How to buy bitcoins at a bitcoin ATM

In order to buy bitcoins using a bitcoin ATM you need to find the closest to you location and understand what kind of machine it is. Asking yourself where is closest bitcoin ATM near me? To find all locations – visit our bitcoin machines map. At the moment there are about 30 different types of bitcoin ATMs with about 20 manufacturers having their units actually installed somewhere. It may be difficult for an average user to understand how to buy bitcoins by using a bitcoin ATM and what are the differences among various ATMs.

How To Buy Bitcoins

In this article we describe a bitcoin purchase process for 6 different mostly installed bitcoin ATMs in the world (they cover about 90% of the market altogether) and two more types, which were popular before and now are rarely used (Skyhook and Robocoin):

General

There is a general buy process at all bitcoin ATMs:

  • Verification step (optional and may vary substantially depending on machine’s type)
  • Provide bitcoin address for deposit (optionally can be generated and printed/emailed at some ATMs on the fly, but better to have your own with you before using a machine)
  • Insert cash into the ATM
  • Confirm operation (bitcoins sent to your bitcoin address at this moment)

This process may vary from ATM to ATM, and this is what we describe for every of the mentioned above bitcoin ATM types.  It is important to understand that even when machine’s software/hardware support compliance procedures, they are not necessarily activated, as it depends on the operator choice of every particular machine. That is why the same type of machine might have different verifications and limits set up.

Genesis1 bitcoin machine (Genesis Coin)

buying bitcoins

San-Diego based company Genesis Coin produces three types of ATMs: Genesis1 (two-way), Satoshi1 (one-way) and Satoshi2 (two-way). The process of purchasing bitcoins may have a verification procedure, in this case:

  • Click “Buy Bitcoins”
  • Provide mobile number
  • Enter received validation code
  • Scan fingerprint
  • Select coin (this type of machine may support not only Bitcoin, but also Litecoin, Dogecoin, Blackcoin, XCurrency)
  • Choose to scan wallet (pre-defined) or generate new
  • Scan wallet QR code if chosen
  • Insert cash bills
  • Click send
  • Get printed receipt

The process is demonstrated on the following video: