In my country we dont have bitcoin ATM, i wonder how it's work??
You put the money, you put your Bitcoin Address and you are good to go. Is as simple as that. The BTC will later arrive in your BTC wallet.
Topic: How ATM bitcoin work??? (Read 925 times)
You put the money, you put your Bitcoin Address and you are good to go. Is as simple as that. The BTC will later arrive in your BTC wallet.
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These bitcoin ATM's have a direct connection to an exchange so they can convert Fiat to Bitcoin against the real time exchange rates.
You can actually buy your own Bitcoin ATM online.
A guy I know put a Bitcoin ATM in his shop.
He actually bought it online and configured it himself.
You can actually buy your own Bitcoin ATM online.
A guy I know put a Bitcoin ATM in his shop.
He actually bought it online and configured it himself.
The bitcoin ATM looks like a normal one, but it doesn't work the same. You can't withdrawal bitcoin, as it's not a physical currency, and it accepts only cash.A Coinsource bitcoin ATM allows you to buy up to $3,000 worth of the cryptocurrency, which is less than one coin.
In my country we dont have bitcoin ATM, i wonder how it's work??
Bitcoin ATM would really works because even though we don't have a bitcoin ATM , still i have idealized how it works. You let the machine scan your QR code, then put some fiat bills. Wait for the confirmation and then you receive the amount of bitcoin that you need . But I think the bitcoin that is converted from the fiat is not 100% same as your convert thing said. Of course there is some deductions but it is only little so it not a big problem since the fee is small. 
Bitcoin Automated teller machine or Atm is used to buy and sell bitcoins, it works like a normal fiat Atm's to start with it you need to choose the language then start by clicking the buying bitcoins option if that Atm supports then choose amount, enter mobile number for verification for transacting large amounts you will be required to scan ID choose your wallet, then scan the QR code on receive options of your wallet then insert cash bills and click send to finish the transaction collect the receipt from the atm or provide email id for notification of the successful transaction for selling bitcoins also same process is carried out except you need to scan QR code of send options of your wallet and the amount to receive in fiat currencies should be entered rest all the transactions are similar to buying bitcoins.
I dont know if bitcoin in the philippines has atm cards but virtual card i think coins.ph has. I dont think we need to have atms because we can withdraw our money using banks and other mode of withdrawals.
A Bitcoin ATM allows users to buy and sell Bitcoins for cash.
Bitcoin ATM’s can be more expensive than online transactions as the infrastructure cost is higher – i.e. building an actual ATM and the steps that are actually needed to transfer the money and Bitcoins.
The first step is to scan her identification which the ATM then validates.
Then the user feeds in some cash and generates a QR code from her wallet – a QR code being a large square of black and white pixels. Then the user sends the Bitcoins to the presented address.
Some ATM’s generate a paper wallet – or offline wallet – essentially a bearer instrument of the Bitcoins.
Bitcoin ATM’s can be more expensive than online transactions as the infrastructure cost is higher – i.e. building an actual ATM and the steps that are actually needed to transfer the money and Bitcoins.
The first step is to scan her identification which the ATM then validates.
Then the user feeds in some cash and generates a QR code from her wallet – a QR code being a large square of black and white pixels. Then the user sends the Bitcoins to the presented address.
Some ATM’s generate a paper wallet – or offline wallet – essentially a bearer instrument of the Bitcoins.
Bitcoin ATM's work like this. You follow the instructions and it will involve you scanning a QR code on the screen so you can receive bitcoins. Different BTMs offer different levels of privacy.
All ATMs looks the same including bitcoin. But it connects to the internet unlike others that connects with banks. Bitcoin atm allows us to exchange our bitcoins to paper money
I don't think a crypto currency requires an ATM. Its more safer in our wallets than being in an ATM. Only fiat currencies require physical ATM. Alll work is done online. Even the exchange takes less time. It can be exchanged and taken from our local bank ATM.
A Bitcoin ATM allows you to buy and sell Bitcoin quickly and conveniently and also anonymously just like a credit card ATM, but only for Bitcoin instead.
