How to Sell Crypto at a Bitcoin ATM
How to Sell Crypto for Cash at a CoinFlip Bitcoin ATM
In This Article You'll Learn How to Convert Bitcoin and other Crypto to Dollars at a Bitcoin ATM
Selling Bitcoin at a Bitcoin ATM is one of the fastest ways to convert cryptocurrency into cash. With a CoinFlip Bitcoin ATM, you can send your BTC, Litecoin, Solana, or Ethereum (in Australia) from your wallet and withdraw cash at the machine once the transaction is confirmed. The process is secure, straightforward, and supported by CoinFlip’s 24/7 customer support team if you ever need assistance.
The process usually takes only a few minutes and can be completed at thousands of CoinFlip locations across the United States, Canada, New Zealand, South Africa, and Australia.
This guide explains how to withdraw cash using your Bitcoin at a Bitcoin ATM step-by-step, what fees to expect, and how to find a CoinFlip ATM near you that supports crypto sales.
How to Find a Bitcoin ATM
First, locate an ATM! Enter your address or zip code into our ATM locator to find the nearest locations. To find an ATM where you can sell your cryptocurrency, check the “Sell” box under the search bar. Look for the purple markers on the map indicating these locations.
CoinFlip operates one of the largest networks of Bitcoin ATMs, making it easy to find a machine nearby where you can buy or sell cryptocurrency quickly and securely.
What is the Difference Between Buy and Sell ATMs?
Buy ATMs have one function, so they're smaller and simpler, which means they're easier to service, break down less often, require less energy, can hold more cash, and take up less floor space.
Buy/Sell ATMs can do everything a Buy ATM can, but they can dispense cash as well, which requires a whole different stack of machinery. Because they're bigger and more complicated, Buy/Sell machines aren't as common as Buy-only machines.
CoinFlip’s Buy/Sell machines allow you to convert cryptocurrency into cash in just a few steps, making them a convenient option if you want immediate access to funds.
How to Sell Through CoinFlip ATMs
When you arrive at the ATM, select the cryptocurrency you’d like to sell. The available coins vary by country:
Next, the ATM will present CoinFlip’s Terms of Service. You will also see a warning against participating in scams. All crypto transactions are final and irreversible, even if fraudulent. Make sure to read the Terms of Service carefully and stay vigilant.
Sell Limits and You
After accepting the Terms of Service, select how much crypto you’d like to sell. For most locations you’ll have two options, but it varies by region:
Up to $960
More than $960
For transactions up to $960, you’ll need to input your name, date of birth, and phone number. You’ll receive a One Time Passcode via text to verify your phone number, then you can proceed.
For transactions over $960, the ATM will still ask for your name, birth date, and phone number, and you’ll need to enter the One Time Passcode. Additionally, you’ll receive a link via text to our identity verification partner, Veriff. Follow the prompts on the Veriff website, including taking photos of your ID and a selfie. You may need to call our Customer Support team to complete your registration.
After registration, you’ll have a daily transaction limit of $2995.00*, and you’ll be ready to sell at the ATM.
*Limits can vary by location. For questions, call our 24/7 Customer Support team at 877-757-2646.
Hey! Did you know: You can pre-register your account from home on our website and receive a 30% discount on transaction fees.
Fees
Fees for selling at CoinFlip Bitcoin ATMs vary by location but are generally around 5%. All fees will be displayed in the price of the cryptocurrency being sold, so you can see the full exchange rate before completing your transaction.
If you have a discount code, it will be subtracted from your transaction fees.
In Australia, where you can sell Ether, you will also need to pay Ethereum gas fees.
Cash Dispensing
Specify the amount of cash you’d like to withdraw and click “Sell.”
The ATM’s QR code will appear on screen, along with the specific amount of crypto you need to send. If you miss the QR code, you’ll receive a text with the ATM’s wallet address and the amount of crypto to send.
Scan the QR code with your crypto wallet and use the “Send” function to send the exact amount of crypto specified. Ensure you’re not sending an amount in dollars or local currency to avoid errors. You have a 45-minute window to complete the transaction.
After sending the required amount of crypto, wait for a text confirming your funds are ready for withdrawal. Once confirmed, select “Redeem” on the ATM and re-verify your phone number. Confirm your transaction and collect your cash.
You’ll receive a receipt via text. If you don’t receive a receipt, request one by calling Customer Support.
That’s It!
While it may seem like a lot, breaking down the process shows just how easy it is to sell crypto for cash at a CoinFlip Bitcoin ATM.
CoinFlip ATMs make it possible to turn your cryptocurrency into cash quickly, securely, and conveniently at thousands of locations across the country.
If you need any help, our Customer Support team is available 24/7 by phone at 1 (877) 757-2646 or email at [email protected].
Frequently Asked Questions
Can you sell Bitcoin at a Bitcoin ATM?
Yes. Many Bitcoin ATMs, including select CoinFlip machines, allow you to sell Bitcoin for cash. You send BTC from your crypto wallet to the ATM’s address and then withdraw cash from the machine after the transaction is confirmed.
How long does it take to sell Bitcoin at an ATM?
Most Bitcoin ATM sales take a few minutes to complete, though the exact time depends on blockchain confirmations and network conditions.
What cryptocurrencies can you sell at CoinFlip ATMs?
In the United States, CoinFlip ATMs allow you to sell Bitcoin (BTC), Solana (SOL), and Litecoin (LTC). In Australia, Ethereum (ETH) is also supported.
What fees do Bitcoin ATMs charge when selling crypto?
Fees vary by location but are typically around 5% at CoinFlip ATMs. The full exchange rate and fees are displayed before you confirm the transaction.
Do all Bitcoin ATMs allow selling crypto?
No. Some Bitcoin ATMs only allow purchases. To find one that allows selling, use the CoinFlip ATM locator and select the “Sell” filter.
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