Best way to turn bitcoins into cash

Next, you enter your cell number. This is the phone number tied to your Bitcoin wallet. The ATM can also send you a text message verification code if you don't have a wallet. But this isn't the last security step.

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Now you enter your PIN. (You set up your PIN when you first create a Bitcoin ATM account.)

If you have a Bitcoin wallet on your phone, you can scan your unique QR code. You also have to scan your palm to verify your identity. 're there in person to place your palm in the machine. In theory, it's very secure.

Finally, you insert your cash. It's instantly transferred into Bitcoin and added to your wallet. The ATM determines the worth of your new bitcoins using several different pricing sites. In this case, one bitcoin was worth about $650.