How to Safely Use a Bitcoin Kiosk

April 2nd, 2021

How to Safely Use a Bitcoin Kiosk

How to use a bitcoin kiosk near me or in my area safely?

Bitcoin kiosk are the bidirectional bitcoin ATMs that allow users to both purchases or sell bitcoins offline using cash deposit or cash method. One of the greatest parts of using a bitcoin kiosk is that there’s no pressure of searching for a third-party buyer or seller online. Keeping in mind a few safety guidelines can help you eliminate the risk by 100% and go on investing in bitcoin without any stress. Here’s a stepwise guide on how to use a bitcoin kiosk to buy/sell bitcoin safely:

STEP 1: Choose a bitcoin kiosk online

Want to find a bitcoin kiosk that supports your buying or purchasing requirements? Go to www.bitcoinofamerica.org and enter your area in the search box. You will be able to view a list of Bitcoin ATMs or kiosks in your area along with map location. Choose a bitcoin machine that is near to you and easy to visit (probably by foot). Bitcoinofamerca.org is a trustable website that has been picked by millions. You can also go for a Google Search to find the nearest kiosk to your home or office.

STEP 2: Prepare to buy or sell based on the market value of the bitcoin

It is a crucial step. As a bitcoin investor, you must know that bitcoin’s price rate often fluctuates in the market. Thus, if you are selling bitcoins, it is recommendable to sell them at a higher rate than when you bought them. Similarly¥, if you are purchasing bitcoin, it is recommendable to make a purchase when prices are low and within your investment budget.

When you have made your decision based on your BTC market value research, visit the BTC Kiosk. You will see multiple options. Click on “buy BTC” or “sell BTC,” whichever you decide.

STEP 3: Create a custom link between machine and BTC wallet

Whether you are purchasing or selling BTC, this step is vital. When you purchase BTC using the kiosk, the purchased BTC will finally transfer to your wallet after the transaction is complete. Similarly, when you sell BTC using the bitcoin kiosk, the number of bitcoins you sold will be deducted from your wallet, and you will receive cash or online payment.

Therefore, to create a link between bitcoin kiosk and personal BTC wallet, check out the following brief guide:

  • Open your bitcoin wallet.
  • Go to “scan QR Code.”
  • A QR Code will appear on your mobile screen.
  • Now, put this QR Code under the Bitcoin kiosk scanner.
  • As soon as the scan is complete, the machine will connect to the wallet.

Note: Rules and regulations concerning the bitcoin kiosk near me have been enhanced. In multiple cases, the bitcoin kiosk users are demanded to fulfill a KYC or complete the identification process.

STEP 4: Make a trade

Once the link has been created, the bitcoin kiosk will be able to scan the number of bitcoins that are currently available in your wallet. Hence, the next step is to enter the number of bitcoin you want to buy or sell. When you do so, you will be able to view the total amount of the trade that is valid.

Now, it is noteworthy to mention that this amount automatically faces a deductible because of “transaction fees,” currency exchange fees (if there), and taxes. Therefore, you do not have to manage any after-trade mandatory activities like filing for taxes, etc. When you enter the information, and you are satisfied with the monetary outcome, tap on the “buy or sell” option given at the bottom.

STEP 5: Choose a payment method

Bitcoin kiosks offer various methods of payment, including debit card payment, credit card payment, cash payment, PayPal, and others. It is best to choose “cash payment” if you want to liquify your Bitcoins instantly. Apart from this, the bitcoin kiosk’s buy or sell limit per day is 3500 USD. However, your banking institutions may not offer to validate such a high amount of debit or credit at a time.

 STEP 6: Deposit cash or collect cash payment

Now, if you are making a purchase using a bitcoin kiosk near me, the next step would be to deposit cash in the deposit machine. On the other hand, if you are selling bitcoins, you can collect cash payments (like you do at general ATMs).

 STEP 7: Confirm the transfer and destroy the link

So, once the payment has been made or collected by you, you must confirm and verify that the transaction has been successful for both parties. Therefore, it is recommendable to check your bitcoin wallet’s latest balance. If you see no bitcoin transferred or deducted to/from your wallet, please refresh it.

There is generally no validity for bitcoin that is available in your wallet. You can keep them as long as you want for investment purposes. Want to keep an eye on bitcoin’s persistently fluctuating market value? Remain upgraded at www.bitcoinofamerica.org.

Forecasts, estimates and other information included in this blog should not be considered as investment advice or as a recommendation that you purchase any cryptocurrency or any particular investment product. Past performance is not indicative of future results. The author of this blog and Bitcoin of America in no way guarantee any specific outcome, gain, or profit.

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