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Topic: How does Bitcoin ATM work? (Read 230 times)

hero member
Activity: 910
Merit: 523
August 11, 2017, 05:35:18 AM
#3
First of all, where do you live man? There are many types of Bitcoin ATM, which some allow you to withdraw cash and others just allow you to convert cash into bitcoin without withdraw feature, usually depends on the size of the bitcoin ATM.
There's no a physical coin obviously Cheesy. Due to confirmation time that takes 10 minutes - 1 hour, more or less, you should wait until it's confirmed before withdraw allowed.
Here a good video about withdraw cash through bitcoin ATM : https://m.youtube.com/watch?v=xMA_IefqIG8
If you want to try those machines, make sure to record a video about it, maybe could help others.
legendary
Activity: 1288
Merit: 1043
:^)
August 11, 2017, 03:13:02 AM
#2
More Bitcoin ATM installed. How does Bitcoin ATM work? Does Bitcoin has a really coin which could be withdrawed?
no its not an actual, physical coin. I havent seen one in person, but from what i understand, its a network - connected machine that would ask you to send an amount of coins to a specified address and then would spit out fiat currency based on the exchange rates, allowing you to 'withdraw' your coins.
newbie
Activity: 16
Merit: 0
August 11, 2017, 12:49:41 AM
#1
More Bitcoin ATM installed. How does Bitcoin ATM work? Does Bitcoin has a really coin which could be withdrawed?
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