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Investing » How to Use a Bitcoin ATM to Buy and Sell Crypto

How to Use a Bitcoin ATM to Buy and Sell Crypto

Learn how to buy and sell Bitcoin using a Bitcoin ATM, including fees, limits, safety tips, and what to expect before your first transaction.
Author: Baruch Mann (Silvermann)
Interest Rates Last Update: April 1, 2025
The banking product interest rates, including savings, CDs, and money market, are accurate as of this date.
Author: Baruch Mann (Silvermann)
Interest Rates Last Update: April 1, 2025

The banking product interest rates, including savings, CDs, and money market, are accurate as of this date.

We earn a commission from our partner links on this page. It doesn't affect the integrity of our unbiased, independent editorial staff. Transparency is a core value for us, read our advertiser disclosure and how we make money.

The information provided on this website is for informational and educational purposes only and does not constitute financial, investment, or legal advice. We do not provide personalized investment recommendations or act as financial advisors.

Table Of Content

How to Find a Bitcoin ATM Near You?

Bitcoin ATMs are widely available across major U.S. cities and growing globally. In order to locate one nearby, you can use online maps or aggregator platforms.

  • Use location tools: Sites like Coin ATM Radar allow you to search by zip code or city and filter by buy/sell functionality.

  • Retail locations and gas stations: Many Bitcoin ATMs are found in convenience stores, shopping centers, or independent gas stations.

  • Availability in all states: From New York to California, most states have machines installed—even in smaller towns.

As of early 2025, there are over 28,000 Bitcoin ATMs in the U.S., which represents more than 85% of the global total, according to Coin ATM Radar.

Therefore, they remain one of the easiest ways to enter the crypto market without needing a full exchange account.

How to Buy and Sell Bitcoin Using a Bitcoin ATM

Buying or selling Bitcoin at a Bitcoin ATM is a fairly simple process, but steps may vary slightly depending on the machine.

Choose whether you want to buy or sell Bitcoin.  Some machines only allow purchases, so verify the machine's functionality beforehand.

Once selected, the machine will guide you through the rest of the process step-by-step.

Many Bitcoin ATMs require some form of identity verification to comply with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations.

For smaller transactions, you may only need to enter your phone number and verify via SMS.

But if you're buying or selling larger amounts—often over $1,000—you’ll likely need to scan a government-issued ID or take a selfie.

If you’re buying Bitcoin, the ATM will ask you to scan the QR code for your wallet’s public address—this is where the Bitcoin will be sent.

It’s critical to ensure the address is correct because crypto transactions are irreversible. Mobile wallets like Trust Wallet, Coinbase Wallet, or Exodus make this easy.

If selling, the ATM will generate a QR code to which you send Bitcoin from your wallet. The machine waits for network confirmation before releasing funds.

Once your wallet details are confirmed, you can proceed with the payment.

  • To buy, insert cash into the machine; it will calculate the equivalent amount in Bitcoin based on current market rates and any applicable fees.
  • For selling, after you send Bitcoin to the machine’s designated address, you'll need to wait for blockchain confirmation.

This step can take anywhere from a few minutes to over an hour, depending on the network congestion and machine settings.

If you’re buying, the machine will process your payment and send the purchased Bitcoin directly to your wallet, often within minutes.

In rare cases, there may be a short delay due to network traffic. When selling, once the ATM confirms your Bitcoin transfer on the blockchain, it will dispense cash.

Some machines may issue a receipt or provide a redemption code for delayed cash pickups. As a result, always check for confirmation and keep your receipt for proof.

How to Check Fees and Limits Before Using a Bitcoin ATM

Before using a Bitcoin ATM, it’s crucial to check the machine’s transaction fees and limits.

Most machines clearly display this information on-screen during the setup process, but you can also verify it in advance through the operator’s website or apps.

Fees often range from 6% to 20%, and limits may vary by location or verification level. Some ATMs allow only purchases, while others support selling Bitcoin as well.

