How to Sell Crypto for Cash
Choose the selling method that works best for you.
💻1. Pre-Sell OnlineStart your transaction online and collect your cash at your chosen ATM once the blockchain transaction is confirmed. |
🏧2. Sell at a Crypto ATMVisit one of our ATMs, select “Sell,” follow the instructions to send your crypto, and withdraw your cash once the transaction requirements are met. |
Pre-Sell Online: Step-by-Step Guide
Localcoin makes it easy to sell supported cryptocurrencies online and collect cash at your preferred ATM location. Start your transaction in advance and pick up your cash once the blockchain transaction is confirmed.
To get started, visit our Pre-Sell Online service: Click here.
Step 1 - Find your Nearest ATM
a) Select the Localcoin ATM location where you want to withdraw your cash from.
Please note: You will only be able to withdraw cash from the machine selected
Step 2 - Verification
a) Read over the Terms of Service.
b) Provide your mobile phone number, and we will send you a text message with a security code.
c) You should receive an SMS text immediately after entering your mobile phone number.
d) Enter the PIN code provided.
Step 3 - Select Amount
a) Select the amount of crypto you want to sell.
b) Enter a value in $50 or $100 increments (depending on the ATM selected) that you would like to sell
Step 4 - Send Crypto
a) Send the exact cryptocurrency amount to the QR code provided.
b) You will need to complete the transaction within 30 minutes.
c) Your payment will take a few minutes to confirm.
d) Once the transaction is confirmed, you will be notified by SMS when you can withdraw your cash. This could take up to an hour in rare cases, depending on network congestion.
Please note:
- If the exact amount of crypto stated in the instructions is not sent, it will result in a transaction failure and will require a manual refund, which can take up to 5 business days.
- We recommend sending from your personal wallet (such as Trust Wallet, Blue Wallet, Exodus, etc.) and NOT an exchange (Shakepay, Coinbase, Newton, etc.), as exchange withdrawals can be delayed and have hidden fees that will not be accounted for in the final amount sent.
- Sending from a cold storage wallet is not recommended
- Either check with your cold storage hardware provider if this transaction is compatible with your hardware or transfer to a personal wallet (such as Trust Wallet, Blue Wallet, Exodus, etc.)
Step 5 - Go to the ATM and Withdraw Cash
Proceed to the withdrawal location selected at the beginning of the transaction.
On the Localcoin ATM, choose "Withdraw".
Enter your one-time password and select the transaction to withdraw.
That's it! The ATM will now dispense Australian dollars in exchange for your Bitcoin.
To get started with a pre-sell online transaction, please click this link!
Sell at an in-store Bitcoin ATM: Step-by-Step Guide
Sell your supported cryptocurrency for cash at a participating Localcoin ATM. Find a machine that supports selling, follow the on-screen instructions, and send your cryptocurrency from your personal wallet to complete your transaction.
Before You Visit a Bitcoin ATM
To sell cryptocurrency at a Localcoin ATM, make sure you have:
A personal cryptocurrency wallet with the supported cryptocurrency available to send.
Access to your mobile phone to receive a one-time passcode (OTP).
A way to complete identity verification, if required for your transaction.
You'll need to send your cryptocurrency to the wallet address provided during the transaction.
Step 1 - Find a Bitcoin ATM with sell capabilities near you:
Use our interactive map to find the closest sell machine to you and be sure to select the "Show Sell" option.
Step 2 - Select "Sell"
- Tap the machine's touchscreen, then read the on-screen prompt.
- Select the cryptocurrency you want to sell.
- Select "Sell"
- Enter your phone number and enter the one-time passcode (OTP) delivered to you by SMS/text
*ID verification may be required for larger transactions
Step 3 - Select Amount to Sell
- In intervals of $50 CAD or $100 CAD, tap the "+" button(s) to add to the amount of crypto you wish to sell or tap the "-" button(s) to subtract from the amount you wish to sell.
- Tap "Sell Bitcoin" to confirm the transaction
Please note that there will be a service fee, which varies based on the current market price.
Step 4 - Send Crypto
- The machine will display a QR code; this code has both the receiving address and the correct crypto amount encoded in it. Using your mobile wallet, scan the QR code, and the crypto value will already be populated!
- Send the crypto to the QR code shown on-screen
- You will have to wait for your transaction to be confirmed on the blockchain; once it is ready, you will receive a text indicating your withdrawal is ready.
Step 5 - Receive Cash
- Once you have received a text indicating your withdrawal is ready, tap the machine's touchscreen and select "Withdrawal Cash"
- Enter your phone number, and enter the OTP delivered to you by SMS/text
- Note: This code will be 9 digits long, not the usual 5 digits
- Select the transaction you would like to withdraw. The transaction ID will match the one texted to you earlier.
- All done! Your cash will be dispensed and is ready for you to use!
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