How to Buy or Sell Bitcoin at a Bitcoin ATM

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    The Best Binary Options Broker 2020!
    Good for Beginners!
    Free Education + Free Demo Account!
    Get Your Sign-Up Bonus Now!

  • Binomo
    Binomo

    Only For Experienced Traders!

Buy and Sell Bitcoin Instantly!

The Fastest Way To Buy Bitcoin With Cash

About BudgetCoinz

Budgetcoinz Provides A Network Of Bitcoin ATM’s Where You Can Buy and Sell Cryptocurrency With Cash

Buy Bitcoin

Visit one of our many ATM locations and buy up to $10,000 per day with cash.

Sell Bitcoin

Come exchange your Bitcoin for cash in less than 5 minutes. Our top of the line ATM’s can dispense cash on the spot.

Low Rates

We’re known to have the lowest rates around. Come find out for yourself!

Outstanding Customer Support

Talk to a real person that knows cryptocurrencies and can support you. Call us at (586) 519-0880

Buy & Sell Locations

Bitcoin, Litecoin, Ethereum or Bitcoin CASH

Bitcoin ATM Features

Instant Verification

Our automated systems verify your account so you can be up and running in a couple of minutes. Other sites can take days or weeks to approve your account.

Many Cryptos Offered

BudgetCoinz allows you to buy and sell four different cryptocurrencies. Bitcoin, Litecoin, Ethereum and Bitcoin CASH.

Secure

Your information and transaction details are encrypted & secured.

Transaction Speed

BudgetCoinz uses the fastest technology allowing your transactions to be processed immediately.

Convenient

BudgetCoinz provides the most convenient and easiest ways to buy and sell cryptocurrencies around Michigan. Most locations are open 24 hours, 7 days a week.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    The Best Binary Options Broker 2020!
    Good for Beginners!
    Free Education + Free Demo Account!
    Get Your Sign-Up Bonus Now!

  • Binomo
    Binomo

    Only For Experienced Traders!

Customer Support

We strive to provide you with the best customer support experience. Feel free to call or text us at 586-519-0880 or email us at [email protected]

Ways to Buy Bitcoin with BudgetCoinz

With Cash at a Bitcoin ATM

Just Like A Traditional ATM, You Can Buy And Sell Cryptocurrency Using Cash At One Of Our ATM’s.

Wire Transfer

Don’t Feel Like Visiting An ATM? Purchase Bitcoin By Wire Transfer Here.
$5,000 Minimum

Site Map

Contact Us

Phone: 586-519-0880
Email: [email protected]

Follow Us

Disclaimer
Price ticker values are generated by CoinMarketCap. You should always confirm current rates before making any transactions that could be affected by changes in the exchange rates. Cryptocurrency rates based on the data provided by exchanges APIs. All rates are subject to change without prior notice.

All Rights Reserved, © 2020 BudgetCoinz, LLC

Blog | Coin ATM Radar

Bitcoin ATM map – find locations easily

How to sell bitcoins using Bitcoin ATM

In our previous article we described how you can buy bitcoins using Bitcoin ATM, in this post we describe the process of selling bitcoins via ATM.

What you need to know is that not all machines support two-way operations, many still only allow to buy bitcoins, however according to our Bitcoin ATM Charts about 40% of all installed Bitcoin ATMs actually support sell operations. In order to find your nearest bitcoin machine where you can sell bitcoins – you can visit our bitcoin ATM map. Use “Crypto->Fiat” ticked in the bottom filter to show all locations where you can sell bitcoins (you need to have “Fiat->Crypto” unchecked in order to hide locations where you can only buy bitcoins).

Here is a list of Bitcoin machine types that normally support sell operations (some operators may disable sell operations, so you need to check before planning your trip):

  • Robocoin
  • Genesis Coin (only Genesis1 and Satoshi2 machines, Satoshi1 ATM is one-way only)
  • BitAccess
  • General Bytes (only BATMThree model, BATMTwo is one-way machine)

Some other manufacturers also support sell operations in their machines, however the mentioned above represent the majority of installed units on the market.

