Other common terms used for selling bitcoin are: “Cashout” and “Exchanging”
Please note NOT all Bitcoin ATM machines can sell (cashout) your bitcoin. Only the machines that look like this can cashout your bitcoin.
Select the cryptocurrency you want to sell
Agree to the terms & conditions on the screen
Define the amount of transaction to sell (depending on the amount different verification procedures might apply, e.g. SMS verification, ID scan & Selfie.
Enter phone number
Type in a one-time passcode that was sent via text to you.
Choose the amount you want to sell.
ALWAYS choose an amount less than what you have because of backend fees.
The receipt will contain a wallet address whereto a particular amount of bitcoins to be sent. KEEP this receipt, you will redeem your cash with the same receipt.
Send bitcoin by scanning the QR code.
Open your mobile app where your bitcoin is stored and select SEND. Look for a QR code icon and/or SEND button and scan the QR code on the receipt. It should automatically fill out the amount and the destination. BE SURE you have enough funds and the amount matches exactly what is stated on the receipt.
Redeem Cash at ATM
You will receive a text message once your cash is ready. Select “Redeem ticket” on the ATM and scan the same QR code from receipt, you will be given cash immediately.