Bitcoin Forum

How do botcoin ATMs work?

That would not be possible with Bitcoin. Because the founder and operator of bitcoin was anonymous and no one could know what he was doing. Therefore Bitcoin ATMs will not be available. But I believe in the revolution of Crypto, there will be altcoins doing this to beat the bank of the world.
I hope Hashcard and Credits can do this.

better see the review on YouTube)

I don't know about botcoin, but bitcoin ATMs let you put your cash in it and deposit funds into your bitcoin online wallet, depending on which wallet service they cooperate with. It's easy and straightforward process

i guess there is a chance to stand the bitcoin atm's its look like like paypal and also can help to widraw the money in the atm's if there's a bitcoin atm's right now i will use it bank account's not safe anymore and i saw it in my facebook account there atm account and there money was stolen and the money was to amount was too small and they wondering who is guilty the hacker or the atm's bank account.

It is same as that we make use of the normal ATM. In simple terms it is similar to the trade we make through exchanges. Compared to the past now the use of bitcoin atm services has decreased a lot due to the increased withdrawal fee. People find it better with exchanges, and it has caused removal of lot of bitcoin Atm from different locations.

I just heard there is ATM bitcoin and how its performance I do not know.
if indeed there is Atm bitcoin very interesting to learn how to work ..

Not to mention that price is higher there as well. As mostly what they are doing is reselling from one or another popular exchange where you can go and signup today to be able to buy/sell bitcoin. Plus I've also heard that some of them require KYC, image of your password and all that, then it's better to go with online exchanges as when you get verified there you can use them for as long as you need them, if they exist.

I think you have no idea what you are talking about and you're just another shitposter in this forum There are a lot of Bitcoin ATM worldwide and the fact that Satoshi is "anonymous" has nothing to do here. It doesn't even matter...

@rose9696

It's just a simple machine like the traditional bank ATM. Some can be used to buy only and some to do both buying and selling. Usually for selling an ID verification is needed and the machine takes a picture of your face

Bitcoin ATM machine can scan the hands of users and can make transactions up to US $1000 per day between paper currency with Bitcoin. Not only that, customers can access cash trading in Bitcoin or access Bitcoin sales and exchanges on all internet sites.

It is a machine on which you can trade fiat for Bitcoin (on some even Litecoin and Etheteum) and vice versa. You have plenty of tutorials- guides on how they are used. Basically, you put in fiat and scan the qr code from your phone so the machine can send Bitcoin or send Bitcoin and when the transaction is confirmed you can use the reciept you get to withdraw the cash. Many people say that the rates are innacurate, though.

Bitcoin ATM's are available not only in the Philippines but in some countries too (better look it up here https://coinatmradar.com/countries/). There are 10 Bitcoin ATM's and some of it is available 24/7. I've seen an article which stated The ATM imposes a fee amounting to 3% from the bitcoin price and we can buy bitcoin on it where QR Codes appears.

I have not even seen how a bitcoin ATM looks.
I live in a closed country with bitcoin technology, so I do not expect to use bitcoin ATM.

You should have searched first before giving your thoughts on Bitcoin ATM. There's a lot of Bitcoin ATMs all over the world now. The number of Bitcoin ATMs may not be comparable to the regular ATMs owned and operated by a Bank but for sure the number is growing as Bitcoin is starting to gain ground in different countries. Here is a map of Bitcoin ATMs all over the world https://coinatmradar.com/

The way the bitcoin atm is the same as the conventional atm. The way it works is that we have a smartphone device, then there's a barcode that will instruct us to do some bitcoin delivery. Well when the transaction is already in the verification then we will immediately get the money we want. But quite unfortunate because at this time bitcoin atm is still limited and not many facilities available in various places.

ATm Machine is a selected area before you doing a  transaction you just read how to work Bitcoin ATM machine thay have a tutorial via read only theres a no different how to transact in a normal atm machine.. much preffered just view in youtube theres a lot of tutorial i think so or google it..

You can get detail about Bitcoin ATM and how they works on youtube,

Bitcoin ATMs are machines used to purchase Bitcoin with cash. Our ATMS provide users with the options to buy Bitcoin, Litecoin and Ethereum. We require no ID verification, up to $9995 CAD per transaction and you get your bitcoins sent to your address almost instantly. We are the largest ATM providers in Ontario, Canada with exclusive partnership to be in the Toronto Subway line.    You can find out a little bit more about us at www.localcoinatm.com.   Of course, every country and company operates differently.

