If you’re new to cryptocurrency, using a crypto ATM might sound confusing. But it’s actually a simple and fast way to buy or sell crypto—just like a regular ATM but for digital money.
In this beginner-friendly guide, we’ll explain what a crypto ATM is, how it works, and how you can use one step by step.
Contents
What Is a Crypto ATM?
A crypto ATM is a machine that lets you buy or sell cryptocurrency using cash or a debit card. You can find them in shopping malls, gas stations, and other public places.
They are often used for:
Buying Bitcoin, Ethereum, and other cryptocurrencies
Selling crypto for cash
Sending crypto to another wallet
Crypto ATMs are connected to the internet and work with exchanges to complete the transactions.
What You Need Before Using a Crypto ATM
Before you use a crypto ATM, you’ll need:
A crypto wallet (like MetaMask, Trust Wallet, or a mobile wallet app)
A smartphone (to scan QR codes)
Cash or debit/credit card (depending on the ATM)
Sometimes, an ID or phone number for verification
✅ Pro tip: Make sure your wallet is set up and ready before you go to the ATM.
How to Buy Crypto at a Crypto ATM (Step-by-Step)
Here’s a simple process for buying cryptocurrency with a crypto ATM:
1. Find a Crypto ATM Near You
You can search for nearby machines on websites like:
2. Choose “Buy Crypto” on the Screen
Select the crypto you want to buy (like Bitcoin or Ethereum) and choose the amount you want to purchase.
3. Scan Your Wallet QR Code
Open your wallet app on your phone and show your QR code (your wallet address). The ATM will scan it to know where to send the crypto.
⚠️ Double-check that the address is correct—once sent, crypto cannot be undone.
4. Insert Cash or Pay with Card
Insert the cash into the machine or use your debit/credit card, depending on what the ATM accepts.
5. Confirm the Transaction
Check the details and tap “Confirm.” The machine will send the crypto to your wallet. You may get a receipt (paper or digital).
⏱️ It might take a few minutes for the crypto to appear in your wallet.
How to Sell Crypto at a Crypto ATM (Step-by-Step)
Some ATMs also let you sell crypto and get cash. Here’s how:
1. Choose “Sell Crypto” on the ATM
Select which coin you want to sell and the amount.
2. Send Crypto to the ATM Address
The ATM will show a QR code (its wallet address). Use your wallet to send the correct amount of crypto.
3. Wait for Confirmation
You may need to wait a few minutes for the transaction to be confirmed on the blockchain.
4. Get Cash
Once confirmed, the machine will dispense the cash.
💡 Some machines give you a code or receipt, and you return later to get the cash after the crypto is received.
Are There Fees?
Yes. Crypto ATMs usually charge higher fees than online exchanges.
Buying fees: Often between 6% to 12%
Selling fees: Usually 5% to 10%
Fees are shown on the screen before you confirm the transaction.
Pros and Cons of Using a Crypto ATM
| Pros | Cons |
|---|---|
| Easy to use for beginners | Higher fees than online platforms |
| Instant transactions | Not all ATMs support selling |
| Available in many locations | May require ID or phone number |
| No need for a bank account | Limited cryptocurrencies available |
Safety Tips When Using a Crypto ATM
✅ Use reputable machines (check reviews or use CoinATMRadar)
✅ Check your wallet address before sending
✅ Don’t share your private key or seed phrase
✅ Avoid using machines in unsafe or sketchy locations
✅ Keep your receipt until the transaction is complete
Final Thoughts
Crypto ATMs are a fast and easy way to buy or sell crypto, especially for beginners. All you need is a wallet, your phone, and some cash or a card.
While they come with higher fees, they’re great if you want to get started with crypto without using a crypto exchange or connecting a bank account.