General

When you sell bitcoins for cash using Bitcoin ATM, there are several general steps you need to go:

  • Verification step (optional, but normally for sell operations the operator will require you to identify yourself, however the identification procedure may vary for different machine types, or even operators running similar machines)
  • Send bitcoins to the given by bitcoin ATM QR code
  • Depending on the settings you will either get cash out of the machine immediately (may be set for small amounts), or you will be given the redeem code and need to wait for bitcoin transaction confirmations (normally 1 confirmation is used, but depends on the machine and operator, e.g. wallet update of Robocoin ATMs required customers to wait for 6 confirmations before they can get cash)

Robocoin

UPD: Robocoin bitcoin ATM producer has closed activity. There are still several Robocoin type kiosks installed at various locations, however, most of them switched to a different swoftware. So although the machine looks the same, the UI of the selling bitcoins process changed a lot. Most of such machines switched to General Bytes software and now the process of selling bitcoins there is similar to the one of BATMThree model from General Bytes (see below).

Here is how selling bitcoins worked at original Robocoin kiosk:

This is the first two-way Bitcoin ATM type that is installed in many countries at the moment. However, Robocoin has received many complaints from users due to its complicated buy and sell bitcoin procedure. The machines had biometric palm vein scanner and the whole process, especially the first registration, was quite complicated. Recently, following the market requirements the Robocoin company announced that they plan to remove palm vein scan step.

On the other hand, with recent update of software Robocoin made it mandatory for operators to use Robocoin’s proprietary wallet solution, which means that customers’ funds are stored at Robocoin. Since November 2020 Robocoin has switched all operators to their new Wallet 2.0. The operators who were not willing to proceed with the update, had to switch to something else, e.g. Satoshipoint integrated Lamassu software into their machines. At the moment they support only buy bitcoins operation, but sell operations are planned for the nearest future.

So, if you are going to use Robocoin kiosk you need to clearly understand that even on the same hardware the software may vary and the process will be different.

When you want to sell bitcoins at Robocoin (native software) you need first to create a wallet at Robocoin. In the previous article we covered the steps how to create Robocoin wallet.

Now, before you can cash out your bitcoins using Robocoin ATM you need first to have bitcoins in your wallet. So if you have them in your own wallet, you need first to transfer it to Robocoin. Here are the steps:

  • Tap “Receive” option on the screen (when you are logged in to your wallet)
  • You will be provided with QR code for depositing bitcoins
  • Send bitcoins to this address
  • Wait 6 confirmations, which Robocoin takes to accept the transaction

Be prepared to wait about 1 hour between you transferred bitcoins to Robocoin machine and the moment you can actually withdraw cash. However, if you already have funds within Robocoin wallet, the selling of bitcoins for cash is quite fast.

So after your funds are in Robocoin wallet, all you need to do is:

  • Sign in to Robocoin ATM (phone and PIN, verification code)
  • Tap “Withdraw” button
  • Choose the cash amount you want to withdraw and click “Finish”
  • Get the receipt and cash

The process is demonstrated in the following video:

Genesis1 machine from Genesis Coin

This is a two-way Bitcoin ATM, which you also can find at many locations. If you think about running a Bitcoin ATM you may be interested to read the Genesis1 review.

The sell bitcoins procedure in this type of ATM may vary as the ATM supports white-labeling, so what you see on the screen may be different from operator to operator. Here is an example of selling bitcoins using Bitcoinnect ATM in China:

  • Choose withdraw cash
  • Choose Bitcoin (these machines normally may support other cryptocurrencies)
  • Choose amount to withdraw
  • Send bitcoins to given address QR code
  • Receive cash immediately as bitcoins transaction is propagated on the network

The following video demonstrates the process:

However the machine itself supports several verifications including phone verification and finger scan, and some operators may have these features enabled, so be prepared.

BitAccess

BitAccess is another popular Bitcoin ATM, which supports sell bitcoin operations. Here is a standard procedure you are asked to follow in order to exchange bitcoins for cash:

  • Provide your mobile number
  • Enter received verification code
  • Choose “Sell bitcoins”
  • Enter the amount
  • Send bitcoins to given address QR code
  • Get cash
  • Optionally you can print the receipt for the transaction

The following video illustrates this process:

General Bytes BATMThree bitcoin ATM

There are two different types of bitcoin ATMs from General Bytes: BATMTwo (one-way) and BATMThree (two-way as on picture above).

