A crypto wallet is the software that holds your private keys and lets you receive, store, and send cryptocurrency. To use a Bitstop ATM, you need a wallet that can display a QR code for your receive address. The ATM scans this to know where to send your crypto.
For beginners, Exodus is the simplest option: it supports over 300 assets, has a clean interface, and generates clear QR codes that scan reliably at the machine. Trust Wallet and MetaMask are solid choices if you're also interested in DeFi and NFTs.
More advanced users may prefer hardware wallets like Ledger or Trezor for long-term storage. These are physical devices that keep your private keys offline. You can still receive crypto from a Bitstop ATM using a hardware wallet. Just open the companion app, navigate to the receive screen, and scan the QR code. Hardware wallets are the gold standard for security but require more setup.
One important rule: never use an exchange-hosted wallet (like your Coinbase or Binance account address) for ATM transactions unless you've confirmed that exchange supports direct deposits. Some exchanges have strict deposit policies. For ATM use, a self-custodial wallet where you control the keys is always the safest and most reliable choice.
Was this article helpful?