How to sell crypto at a Bitcoin ATM
Bitcoin ATMs are a great choice for converting your cash into bitcoin and other cryptocurrencies. But, did you know that some Bitcoin ATMs also allow you to sell your crypto in exchange for cash? If you’re looking for an easy and fast way to sell your crypto for cash, then you’re in the right place.
Bitcoin ATMs make selling cryptocurrency easy. Depending on the size of your transaction, all you need is a , a mobile phone, and some cryptocurrency to sell, and transactions only take a few minutes.
Below, find a step-by-step guide that explains how to sell your crypto for cash at a Bitcoin ATM.
Suggested reading: A Beginner’s Guide to Bitcoin
Selling cryptocurrency for cash at a Bitcoin ATM
Step 1 - Find a Bitcoin ATM near you
To sell crypto for cash at a Bitcoin ATM, you will first need to find your closest Bitcoin ATM that allows you to sell. When using the , be sure to apply the filter "Buy and Sell." Not all Bitcoin ATMs allow you to buy and sell crypto, which is why using this filter is essential.
Look for the purple location marker as it indicates that this machine can facilitate two-way transactions and allow you to both buy and sell bitcoin.
Step 2 - Select which crypto you want to sell
Currently, you can only sell bitcoin and litecoin at a CoinFlip ATM.
Step 3 - Accept the terms and conditions
Read and accept the Terms of Service in your own time, and know that all are final and non-refundable.
Step 4 - Enter your name and phone number
Step 5 - Select the amount you wish to sell
Depending on the machine, you will only be able to sell in increments of $50.
Step 6 - Send the crypto you are selling to CoinFlip
Next, the Bitcoin ATM will print a QR code receipt. Using your crypto wallet app, send the exact amount of crypto listed to the CoinFlip wallet address on the receipt.
Step 7 - Wait for the network confirmation
After sending the exact amount of crypto to CoinFlip, you must wait for one confirmation of your transaction on the . Once confirmed, you will receive an SMS stating that your funds are ready for withdrawal.
If it has been a few minutes and you haven't received a text message, please call customer service at (773)-800-0106.
Step 8 - Redeem cash
After you have received confirmation, you can redeem your receipt for cash at the ATM. Just scan the QR code on the ticket with the camera on the ATM. Once you have confirmed your identity by entering your phone number, the machine will dispense your cash.
Sell receipt tickets are only valid for 45 minutes after they are printed, so it is important to complete this transaction during this window of time.
If, for any reason, it has been longer than 45 minutes since the receipt was printed, please call customer service at (773)-800-0106, and they can revalidate the ticket for withdrawal.
What are the fees for selling crypto at a Bitcoin ATM?
CoinFlip charges a flat 4.99% fee for selling crypto for cash in addition to a minimum network fee of $1.99. All fees will be displayed in the price of cryptocurrency being sold.
Suggested reading: How much are Bitcoin ATM fees?
Using a Bitcoin ATM is one of the fastest, safest, and easiest ways to sell bitcoin and litecoin for cash.
Find a CoinFlip ATM near you to sell your crypto for cash today.