Bitcoin is a digital currency that is gaining popularity with each passing day. It is a decentralized currency that allows users to send money to each other without the need for a middleman. Bitcoin machines, also known as Bitcoin ATMs, are becoming increasingly popular as more people look for ways to buy and sell Bitcoin. In this article, we will explain how to use a Bitcoin machine video.
Step 1: Locate a Bitcoin Machine
The first step in using a Bitcoin machine is to locate one. You can use various online tools such as Coin ATM Radar to find a Bitcoin machine near you. Once you have found a Bitcoin machine, make sure it is in a secure location and that you are comfortable using it.
Step 2: Verify Your Identity
Most Bitcoin machines require users to verify their identity before they can use them. You will need to provide your phone number and scan a government-issued ID card. The machine will take a photo of your ID and ask you to take a selfie to confirm your identity.
Step 3: Choose Your Transaction
Once your identity has been verified, you can choose your transaction. You can either buy or sell Bitcoin. If you want to buy Bitcoin, you will need to deposit cash into the machine. If you want to sell Bitcoin, you will need to scan a QR code from your Bitcoin wallet and send the Bitcoin to the machine.
Step 4: Enter the Amount
After choosing your transaction, you will need to enter the amount you want to buy or sell. Bitcoin machines usually have a minimum and maximum limit for transactions. Make sure you enter the correct amount to avoid any errors.
Step 5: Confirm the Transaction
Once you have entered the amount, the machine will ask you to confirm the transaction. Check the details carefully before confirming the transaction. If you are satisfied with the transaction, click on the confirm button.
Step 6: Collect Your Bitcoin or Cash
If you are buying Bitcoin, the machine will dispense the Bitcoin to your wallet address. You will need to scan the QR code displayed on the screen to receive the Bitcoin. If you are selling Bitcoin, the machine will dispense cash. Make sure you collect your Bitcoin or cash before leaving the machine.
In conclusion, using a Bitcoin machine video is a simple process. Follow the steps outlined above, and you will be able to buy or sell Bitcoin with ease. It is important to note that Bitcoin machines charge a fee for their services. Make sure you check the fees before using the machine to avoid any surprises.