Bitcoin ATM Withdrawal Guide 2023

  • By Ian Cheeseman
  • July 12, 2023
bitcoin ATM withdrawal guide

Are you looking to unlock the value of your Bitcoin and convert it into real-world cash? 

As the cryptocurrency market continues to evolve, the need for convenient and secure methods to convert Bitcoin to cash has become increasingly important.

With the advent of Bitcoin ATMs, the process of withdrawing cash from your Bitcoin holdings has become more accessible and user-friendly. This is especially true when considering the comprehensive reach of Localcoin ATMs, ensuring you’ll find one nearby.

This comprehensive Bitcoin ATM withdrawal guide will act as your gateway into the world of Bitcoin withdrawals and provide you with a step-by-step process to sell Bitcoin instantly for cash. The guide will explore how to locate the nearest Bitcoin ATM, the necessary preparations to make, and the exact steps involved in conducting a successful withdrawal. 

5 Steps to Withdraw Money from Bitcoin ATM

Localcoin offers a convenient pre-sell online service. With this feature, you can sell your Bitcoin in advance and pick up the cash at your preferred sell ATM location after blockchain confirmation to avoid any waiting period–to take advantage of our Pre-Sell Online feature, simply click here.

1. Find Your Closest Bitcoin ATM


To begin, select the Localcoin ATM location from which you want to withdraw your cash. You can easily find a Localcoin ATM by entering your address or postal code in the search field.

Click here to find the Localcoin Bitcoin ATM nearest to your location.

2. Select Amount


Choose the amount of Bitcoin you wish to sell. Enter the value in $50 or $100 increments, depending on the ATM you have selected. This allows you to specify the exact amount you want to convert into cash–the process will look like this: 

3. Verification


Take a moment to read through the Terms of Service provided. Then, provide your mobile phone number so you receive a text message containing a security code. You should receive the SMS text immediately after entering your mobile number. Enter the PIN code provided to complete the verification process. Remember, your Redeem Ticket will only be valid at that specific machine. 

4. Send Bitcoin


Send the exact amount of Bitcoin specified to the QR code provided. It's important to complete the transaction within 30 minutes. Please note that the confirmation of your payment may take a few minutes. 

Once the transaction is confirmed, you will receive an SMS notification indicating that you can proceed with the Bitcoin ATM cash withdrawal. Keep in mind that in rare cases, the confirmation process may take up to an hour due to network congestion.

Note: It is highly recommended to send Bitcoin from your personal wallet, such as Trust Wallet, Blue Wallet, or Exodus, rather than from an exchange like Shakepay, Coinbase, or Newton, as exchange withdrawals may be subject to delays.

5. Go to the Bitcoin ATM and Withdraw Cash


At the time of withdrawal, follow these steps on your mobile device while standing in front of the ATM. The QR code displayed on your screen will be necessary for the withdrawal process.

  • Click on the "Generate Ticket" button to proceed. 
  • Shortly after, you will receive an SMS text containing a PIN code. 
  • Confirm the code to generate a Redeem Ticket QR code.
  • At the Localcoin ATM, select the "Redeem Ticket" option on the screen. 
  • Scan the QR code generated by the Redeem Ticket to receive your cash. 

It's important to perform this step on your mobile device in front of the ATM for a smooth and efficient withdrawal process.

And that is it! You have successfully withdrawn money from a Localcoin Bitcoin ATM!

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