Using a Bitcoin ATM to Sell Bitcoin

by | Oct 22, 2018 | Financial Services

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While a Bitcoin ATM in Houston, TX, is perfect for purchasing Bitcoin with dollars, it can also provide a simple way to sell Bitcoin in order to gain cash. Not all Bitcoin ATMs offer the option for selling, so be sure to do some research before you head out to the nearest ATM just to find that the support isn’t available. If you’re looking for a quick solution, RockItCoin offers selling options for Bitcoin through a straightforward process.

Getting Started with the Transaction

The first step will be finding a local Bitcoin ATM in Houston, TX. Most Bitcoin ATM companies offer a website that allows you to search for locations nearby. Once you find your preferred location, you can visit the ATM. If this is your first time visiting a Bitcoin ATM, don’t worry. The ATM will look very similar to a traditional ATM and doesn’t operate much differently either.

After Reaching the Destination

Now that you are at the ATM, you will step up and press on a button that says, “withdraw cash.” The actual wording may vary based on the company but will be similar. At this point, you can choose the amount that you would like to sell from the various transaction tiers that are available.

Verifying the Transaction

The machine will then ask you to enter the phone number for your cell phone. You will receive a pin code that you will also enter into the Bitcoin ATM using the pin pad. This simply verifies you as a person are entering into the transaction and helps ensure your Bitcoin is kept secure and safe.

Starting the Withdrawal Process

Next, you will be asked to enter the exact amount that you wish to withdraw from the ATM. At this point, the machine is going to show a QR code. You will use your digital wallet as a camera to scan this code on your phone. If you want to make this as quick as possible, it is recommended that you select a high-priority mining fee. After the scan is done, the ATM will show how much Bitcoin you will need to send.

Finishing Up

Once you’re done, your phone will receive a text that includes a code for redemption. After the Bitcoin has been confirmed in the ATM, you will get a second code. After you receive this, you can use the code to pull out your cash.

Sell Bitcoin in Houston

At RockItCoin, we offer Bitcoin ATMs in your area. To learn more or locate one, you can visit online.

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