In order to sell bitcoins at this machine one has to go over the following steps:

  • Choose “Sell bitcoins” option in the menu
  • Define amount of transaction to sell (depending on the amount different verification procedures might apply, e.g. no checks, mobile check by SMS, finger print scan, ID doc scan, all this varies from operator to operator and you need to check it before using the machine).
  • Then a receipt will be printed, which will contain a bitcoin address whereto particular amount of bitcoins to be sent. Also in the same QR code there is a redeem code add, which will be used later for getting cash from bitcoin ATM.
  • So send bitcoins to the given address and wait depending on how many confirmations you are required to wait by operator.
  • Then use the machine again, now choose “Redeem ticket” option to start and scan the same QR code from receipt, you will be given cash immediately.

Here is how a printed redeem receipt looks like:

BATMThree redeem receipt

The process of selling bitcoins at this type of machines is demonstrated in the following video by Karel from General Bytes (check the second part of the video):

You can find the nearest Bitcoin ATM to you using our Bitcoin ATM Map.

Found this article useful? Subscribe to our Twitter channel @CoinATMRadar and we will keep you updated about new posts.

42 thoughts on “ How to sell bitcoins using Bitcoin ATM ”

hi there is something wrong with the BTM in columbus at the backroom barbershop salon. they said machine is just a black screen… please fix so i can withdraw cash!

Hello, we are not affiliated with this bitcoin machine. You may want to contact the operator of this machine Midwest Bitcoin – find more details on the Columbus bitcoin ATM page.

fingerprints phone numbers I thought btc was secure that sounds tracked please enlighten me

First of all these checks are not applied everywhere. Although machines are equipped with fingerprint scanner, I hardly know an operator who uses this feature.

Some machines do have phone verification, ID scan option activated. This is due to the fact that operators run their business in particular legal field, where they are obliged to do KYC/AML.

Fair to say, that many machines don’t have verifications at all, so in this case the purchase/selling of bitcoins is much more anonymous. So it is about to find a right place for you depending on how you are going to use bitcoins later.

How do I find out which mchines are more anonymous?

You can check description on each listing in your area (“Limits and verifications” section). Operators usually put some information there.
As you are commenting to the post for “selling bitcoins” – just for your information, usually purchasing can be more anonymous, for sell operations operators would like to verify/identify the user more often.
But you need to research machines in your location in case you find something fitting your requirements.

So I guess it´s not necessary to be from the same country where te ATM is located in order to withdraw cash?

Normally not, it is not important as long as you can pass verifications from operator.
It is better to contact operator of particular machine you want to use beforehand.

For selling btc on a General Bytes machine can I just use the smart phones wallet? Also to get anything over the 1k up to 5k what does registration consistent of? O r could I jsut sell 1k more then once in the same day? or would I need someone else finger to do that? Thank You.

> can I just use the smart phones wallet

For selling bitcoins at General Bytes you need to use BATM3 model, BATM2 supports only buying. The process of selling bitcoins is illustrated in the video above in the post (see last part of the video). So when you chose “sell bitcoins” option – machine will print a receipt with QR code of address where to send bitcoins and also redeem code. You can send bitcoins to this address using any software. You can use your wallet on mobile, or desktop wallet – it doesn’t matter. Machine only cares that transaction is on the blockchain and proper amount of confirmations is received (number of confirmations is set by operator, normally anywhere between 1-3). So when confirmations are there – you can go to machine, scan redeem code and get cash out of machine.

> Also to get anything over the 1k up to 5k what does registration consistent of?

Verification procedures and limits might vary significantly depending on operator and also country of operation as regulations are different. You need to check particular location which you want to visit. Start with checking listing of this machine on our site or contact operator for details. Normally operators use phone verification by SMS for smaller amounts, and ID scan for higher volume. Fingerprints are rarely used.

> or would I need someone else finger to do that?

If there is a fingerprint activated at a machine – probably phone by SMS check is also available prior to fingerprint scan, so in this case another person needs also to verify phone. But do check machine first, as it is normal when one person can buy more than 1K per day with properly done KYC vertifications. So it is highly likely you don’t need to ask anybody else for selling another portion of bitcoins.

My area (Atlantic Canada) has NO machines and I would like to know more about how to procure one in the Capital of the Maritimes to help close this gap. I have been scanning all over this page and have yet to see any numbers or plans for this. Please reach out to my email on file with more details when you can please.

