In our previous article we described how you can buy bitcoins using Bitcoin ATM, in this post we describe the process of selling bitcoins via ATM.What you need to know is that not all machines support two-way operations, many still only allow to buy bitcoins, however according to our Bitcoin ATM Charts about 40% of all installed Bitcoin ATMs actually support sell operations.In order to find your nearest bitcoin machine where you can sell bitcoins – you can visit our bitcoin ATM map.Use “Crypto->Fiat” ticked in the bottom filter to show all locations where you can sell bitcoins (you need to have “Fiat->Crypto” unchecked in order to hide locations where you can only buy bitcoins).Here is a list of Bitcoin machine types that normally support sell operations (some operators may disable sell operations, so you need to check before planning your trip): Some other manufacturers also support sell operations in their machines, however the mentioned above represent the majority of installed units on the market.

When you sell bitcoins for cash using Bitcoin ATM, there are several general steps you need to go: UPD: Robocoin bitcoin ATM producer has closed activity.There are still several Robocoin type kiosks installed at various locations, however, most of them switched to a different swoftware.So although the machine looks the same, the UI of the selling bitcoins process changed a lot.Most of such machines switched to General Bytes software and now the process of selling bitcoins there is similar to the one of BATMThree model from General Bytes (see below).Here is how selling bitcoins worked at original Robocoin kiosk: This is the first two-way Bitcoin ATM type that is installed in many countries at the moment.However, Robocoin has received many complaints from users due to its complicated buy and sell bitcoin procedure.The machines had biometric palm vein scanner and the whole process, especially the first registration, was quite complicated.Recently, following the market requirements the Robocoin company announced that they plan to remove palm vein scan step.

On the other hand, with recent update of software Robocoin made it mandatory for operators to use Robocoin’s proprietary wallet solution, which means that customers’ funds are stored at Robocoin.Since November 2014 Robocoin has switched all operators to their new Wallet 2.0.The operators who were not willing to proceed with the update, had to switch to something else, e.g.Satoshipoint integrated Lamassu software into their machines.At the moment they support only buy bitcoins operation, but sell operations are planned for the nearest future.So, if you are going to use Robocoin kiosk you need to clearly understand that even on the same hardware the software may vary and the process will be different.When you want to sell bitcoins at Robocoin (native software) you need first to create a wallet at Robocoin.In the previous article we covered the steps how to create Robocoin wallet.Now, before you can cash out your bitcoins using Robocoin ATM you need first to have bitcoins in your wallet.

So if you have them in your own wallet, you need first to transfer it to Robocoin.Here are the steps: Be prepared to wait about 1 hour between you transferred bitcoins to Robocoin machine and the moment you can actually withdraw cash.However, if you already have funds within Robocoin wallet, the selling of bitcoins for cash is quite fast.So after your funds are in Robocoin wallet, all you need to do is: The process is demonstrated in the following video: This is a two-way Bitcoin ATM, which you also can find at many locations.bitcoin ira reviewsIf you think about running a Bitcoin ATM you may be interested to read the Genesis1 review.free bitcoin faucet botThe sell bitcoins procedure in this type of ATM may vary as the ATM supports white-labeling, so what you see on the screen may be different from operator to operator.bitcoin mining linux ubuntu

Here is an example of selling bitcoins using Bitcoinnect ATM in China: The following video demonstrates the process: However the machine itself supports several verifications including phone verification and finger scan, and some operators may have these features enabled, so be prepared.BitAccess is another popular Bitcoin ATM, which supports sell bitcoin operations.Here is a standard procedure you are asked to follow in order to exchange bitcoins for cash: The following video illustrates this process: There are two different types of bitcoin ATMs from General Bytes: BATMTwo (one-way) and BATMThree (two-way as on picture above).bitcoin tasseIn order to sell bitcoins at this machine one has to go over the following steps: Here is how a printed redeem receipt looks like: The process of selling bitcoins at this type of machines is demonstrated in the following video by Karel from General Bytes (check the second part of the video): You can find the nearest Bitcoin ATM to you using our Bitcoin ATM Map.g minor bitcoin

Found this article useful?Subscribe to our Twitter channel @CoinATMRadar and we will keep you updated about new posts.Sign In New Account Sign In Show Remember Me Sign In Forgot your password?Sign Up Hide Hide PERSONAL INFORMATION I agree to the terms of use and privacy Create Account Please enter your email address.You will receive a link to create a new password.bitcoin mining program ubuntuBack to log-in Bitcoin Exchange Monitor the bitcoin exchange rate minute-by-minute using the bitcoin chart below, and send, receive, sell bitcoin and buy bitcoin anywhere, anytime with My Wallet.Buy / Sell Bitcoin Bitcoin Merchant Accept payments in bitcoin and instantly withdraw funds in BTC, USD, or a combination of both via PayPal, WebMoney, bank transfer or bitcoin address with Merchant Exchange.Integration is a snap!Accept Bitcoin Accept Payments in Bitcoin Manage your seller and user experience Hosted Pages Buttons iFrames Email Invoices Api Ecommerce Instantly Withdraw Funds in BTC or USD Fast.

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SpicePay is a fully verified and accredited Bitcoin Exchange Provider.Favorable Terms We monitor the market constantly in order to provide you with the best rates, and charge only 1.5% on Buy and Sell transactions.Merchants pay a processing fee of just 1% per transfer.And, unlike financial institutions, we do not sort our users by any criteria.We value everyone equally.Easy IntegrationThere are several ways to get started with SpicePay's bitcoin payment gateway Affiliate ProgramRefer people to our site and earn bitcoins for every successful transaction!25% commission Daily bitcoin payments Signing up is easy.Submit an application, and once it's approved, you'll get access to our code snippet and images to quickly integrate SpicePay ads and links into your website and emails.Then sit back and start earning bitcoins!Learn More Bitcoin Exchange Rate I want to: Sell bitcoin Buy bitcoin JOIN US TODAY What is bitcoin?The first of its kind, bitcoin (BTC) is a decentralized, anonymous, digital-only currency, also known as cryptocurrency, which is sent peer-to-peer over the internet.