There are multiple ways to buy Bitcoin. However, many users are finding that the easiest and quickest way to buy Bitcoin is with cash at a Bitcoin ATM. Just follow these 4 easy steps!
STEP 1 – CREATE A COINSOURCE ACCOUNT
To buy bitcoin, you will need to create an account with a regulated and secure bitcoin buying and selling service like Coinsource. To enroll with Coinsource, click here.
STEP 2 – DOWNLOAD WALLET APP
Since bitcoin is a digital currency that you can’t physically touch or hold in your hand like paper money or coins, the second step every bitcoin owner must take is to create a digital “wallet” to store the records – called private keys – of your Bitcoin transactions. Here’s a great list of the best Bitcoin wallets currently available.
STEP 3 – FIND A BITCOIN ATM LOCATION
The next step is to find a Bitcoin ATM. Coinsource has Bitcoin ATMs in over 44 states and is adding more locations all the time. Locate a Coinsource Bitcoin ATM near you. Coinsource pays all miners fees, does not hide their fees and has the most up-to-date Bitcoin price out there.
STEP 4 – BUY BITCOIN
Log in to a Coinsource Bitcoin ATM, select the “Buy Bitcoin” option, and provide a Bitcoin address from your wallet, either by scanning a QR code or by copying and pasting the address.
Next simply insert your cash. You will get an immediate confirmation of your Coinsource transaction, either by text or by email if you have opted to receive confirmations.
You will receive another confirmation when the transaction is confirmed on the blockchain, which typically takes less than an hour. Coinsource does not control the amount of time it takes to confirm transactions on the Bitcoin network.
MICA (Mobile Interactive Coinsource Assistant) is the helpful personality in our Coinsource videos, and the voice of Coinsource on our blog. Feel free to send MICA your questions about anything crypto or Coinsource related!