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STATE OF CALIFORNIADepartment of Financial Protection and Innovation GOVERNOR Gavin Newsom COMMISSIONER Manuel P. Alvarez IN REPLY REFER TO: FILE NO: May 25, 2021, SENT BY EMAIL Re: Request for Interpretive
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01
Start by locating a bitcoin ATM kiosk near you. You can use online directories or smartphone applications to find one.
02
Approach the bitcoin ATM kiosk and select the language of your choice.
03
Choose the option to 'Buy Bitcoin' or 'Sell Bitcoin', depending on your needs.
04
If you want to buy bitcoin, enter the amount you wish to purchase and insert the cash into the ATM. If you want to sell bitcoin, follow the prompts to transfer your bitcoin funds to the ATM's designated address.
05
Provide the bitcoin wallet address where you want the purchased bitcoin to be sent, or receive a printed paper wallet if you are selling bitcoin.
06
Confirm the transaction details and wait for the bitcoin ATM kiosk to process the transaction.
07
Once the transaction is completed, you will receive a confirmation message and a receipt.
08
If you have any issues or questions, use the provided customer support contact information or seek assistance from the bitcoin ATM kiosk operator.

Who needs bitcoin atm kiosks not?

01
Bitcoin ATM kiosks are useful for individuals who want to conveniently buy or sell bitcoin using cash.
02
People who prefer to maintain their financial transactions offline and avoid using traditional bank accounts may also find bitcoin ATM kiosks beneficial.
03
Tourists and travelers who are in a foreign country and don't have access to local banking services can use bitcoin ATM kiosks to exchange their cash for bitcoin.
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Bitcoin ATM kiosks are not physical locations where you can withdraw cash.
Bitcoin ATM kiosks are not required to be filed by any specific individual or entity.
There is no specific form or process to fill out for bitcoin ATM kiosks, as they are not required to be filed.
The purpose of bitcoin ATM kiosks is not related to financial transactions or withdrawals.
No information needs to be reported on bitcoin ATM kiosks, as they are not a reporting requirement.
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