Bitcoin ATMs are machines that dispense Bitcoin in exchange for cash. While all bitcoin ATMs can accept cash and buy cryptocurrencies, only a few can sell cryptocurrency, allowing you to withdraw cash. Select Withdraw cash at ATM. If you're looking to “withdraw your bitcoins” (sell them for cash that you can withdraw immediately), you're probably wondering if you can do it at a Bitcoin ATM.
After confirming your phone number and name at the Bitcoin ATM, you will be asked to enter the amount of bitcoin or litecoin you want to exchange for cash to withdraw. To withdraw money from a Bitcoin ATM, you will first need to find the nearest Bitcoin ATM that allows you to sell. Using a Bitcoin ATM is one of the fastest, safest and easiest ways to withdraw cash in exchange for bitcoins and litecoins. Secondly, once you have created your Coinsource account (or another account), you will need to locate the nearest two-way Bitcoin ATM (buying and selling capacity) near you.
We recently did an experiment and found that most map results, even those from Google, don't make it clear if any particular Bitcoin ATM is one-way or two-way. This is by far the fastest and easiest way to get cash for your bitcoin or other virtual currency. When you are at the two-way kiosk, log into your account at the Bitcoin ATM and select the “Withdraw cash” option. When using your crypto wallet app, you'll need to send the exact amount of bitcoin or litecoin listed to the CoinFlip wallet address by scanning the QR code.
CoinFlip charges a flat fee of 4.99% for withdrawing cash in exchange for cryptocurrencies at all CoinFlip Bitcoin ATMs. Because you're withdrawing cash, you need to have Bitcoin and have your transactions stored in a wallet. With more than 1400 locations across the country, Coin Cloud is the world's largest and fastest-growing two-way DCM network, a more advanced version of the Bitcoin ATM.
