RockitCoin FAQs- How to Buy Bitcoin Using a Bitcoin ATM from RockItCoin (2024)

Buying Bitcoin, Litecoin, Ethereum, or Bitcoin Cash at a RockItCoin Bitcoin ATMis easy. We’ll walk you through this process in the steps below.

Note: It’s always best to have a Bitcoin wallet set up before you first visit a RockItCoin ATM. Click here to download the RockItCoin app.

Step 1: Find and Visit a Local RockItCoin ATM.

With 1,900+ RockItCoin ATMs around the country, there’s sure to be a RockItCoin ATM close by. Check our locations page to find one near you!

Step 2: Select “Buy Coins” and choose the amount you plan to purchase. For this example, we chose the second tier.

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You can buy as little as $10 and as much as $15,000 worth of crypto from our ATMs. Touch the screen to select the range in which you wish to purchase.

Step 3: Enter Your Phone Number, SMS Code, or Secret PIN

New users will receive an SMS code on their phones which they will be prompted to enter into the RockItCoin ATM to verify their identity. After you verify your SMS code, you will be prompted to create a 4-digit PIN. Returning users will simply need to input their secret PIN that they created during their first visit.

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Step 4: Select the Cryptocurrency that You Wish to Purchase.

All RockItCoin ATMs support the purchase of Bitcoin (BTC), Bitcoin Cash (BCH), Litecoin (LTC), and Ethereum (ETH). The process for buying any of these coins is the same, however, it is important to make sure that the wallet address you provide matches the type of cryptocurrency that was selected to purchase.

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Step 5: Enter or Scan your Digital Wallet. The wallet you scan must be under your full personal control – you cannot scan a wallet that is not yours. You can also create a paper wallet during this step, although this will be covered in a topic of its own, which you can find here.

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Scanning your wallet is highly recommended as manually entering your wallet address runs the risk of having a typo. You can find instructions on how to locate your receiving wallet address here.

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To scan your wallet QR code, hold it in front of the red light just above the keypad of the ATM. Make sure the QR code is visible on your phone’s screen.

Step 6: Confirm your Wallet Address

Double-check that the wallet address displayed on the screen matches the one that you scanned or entered. It is important that you scan a wallet address that you own and control. Remember once cryptocurrency is sent, there is no way to stop, cancel, or reverse it.

Once you’ve confirmed that the address displayed is correct, select “This is my personal wallet”.

Step 7: Insert Bills

After confirming your wallet address, the following screen will prompt you to begin inserting your bills. The bill acceptor is located below the keypad of the ATM on the left-hand side and will flash green.

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The screen will display the wallet address here as well, so you can triple check that your cryptocurrency is going to the right place. It will also display the amount of cash that has been inserted into the ATM.

Step 8: Select “Finish” and Take your Receipt

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Once you have inserted the bills into the machine, select “Finish” to complete your transaction. You will then be prompted to select a paper receipt, email receipt, or no receipt at all.

Transactions typically take 5-30 minutes for your crypto to reach your wallet, depending on how congested the network may be. The more transactions that take place, the longer it may take for your transaction to confirm. Unfortunately, RockItCoin has no control over how long it takes for your cryptocurrency to confirm.

That’s it! You now know how to purchase cryptocurrency using a RockItCoin ATM.

Congratulationson your first purchase!

RockitCoin FAQs- How to Buy Bitcoin Using a Bitcoin ATM from RockItCoin (2024)

FAQs

How to buy Bitcoin from RockItCoin Bitcoin ATM? ›

General How-To
  1. Confirm your phone number. Enter your phone number and we will immediately send you a verification SMS. ...
  2. Hold up (SCAN) your Bitcoin wallet's QR code to the machine to confirm where you want your crypto sent.
  3. Insert Cash and get Crypto!

How much does RockItCoin charge to buy Bitcoin? ›

Fees will vary, depending on the type of coin you want to use in your transaction. Our machines will charge $1.00 for all Bitcoin (BTC) transactions, $1.00 for all Bitcoin Cash (BCH) transactions, $1.00 for all Litecoin transactions, and $2.00 for all Ethereum (ETH) transactions.

