Crypto-based ATMs are automated machines that allow users to buy and sell cryptocurrencies. These machines have become increasingly popular in recent years as more people become interested in investing in cryptocurrencies. Here, we will explore how to use a Cryptobase ATM to buy and sell cryptocurrencies.
Find a Cryptobase ATM
The first step in using a Cryptobase ATM is to find one near you. There are several ways to find a Cryptobase ATM, including:
- Using the Cryptobase ATM locator on their website
- Using a cryptocurrency ATM locator website or app
- Asking other cryptocurrency enthusiasts for recommendations
Once you have found a Cryptobase ATM near you, you can proceed to the next step.
Create a Cryptocurrency Wallet
Before you can buy or sell cryptocurrencies at a Cryptobase ATM, you will need a cryptocurrency wallet. You can send, receive, and store cash using an electronic wallet known as a cryptocurrency wallet.
Hardware wallets:
These are actual objects that physically store your private keys.
Software wallets:
These are digital wallets that can be accessed through a website or app.
Paper wallets:
These are physical wallets that store your private keys on a piece of paper.
You can create a cryptocurrency wallet in Cryptobase ATM through a cryptocurrency exchange or by downloading a wallet app. Once you have completed your cryptocurrency wallet, you can proceed to the next step.
Verify Your Identity
Most Cryptobase ATMs require users to verify their identity before buying or selling cryptocurrencies. It is to comply with anti-money laundering (AML) and know-your-customer (KYC) regulations.
You must submit your: to prove your identity.
- Full name
- Date of birth
- Phone number
- Government-issued ID
The verification procedure can take a short while to finish. After your identification is confirmed, you can move on to the following action.
Buy or Sell Cryptocurrencies
To buy or sell cryptocurrencies at a Cryptobase ATM, follow these steps:
- Insert cash into the machine.
- The cryptocurrency wants to buy or sell should be chosen.
- Your desired purchase or sale of cryptocurrencies should enter.
- Scan your Bitcoin wallet’s QR code.
- Confirm the transaction.
The Cryptobase ATM will process your transaction and send the cryptocurrencies to your wallet. The process often takes a few minutes to finish.
Check Your Cryptocurrency Wallet
After completing your transaction, you should check your cryptocurrency wallet to ensure you have received the correct amount of cryptocurrencies. If you encounter any issues with your transaction, you can contact Cryptobase customer support for assistance.