As the above mate mentioned is the accessibility of bitcoin atm. During the early days there were very small number of bitcoin atms available and it provided the ease of accessing, but has an increased transaction charges. Just because of this, several ATM's were closed around different locations around the globe. Now further implementations were taking place much in Japan. 
A Bitcoin ATM allows you to buy and sell Bitcoin quickly and conveniently and also anonymously just like a credit card ATM, but only for Bitcoin instead.
A bitcoin ATM is an internet machine that allows a person to exchange bitcoins and cash.
Hi all, if you are interested in helping us to manage our bitcointalk announcement page please contact us in our telegram handle @BoonTech
Hi all, if you are interested in helping us to manage our bitcointalk announcement page please contact us in our telegram handle @BoonTech
In my country we dont have bitcoin ATM, i wonder how it's work??
We are sailing in the very same boat. Neither does my country has any bitcoin ATM its more like a dream getting a bitcoin ATM in my locality because I think I might be the only one person here in my area who knows about bitcoin 
In my country we dont have bitcoin ATM, i wonder how it's work??
I think ATMs with Bitcoin work together which people need each other for ATMs to save money and Bitcoin to earn money, so same work
ATM Bitcoin machine is devices that can provide people with bitcoins with just simple click botton. It has different of what we are used to. Because you don't need to insert in a machine they have a QR code or Quadratic Residue code to run under the bitcoin machine scanner.
In my country we dont have bitcoin ATM, i wonder how it's work??
I think ATMs with Bitcoin work together which people need each other for ATMs to save money and Bitcoin to earn money, so same work
What you've to know that there are many types of bitcoin ATM obviously.
Some bitcoin ATM machines support buy and sell bitcoin and there are some types that support only buy bitcoin (for your cash).
Here the list https://coinatmradar.com/manufacturers/
Genesis Coin (674 locations)
General Bytes (304 locations)
Lamassu (242 locations)
BitAccess (48 locations)
BitXatm (36 locations)
BTC facil (23 locations)
Covault (21 locations)
Skyhook (15 locations)
LocalBitcoins (12 locations)
zzBit (7 locations)
CoinOutlet (7 locations)
BitTeller (6 locations)
And, pay attention to bitcoin ATM fees and confirmation time as it will be different on each type of machine and depend on blockchain network.
Some bitcoin ATM machines support buy and sell bitcoin and there are some types that support only buy bitcoin (for your cash).
Here the list https://coinatmradar.com/manufacturers/
Genesis Coin (674 locations)
General Bytes (304 locations)
Lamassu (242 locations)
BitAccess (48 locations)
BitXatm (36 locations)
BTC facil (23 locations)
Covault (21 locations)
Skyhook (15 locations)
LocalBitcoins (12 locations)
zzBit (7 locations)
CoinOutlet (7 locations)
BitTeller (6 locations)
And, pay attention to bitcoin ATM fees and confirmation time as it will be different on each type of machine and depend on blockchain network.
That's so many Bitcoin ATM after all I just encountered 1 but I haven't use it yet because of lack of knowledge in using it even if there is an instruction on the side lol, maybe I am just lazy in using it, but it will be a big help if my country would add many ATM's that will let us exchange fiat money to bitcoin or vice versa that will be a hustle free from our side because we are currently using an ATM from a bank to exchange bitcoin to fiat, and the only availability of exchanging bitcoin to fiat is only 1 bank so a bitcoin ATM worldwide will be helpful.
In my country we dont have bitcoin ATM, i wonder how it's work??
Neither is it in my country, but I can still use a Bitcoin Debit Card here in my country. I don’t really think there is any difference between the Bitcoin ATM and the regular Bank ATM, as far as you can use the same debit card.
It's different depending on the company behind it. Most ATMs accepts cash, while some (very few) only accepts credit cards. From then on you can buy bitcoins from the atm, with a fee, many ATMs have a fee of 10% to 15%. After everything is done, the ATM will print out a paper wallet. Some ATMs even allows cash withdrawals, which I find exciting. You send some bitcoins to an address that the ATM gave you, and it spits out cash! Awesome right
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