How do I cash out Bitcoin in Ukraine? You can use automated teller machines (ATMs) to buy Bitcoin, just like the person on the video on the left.
An ATM or BTM is similar to a regular ATM in that it is a physical device. The ATMs on this site all have a bidirectional functionality, that is, they allows both the purchase and sale of bitcoin only in exchange for cash. They do not accept debit or credit cards and they use crypto wallets instead of cash.
At the BTMs, you can buy and/or sell not only Bitcoin, but also other cryptocurrencies such as Ether (ETH), Bitcoin (BTC), Litecoin (LTC), USDT (Tether) among others.
To sell Bitcoin or buy iQR code that you can send your Bitcoin to. Just follow the instructions on its screen. It may take a few minutes, but the machine will then dispense your cash.
This guide about how to cash out Bitcoins in Ukraine can be summarized as follows:
To be able to buy cryptocurrencies it is essential to have a wallet or a purse. It is a digital place where our cryptos are stored. Wallets allow us to store, send and receive crypto assets in a more secure way.
Each wallet must have a public and a private key, it is essential. The public key is similar to a bank account, that is, we can pass it on to anyone to send us money without the risk of withdrawing our funds. The private key on the other hand, is similar to a PIN. It protects the cryptos and in no way can we pass it on to other people.
We have 3 main categories of wallets:
Hot Wallets: Known as hot wallets, they are a type of 100% online wallet, and are used through applications or browser extensions.
Cold Wallets: Known as physical wallets or cold wallets (hardware) they work 100% offline and without the need for an Internet connection.
Paper Wallets: it is simply a physical document, such as a sheet of paper where the keys or the cryptocurrency delivery address are stored.
If you are looking for where to buy or sell Bitcoin, use the Bitcoin Map and then learn about the ATM HOURS. Check the available balance in each ATM in the List of locations where you can buy Bitcoin.
As we have explained in step 1, before using a Bitcoin ATM, you need to have a Bitcoin address that can be an application, a hardware device or a physical wallet.
That said, the important thing is your QR code. This represents your bitcoin address, so you'll need to scan it so the bitcoin ATM knows exactly where to send your BTC.
When you physically deposit cash, the bitcoin teller transfers it to bitcoin or other forms of cryptocurrency that you have requested. For example, if you deposit €200 in cash, you receive €200 in Bitcoin at the current market price, minus the ATM operator's operating fee.
You have to know that all ATMs also have to charge the ´´miner´s fee´´, that is, the commission for the miners (it is reduced from the amount of the deposit). This fee is universal for all forms of cryptocurrency transactions and is not operator dependent. Fortunately, it is usually quite low, but it is always good to check it to avoid possible surprises.
Before you cash out Bitcoins in Ukraine, you should first make sure once you've verified that you've entered the correct amount and checked the fees, all you have to do is click 'BUY' or 'CONFIRM' on the screen. The bitcoin you just bought will be sent to your Bitcoin address, which you entered earlier with your QR code.
At this stage you should wait for the transfer.
Remember that the transaction can take from 10 minutes to even an hour - that is why you should not worry if you do not immediately receive your cryptocurrencies in your digital wallet.
However, in some cases, the wait may be longer than usual. Don't worry - if the transaction takes a little longer than expected, the client will ALWAYS receive their assets. In this case, contact CUSTOMER SERVICE. Also in the CHAT by TELEGRAM you can talk with other users. Sometimes they have to wait a few days due to the "miner's fee".
In this article CONFIRMATIONS AT BITCOIN ATMS you can get more information about waiting for transactions. AND REMEMBER NOT TO PROVIDE YOUR CONFIDENTIAL DATA in any social network, for example in a TELEGRAM. Such social network is used mainly to talk with other investors who use them to exchange experiences.
