Tao Bitcoin ATMs offer a convenient way to buy and, in this case, sell Bitcoin for cash. They are located in convenient locations throughout the US, focusing on eight key locations throughout the eastern and midwestern United States.
Currently, customers in Kansas, Arkansas, Missouri, Mississippi, South Carolina, Oklahoma, Texas, and Tennessee, can take advantage. All you need is a credit card or cash. Here’s how it works.
Step 1: To use a Tao Bitcoin ATM, walk up to the machine and look for the Home Screen. From there, you can follow the instructions on the screen to complete your transaction. The first option you’re going to see is the “Withdraw Cash” button. Tap!
Step 2: A number of currency types will appear next. First, select the currency type that you need. Then, choose the amount of cash you want to receive.
Step 3: Using your mobile bitcoin wallet, scan the QR code on the machine to send the exact amount of bitcoins required for your transaction. Make sure you send your bitcoins with a high network fee to reduce wait times.
Also, make sure you’re using a reputable wallet. Some good options include Coinbase, Exodus, and Trust Wallet, but there are more. Do your research before selecting one to ensure they have proper security protocols in place.
You can do this by reading reviews, setting news alerts for those particular wallets as well as keywords related to any cyberattacks targeting Bitcoin Wallet platforms, or by discussing it in Bitcoin-related forums.
Step 4: Receive a receipt with a redemption code (this will happen even if you sent no coins to the ATM). The receipt is important because it’s what you’ll use to retrieve your cash. Keep it in a safe place!
Step 5: To get your cash, you will need to wait for your transaction to confirm on the blockchain. The time this takes depends on the fee you paid to send your transaction. Choose a higher fee for faster confirmation. Once confirmed you will receive a text message letting you know that your cash is ready for pickup.
Step 6: Go back to the machine, touch “Redeem”, and use your redemption code to get the cash.
To sell cryptocurrency you need:
1. Your own Wallet: that’s a digital wallet in which to store cryptocurrency so you will have the funds to complete the conversion into the proper amount.
2. Cash: or rather, the amount of cash you need and the necessary fiat currency to fund the conversion.
3. Your phone number: this is necessary because the ATM will text you when the transaction is completed.
4. A Bitcoin ATM: (of course!); these are located around the world, and the instructions for using them are self-explanatory. While some states are “buy only,” Tao Bitcoin ATMs allow you to do both with peace of mind. Also, depending on the amount of Bitcoin you are purchasing, you may be required to scan or send a photo of your ID.
Bitcoin ATMs are more convenient for a number of reasons. Not only do they allow you to complete the conversion in minutes, but they also provide a level of security. If the ATM is located in a busy area, it’s less likely that someone will try to rob you.
When it comes to safety, it’s always better to be cautious. Choose an ATM in a well-lit area, preferably near security cameras. And if you’re ever in doubt, walk away and find another ATM.
Tao Bitcoin ATMs are some of the most popular in the world, so you’ll have no problem finding one near you and in locations that respect your peace and security. And with our easy instructions, you’ll be able to convert your Bitcoin into cash in no time!