• About
  • Advertise
  • Contact
Cryptopolitan
  • Home
  • News
    • All
    • Altcoin News
    • Binance News
    • Bitcoin Cash News
    • Bitcoin News
    • Blockchain News
    • Cardano News
    • ChainLink News
    • Cyber Security News
    • Dogecoin News
    • EOS News
    • Ethereum News
    • Exchange News
    • Industry News
    • Litecoin News
    • Monero News
    • Polkadot News
    • Regulation News
    • Research News
    • Ripple News
    • Scam News
    • Token Sale
    • Tron News
    Cardano decentralization

    Full Cardano decentralization expected this month

    Ethereum price prediction

    Ethereum Price Analysis: ETH set to move lower again after sharply rejecting $1,600 resistance

    Grayscale

    Grayscale purchases 80 percent of Litecoin mined in February

    bitcoin mining

    Bitcoin mining: 48,000 new machines ordered by Bitfarms to increase hashrate

    ethbox to Launch Secured Transaction Support for Binance Smart Chain and Polkadot Ecosystems 1

    ethbox to Launch Secured Transaction Support for Binance Smart Chain and Polkadot Ecosystems

    FTX Exchange

    FTX Exchange adds PayPal support

    ETH price prediction

    ETH Price Prediction: Ethereum price upsurge past the $2000 mark, under siege amid selling pressure

    Binance Smart Chain

    Binance Smart Chain unique addresses hit 47.3M ATH

    MoneyGram

    MoneyGram dragged to court for libel against Ripple

    Trending Tags

    • Fintech
    • Bitcoin Industry
    • Stock Market
    • Digital Currency
    • Bitcoin
    • Altcoin
    • Blockchain
    • Binance
    • Security
    • Ripple
    • Litecoin
    • Ethereum
    • Dogecoin
    • Cardano
    • Tron
    • Token Sale
    • Industry
    • Exchange
    • Polkadot
    • ChainLink
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Bitcoin Cash Price
    • Chainlink Price
    • Litecoin Price
    • Polkadot Price
    • Cardano Price
    • Binance Coin Price
    • Stellar Price
    • EOS Price
    • Tron Price
    • Monero Price
    • Dash Price
    • IOTA Price
    • Dogecoin Price
    • Altcoin Price
    • Sushi Price
    • Uniswap Price
  • Research
  • Scam
  • Events
No Result
View All Result
Cryptopolitan
  • Home
  • News
    • All
    • Altcoin News
    • Binance News
    • Bitcoin Cash News
    • Bitcoin News
    • Blockchain News
    • Cardano News
    • ChainLink News
    • Cyber Security News
    • Dogecoin News
    • EOS News
    • Ethereum News
    • Exchange News
    • Industry News
    • Litecoin News
    • Monero News
    • Polkadot News
    • Regulation News
    • Research News
    • Ripple News
    • Scam News
    • Token Sale
    • Tron News
    Cardano decentralization

    Full Cardano decentralization expected this month

    Ethereum price prediction

    Ethereum Price Analysis: ETH set to move lower again after sharply rejecting $1,600 resistance

    Grayscale

    Grayscale purchases 80 percent of Litecoin mined in February

    bitcoin mining

    Bitcoin mining: 48,000 new machines ordered by Bitfarms to increase hashrate

    ethbox to Launch Secured Transaction Support for Binance Smart Chain and Polkadot Ecosystems 2

    ethbox to Launch Secured Transaction Support for Binance Smart Chain and Polkadot Ecosystems

    FTX Exchange

    FTX Exchange adds PayPal support

    ETH price prediction

    ETH Price Prediction: Ethereum price upsurge past the $2000 mark, under siege amid selling pressure

    Binance Smart Chain

    Binance Smart Chain unique addresses hit 47.3M ATH

    MoneyGram

    MoneyGram dragged to court for libel against Ripple

    Trending Tags

    • Fintech
    • Bitcoin Industry
    • Stock Market
    • Digital Currency
    • Bitcoin
    • Altcoin
    • Blockchain
    • Binance
    • Security
    • Ripple
    • Litecoin
    • Ethereum
    • Dogecoin
    • Cardano
    • Tron
    • Token Sale
    • Industry
    • Exchange
    • Polkadot
    • ChainLink
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Bitcoin Cash Price
    • Chainlink Price
    • Litecoin Price
    • Polkadot Price
    • Cardano Price
    • Binance Coin Price
    • Stellar Price
    • EOS Price
    • Tron Price
    • Monero Price
    • Dash Price
    • IOTA Price
    • Dogecoin Price
    • Altcoin Price
    • Sushi Price
    • Uniswap Price
  • Research
  • Scam
  • Events
No Result
View All Result
Cryptopolitan
No Result
View All Result
Home News Bitcoin News

How to use a Bitcoin ATM in 2020?

Johnson Go by Johnson Go
October 27, 2020
in Bitcoin News
2 min read
How to use Bitcoin ATM
585
SHARES
3.2k
VIEWS
Share on FacebookShare on Twitter
  • Bitcoin ATMs are the new trend in 2020.
  • ATMs allow Bitcoin to fiat withdrawal and more.
  • ATMs also allow Bitcoin buy and sell options.

With digital currency on the rise, the need for automated teller machines (ATM) is a mandatory requirement of consumers. Currently concentrated in the North American region, more and more countries are joining the bandwagon. Very much similar to regular ATMs, Bitcoin versions enable buying, selling, and sometimes exchange into other currencies as well.

