Most of you are aware of the crypto revolution the world is witnessing today. However, few would know that a lot of crypto exchanges around the world actually shut down temporarily due to the massive surge in demand of cryptocurrencies.
We at CoinSutra started getting innumerable queries on alternative buying methods for Bitcoins when these exchanges were unavailable.
One method, and a very popular one around the globe, is the use of Binance. If you don’t know about it, I recommend you read about it and try using it to buy/sell Bitcoins.
Another method, and the one in particular that I want to talk about today, is finding a Bitcoin ATM near you and buying Bitcoins using the ATM.
However, the problem with this method is that despite Bitcoin being the most popular cryptocurrency, it is tedious to find a Bitcoin ATM for your purchases. But despite the accessibility issues, it continues to be a great method to buy Bitcoins if you know how to find a Bitcoin ATM near you.
A Bitcoin ATM is a machine like a normal fiat currency ATM from which you can withdraw Bitcoins. All you need is fiat money such as EUR, GBP or USD (these are the currencies most Bitcoin ATMs accept).
A Bitcoin ATM asks you to scan your public address to which the BTC is transferred in exchange for the amount of fiat you deposit into the ATM.
In some cases, if you don’t have a public address, just select the option of “don’t have an address” and the ATM will generate a paper wallet for you (if it supports that feature). Also, you can choose a Bitcoin wallet from our list, and generate a Bitcoin public address.
Now that you know about Bitcoin ATMs and how they work, let us talk about how to find a Bitcoin ATM near you.
Finding A Bitcoin ATM Near You
There are several online websites and tools that you can use to find a Bitcoin ATM near you. But for this tutorial, I will tell you some of the reliable services that you can use anytime.
Coin ATM Radar is one service that keeps track of Bitcoin ATMs. Using this website, you can find Bitcoin ATMs near you.
- Find the Bitcoin ATM map
- Locate Bitcoin ATMs/machines closest to you
- Get all the details about that particular ATM machine (fees and limits)
- Get directions from your location to the chosen ATM machine
Also, via these ATMs, not only can you buy Bitcoins, but you can also sell your Bitcoins and get fiat currency in return. This, however, is subject to the type of ATM you are using.
There are a few ways of using this service, so let’s explore them one by one.
- Bitcoin ATM World Map
To find a Bitcoin ATM you can go to the main website that features a live map of the ATMs.
- Add your location/city etc (I have added ‘Davos’), and click enter to search ATMs
- Choose the nearest ATM and click to see the details of price, limits etc
- Click ‘Get directions’ to get the Google maps location and direction
- Bitcoin ATM By Country
You can also find a Bitcoin ATM country-wise. Click here to see the Bitcoin ATM map in your country and pick the nearest location to get your Bitcoins.
- Bitcoin ATM By Address
You can also put your exact address for accurate results of a Bitcoin ATM near you using this link.
Another service that keeps track of Bitcoin ATMs is FindBitcoinATM. But this service is only for tracking ATMs in Australia. Currently, they are Australia’s most comprehensive and up to date Bitcoin ATM locator site. And you can easily submit new ATM locations and add reviews or ratings to existing machines. (Which is a good thing for customers referring it in future)
Finding Bitcoin ATMs Near Me
Bitcoin ATMs also charge a fee for the exchange of fiat into Bitcoins so don’t get surprised if you are charged an amount.
There are many Bitcoin ATMs worldwide. Using the search option, you can find the closest Bitcoin ATM location by address with extra details like fees, limits etc.
If you have not used a Bitcoin ATM before, here are some links that might be useful (courtesy Bitcoin ATM Radar):
Also, I understand that finding Bitcoin ATMs can sometimes be challenging because they aren’t in huge numbers yet.
We would also like to hear about your experience of finding and using a Bitcoin ATM.
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