Did you know that there are nearly 300 million global crypto users as of 2021? This is why there are more and more crypto ATMs being installed around the world.
Cryptocurrency ATMs are great for beginners because they allow you to buy, sell, and trade cryptocurrency. You don’t even have to go through a lengthy sign-up process!
They also don’t require users to have bank accounts or credit cards. This makes them more accessible than other online exchanges.
If you are wondering how to use a Bitcoin ATM debit card to withdraw money, this short and simple guide is for you.
Get a Bitcoin ATM Debit Card
The first thing you’ll need is a Bitcoin ATM debit card. Many companies offer these, so choose the one that best meets your needs.
First, open an account with the bank. This will give you a card number and PIN code so that you can use it for online withdrawals and withdrawals at ATMs.
Keep in mind that some cards have higher fees than others and may not be accepted by all retailers.
Link Your Wallet to the Card
Once you have a Bitcoin ATM debit card, you need to link it to your wallet. This process is different for each wallet, so make sure you read the instructions carefully.
Some wallets have an option called recovery code that you can use to recover your funds if something should happen to your device. This is also where you will find a QR code that the ATM card reader can scan.
You should also activate 2-Factor Authentication (2FA) on your wallet. This is another layer of security that will help keep your funds safe.
Find the Closest ATM
Now that you have your Bitcoin debit card, the next step is to find the closest ATM.
The best way to do this is to look at the map on your Bitcoin ATM debit card. It shows all the ATMs in proximity to you, so you can find one that works with your current location.
Or, you can visit this bitcoin atm.
Withdraw Money From the ATM
Now that you have your Bitcoin ATM debit card and are at a location that has an ATM, it’s time to withdraw some money.
Select the currency in which you want to load funds. This may be USD, EUR, or GBP. Next, enter how much cash you want to be withdrawn from your account.
Scan your Bitcoin ATM debit card and enter your PIN. Once you have entered this information, the amount of cash you requested will be dispensed from the machine and placed into your hands.
This Is How You Use a Bitcoin ATM Debit Card
Using a Bitcoin ATM debit card can be a good way to get some cash from your bitcoin account. You just need to make sure that the ATM you are using is legitimate and safe.
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