We’ve all heard of Bitcoin, the figurehead for digital currency. In fact, it’s so popular that all other coins besides Bitcoin have been given their own title: “altcoins.” You may have heard of altcoins before without knowing that it simply means any digital currency other than Bitcoin.
The names and lingo can be daunting and discouraging for someone wanting to buy their first altcoin. But don’t worry, I’m going to tell you step-by-step how to get your own altcoin at a Coin Cloud digital currency machine.
Once you get to your closest Coin Cloud DCM, all you have to do is press “Start.” After this, accept a quick disclaimer and enter your mobile phone number. You’ll then be texted a verification code for your security, and you’ll type that code right back into the box that appears.
After you’ve verified your phone, you’ll be given a few options: Buy Bitcoin, Sell Bitcoin, and Altcoins. You’ll be selecting “Altcoins.”
Then you’ll see a wide variety of available Altcoins, and the option to either buy or sell. Select your Altcoin of choice and tap on “Buy.” There may be minimum amounts you have to purchase, depending on which currency you pick.
Display your digital wallet’s QR code (we recommend the Coin Cloud Wallet app for the fastest transaction) and hold your phone up to the camera on the machine to scan your wallet. Then you will be prompted to enter your chosen amount of cash. Just slip that cash into the designated slot on the front of the machine and tap, “I’m done.” The machine will then transfer your funds, and you’re all set!
Disclaimer: The information and views supplied on the Coin Cloud blog are for educational and entertainment purposes only. We are not financial advisors, so please do your research and consult with a trusted financial specialist before investing your money.
Founded in 2014 in Las Vegas, Nevada, Coin Cloud is the leading digital currency machine (DCM) operator. With over 4,500 locations nationwide, in 48 states and Brazil, Coin Cloud operates the world’s largest and fastest-growing network of 100% two-way DCMs, a more advanced version of the Bitcoin ATM. Every Coin Cloud DCM empowers you to quickly and easily buy and sell over 40 cryptocurrency options with cash.
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