How much does RockItCoin charge at ATM? ›

Crystal-Clear Fees: Beyond the spread, our fee structure is uncomplicated and straightforward: Bitcoin (BTC): $1.00 for all transactions. Bitcoin Cash (BCH): $1.00 for all transactions. Litecoin (LTC): $1.00 for all transactions.

How do I buy and send Bitcoins with Bitcoin ATM? ›

‍A: To use a Bitcoin ATM, first ensure you have a digital Bitcoin wallet. At the ATM, select the type of cryptocurrency you wish to purchase, scan the barcode of your wallet, insert cash, and confirm the transaction. The cryptocurrency will then be transferred to your wallet.

Does RockItCoin ATM require ID? ›

Using a bitcoin ATM is easy, and by using RockitCoin's BTMs, all you need to buy and sell crypto is cash, a valid ID, and your phone number. To start buying and selling cryptocurrency conveniently using our BTMs, download a crypto wallet like the RockItCoin app, and find a BTM near you!

Can I buy Bitcoin on RockItCoin app? ›

The RockItCoin app allows you to securely buy, store, send, and receive cryptocurrency like Bitcoin (BTC), Ether (ETH), Bitcoin Cash (BCH), Litecoin (LTC), Dogecoin (DOGE), Polygon (MATIC), and Tether (USDT).

How much does Bitcoin ATM charge per $500? ›

When you use a Bitcoin ATM to convert $500 into Bitcoin, the amount you receive in BTC will vary depending on the operator's fee rate: With a 10% fee, you would receive the equivalent of $450 in Bitcoin, after subtracting the fee from your $500.

How much is Bitcoin fee for $1,000? ›

Cost Breakdown for $1,000 of Bitcoin

Here's how the fees would add up: Retail Fee: Let's consider the higher end of the retail fee range ($4.95) for this calculation. $4.95 per transaction x 2 transactions = $9.90. Bitcoin Purchase/Conversion Fee: $1,000 x 11% = $110.

What is RockItCoin limit? ›

RockItCoin ATM Transaction Limits

With our ATMs, you can start small by buying just $10 worth of your preferred cryptocurrency or go big with a purchase of up to $15,000.

How much does it cost to send $1000 in Bitcoin? ›

Bitcoin transaction fees are typically measured in satoshis per byte, and the fee amount depends on the size of the transaction in bytes and prevailing network conditions. As of now, a standard Bitcoin transaction fee could range from a few dollars to around $10 or more for a transaction of $1,000.

What happens when you put money in a Bitcoin ATM? ›

The cash will be exchanged for Bitcoin at the current market rate and sent to your digital wallet. Some Bitcoin ATMs are bidirectional, meaning you can both purchase and sell Bitcoin at them.

Do I need an account to use Bitcoin ATM? ›

While some Bitcoin ATMs may ask you to create an account, not all of them do so. Most ATMs allow you to start buying Bitcoin after simply entering a text verification code.

Do Bitcoin ATMs require ID? ›

Most Bitcoin ATMs require users to submit a government-issued ID card, such as a passport or driver's license to prove their identity. Many also implement other verification methods, such as two-factor authentication or face scanning.

How to buy coins on RockItCoin? ›

When using a RockItCoin ATM, the next step will be to verify your identity by inputting your phone number and/or personal PIN. Then you will select the type of cryptocurrency you want to buy, and enter your address so the coins are properly sent to your digital wallet.

Can I buy Bitcoin on the RockItCoin app? ›

The RockItCoin app allows you to securely buy, store, send, and receive cryptocurrency like Bitcoin (BTC), Ether (ETH), Bitcoin Cash (BCH), Litecoin (LTC), Dogecoin (DOGE), Polygon (MATIC), and Tether (USDT).

How to deposit in RockItCoin? ›

Place your order for crypto on the RockItCoin app. Generate a barcode on the app to load funds at a retail location. Present your barcode and $20-$500 cash to the retail location's cashier. Your funds are added to your RockItCoin wallet to automatically complete your crypto purchase within 60 minutes.

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