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How to Use a Bitcoin ATM - ChainBytesHead to the location of the Bitcoin ATM. Insert the amount of cash needed for the transaction, similar to inserting money in a regular ATM; Provide. You do this via a peer-to-peer cryptocurrency exchange or using their wallet. Once it reaches their wallet, the recipient can hold onto the cryptocurrency or cash it out to local currencies using an exchange. Step 1: Locate a Bitcoin machine and select �Send Bitcoin� on the main screen. Step 2: Enter the recipient's Bitcoin address using the machine's.