how to use coinflip bitcoin atm

To buy or sell Bitcoin at a Coinflip ATM, locate one near you, verify your identity, select your transaction type, enter the amount, provide your wallet address or scan the redemption code, insert cash or scan the code, review the details, confirm the transaction, and receive a receipt.

Oct 10, 2024 at 12:54 am

How to Use a Coinflip Bitcoin ATM

1. Find a Coinflip Bitcoin ATM

Use the Coinflip website or mobile app to locate an ATM near you.

2. Verify Your Identity

For transactions above $500, you must verify your identity. This involves providing your personal information, ID, and a selfie.

3. Select Buy or Sell

Choose whether you want to buy Bitcoin (BTC) or sell your BTC for cash.

4. Enter the Amount

Specify how much BTC you want to buy or sell. Coinflip displays the current exchange rate.

5. Scan QR Code or Provide Wallet Address

If buying BTC, scan your crypto wallet's QR code or enter its wallet address. If selling BTC, you can receive cash or a scannable redemption code to a mobile app.

6. Insert Cash or Scan Code

For purchases, insert cash into the ATM slot. For sales, scan the redemption code.

7. Confirm Details

Review the transaction details on the screen. Ensure the amounts, wallet addresses, and fees are correct.

8. Press Confirm

Click the "Confirm" button to initiate the transaction.

9. Receive Receipt

The ATM will print a receipt with the transaction details and a QR code for future reference.

Tips:

• Have a valid ID and crypto wallet ready.
• Check for any fees or transaction limits before proceeding.
• Keep your transactions confidential and do not share sensitive information.
• Monitor your purchase or sale status in the Coinflip app.
• Be aware of the value of BTC and market fluctuations.