It varies from machine to machine but the process is pretty similar for most of them.
Have a look at these youtube videos to see how to use one.
https://www.youtube.com/watch?v=19tVcU4rZrU
https://www.youtube.com/watch?v=xajKjxxRL04
Topic: How do Bitcoin ATM's work? (Read 136 times)
I've bought Bitcoin in the past from an automated machine. It was a multi-purpose machine (you can pay your utilities on it and many other things).
It certainly didn't create/print a paper wallet and I think that it should not do that - there can arise questions whether the private keys of those paper wallets are actually private, since such a machine has to log its operations in case anything goes wrong.
I had to enter (type!) the wallet address where I want my new Bitcoins to be sent. It accepted full address or shortened ones, but I don't remember right now what was the accepted address shortener.
It certainly didn't create/print a paper wallet and I think that it should not do that - there can arise questions whether the private keys of those paper wallets are actually private, since such a machine has to log its operations in case anything goes wrong.
I had to enter (type!) the wallet address where I want my new Bitcoins to be sent. It accepted full address or shortened ones, but I don't remember right now what was the accepted address shortener.
The process may vary from an ATM to ATM but it usually they scan the QR code of your receiving address from your phone so the funds will be directly sent to your wallet and you don't need to import or sweep them.
Does it just print out a paper wallet? Tired of waiting for my bank to take two weeks to send money to my exchange. Has anyone got experiences of these ATM's?
You can scan code to get the private key and then you can use the private key to gain access to bitcoins you've bought
Does it just print out a paper wallet? Tired of waiting for my bank to take two weeks to send money to my exchange. Has anyone got experiences of these ATM's?
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