Bitcoin ATMs are definitely here to stay and anyone can learn how to use one within 30 seconds.  All you need is a bitcoin address QR code, and some cash.

i dont now im newbie

usually bitcoin ATM is made by the exchanger, why? because the exchanger is want to accept your bitcoin as many as you can and i think it will good for the user that they can sell thir bitcoin fast without find the buyer of your bitcoin but the ATm is the answer, ATM can swap your bitcoin in to a money or from the money into ATM,

I know about bitcoin ATM in my city. Its good news for me. But where are get ATM card, now not much card.

Hello. are a few installed and in roumania, I have not used the bitcoin atm so far, but I have heard only good words about them, easy to use software. commissions are relatively good, around 6-8%. I think they will be successful

There's several videos and testing on the web.

How does a Bitcoin ATM work or How to use a Bitcoin ATM? (https://www.cryptocompare.com/exchanges/guides/how-does-a-bitcoin-atm-work-or-how-to-use-a-bitcoin-atm/)
How to Use a Bitcoin ATM (https://www.youtube.com/watch?v=19tVcU4rZrU)
How To Withdraw Cash From A Bitcoin ATM (https://www.youtube.com/watch?v=SaGWnKYEYsU)
Bitcoin ATM - I went to a Bitcoin ATM! How does it work?/url]  (https://www.youtube.com/watch?v=JOVQxJ41EZc)

I still remember, last year there was a favorable restaurant payment like KFC and the like using altcoin, but I forgot the name. even my friend has tried it, he access payment via smartphone and it even really work

I've read an article about atm bitcoin, bitcoin atm very easy to use like atm money. but bitcoin atm is still very rare and is only found in some countries because bitcoin atm is still a rare thing in all countries.

I believe, maybe a future bitcoin ATM could show up.
with the development of internet technology, can happen not only ATM bitcoin but all transactions can be more instant and faster.

Why will this not be possible? If Dash and other cryptocurrencies would establish ATMs, why not bitcoin? How does anonymity of the founder affect it? So far as the code for blockchain is known, bitcointalk ATMs need be established.

One of the city here in my country  was have a bitcoin atm and just i think and based on my friends picture that this atm was almost same to the normal atm but the difference was the card because in bitcoin atm was cardless just input you wallet address and your password but for me this is not preferable because when you sell you coins the transaction fee was so high so that i used to convert or to exchange my bitcoin in banks or any remittances center.

if for now I have never known if there is ATM bitcoin, so for the way of transaction I do not know, there may be other friends who can help, then help us to learn together.

Did you read this post of yours? Are you just born yesterday? How could you say that it is not possible? Are you living underneath the sea where the news could not reach you? Bitcoin ATM is spreading and fully-operational in some areas in some countries of the world and here you are saying that it is not possible. Oh boy!

If in my area there is ATM bitcoin I think it is very fun and it is very practical with a simple way of working, we just simply send some bitcoin us by using the available code in ATM bitcoin available it.

Bitcoin ATM will be built if Bitcoin is accepted as a means of payment or become international currency.

Is there existing Bitcoin ATM now ? Good Lord. I just hear this news now and if there are really Bitcoin ATMs, it is probably  a bitcoin in exchange of fiat or vice versa. ATMs function is to withraw or deposit cash. But i think it doesnt need any cards like we do normally, just codes , address and password.

I don't really know of the coin you are talking of but if it is BTC then what I know about BTC ATM's is it can be used the same way our Fiat currency ATM'S work.

Bitcoin ATMs are good news for everyone entering the cryptocurrency market. It's very convenient and useful. I've seen some ATM Bitcoin trees in some places. In the future, I think there are a lot of Bitcoin ATMs coming out and making bitcoin as well as the cryptocurrency market more popular with everyone around the world.

ATM bitcoin can be an alternative tool for the long term because people need atm as well as the melting machine where mana.itu already become a secure financial aids in the present and future.

Bitcoin ATMs are already available in some countries. You can get cash fro bitcoins or deposit cash and get bitcoins through these easily.

