Using Bitcoin at an ATM, also known as a Bitcoin ATM (BTM), involves a straightforward process that combines elements of traditional cash withdrawals with cryptocurrency transactions.

Here's a step-by-step guide to using Bitcoin at an ATM:

Locate a Bitcoin ATM

The first step is to find a Bitcoin ATM near you. These machines are typically located in public places such as convenience stores, shopping malls, or cafes. Online directories and mobile apps can help you locate the nearest BTM based on your location.

Choose the Transaction Type

Once you've located a Bitcoin ATM, approach the machine and select the appropriate transaction type. Most BTMs offer two primary options: "Buy Bitcoin" and "Sell Bitcoin." If you're looking to purchase Bitcoin with cash, select the "Buy Bitcoin" option. If you want to sell Bitcoin and withdraw cash, choose the "Sell Bitcoin" option.

Verify Your Identity (if required)

Depending on the BTM's operator and local regulations, you may be required to verify your identity before completing a transaction. Some machines may prompt you to scan a government-issued ID or verify your identity through a mobile phone number or email address.

Enter Transaction Details

After selecting the desired transaction type, the BTM will prompt you to enter transaction details such as the amount of Bitcoin you wish to buy or sell and the currency denomination (e.g., USD, EUR). Follow the on-screen instructions to input the required information accurately.

Insert Cash (for Buying Bitcoin)

If you're buying Bitcoin, the BTM will display the current exchange rate and prompt you to insert the corresponding amount of cash into the machine. Insert the bills into the cash acceptor slot one at a time, following the instructions provided by the BTM.

Scan Your Bitcoin Wallet QR Code

To receive the purchased Bitcoin, you'll need to provide the BTM with your Bitcoin wallet address. If you already have a Bitcoin wallet, open the wallet app on your smartphone and navigate to the "Receive" section to display your wallet's QR code. Hold your smartphone's camera up to the BTM's scanner to scan the QR code and transmit your wallet address to the machine.

Confirm Transaction Details

Before finalizing the transaction, carefully review the transaction details displayed on the BTM's screen, including the amount of Bitcoin you're purchasing, the exchange rate, and any applicable fees. Confirm that the information is correct, and proceed to the next step.

Complete Transaction

Once you've confirmed the transaction details, initiate the transaction by selecting the "Confirm" or "Buy/Sell" button on the BTM's interface. The machine will process the transaction in real-time, deducting the purchased Bitcoin from its reserve and sending it to your designated wallet address.

Receive Confirmation Receipt (Optional)

After completing the transaction, some BTMs may offer the option to print a receipt as proof of purchase. This receipt typically includes details such as the transaction ID, date and time of the transaction, amount of Bitcoin purchased, and any applicable fees.

Retrieve Cash (for Selling Bitcoin)

If you're selling Bitcoin and withdrawing cash, follow the BTM's instructions to complete the transaction and retrieve your cash from the machine's cash dispenser.