Cryptocurrencies have surged in popularity as digital assets that offer decentralization, security, and potential investment opportunities. One of the easiest ways for beginners to enter the world of cryptocurrencies is through Cryptobase ATM, which provides a convenient way to buy and sell various digital currencies using cash.
Cryptobase ATM is a network of cryptocurrency automated teller machines (ATMs) that allow users to buy and sell cryptocurrencies with ease. These Cryptobase ATM are located in various public places such as malls, convenience stores, and gas stations, making them accessible to individuals who may not have access to online exchanges.
Buying Cryptocurrencies
- Locate a Cryptobase ATM: Use the Cryptobase website or mobile app to find the nearest ATM to your location.
- Prepare your wallet: Before heading to the ATM, ensure you have a cryptocurrency wallet set up to receive the purchased coins. This can be a hardware wallet, software wallet, or a mobile wallet.
Visit the ATM: Once at the ATM, select the option to buy cryptocurrencies.
- Select the cryptocurrency: Choose the cryptocurrency you wish to purchase from the list of available options. Cryptobase ATMs typically support popular cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and others.
- Enter the amount: Enter the amount of cash you want to spend on purchasing cryptocurrencies. The ATM will display the equivalent amount of cryptocurrency you will receive based on the current exchange rate.
- Scan your wallet QR code: Use your smartphone to scan the QR code of your cryptocurrency wallet. This will provide the ATM with the necessary information to transfer the purchased coins to your wallet.
- Insert cash: Insert the cash into the ATM. Make sure to double-check the amount before confirming the transaction.
- Confirm the transaction: Review the transaction details displayed on the screen and confirm the purchase. Once confirmed, the ATM will initiate the transfer of cryptocurrencies to your wallet.
- Wait for confirmation: Depending on network congestion, it may take some time for the transaction to be processed. Once confirmed, you will receive the purchased cryptocurrencies in your wallet.
Selling Cryptocurrencies
- Visit the ATM: Locate a Cryptobase ATM and select the option to sell cryptocurrencies.
- Choose the cryptocurrency: Select the cryptocurrency you want to sell from the available options.
- Enter the amount: Enter the amount of cryptocurrency you wish to sell. The ATM will display the equivalent amount in cash based on the current exchange rate.
- Send the cryptocurrency: Initiate a transfer of the specified amount of cryptocurrency from your wallet to the provided address displayed on the ATM screen.
- Collect your cash: Collect the cash from the ATM once the transaction is complete.
