Your cash will be dispatched immediately. For larger transactions, we may need a 10-minute wait while the transaction is confirmed on the blockchain. In this case, you will receive a text message when your money is ready to be withdrawn. We've listed both reasons below to help you understand what processing your Bitcoin transactions entails.
After there has been a confirmation of your transaction on the blockchain, you can redeem your receipt for cash at the ATM. Each Coin Cloud DCM allows you to quickly and easily buy and sell more than 40 cryptocurrency options with cash. When you are at the two-way kiosk, log into your account at the Bitcoin ATM and select the “Withdraw cash” option. Each machine and transaction may take a little longer, but buying Bitcoin usually only takes a few moments.
However, when you decide to use a Bitcoin ATM, your provider will automatically pay this fee to your customers. After deciding the amount of cryptocurrency you want to exchange for cash, the bitcoin ATM will print a receipt with a QR code. 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. After you get to the nearest Bitcoin ATM that allows you to withdraw cash in exchange for cryptocurrency, you need to select which cryptocurrency you would like to exchange.
The purple location marker indicates that this machine can facilitate two-way transactions and allows you to buy bitcoins and withdraw cash in exchange for bitcoins. The more significant the delay, the longer it takes for your transaction to be approved, especially since every transaction has to be approved through a Bitcoin miner. Enter the amount of cash you want to withdraw and send Bitcoin to the QR code of the indicated wallet address. Pelicoin makes using Bitcoin ATMs as easy as possible, even if it's your first time buying Bitcoin or creating a digital wallet.
Bitcoin ATMs are one of the fastest ways to buy cryptocurrencies because you can make instant purchases. These Bitcoin miners are given “blocks to mine” that not only make them earn more Bitcoins, but also contain Bitcoin transactions awaiting approval.