AN OVERVIEW TO USE BITCOIN ATMs


 Bitcoin selling and buying is so common among youngsters that they are getting crazy about buying and selling Bitcoins.


The best option to buy or sell Bitcoins is bitcoin atm. Bitcoin atm resembles closely to traditional ATMs but the advantageous thing about bitcoins is you need not to connect to a bank account.


You can get started with Bitcoins without using technical details. After installation of bitcoin wallet on your mobile or computer, your bitcoin address will be generated. 


You can find bitcoin locations in Chicago using several online websites. Bitcoin machine is the most convenient way to purchase Bitcoin in person.


You can share your addresses to your friends so that they can pay you or you can pay them.


Bitcoin ATM in Chicago is used similar to a traditional ATM, but the major difference is traditional ATM involves cash, and Bitcoin ATM has virtual cash. 


For accessing the services, you should have a verified account called the Bitcoin Wallet. 


Go through the following steps to understand how to use Bitcoin ATMs:


Press the ‘Buy Bitcoin’ button on the screen to start.

Scan your Bitcoin wallet’s QR code. It is placed at the bottom right of the ATM.

Place your phone in front of the QR code reader so it can get the address of your wallet.

Place your banknotes on the bottom of the ATM for the cash amount for which you want to buy the Bitcoins. 

Click on ‘send coins,’ and the Bitcoins you purchased are sent to your mobile wallet. 


This whole process will be completed in few minutes. Some bitcoin ATMs need fingerprint scanning or user verification.


The two main types of Bitcoin ATMs:


Unidirectional: In this ATM, users put cash in the ATM and receive Bitcoin in their mobile wallet. 

Bidirectional: In this ATM, users can buy Bitcoin in Chicago with cash and exchange Bitcoins back into cash. 


Steps to Buy Bitcoin in Chicago:


Enter the number of Bitcoins you want to buy.

Scan the QR code of your mobile wallet 

Deposit cash into the ATM

After that, you will receive Bitcoin in your mobile wallet


Conclusion


Bitcoin ATMs are secure and interactive platforms to buy and sell Bitcoins. 


If you are looking for Bitcoin ATMs for the first time, then there are many websites or tools that will help you find the nearest location for the Bitcoin ATM.  



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