Cryptocurrencies

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how to use bitcoin depot atm

Using a Bitcoin Depot ATM involves locating an ATM, creating an account (optional), verifying identity, inserting cash, specifying the Bitcoin amount, scanning the wallet address, and completing the transaction after reviewing all details.

Oct 03, 2024 at 10:11 pm

How to Use a Bitcoin Depot ATM

Step 1: Locate a Bitcoin Depot ATM

Visit the Bitcoin Depot website: https://bitcoindepot.com/
Click on "Find an ATM" to locate the nearest ATM.

Step 2: Create an Account (Optional)

You can choose to create a Bitcoin Depot account for easier future transactions.
If you don't want to create an account, you can still make a one-time purchase.

Step 3: Verify Your Identity (If Creating an Account)

Enter your phone number and email address.
Follow the steps provided by Bitcoin Depot to verify your identity using SMS or email.

Step 4: Approach the ATM

Insert your cash into the bill acceptor slot.
Enter your phone number or scan the QR code on the ATM screen if you created an account.

Step 5: Enter the Amount of Bitcoin

Specify the amount of Bitcoin (BTC) you want to purchase.
Confirm the purchase amount and review the transaction details.

Step 6: Scan Your Bitcoin Wallet Address

Use your smartphone's camera to scan the QR code displayed on the ATM screen.
Alternatively, you can manually enter your wallet address.

Step 7: Complete the Transaction

Review all transaction details again and select "Buy Bitcoin."
Wait a few minutes while the ATM processes your transaction.
Once the transaction is complete, your Bitcoin will be sent to the specified wallet address.

Additional Tips:

The ATM will only accept cash payments.
The purchase and transaction limits may vary depending on the ATM location.
Keep your transaction receipt for future reference.
Remember to always verify the authenticity of the Bitcoin Depot ATM by checking for the official signage and logo.

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