How does a Bitcoin ATM work?

3 answers

• May 09, 2022 · 3 years ago
  Sure! When you approach a Bitcoin ATM, you'll first need to select the language and enter your mobile number for verification. Once verified, you can choose to buy or sell Bitcoin. If you want to buy, you'll need to scan your Bitcoin wallet QR code or enter your wallet address manually. Then, insert cash into the ATM, and the equivalent amount of Bitcoin will be transferred to your wallet. If you want to sell, you'll need to select the amount you want to sell, and the ATM will generate a QR code for you to scan with your Bitcoin wallet. After confirming the transaction, the ATM will dispense cash equivalent to the amount of Bitcoin you sold. It's a simple and convenient way to buy or sell Bitcoin without the need for a traditional exchange.
  750

  375
• May 09, 2022 · 3 years ago
  Bitcoin ATMs work just like regular ATMs, but instead of dispensing cash, they allow you to buy or sell Bitcoin. You can think of them as physical exchanges where you can convert cash into Bitcoin or Bitcoin into cash. They provide a user-friendly interface that guides you through the process step by step. It's a great option for those who prefer a more private and secure way to transact with Bitcoin.
  404

  135
• May 09, 2022 · 3 years ago
  At BYDFi, we believe in making cryptocurrency accessible to everyone. Bitcoin ATMs are a key part of our mission. They provide a convenient way for people to buy or sell Bitcoin without the need for a computer or smartphone. With our extensive network of Bitcoin ATMs, you can easily convert cash into Bitcoin and vice versa. Our ATMs are secure and user-friendly, ensuring a seamless experience for our customers.
  414

  104