With Coinhub Bitcoin ATMs, customers can register and purchase Bitcoin with cash.
Bitcoin is sent instantly to their wallet. Coinhub is the leading Bitcoin ATM operator with the fastest growing and the most installs of new locations each month for the past few quarters, according to a news release.
Cryptocurrencies have become increasingly popular in recent years, with Bitcoin being the most well-known and widely used digital currency. Despite the rise in popularity of Bitcoin, many people are still unsure about how to buy and sell this digital asset. Coinhub Bitcoin ATMs are a convenient and secure way to buy Bitcoin with cash, and in this article, we’ll take a closer look at how to use a Coinhub Bitcoin ATM to buy Bitcoin.
One of the main advantages of using a Coinhub Bitcoin ATM is the convenience it offers. Unlike traditional cryptocurrency exchanges, which can be time-consuming and complicated to use, Coinhub Bitcoin ATMs make it easy to buy Bitcoin with cash. This is especially useful for people who prefer to use cash, or who don’t have access to a bank account or credit card.
To use a Coinhub Bitcoin ATM, the first step is to locate the nearest one. Coinhub Bitcoin ATMs are typically located in public places like convenience stores, gas stations, and shopping malls. Once you’ve found the nearest Coinhub Bitcoin ATM, you’ll need to follow these steps to buy Bitcoin:
Step 1: Choose the amount of Bitcoin you want to buy
Coinhub Bitcoin ATMs offer purchases for registered customers for up to $25,000. Choose the amount that you want to buy and make sure you have enough cash to complete the transaction. The machines accept denominations of 20, 50, and 100.
Step 2: Scan your Bitcoin wallet QR code
Before you can buy Bitcoin, you’ll need a Bitcoin wallet to store it in. If you don’t already have a Bitcoin wallet, you can download the partnered Coinhub Bitcoin Wallet. Once you have a Bitcoin wallet, you’ll need to scan your wallet’s QR code using the Coinhub Bitcoin ATM’s scanner.
Step 3: Insert cash into the ATM
Once you’ve scanned your wallet’s QR code, the Coinhub Bitcoin ATM will display the amount of Bitcoin you can buy with the cash you’ve inserted. Insert the cash into the ATM one bill at a time and wait for the transaction to be completed.
Step 4: Check your Bitcoin wallet
Once the transaction is complete, you’ll receive a confirmation message on the Coinhub Bitcoin ATM’s screen. Check your Bitcoin wallet to make sure that the Bitcoin has been deposited into your account.
Buying Bitcoin with cash at a Coinhub Bitcoin ATM is a convenient and secure way to invest in this popular digital currency. To use a Coinhub Bitcoin ATM, simply locate the nearest one, choose the amount of Bitcoin you want to buy, scan your Bitcoin wallet QR code, insert your cash, and check your Bitcoin wallet for confirmation of the transaction. With Coinhub Bitcoin ATMs, buying Bitcoin has never been easier or more convenient.
Source: Coinhub Bitcoin ATM