Cryptocurrency is an enormously powerful stand-alone financial instrument. Whether you want to diversify your savings, or efficiently manage your capital between countries, or even pay for products and services – cryptocurrency is always there for you. But despite such versatility, you still need a way to convert crypto to fiat currency.
Kvakomat knows a way. Read this short manual to learn how to exchange Bitcoin for cash euros within minutes:
1. Locate the nearest Kvakomat on our ATM map.
2. Once you approach the ATM, press the logo of Bitcoin.
3. Press sell to initiate the transaction.
4. Answer the question and accept the terms and conditions.
5. Choose the size of the transaction, whether it is below or above €990.
6. If your transaction is above €990, you will need to complete verification.
See How to Confirm Your Identity on Transactions Above €990
7. Then, choose the exact sum you want to exchange.
8. Press «Sell».
9. Choose whether you want to receive an SMS about the progress of the transaction.
10. If yes, enter your phone number.
11. Kvakomat will print out a receipt with instructions. Remember to keep it until your withdrawal is complete.
12. Send the exact amount of Bitcoins to Kvakomat.
13. After converting Bitcoin, you will receive a confirmation SMS (if you entered your number before).
14. Press the logo of Bitcoin.
15. Press «Redeem Ticket».
16. Scan the QR code from the ticket.
17. Kvakomat will give you your money.
Selling Bitcoin (or other cryptocurrency) this way is quick and requires you to make only one Bitcoin transfer. You can sell crypto even in the middle of shopping in the same mall since our ATMs are located in worthwhile places with many stores. Learn more about features of KvaPay in our Blog!
FAQ
What is the purpose of selling Bitcoin with Kvakomat?
The purpose of selling Bitcoin with Kvakomat is to provide users with a convenient and efficient method to convert their Bitcoin holdings into cash euros. Kvakomat ATMs offer a seamless process for selling Bitcoin, allowing users to access their funds quickly and conveniently.
How does the process of selling Bitcoin with Kvakomat work?
The process of selling Bitcoin with Kvakomat involves several straightforward steps. Users first locate a nearby Kvakomat using the provided ATM map. Once at the ATM, they select the Bitcoin logo on the screen to initiate the transaction. They then proceed to select the "Sell" option, answer any verification questions prompted, agree to the terms and conditions, specify the transaction amount, attach their NFC card to the reader (if applicable), deposit the Bitcoin, confirm the transaction, and finally receive cash euros.
Are there any transaction limits or requirements when selling Bitcoin with Kvakomat?
Yes, there may be transaction limits or requirements when selling Bitcoin with Kvakomat. Users may need to specify the transaction amount and complete verification if the transaction exceeds certain limits, as outlined in the article. Additionally, users may be prompted to agree to terms and conditions before completing the transaction.