• Sun. Jul 14th, 2024

Product Guide: CoinCloud Bitcoin ATM

Maria Bartiromo

ByMaria Bartiromo

Mar 12, 2024
Product Guide: CoinCloud Bitcoin ATM

With its smooth and practical platform that makes it easy for customers to purchase and sell Bitcoin, the CoinCloud Bitcoin ATM is a revolutionary approach to cryptocurrency transactions. Designed to offer consumers a quick, safe, and easy-to-use experience, this ATM was created by CoinCloud, a prominent supplier of digital currency services.

Key Features of CoinCloud Bitcoin ATM

1. Multi-Currency Support

Numerous cryptocurrencies are supported by the CoinCloud Bitcoin ATM, such as Litecoin (LTC), Ethereum (ETH), and Bitcoin (BTC). Because of its adaptability, customers can access digital assets using a single ATM terminal, eliminating the need for different exchanges or platforms.

2. Cash-to-Crypto and Crypto-to-Cash Transactions

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With the CoinCloud Bitcoin ATM, customers may quickly and conveniently convert cash into cryptocurrencies (buy) or cryptocurrencies into cash (sell), meeting a variety of transactional demands.

3. Compliance and Security

 The CoinCloud Bitcoin ATM employs strong security and compliance protocols to protect customer data and transactions. The ATM complies with legal regulations, including Know Your Customer (KYC) and Anti-Money Laundering (AML) protocols, to deter illegal activity and protect the platform’s integrity. The machine has a camera that’s strategically located on it, and perform two major tasks: scan the user’s mobile wallets via the QR codes, and take the user’s pictures. With this feature, nobody can engage in an identity theft  and use it on the machine. 

Significant Benefits of CoinCloud Bitcoin ATM

1. Convenience

The CoinCloud Bitcoin ATM democratizes access to cryptocurrencies. The CoinCloud Bitcoin ATM provides accessibility and ease to all users, regardless of experience level.

2. Security

When making cryptocurrency transactions, customers can benefit from increased privacy and anonymity. Users can transact with cash, mobile wallets, or bitcoin using the CoinCloud Bitcoin ATM without sacrificing anonymity, unlike internet exchanges that demand a great deal of personal information.

3. Velocity

Users may finish their transactions in minutes with the quick and easy transaction processing provided by the CoinCloud Bitcoin ATM. When using CoinCloud Bitcoin ATMs, users can count on prompt and dependable service whether they buy or sell cryptocurrency.

A Step-by-Step Guide on How to Use A Coin Cloud Bitcoin ATM 

Step 1

Slot Card and Select Language

Users will be asked to choose their language after slotting the card in the slot space. To continue with the transaction, select the preferred language from the list of alternatives.

Step 2

Select the Type of Transaction

After you choose your chosen language, the ATM will display a list of available transaction types. Decide whether you want to buy or sell bitcoins depending on your demands.

Step 3

Select Cryptocurrency

The ATM will request to select the cryptocurrency to transact with after the chosen transaction type. Litecoin (LTC), Ethereum (ETH), Bitcoin (BTC), and other cryptocurrencies are commonly supported by Coin Cloud Bitcoin ATMs. Users must choose the cryptocurrency from the alternatives they wish to buy or sell.

Step 4

 Input the Transaction Value 

Indicate the amount you want to transact after choosing the coin. Users must also indicate the desired amount of fiat currency if they buy cryptocurrencies. They are also expected to show the quantity of cryptocurrencies they wish to sell while in the process.

Step 5

Present Identification (if needed)

Before finalizing the transaction, users may be asked to present identification contingent on their area’s legal and regulatory framework. Enter any required information or identity documents on the ATM’s screen when prompted.

Step 6

Verify Transaction Details 

A summary of the transaction details, including the quantity of cryptocurrency to be purchased or sold, the exchange rate, and any relevant fees, will be shown on the Coin Cloud Bitcoin ATM. Examine the data thoroughly to make sure it is accurate.

Step 7

Complete Transaction

Confirm the transaction when the information has been verified. Use the ATM’s cash slot to deposit the necessary quantity of cash when buying cryptocurrencies. 

Step 8

Pick up the printed receipt from the Coin Cloud Bitcoin ATM

This serves as documentation of your transaction. Important information, including the transaction amount, currency rate, and timestamp, may be included in this receipt.

NB:

Only 20% of Bitcoin ATMs has this feature.

Most importantly:

Coin Cloud Bitcoin ATM, aside from Bitcoin, also supports Litecoin (LTC), Ethereum (ETH), USD Coin (USDC),  Shiba Inu Coin (SHIB), and lots more. It can be found in Brazil, and 47 states in the United States.

Maria Bartiromo

Maria Bartiromo

Maria Bartiromo is a renowned news writer and journalist, celebrated for her insightful reporting and authoritative voice. With a career spanning years, she has established herself as a trusted source of accurate and comprehensive news analysis, keeping readers informed on vital global developments.

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