Bitcoin ATMs offer a regulated platform ensuring FinCen (Financial Crimes Enforcement Network) required compliance of adhering to KYC (know-your-customer) and AML (anti-money-laundering) laws. It drives away the volatility usually associated with cryptocurrency and provides users with high-end security of confidential data and digital assets with minimum obligations as compared to digital exchanges that make users go through meticulous procedures for simple transactions. There are about 56 manufacturers with working ATMs installed across the globe.

How to use a Bitcoin ATM?

Purchasing Bitcoins through ATM is a fairly easy process of entering one’s registered mobile number following by entering the authentication code received via SMS and finalizing the transaction by scanning the QRcode on the soft wallet in the mobile app.

RelatedPosts

Bitcoin worth $4.5 billion transferred in historic event

Bitcoin remains bearish despite breaking $48,000 mark

Bitcoin could soon be adopted for international exchange – CitiBank Analyst

Bitcoin Whale moves 7,073 BTC to cold storage

Bitcoin wallet that includes a confidential key (Bitcoin address) is what one needs to transfer Bitcoins through Bitcoin ATMs. Options of hardware and software wallets are readily available using which bought crypto funds are transferred to preferred recipients.

Trading away Bitcoins is just as simple as buying them. Selecting the sell Bitcoin option on the Bitcoin ATM followed by entering the registered mobile number followed by scanning one’s ID and take it forward by mentioning the amount of BTC you want to sell. 

You are halfway thereby scanning the QR code and receiving a message confirming the receipt of the entered amount by the ATM. Finally, navigate through the redeem ticket option and pickup conventional currency against the digital ones sold.

It’s a bit of a process but that also goes for the regular ATM machines too. Nevertheless it is well suited to new players in the field.

Johnson Go

Johnson Go

Blockchain enthusiast, project management specialist, writer and crypto investor. JG deals mostly with problems and solutions of crypto projects and provides market outlook for investments. He contributes his analytical skills to projects.

Related Posts

Bitcoin
Bitcoin News

Bitcoin worth $4.5 billion transferred in historic event

March 1, 2021
Bitcoin
Bitcoin News

Bitcoin remains bearish despite breaking $48,000 mark

March 1, 2021
FATF
News

Bitcoin could soon be adopted for international exchange – CitiBank Analyst

March 1, 2021

Follow Us

  • 40.9k Fans
  • 8.3k Followers

Latest News

Cardano decentralization

Full Cardano decentralization expected this month

March 2, 2021
Ethereum price prediction

Ethereum Price Analysis: ETH set to move lower again after sharply rejecting $1,600 resistance

March 2, 2021
Grayscale

Grayscale purchases 80 percent of Litecoin mined in February

March 2, 2021
bitcoin mining

Bitcoin mining: 48,000 new machines ordered by Bitfarms to increase hashrate

March 2, 2021
ethbox to Launch Secured Transaction Support for Binance Smart Chain and Polkadot Ecosystems 3

ethbox to Launch Secured Transaction Support for Binance Smart Chain and Polkadot Ecosystems

March 2, 2021

Signup To The Daily Roundup

Get New Posts By Email:
Privacy Policy

Got a Story tip? Email Contact@Cryptopolitan.com

News

Guides
Bitcoin News
Blockchain News
Ethereum News
Industry News
Research News
Scam News
Regulation News
Exchange News
Bitcoin Price
Ethereum Price
Bitcoin Cash Price
Cardano Price
Dash Price

Stay Connected

Facebook
Twitter
Telegram
Youtube

Company

About
Contact
Write for us
Advertise with us
Privacy Policy
Cookie Policy
Comment Policy
Editorial Policy
Terms and Conditions
Crypto Portfolio Tracker

Exclusive Partners of

Footer 4

Got a Story tip? Email Contact@Cryptopolitan.com

cryptopolitan 1

News

Guides
Bitcoin News
Blockchain News
Ethereum News
Industry News
Research News
Scam News
Regulation News
Exchange News
Bitcoin Price
Ethereum Price
Bitcoin Cash Price
Cardano Price
Dash Price

Stay Connected

Facebook
Twitter
Telegram
Youtube

Company

About
Contact
Write for us
Advertise with us
Privacy Policy
Cookie Policy
Comment Policy
Editorial Policy
Terms and Conditions
Crypto Portfolio Tracker

Cryptopolitan brings you quality Blockchain and Cryptocurrency news, ICO reviews, crypto technical analysis, and other unique news insiders. We cover Bitcoin news, altcoins news, blockchain projects news, ICO news, regulatory developments and the confluence of news on the leading blockchain technologies.

© 2021 Cryptopolitan. All rights reserved. Terms | Privacy

No Result
View All Result
  • Home
  • News
    • Bitcoin
    • Altcoin
    • Blockchain
    • Binance
    • Security
    • Ripple
    • Litecoin
    • Ethereum
    • Dogecoin
    • Cardano
    • Tron
    • Token Sale
    • Industry
    • Exchange
    • Polkadot
    • ChainLink
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Bitcoin Cash Price
    • Chainlink Price
    • Litecoin Price
    • Polkadot Price
    • Cardano Price
    • Binance Coin Price
    • Stellar Price
    • EOS Price
    • Tron Price
    • Monero Price
    • Dash Price
    • IOTA Price
    • Dogecoin Price
    • Altcoin Price
    • Sushi Price
    • Uniswap Price
  • Research
  • Scam
  • Events

Copyright © 2020 Cryptopolitan.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.