Wallet Stolen While Creating Backup? Here’s How Cryptocurrency Can Resolve the Problem

Can you imagine the situation when you have lost your wallet and you don’t have money at all? And you are completely alone in a foreign environment. This situation can be really familiarized with a panic situation.

But, do you know that you can help yourself with the access cryptocurrencies available with you? However, before using that, you will need to report for your wallet lost with the authorized body so that you could safe your assets present with your debit cards or credit cards.

Now, after reporting and getting your card locked, you can follow the steps as shown below to get the step by step guide to use cryptocurrency:

• Choose the cryptocurrency you own

Firstly, approach the Bitcoin atm and if it supports multiple digital currencies, you will need to choose the one you want to cash out. Here, suppose you pick Bitcoin.

• Now select the transaction method

If atm supports selling and buying, you will need to pick the option to sell Bitcoin. Some of the atm supports only one and most of them supports both.

• Enter the amount for withdrawal

Some atm allow to choose multiple predetermined sets of withdrawal amounts. Here, you will need to identify verification, whether you want to cash out more, less, or equivalent. Nonetheless, for the sake of simplicity, you need to pick the lowest option where you don’t need verification. Here, you can also withdraw that remain with the set of limits.

• Get the ticket

After you entered the withdrawal amount, you will be asked whether you want to receive sms message for transactions or not. It will be better if you choose the option for update while entering your mobile number.

Now, atm will print the ticket with the bitcoin wallet address which will be presented in the QR and text form. You will now need to send bitcoin from your wallet address to the provided address. When your Bitcoin is received, you will be able to make cash withdrawal.

If you need more help concerning to the cryptocurrency, you need to dial a mycelium support number to have the fast and prompt assistance.