Author

Topic: How does a Bitcoin ATM actually work? (Read 541 times)

legendary
Activity: 1512
Merit: 1011
April 01, 2014, 11:21:02 AM
#5
it don't have palm check / eye check / face check ?
that it's a good thing  Wink
newbie
Activity: 6
Merit: 0
April 01, 2014, 10:58:10 AM
#4
Hi there, check out our web site www.bitcoinATMsg.com there you can see how to use it, including a video. It is very simple 1) scan your QR code 2) insert bills 3) Click send. You will have a confirmation within a few seconds. If you have questions you can email us on [email protected] Thanks!
sr. member
Activity: 364
Merit: 250
April 01, 2014, 06:12:51 AM
#3
Yeah would be great to see a list of video around the world and to contribute how to use a certain type of ATM, would be great tool for newbies and myself Grin
newbie
Activity: 20
Merit: 0
April 01, 2014, 05:27:24 AM
#2
Hi there, it depends on what company placed the ATM. They work different.
Here is a vid I made from Bitcoin Suisse ATM https://www.youtube.com/watch?v=-FVV69ymbh0

But there are others around, that work not as user friendly as this one ( so I read on the forums)

greets Cheesy
legendary
Activity: 1001
Merit: 1003
April 01, 2014, 04:54:27 AM
#1
There are a few bitcoin ATMs in Singapore. Has anyone used such an ATM?

I want to know how they work.

Say I want to buy bitcoins...

I know I have to give them banknotes, or maybe use my debit card (would be great if that's allowed)
Then what next?

Do I give them a bitcoin address (how?)
Or does it give me a preassigned address with the private key?

And finally, how is the rate decided?
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