Bitcoin ATMs make it easy to buy and sell Bitcoin with cash. Whether you’re new to cryptocurrency or already familiar with it, using a Bitcoin ATM is a simple way to get Bitcoin quickly and securely. This guide will explain everything you need to know, including how to find a Bitcoin machine and complete a transaction.
What’s a Bitcoin ATM?
A Bitcoin ATM (BTM) is a machine that lets people buy or sell Bitcoin and other cryptocurrencies. Unlike a regular bank ATM, these machines don’t connect to a bank account. Instead, they use the blockchain to process transactions directly with a digital wallet.
How Bitcoin ATMs Work
Using a Bitcoin ATM typically involves only a few steps.
- Buying Bitcoin: Scan your wallet’s QR code, put cash into the machine, and receive Bitcoin.
- Selling Bitcoin: Send Bitcoin from your wallet, wait for confirmation, and withdraw cash.
Most transactions take just a few minutes, but some may take longer depending on the blockchain network.
Types of Bitcoin ATMs
Not all Bitcoin ATMs work the same way. Some only let you buy Bitcoin, while others allow both buying and selling.
Buy-Only ATMs
These ATMs allow you to buy Bitcoin using cash, making them the most common type of Bitcoin ATM. Once the cash is inserted, Bitcoin is sent directly to your wallet. However, these machines do not support selling Bitcoin for cash.
Buy & Sell ATMs
These ATMs allow you to both buy Bitcoin and sell it for cash, though they are less common than buy-only machines. RockItCoin has almost 400 of these buy & sell ATMs available. When selling, you send Bitcoin from your wallet to the ATM, wait for blockchain confirmation, and then withdraw cash once the transaction is approved.
Benefits of Using a Bitcoin ATM
Bitcoin ATMs make it easy to buy or sell cryptocurrency quickly and safely. They offer several key advantages compared to other ways of purchasing Bitcoin.
- Convenience: They’re located in many places, making them easy to access. Unlike online exchanges, they don’t require a bank account.
- Speed: Transactions happen almost immediately, so you don’t have to wait days for a bank transfer to clear.
- User-Friendly Experience: The machines have simple touchscreens that guide you through each step, making them easy to use, even for beginners.
- Cash Access: You can turn your Bitcoin into cash instantly at a buy & sell Bitcoin ATM, which is helpful if you need money fast.
How to Find a Bitcoin ATM Near You
Finding the nearest Bitcoin kiosk is easy:
- Go to the RockItCoin ATM Locator on our website or mobile app.
- Type in your city or zip code.
- Check the ATM details to see if it allows buying, selling, or both.
- Get directions and visit the ATM to complete your transaction.
What You Need to Use a Bitcoin ATM
You just need the three things to get started:
- A Bitcoin Wallet: You’ll need a wallet to store your Bitcoin. You can download the RockItCoin app for a secure and easy experience.
- A Mobile Phone: Bitcoin ATMs require phone number verification for security.
- A Valid ID (if required): You may need an ID for larger transactions.
Step-by-Step Guide: How to Use a Bitcoin ATM
How to Buy Crypto Using a Bitcoin ATM
- Select “Buy Coins” on the screen.
- Select the amount of crypto you want to buy. You can start with as little as $10 at RockItCoin’s Bitcoin ATMs.
- Enter your phone number to verify your identity.
- Select the cryptocurrency you wish to purchase. RockItCoin ATMs have Bitcoin, Ethereum, Litecoin, and Bitcoin Cash available.
- Scan your Bitcoin wallet QR code to enter your receiving address. You can also print a paper wallet for offline storage.
- Insert cash into the ATM. The machine will show the amount of Bitcoin you’ll receive.
- Confirm the transaction and choose between an emailed or printed receipt.
- Receive Bitcoin in your wallet! Transactions usually take a few minutes.
Find a RockItCoin Bitcoin ATM near you and start buying today!
How to Sell Crypto Using a Bitcoin ATM
- Select “Withdraw Cash” on the ATM.
- Enter the amount of crypto you want to sell.
- The ATM will display a QR code on-screen. Send crypto from your wallet to the ATM’s provided address.
- Wait for blockchain confirmation. This may take a few minutes.
- Withdraw your cash once the transaction is confirmed. You’ll receive a text message with a redemption code, which you will enter at the ATM using the “Redeem” button.
What are Bitcoin ATM Fees?
Bitcoin ATMs charge fees to cover the costs of running and maintaining the machines. These fees help pay for expenses such as rent, machine upkeep, and transaction processing. Another reason for these fees is the speed and convenience they offer. Unlike traditional exchanges that may take days to process transactions, Bitcoin ATMs allow users to buy or sell Bitcoin almost instantly.
RockItCoin Bitcoin ATM Daily Limits
Bitcoin ATMs have limits on how much you can buy or sell each day. At RockItCoin Bitcoin ATMs, the minimum transaction amount is $10. The maximum daily limit in most states is $25,000 in a 24-hour period. However, some states (such as Connecticut and California) have individual restrictions on daily limits. If you have questions about the daily limits at RockItCoin ATMs, please contact our customer support.
Start Using RockItCoin Bitcoin ATMs Today
Bitcoin ATMs are a fast and secure way to buy or sell Bitcoin. Whether you’re buying Bitcoin for the first time or cashing out some crypto, RockItCoin ATMs make it easy.
Find a RockItCoin Bitcoin ATM near you and start today!
Frequently Asked Questions About Using a Bitcoin ATM
This blog was originally published on May 1, 2024, and was updated on February 18, 2025, to include the most recent information.
