Bitcoin ATMs are currently one of the fastest ways to buy Bitcoin, especially with cash. But there are a few things you can do to make sure you spend even less time at the ATM, and more time out doing what you love! Read on and learn how to save time at a Bitcoin ATM.
Enroll Before You Go
To maintain compliance with local and federal laws, Coinsource Bitcoin ATMs require enrollment before transacting. This protects you, your money and your crypto! Instead of enrolling at the Bitcoin ATM, you can enroll from home.
All you need is your phone, government issues ID (like a drivers license) and be ready to take a selfie. In 5 minutes and 5 steps, you’ll be ready to buy Bitcoin with cash. Follow these instructions to complete enrollment. Get started below.
Time Saved: 5 Minutes
Watch a Bitcoin ATM Tutorial First
This step is for everyone using a Bitcoin ATM for the first time. While it is very similar to a traditional ATM, there are a few extra steps. For example, you must select the wallet and verify your phone number. Knowing about these steps beforehand will help save time at the Bitcoin ATM.
Watching a tutorial can be one of the most effective ways to prepare. Learn how to use a Coinsource Bitcoin ATM below. Our tutorial walks through all the steps at the Bitcoin ATM to prepare you for your visit, so when you get to the ATM, you’ll be a pro!
By knowing how to use the Bitcoin ATM before arriving, you’ll be prepared to go through all the steps lightning fast. Once your transaction is complete, you’ll typically see your Bitcoin in between 10 minutes and 1 hour.
Time Saved: 4 minutes
Have Your QR Code Ready
When you buy Bitcoin with cash, you need to have a crypto wallet to send the Bitcoin to. Coinsource accepts all major crypto wallets. Additionally, Bitcoin ATMs are equipped with a QR code scanner on the kiosk to make it easier to select the wallet to send the crypto to.
Preparing your wallet QR code before heading to the Bitcoin ATM can save time, since you’ll have it ready to pull up. The instructions for how to get your QR code will be different for each wallet provider, but here is the overview.
- Open your Crypto Wallet provider
- Go to the “Receive” or “Profile” tab
- Ensure that your wallet QR code is on the screen
- Turn your phone brightness to the max setting
By having your wallet ready before heading to the Bitcoin ATM, you’ll fly through the steps.
Time Saved: 1 minute
How Much Time Can You Save at a Bitcoin ATM?
We covered the top three things you can do to save time at the Bitcoin ATM. If you follow all three steps and then go to the Bitcoin ATM, here’s how much time you can save.
Enrolling Before You Go: 5 minutes saved
Watching a Bitcoin ATM Tutorial: 4 minutes saved
Having QR Code Ready: 1 minute saved
Total Time Saved: 10 Minutes
By following these steps, you can easily save 10 minutes at the Bitcoin ATM! Use that extra time to buy some snacks if you’re at a convenience store, or grow your crypto knowledge by learning about the Fear and Greed Index. Start on these steps, and when you’re ready, make sure you find a Bitcoin ATM to buy (and hodl) some Bitcoin!
Coinsource is the world leader in Bitcoin ATMs. With a focus on compliance and ease of use, Coinsource is aiming to bring Bitcoin to the masses. Follow for blogs about Bitcoin, finance, company updates and Bitcoin ATM information!