How Do I Sell Cryptocurrency for Cash at an ATM Location?
Coinme has made it easy for users to sell cryptocurrency for cash at Coinme-enabled Bitcoin ATMs . If you’re looking to convert your digital assets into cash, Coinme’s service through Bitcoin ATMs offers a convenient and straightforward process. Here’s a detailed guide on how to sell cryptocurrency for cash at a Bitcoin ATM, using the Coinme platform.
Selling Cryptocurrency at a Coinme-enabled Bitcoin ATM
Coinme now powers 20,000 ATM locations nationwide to provide users with the option to sell cryptocurrency and receive cash. This feature allows users to sell popular cryptocurrencies, including Bitcoin, and pick up the equivalent amount in cash.
It’s important to note that Coinme many of these ATM locations offer only the “Sell” option.
Step-by-Step Guide to Selling Crypto for Cash
- Log into Your Coinme Account: Begin by logging into your Coinme account either via the Coinme mobile app or on the website.
- Select “Transact”: Once logged in, select the “Transact” option from the dashboard to start the process of selling your cryptocurrency.
- Choose “Sell”: After selecting “Transact,” choose the “Sell” option to proceed.
- Select the Cryptocurrency You Wish to Sell: You will need to pick the specific cryptocurrency, such as Bitcoin, that you want to sell.
- Choose the ATM Option: When prompted, select the option to receive cash from an ATM as your payout method.
- Select the ATM Location for Cash Pickup: After choosing the ATM option, you will be asked to select a Coinme-enabled ATM location that is convenient for you to pick up the cash.
- Enter the Amount to Sell: Input the amount of cryptocurrency you want to sell. Make sure to stay within the minimum and maximum transaction limits that apply to Coinme-enabled Bitcoin ATMs.
- Confirm the Sale: Once you’ve entered the amount, confirm the sale. Be sure to double-check all details as the sale will be final.
Completing the Transaction and Receiving Cash
After you confirm the sale, the next steps involve verifying your phone number and waiting for your cash code, which allows you to withdraw the cash at the ATM.
- Phone Number Verification: You will be prompted to verify your phone number to complete the sale. This step is essential for ensuring the transaction is secure.
- Receive the Cash Code: Once verified, the system will generate a unique Cash Code. This code usually appears within five minutes in the “Recent Activity” section of the cryptocurrency you just sold.
- Pick Up Cash at the ATM: With your Cash Code in hand, travel to the Coinme-enabled ATM location you selected. Once there, select the “Cash Code” option on the ATM screen. You will be asked to enter your phone number (this acts as your account number) and the Cash Code you received.
- Collect Your Cash: After entering your phone number and Cash Code, the ATM will dispense the cash, and the transaction will be completed.
Key Considerations for Selling Cryptocurrency at Bitcoin ATMs
Before initiating a sale, it’s important to be aware of any minimum and maximum transaction limits set by Coinme-enabled Bitcoin ATMs. These limits may vary depending on the ATM location, so it’s a good idea to check the details beforehand.
Additionally, because all sales are final, users should carefully review the amount and transaction details before confirming the sale. If you experience any delays in receiving your Cash Code, you can check your account for errors or contact Coinme’s support team for assistance.
Using Coinme to sell cryptocurrency for cash at 20,000 ATM locations in the U.S. is a straightforward and efficient process, offering users the flexibility to convert their digital assets into cash with ease.