Topic: Bitcoin ATMs – how it works and KYC compliance - page 2. (Read 252 times)
I really think this is convenient For people that wants to buy bitcoin and make a trading or add to their hodl bitcoin, And not convenient for the one that wants to sell their bitcoin, I think they can really improve this by providing a buy and sell services for its users, Well I am saying this because in my country we are using a wallet that lets us withdraw bitcoin on a provided bank by the wallet using the bank ATM itself, I really think this can be more convenient for all buyers and sellers as well.
Bitcoin ATMs accept cash and sell you crypto in return. Operators make their profit by putting a markup on each sale. In addition there is usually a transaction fee, fixed per transaction to cover the mining fee associated with transferring coins. There are also Bitcoin ATMs that allow you to sell your crypto. These machines are generally popular in locations with many tourists but you will find them all over the world nowadays. For more information visit www.generalbytes.com (disclaimer, I work at GENERAL BYTES, before that, I was an independent operator)
already about 3000 ATMs in the world stand on receiving crypto coins! I hope that soon it will stand on every corner! Already actively emerging new companies that want to implement their projects with their terminals to receive crypto payments!
Bitcoin ATMs not work like regular ATMs which giving money cash in hand so Bitcoin ATMs transaction will be digital and bitcoin exchanges and wallets takes time for transferring bitcoins whenever transaction not get confirmation on blockchain, if peoples wanna send bitcoins and money then they can send bitcoin or equal money of their bitcoins from bitcoin ATMs.
Personally, I have not used bitcoin ATMs before and I have a lot of questions. However, I realized that this is not an ordinary ATM, as we used to see. I was just thinking about what would be an ATM to install in my city and I had a question, but in General it is profitable. What is the payback period? Is it worth investing?
Bitcoin ATMs are like regular ATMs but with a slight difference instead of giving out money, they accept it. As bitcoin is a virtual currency, you can’t really withdraw it.
What you guys think about it.
Read More: https://shuftipro.com/blogs/bitcoin-atms/
What you guys think about it.
Read More: https://shuftipro.com/blogs/bitcoin-atms/
It doesn't work like a bank's ATM wherein you already have your own account and balance and you withdraw it. You are essentially trading your local currency into bitcoins and vice-versa, so there's really no 'withdrawing' part happening. It doesn't really do much besides the convenience it gives to the end-user who needs the coins and cash. Usually, exchanges take a long time to process withdrawals and buying sometimes is a bummer, especially if you are crammed within a few minutes of finalizing the transaction for a payment etc.
Bitcoin ATMs are like regular ATMs but with a slight difference instead of giving out money, they accept it. As bitcoin is a virtual currency, you can’t really withdraw it.
What you guys think about it.
Read More: https://shuftipro.com/blogs/bitcoin-atms/
What you guys think about it.
Read More: https://shuftipro.com/blogs/bitcoin-atms/
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