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Title: How does Bitcoin ATM work? Post by: hb.top on August 11, 2017, 05:49:41 AM More Bitcoin ATM installed. How does Bitcoin ATM work? Does Bitcoin has a really coin which could be withdrawed?
Title: Re: How does Bitcoin ATM work? Post by: subSTRATA on August 11, 2017, 08:13:02 AM 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. Title: Re: How does Bitcoin ATM work? Post by: Rahar02 on August 11, 2017, 10:35:18 AM 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 :D. 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. |