Using a Bitcoin ATM doesn’t have to be as hard as you think; it’s quite like using regular cash ATMs anywhere.
Earlier,of course, the situation was different. To buy online, you would need to register in a crypto exchange. Registration wasn’t an easy process and approvals took a while. Plus, the threats of exchanges getting hacked were always high.
Now, with crypto ATMs slowly making their presence felt in various states, people are slightly more open to the idea of crypto transactions. To them, using a Bitcoin machine seems less complex and hassle-free than going through brokerage platforms and crypto exchanges.
How easy is it to buy and sell Bitcoins through an ATM in Tennessee?
If you are in the state of Tennessee and looking for an easy way to transact your first cryptos, look for a “Bitcoin ATM in Tennessee”. You will find quite a few options to choose from; choose one closest to your home or office for convenience.
- Before using an ATM, you need to download a digital wallet for storing the Bitcoin on your smartphone.
- You need to sign up for an account at any ATM operator’s website for using their machines. This is usually a criterion demanded by Bitcoin ATMs. For this, you simply need to scan your ID. Account creation for using a crypto ATM is much simpler and faster.
- You are prompted for your wallet details at the ATM. This is made possible either through a QR code or an alphanumeric code that is sent to your mobile phone. When you don’t already have a wallet, you may print one at the kiosk itself. This is for importing the coins into the wallet.
- Your next job is to insert the cash for converting this to BTC. The amount you have put into the machine and the equivalent amount of BTC you buy are shown on the screen for your benefit.
- The machine will then ask you to confirm this transaction. Once you do so by clicking on the “submit” button, the correct number of Bitcoins will be transferred to your wallet. It may take a few minutes for this to happen. Wait patiently and collect the receipt.
- Selling Bitcoins is done using just the reverse process where you choose the “sell” option instead of the “buy” option. Of course, you must ensure that the machine you have chosen is a two-way machine. Unidirectional machines won’t allow you to sell Bitcoins.
- After canning the ID to create an account and setting up a wallet address, you can select the option to sell your Bitcoins. Most machines will have a maximum and minimum amount that you can sell for each transaction.
- You choose the “withdraw” option to get cash by selling your cryptos. ATM machines will then dispense the cash.
These steps are common to most machines, but there may be slight differences. However, instructions are easy-to-follow; so if you already use cash ATMs, this should be a cakewalk. Find a BTM near you to get started right away; crypto transactions have never been simpler!
