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Bitcoin: Buying from a Bitcoin ATM Machine using cash.How To Withdraw Cash From A Bitcoin ATM? � Find a machine near you. � Enter the amount of bitcoin you want to sell (the amount will be converted. Select Buy Bitcoins at the ATM and select the amount that you will be spending. � Depending on the amount you are transacting, you will need to enter your phone. bitcoin ATM and launched an online app allowing individuals to buy and sell bitcoins using mobile phones, skirting local banking regulations.