is just a demo video, but it shows you just how fast the process of buying from a Bitcoin ATM is:


Today, many ATMs make you pass extra verification so things won’t be as fast as the video above.

Is it Safe to Send Money?

If someone you don’t know asked you to send them money through a Bitcoin ATM teller machine, it’s likely a scam.

Google is filled with stories of people losing money in ATM scams.

When finding an ATM machine to use, always try to find one in a public area like a mall or gas station. This will make the process more secure for you.

Every ATM operator has different ATMs, therefor it may be helpful to watch a video for the specific provider you’re trying to use.

So, once you’ve decided on which ATM you’re going to use, figure out the company operating the machine.

Once you know the operator, you can see if it’s listed in the videos below.

Bitstop

Coinflip

Coinsource

Bitcoin Depot

Bitcoin of America

Bitcoin ATM Fees

The fees to buy bitcoins and crypto at an ATM with cash generally cost 5-12%. It’s optimal to buy bitcoins online from an online exchange if you want to buy in a more cost effective way.

Online exchanges generally charge between 0%-2% in fees.

➤ MORE: Find Bitcoin ATM Locations Near You

Verification

Bitcoin ATMs may require identity verification. This is because most countries have strict Know Your Custom laws, meaning the operators are required to ID each buyer or seller at the ATM.

About the Author

jordan tuwiner
Jordan Tuwiner

Jordan Tuwiner is the founder of BuyBitcoinWorldwide.com. His work has been featured in The Guardian, International Business Times, Forbes, VentureBeat, CoinDesk and many other top Bitcoin media outlets.