How to sell crypto for cash at a Bitcoin ATM?

Locating a Bitcoin ATM Nearby

1. Use online directories such as CoinATMRadar or Bitcoin ATM Map to search for machines within your city or zip code.2. Filter results by supported cryptocurrencies, transaction limits, and fee percentages to identify suitable options.3. Verify operating hours and accessibility before traveling—some ATMs are indoors at convenience stores, while others sit in malls or gas stations.4. Check recent user reviews for reliability, uptime, and staff assistance availability during cash withdrawals.5. Confirm whether the machine supports two-way functionality—many only allow purchases, but cash-out capability is essential for selling.

Preparing Your Digital Wallet and ID

1. Ensure your crypto wallet contains the exact asset accepted by the ATM—most support BTC, ETH, LTC, and BCH, but not all tokens are compatible.2. Transfer funds from an exchange or cold storage to a mobile wallet with QR code export capability; hardware wallets usually require intermediate transfer to software-based apps.3. Have government-issued photo identification ready—passports, driver’s licenses, or national ID cards are commonly required for KYC compliance.4. Enable biometric login or PIN access on your phone to speed up wallet scanning and reduce exposure time during public transactions.5. Double-check that your wallet address matches the one displayed on the ATM screen before confirming any transfer—reversals are impossible once sent.

Executing the Sell Transaction

1. Select “Sell Crypto” or “Cash Out” on the ATM interface—some devices label this option differently, like “Convert to Cash” or “Withdraw Funds.”2. Scan your wallet’s receive QR code using the built-in camera; avoid manual entry due to high error risk and potential loss.3. Enter the amount of cryptocurrency you wish to sell—the machine may display real-time USD equivalent based on current market pricing and its internal spread.4. Review the final cash payout figure after fees, which often range between 7% and 12%, depending on location and operator.5. Insert your ID when prompted, allow facial verification if enabled, and wait for the system to approve the session before dispensing bills.

Receiving Physical Cash

1. Once approved, the ATM will count and dispense bills—most issue denominations of $1, $5, $20, and $50, though some restrict output to $20s only.2. Retrieve your cash immediately after release—delays can trigger automatic retraction or require staff intervention.3. Collect your printed receipt showing transaction hash, timestamp, fees, and fiat amount received; store it securely for tax reporting purposes.4. Confirm the corresponding deduction appears in your wallet within seconds—blockchain confirmations may take longer depending on network congestion.5. Leave the area promptly after completion—avoid displaying large sums publicly or discussing transaction details nearby.

Frequently Asked Questions

Q: Do I need a bank account to use a Bitcoin ATM for selling?A: No. Bitcoin ATMs operate independently of banking infrastructure. Cash is dispensed directly without routing through banks or requiring account linkage.

Q: Can I sell stablecoins like USDT or USDC at most Bitcoin ATMs?A: Very few do. The vast majority accept only major base-layer coins—BTC, ETH, LTC, and occasionally BCH. Stablecoin support remains rare and highly regional.

Q: What happens if the ATM runs out of cash during my transaction?A: The machine halts the process and displays an out-of-cash message. You’ll retain full control of your crypto—no deduction occurs unless physical bills are successfully dispensed.

Q: Is there a daily limit on how much I can sell via Bitcoin ATM?A: Yes. Limits vary by operator and jurisdiction—unverified users often face caps between $500–$1,000 per day, while verified accounts may clear $5,000–$10,000 daily.