As cryptocurrencies gain more and more adoption around the world, Bitcoin ATMs have become increasingly popular. CoinHub is one such Bitcoin ATM that allows users to buy or sell Bitcoins with ease, speed, and security. If you’re new to using CoinHub’s Bitcoin ATM machine or any other BTMs out there, this in-depth guide will give you all the information you need to know.

What is a bitcoin ATM?

What is a bitcoin ATM?

A bitcoin ATM (BTM) is essentially an automated teller machine specifically designed for cryptocurrencies such as Bitcoin. These machines allow people to buy and sometimes sell digital assets securely and quickly with cash or a debit/credit card.

CoinHub has set up different forms of its Bitcoin ATMs across many locations worldwide. The company’s mission is to make buying bitcoins easy through flexible payment methods because they believe everyone should be able to invest in cryptocurrency from anywhere at any time.

Steps on how to use your Coinhub BTM

Steps on how to use your Coinhub BTM

1) Locate the nearest Coinhub BTM:

Start by locating the nearest location where there is a Coinhub BTM machine near you. You can visit their website at https://coinhub.io/#locations for an interactive map showcasing all available machines globally labeled “Locations.” Additionally, it’s essential first checking each of these kiosks’ operating hours before visiting them physically or contacting customer support if applicable.

2) Enter your phone number:

When choosing whether ‘buy crypto’ or ‘sell crypto’, customers are prompted firsts offscreen prompts asking for your phone number which creates a unique account ID for tracking transactions on the blockchain network once completed

3) Choose either Buy/Sell Crypto Option:

After entering your contact details,s select either ‘Buy Crypto.’ Users interested in selling their cryptocurrencies will opt-out by clicking on Sell crypto options instead of this menu next screen alerts user pays attention when making purchases/sales during processing may incur fees depending transactional type chosen (BTC/BCH/LTC/ETH.

4) Follow the On-Screen Prompts:

Depending on your selected option, follow the prompts that appear after clicking Buy or Sell. The BTM will give you all the necessary steps to go through to complete your bitcoin transaction successfully. Please ensure you read and understand each instruction before acting on it for better results.

5) Scan Your QR Code:

After selecting either ‘Buy Crypto’ _or__ ‘Sell Crypto,’ a prompt pops up asking users to scan their wallets’ unique QR code into which Bitcoin is deposited post-transaction (users may create new wallets manually if preferred).

6) Cash Insertion:

Insert cash notes into the machine starting from a minimum of $20 up to $10,000 per transaction though daily limits apply; strictly adhere to ATM instructions regarding banknote orientation, number of bills allowed in one deposit, and input method acceptable (e.g. flat/crisp/crumpled).

7) Confirmation Screen:

Once completed with other earlier stages mentioned above with no errors, next displays confirmation screen containing order details prompting customers confirm whether they are ready execute purchase/sell bitcoin Orders only confirmed by pressing “Continue” Button at this point system confirms transaction within 60 seconds successful/unsuccessful.

8) Transaction Receipt Printing:

Finally, paper receipts for any orders executed on CoinHub’s kiosks print at send receipt functionality printers attached terminals make sure keep these securely least end month during reconciliation needs arise following activities performed management purposes such accounting/taxes auditing requirements applicable jurisdiction regulation governing cryptocurrencies people countries consult financial advisors regards tax implications cryptocurrency investments proof income/dividends/etc

Conclusion

Using Coinhub’s BTM makes buying or selling Bitcoin very seamless and straightforward. However, before proceeding with your transactions always read and familiarize yourself with all information presented via an interactive tutorial available onsite help desk attendants when feeling uncertain about different options presented—also stay updated current market changes that might affect prices movements one’s favorite currencies targeted investments.
As cryptocurrency gains more adoption around the world, Bitcoin ATMs have become increasingly popular. Among them is CoinHub, a company that has set up different forms of its Bitcoin ATMs across many locations worldwide. These machines allow people to buy and sell digital assets securely and quickly with cash or a debit/credit card.

If you’re new to using CoinHub’s Bitcoin ATM machine or any other BTMs out there, this in-depth guide will give you all the information you need to know.

Firstly, it’s important to understand what a bitcoin ATM is. A bitcoin ATM (BTM) is essentially an automated teller machine specifically designed for cryptocurrencies such as Bitcoin. These machines enable individuals to buy and sometimes sell digital assets securely and quickly with cash or a debit/credit card.

To use Coinhub’s BTM, start by locating their nearest location near you using the interactive map showcased on their website under “Locations.” Once identified, check its operating hours before visiting physically or contacting customer support if applicable.

After identifying the location of your selected BTM kiosk, follow these steps:

Step 1 – Enter your phone number: When choosing whether ‘buy crypto’ or ‘sell crypto’, customers are prompted first off-screen prompts asking for your phone number which creates a unique account ID for tracking transactions on the blockchain network once completed.

Step 2 – Choose either Buy/Sell Crypto Option: After entering your contact details select either ‘Buy Crypto.’ Users interested in selling their cryptocurrencies will opt-out by clicking on Sell crypto options instead. Please note that during processing transactions may incur fees depending on transactional type chosen (BTC/BCH/LTC/ETH).

Step 3 – Follow the On-Screen Prompts: Depending on your selected option, follow the prompts that appear after clicking Buy or Sell. The BTM will give you all necessary steps to go through completing bitcoin transaction successfully; ensure reading understanding each instruction before acting better results.

Step 4 – Scan Your QR Code: After selecting either ‘Buy Crypto’ or ‘Sell Crypto,’ a prompt pops up asking users to scan their wallets’ unique QR code into which Bitcoin is deposited post-transaction (users may create new wallets manually if preferred).

Step 5 – Cash Insertion: Insert cash notes into the machine starting from a minimum of $20 up to $10,000 per transaction though daily limits apply; strictly adhere to ATM instructions regarding banknote orientation, number of bills allowed in one deposit and input method acceptable (e.g., flat/crisp/crumpled).

Step 6 – Confirmation Screen: Once completed with other earlier stages mentioned above with no errors, the next display confirmation screen containing order details prompting customers confirm whether they are ready executes purchase/sell bitcoin. Orders only confirmed by pressing “Continue” Button at this point system confirms transaction within 60 seconds successful/unsuccessful.

Step 7 – Transaction Receipt Printing: Finally, paper receipts for any orders executed on CoinHub’s kiosks print at send receipt functionality printers attached terminals make sure keep these securely least end month during reconciliation needs arise following activities performed management purposes such accounting/taxes auditing requirements applicable jurisdiction regulation governing cryptocurrencies people countries consult financial advisors regards tax implications cryptocurrency investments proof income/dividends/etc

In conclusion, using Coinhub’s BTM makes buying or selling Bitcoin very seamless and straightforward. However, before proceeding with your transactions always read and familiarize yourself with all information presented via an interactive tutorial available onsite help desk attendants when feeling uncertain about different options presented—also stay updated current market changes that might affect prices movements one’s favorite currencies targeted investments.