Coinsource, the world’s largest operator of Bitcoin ATMs, is rolling out new kiosks where customers can SELL Bitcoin as well as BUY. Currently these kiosks are showing up in Nevada, New York, Pennsylvania, New Hampshire, California, Tennessee, Texas, Florida, and Washington D.C. and plans are to convert their entire network to these 2-way service kiosks.
It’s super easy to sell Bitcoin using a Coinsource Bitcoin ATM. Follow these simple steps:
STEP 1 – CREATE A COINSOURCE ACCOUNT
To sell bitcoin using a Coinsource Bitcoin ATM, you will need to have a Coinsource account. And you can do this using your smartphone from anywhere. You don’t need to be in front of an ATM to do it. To enroll with Coinsource if you haven’t already, click here.
STEP 2 – DOWNLOAD WALLET APP
If you have not already, you should consolidate the bitcoin you wish to sell into a single wallet before selling at a Coinsource bitcoin ATM. Be sure that your wallet enables you to send to a bitcoin address presented in the form of a QR code. This is so you can send your wallet the bitcoin address of the BTM. Download the free Coinsource Bitcoin Wallet app for either Android and Apple.
STEP 3 – FIND A BITCOIN ATM LOCATION
The next step is to find one of our 2-way kiosks. Coinsource has bitcoin ATMs in over 26 states and is adding more locations all the time. Locate a Coinsource bitcoin ATM near you. Our locations are marked on the map with a blue pin for our original buy-only Bitcoin ATMs, and with an orange pin for our new two-way buy and sell Bitcoin ATMs.
STEP 4 – SELL BITCOIN
Once you’re logged in to a Coinsource bitcoin ATM, select the “Sell Bitcoin” option and choose the amount you wish to sell.
You will be presented with a bitcoin address in the form of a QR code to scan.
Now simply send the displayed amount of bitcoin to that bitcoin address and you can withdraw your cash once the transaction has been confirmed on the blockchain.
NOTE: Coinsource does not control the amount of time it takes to confirm transactions on the bitcoin network.