How Crypto ATMs Work
Buy Cryptocurrencies instantly and securely. Whether you’re new to digital currencies or an experienced trader, our user-friendly Bitcoin ATMs make the process simple and hassle-free. Learn how crypto ATMs work and how to buy or sell Bitcoin and other cryptocurrencies using cash or your digital wallet. With 24-hour Bitcoin access at select locations, you can trade anytime, knowing your transactions are fast, secure, and reliable.
What is a Crypto ATM?
A crypto ATM is a stand-alone electronic kiosk that allows users to buy and sell cryptocurrencies like Bitcoin, Ethereum, and Litecoin using cash. Unlike traditional ATMs, which connect to a bank account, Bitcoin ATMs connect directly to the internet to facilitate cryptocurrency transactions. These machines link to cryptocurrency exchanges to provide real-time exchange rates and ensure secure transactions.
How Do Bitcoin ATMs Work?
Bitcoin ATMs are designed to make cryptocurrency transactions quick and user-friendly. To buy Bitcoin or other cryptocurrencies, users select their desired cryptocurrency, scan their wallet QR code, and insert cash. For those who wish to sell cryptocurrency, users can send crypto from their digital wallet to the ATM and receive cash in return. These machines eliminate the need for lengthy online processes, allowing you to purchase or sell crypto in minutes.
How Does a Crypto ATM Work?
step 1
Tap to Begin
Follow the on-screen instructions to get started. Select the icon of the cryptocurrency you wish to buy - Bitcoin, Ethereum or Litecoin. Our system ensures real-time exchange rates so you know exactly what you’re getting.
step 2
Scan your Wallet QR Code
Hold your wallet QR code on your phone up to the scanner located on the machine. Ensure your QR code is clearly visible, and your phone’s brightness is set to maximum for easy scanning.
step 3
Insert Cash
Insert the amount of cash you wish to convert into cryptocurrency, and the machine will calculate the equivalent value instantly. Our crypto ATMs accept either USD or CAD.
step 4
Select 'Buy' to Complete your Purchase
Send yourself a receipt. While the blockchain serves as a public ledger for all transactions, having a receipt makes it easier to track your purchase details, such as the date, amount, and transaction ID. Congratulations - you just bought cryptocurrency from Bitcoin Central!
Transaction Limits
Depending on the amount per transaction, there are different limits. These limits are typically set to comply with local regulations and ensure secure transactions. Understanding how a crypto ATM works can help you plan your transactions effectively.
| $900/Transaction | $9000/Wallet Every 24h |
|---|---|
Transactions are limited to $900 CAD per transaction. Once this amount is reached in a single transaction (either in CAD or the USD equivalent), the ATM will stop accepting bills, and the customer must complete their purchase or sale of cryptocurrency. | Clients may complete multiple transactions to a cryptocurrency address. Total transactions are limited to $9,000 CAD (or the USD equivalent) per wallet address per 24-hour period. Many Bitcoin Central customers prefer to complete multiple transactions consecutively – thus, Bitcoin Central does not charge transaction fees at any of our ATMs. |
Benefits of Using a Bitcoin ATM
Bitcoin ATMs offer multiple advantages for both beginners and experienced cryptocurrency users:
Ease of Use
With an intuitive interface, crypto ATMs make it simple for anyone to buy or sell Bitcoin, even if they are new to cryptocurrency.
Accessibility
Bitcoin ATMs are conveniently located in public spaces, making it easy for users to access cryptocurrency without needing a traditional bank account.
Fast Transactions
Transactions are completed within minutes, thanks to real-time exchange rates and instant blockchain confirmations.
Privacy Options
Depending on the operator and transaction amount, minimal verification might be required, allowing for quicker transactions.
Flexibility
Bitcoin ATMs support multiple cryptocurrencies, including Bitcoin, Ethereum, and Litecoin, giving you the option to diversify your holdings.
24-Hour Availability
Many Bitcoin ATMs operate 24/7, providing round-the-clock access to buy or sell crypto.
Bitcoin ATMs are an ideal solution for anyone looking to trade cryptocurrency efficiently and securely. By understanding how crypto ATMs work, you can access digital currencies whenever you need them.
Find your local Bitcoin ATM
Bitcoin Central ATMs are trusted across Canadian cities like Vancouver, Calgary, Toronto, Ottawa and many others. Our extensive network ensures that cryptocurrency users have easy access to buy or sell Bitcoin and other cryptocurrencies. Use our ATM locator to find the closest one to you.
Have Questions?
Contact Us Today.
If you have questions about how to buy and sell Bitcoin and other cryptocurrencies, get in touch. The owner of Bitcoin Central answers every phone call, email and text as soon as possible.