Bitcoin ATMs

What is a Bitcoin ATM?

Bitcoin ATM (abbreviated as BATM) is a kiosk that allows a person to buy Bitcoin using an automatic teller machine. Some Bitcoin ATMs offer bi-directional functionality enabling both the purchase of Bitcoin as well as the sale of Bitcoin for cash. Bitcoin machines are not exactly the same as traditional ATMs but work in a similar fashion.

Bitcoin ATM kiosks are machines which are connected to the Internet, allowing the insertion of cash or a credit card in exchange for Bitcoin. They look like traditional ATMs, but they do not connect to a bank account and instead connect the customer directly to a Bitcoin exchange for a localized and convenient way to purchase Bitcoin in person. Common locations for Bitcoin ATMs are inside of a retail store, shop, tavern, restaurant, mall or airport. Keep reading to find out how Bitcoin ATMs work.

Get your Bitcoin ATM today

Bitcoin.com has for sale a limited number of Bitcoin ATMs for any business that is interested in installing a Bitcoin ATM to your location to increase your revenue. We offer competitive pricing and have a special deal for any business that wants to lock-in their ATM to Bitcoin Cash (BCH) only.

The Bitcoin ATM features a 1-way or 2-way model, 21 inch screen, barcode scanner, thermal printer, EMV card reader, HD camera, optional cash dispenser, and an electronic locking system.

Bitcoin ATM Providers

ATM providers are third-party companies that sell the machines to merchants that want to install an ATM for their business. Adding an ATM to your location is one of the best ways to increase revenue for your business.

Bitcoin Depot

Bitcoin Depot is the fastest growing multi-cryptocurrency ATM Network offering users the ability to buy and sell Bitcoin instantly at hundreds of locations across the United States.

Bitnovo

Bitnovo produces and sells Bitcoin ATM’s which also have the option to sell Bitnovo vouchers to redeem on the Bitnovo website. Customers do not need to register and enjoy a wide range of benefits.

BitVending

Brazilian company CoinWise has a brand of ATM’s called BitVending. The company produces ATM kiosks and also installs them. BitVending supports both buying and selling of Bitcoin.

Cryptospace

Cryptospace ATMs are the first of their kind to incentivize customers to buy and sell cryptocurrencies with built-in cash balancing system eliminating the need for armored services to move cash.

General Bytes

GENERAL BYTES brings Android, Bitcoin and blockchain based technologies to new and unexpected places. Our mission is to become world’s leading bitcoin and blockchain technology provider.

Genesis

Genesis is the premier provider of autonomous vending solutions for the digital asset space. Our machines make cryptocurrency simple for everyone. No math degree required.

Lamassu

In 2020 we invented, designed and shipped the world’s first Bitcoin ATM, which we called the Bitcoin Machine. Five years later, with a bustling cryptomat industry, we present a whole new level of multi-cryptocurrency machine.

LocalCoin

Localcoin is a Toronto-based company whose mission is to provide a simple buying/selling experience of digital currency for customers while upholding privacy across Canada.

Netcoins

Netcoins’ software turns any device (computer, iPad, iPhone) into a Virtual Crypto ATM. With Netcoins Virtual Crypto ATM, you can just use existing wifi-enabled devices.

Satoshiware NQ

Satoshiware NQ wants to help grow North Queensland into a Bitcoin Cash friendly community and position the region at the forefront of technology.

Bitcoin ATM Map

There are 1400+ ATMs worldwide. Use the map to find Bitcoin Cash ATM locations near you.

Bitcoin Cash ATM Map brought to you by Coin ATM Radar.

Merchants looking for payment gateway & point of sale information

visit our Merchant Solutions page for details!

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    The Best Binary Options Broker 2020!
    Good for Beginners!
    Free Education + Free Demo Account!
    Get Your Sign-Up Bonus Now!

  • Binomo
    Binomo

    Only For Experienced Traders!

Like this post? Please share to your friends:
Binary Options Trading
Leave a Reply

;-) :| :x :twisted: :smile: :shock: :sad: :roll: :razz: :oops: :o :mrgreen: :lol: :idea: :grin: :evil: :cry: :cool: :arrow: :???: :?: :!: