If you are into cryptocurrency trading, you must be aware of the hassles and risks associated with buying and selling Bitcoin and other types of cryptocurrency from an exchange. Now there is a simple, more secure, and less hassling way of trading in BTC and other types of cryptocurrency.
Cryptobase introduces Bitcoin ATM, the fastest and most convenient way to buy and sell cryptocurrency. You can use the machines to purchase and for selling BTCs. They do not work like your traditional ATMs but there are many similarities.
How Crypto ATMs Work
Crypto ATM machines are connected to the internet and allow you to buy BTCs and other types of crypto coins using cash. At present these machines are designed to accept only cash but maybe in the near future, there will be an upgraded version that accepts credit cards as well for payment.
Many cryptocurrency investors and enthusiasts are delighted to have this option of BTC ATM as they can now trade in Bitcoin on a secure and significantly more user-friendly platform than the traditional crypto exchanges.
Transact Safely, Securely, and Quickly
When you enter the Cryptobase ATM, the first step you must take is to take a look at the ATM screen to find the Buy Coins tab. Once you choose that option, the next step is to enter your mobile phone number using the keypad on the ATM and press continue. The machine will generate a text message which contains the code needed for verification of your mobile number.
After you have verified your code, the next step is to set a pin or a passcode of four digits of your choice. Select the type of coin you want to purchase and also indicate the way you want it delivered. There are three options available:
- Scan the wallet QR Code
- Create a paper wallet
- Add an address for the coin to be sent
Once you have successfully completed the following steps, now comes perhaps the most vital part of the transaction process and that is making the payment for the coins you plan to buy. As mentioned earlier, the Cryptobase ATM is designed to only accept cash at present. So you will have to use cash to make the payment and buy your desired crypto coins.
It is important to follow this instruction carefully. While inserting cash into the machine, make sure you put in one bill at a time. You don’t have to worry about keeping track of the currency or the value of bills you have inserted as the ATM will do all the calculations automatically. Once you are done with inserting cash, hit on the Finish button to complete the transaction.
You Can Also Sell BTC And Get Cash Instantly
You can also sell coins using the ATM in a similar manner using the secure and convenient system. With the steps until getting the pin/passcode remaining the same as those for buying the coins, all you now have to do is select the type of coin you want to sell from the ATM screen and enter the amount you want to withdraw.
You will receive a QR code for sending the coins which is done by opening the wallet app to the coin you want to sell. It is important to send the exact amount of coins displayed on the screen to complete the transaction successfully.
Now that you know how to buy and sell crypto coins using the Cryptobase ATM, all you have to do is search online for ‘Bitcoin ATM near me’.
Once you locate the ‘Bitcoin machine near me’, you are just a few minutes away from buying or selling BTC.