Here are estimated Bitcoin ATM fees by operator:

Operator Name
Buy Fee Range
Website for Info
CoinFlip
6.99%
coinflip.tech
Bitcoin Depot
8–20%
bitcoindepot.com
RockItCoin
10–15%
rockitcoin.com
CoinCloud
12–15%
coin.cloud
LocalCoin (Canada)
8–20%
localcoinatm.com

How to Avoid Scams When Using a Bitcoin ATM

Bitcoin ATMs offer convenience, but users should be cautious to avoid fraud or exploitation.

  • Never send Bitcoin on someone else's instructions. Scammers may call pretending to be from the IRS or utility companies, urging you to deposit cash and send BTC—this is always a scam.

  • Verify the machine operator. Use a known ATM locator like CoinATMRadar to confirm whether the machine is operated by a legitimate company with a support number and privacy policy.

  • Avoid machines in sketchy or unattended locations. ATMs in gas stations or small shops may be real, but if there's no contact info or the interface seems suspicious, walk away.

  • Check for hidden cameras or skimmers. Although rare, tampering can occur. If a card reader or scanner looks altered or loose, do not use it.

Because transactions are irreversible on the blockchain, it's important to trust your instincts and ensure you're not being coerced or misled.

Using a Bitcoin ATM: 4 Tips for a Successful Transaction

Bitcoin ATMs are simple to use, but following a few best practices can help ensure a smooth and secure experience.

  • Bring a valid crypto wallet. Most machines require you to scan a wallet QR code to receive Bitcoin, so have your mobile app ready.

  • Know the fees and limits in advance. Before you go, visit the operator’s site or CoinATMRadar to check transaction costs and daily caps.

  • Use cash in the right denominations. Some machines don’t give change or accept large bills, so carry smaller notes to avoid delays.

  • Confirm all details before hitting send. Transactions are irreversible, so double-check your wallet address and amount on-screen before proceeding.

By planning ahead and staying alert, you can safely complete your transaction and avoid common issues at the machine.

FAQ

Yes, most Bitcoin ATMs support any wallet that can receive BTC. You'll need to scan your wallet's QR code on the screen.

Fees are set by the machine operator and are typically non-negotiable. They are often higher than online exchanges due to added convenience.

Transaction times vary but usually complete within 10–30 minutes. Delays can occur based on blockchain congestion or confirmation requirements.

Most Bitcoin ATMs allow small transactions, sometimes as low as $10. This varies by machine and operator policy.

Most Bitcoin ATMs only accept cash. Some newer machines offer card options, but they are still relatively rare.

Yes, some machines support selling BTC and dispensing cash. You’ll typically need to send Bitcoin first and wait for confirmation.

Smaller purchases may not require ID, but larger ones usually do. For full anonymity, look for machines with no KYC under $900.

Yes, limits vary by operator. Some machines cap transactions at $900, while others allow up to $9,000 with full ID verification.

Yes, have your wallet ready with a valid Bitcoin address in QR form. Many mobile apps like Trust Wallet or Coinbase Wallet work well.

Picture of Baruch Mann (Silvermann)

Baruch Mann (Silvermann)

Baruch Silvermann is a financial expert, experienced analyst, and founder of The Smart Investor.  Silvermann has contributed to Yahoo Finance and cited as an authoritative source in financial outlets like Forbes, Business Insider, CNBC Select, CNET, Bankrate, Fox Business, The Street, and more.
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This website is an independent, advertising-supported comparison service. The product offers that appear on this site are from companies from which this website receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear).

This website does not include all card companies or all card offers available in the marketplace. This website may use other proprietary factors to impact card offer listings on the website such as consumer selection or the likelihood of the applicant’s credit approval.

This allows us to maintain a full-time, editorial staff and work with finance experts you know and trust. The compensation we receive from advertisers does not influence the recommendations or advice our editorial team provides in our articles or otherwise impacts any of the editorial content on The Smart Investor.

While we work hard to provide accurate and up to date information that we think you will find relevant, The Smart Investor does not and cannot guarantee that any information provided is complete and makes no representations or warranties in connection thereto, nor to the accuracy or applicability thereof.

Learn more about how we review products and read our advertiser disclosure for how we make money. All products are presented without warranty.