What is Bitcoin? How to use the Bitcoin machine to buy and sell Bitcoin? Bitcoin is considered to be the first and most famous cryptocurrency. In 2009, one person or group of people named after this name created it. It can be said that its characteristics are more like commodities than traditional currencies. This is reflected in the fact that it is now more used as a form of investment than as a means of payment. As of June 2018, there are about 17 million Bitcoins in circulation (perhaps only 21 million are limited). Traders can buy Bitcoin through the exchange, and can also speculate on its price trend through price difference contracts and spot trades. When you are in the United States or other developed countries, you may see Bitcoin machines in some places. Do you know how to use the Bitcoin machine to buy and sell Bitcoin? Let's take a look.

How to use the Bitcoin machine?

Before explaining how to use Bitcoin machines, you must understand what Bitcoin ATM machines are. ATM is similar to ordinary ATM because it is a physical kiosk. Of course, it differs from the typical ATM in that it allows users to buy Bitcoin in exchange for cash or debit card.

Bitcoin ATMs, like cryptocurrency exchanges and some statutory ATMs, charge fees. This is usually between $12 and $25, and varies according to a variety of factors, including cost, location and geographical location.

Before any movement, you must check the working mode of the machine, because the working mode of the machine varies according to the model and location.

After finding the Bitcoin ATM, you need to perform the following operations:

1. Enter your phone number

2. Verify your identity by entering OTP

3. Scan your wallet QR code

4. Insert your legal currency

5. Confirm the amount and complete the transaction

This is a step-by-step process of how to use the Bitcoin machine.

How do I buy Bitcoin at Bitcoin ATM?

If you want to purchase BTC in Bitcoin Machine, please read the following purchase steps.

1. Open an account with an ATM operator

2. Enter the necessary wallet information

3. Insert cash

4. Confirm purchase

Remember that not all Bitcoin ATMs are the same, and the steps required to use them may be slightly different.

How to sell BTC on Bitcoin ATM?

If you want to sell BTC in Bitcoin Machine, please read the following selling steps.

1. Find a two-way bitcoin ATM near you

2. Open an account with an ATM operator

3. Prepare your wallet address to exchange your Bitcoin for cash

4. Log in to your account at Bitcoin ATM

5. Select the option to sell Bitcoin

6. Select the "Cash withdrawal" option and receive cash

Remember that not all Bitcoin ATMs are the same, and the steps required to use them may be slightly different.

In general, the above content details how to use the Bitcoin machine to buy and sell Bitcoin. However, most Bitcoin ATMs will charge a certain percentage of transaction fees as service fees, and each transaction has a minimum amount.