Bitcoin ATMs, also called Bitcoin Teller Machines (BTMs), aren’t really ATMs in the true sense of the term. Rather, these are physical centers where you can buy Bitcoins with fiat money and with some machines, sell Bitcoins too. Bitcoin ATMs are meant to offer access to Bitcoins to those who are not a part of the banking system.

Bitcoin ATMs also cater to the underbanked and the less tech-savvy people. Some just prefer the extra privacy that some BTMs offer when it comes to buying Bitcoin. Estimates peg the number of Bitcoin ATMs all over the world at around 1600, an exponential rise from just two years back when the number hovered around 450.

You can see video on YouTube, many people made dedicated videos for this. However, these ATMs are not success because they give less cash than current rate.

ATM Bitcoin is one of the easiest and fastest ways to buy and sell bitcoins.
how bitcoin atm work is as direct sales and purchases at the atm,
we can directly send our bitcoin to our relatives or distant colleagues by directly using the bitcoin atm
and this kind of bitcoin atm is present

Genesis1 Machine from Genesis Coin
Satoshi1 or Satoshi2 from Genesis Coin
Lamassu
General Bytes BATMTwo (one way)
General Bytes BATMThree (two way)
BitAccess
Skyhook
Robocoin

The way it works is similar to ATMs in general, it's just that bitcoin ATMs do not require a credit card but the QR code is the coin purse of the phone.
In Indonesia there are also some bitcoin ATMs but not all the general public can use them, and not all stores or places in Indonesia can receive payments using bitcoins.

Here is a little video that details the use of a Lamassu machine, https://www.youtube.com/watch?v=ib8SvraeP0g  ..Not all the different models of these machines work the same and on some of them you can only buy bitcoins and on some of the others you can buy and sell bitcoins.

It is easy and fast and very convenient and we need a lot more of them. Just make sure that you check how much fees they charge, because some fees are higher than others in a different location.  ::)

in my country there are already cities that use ATM Bitcoin
state of Indonesia, precisely in Bali there are ATM bitcoin that can be used by the tourists who want to use bitcoin
https://i.ytimg.com/vi/Mk1m112G9EA/maxresdefault.jpg

I have never heard of this but will definitely go give it a look.

It could be the same as other ATMs in general. But, if I do not understand exactly. Maybe you can get the information on the search engine, internet, and other technology pages.

Bitcoin ATMs are a really good and useful tools, I have tried it once. I dont know the processes behind very well, but it is quite cool  8)

Generally, it's like every other atm, you make a crypto chip and then you send some of your assets there to make it easier for you to dilute into the currency that applies in your country, maybe like that.

lol, good one.


Bitcoin ATMs work like smart atm’s. Well, where I’m from we have smart atms these atms basically allow you to deposit and withdraw from them. The only difference is that you are depositing for bitcoin and withdrawing bitcoin. Although most of the atm’s fees are high so I would suggest using an exchange service in order to keep fees as low as possible to maximize the bitcoin you can get.

Actually bitcoin ATM booth will not be good. Bitcoin came to the market with a dream and vision to establish a payment system and digital currency that will replace the traditional flat money. The main purpose of the bitcoin is to develop a payment system that will have a low transaction fee, faster transaction system, ensuring transparency and security. Bitcoin has achieved this and many banks are using bitcoin. But bitcoin ATM booth will not be able to provide such benefits.

In Online process it’s not possible and I never heard this news before but nowadays bitcoin authorities developing their system and its acceptable for all the users so few days later we can do everything in online which will helpful for us and day by day world is getting faster and updated so nowadays everything we can buy anything from online so bitcoin can use from your online wallet system so its updating.

There are no bitcoin ATM available in the world. I think in near future the situation will not change because all bitcoin transaction are occur in the machine.

the most realistic is to provide withdrawal bitcoin to cash money offline by using QR code.

I know there are countries with atm bitcoin because they know it's legit so it's a good idea to get the bitcoin closer to the point and to see other people the importance of bitcoin so bitcoin is important to people

I think Bitcoin ATMs work the same way as ATMs selling gold in Dubai. These ATM trees link to an own online wallet and store a certain amount of Bitcoin. You will need to give your money to the place where it will be requested, the amount of money you will have to enter and your wallet address so that you can send the corresponding Bitcoin number.

Bitcoin atm also works like the money atm though with some difference. There are many bitcoin ATM in Las Vegas and they are owned by the former Boxing Champion Mike Tyson. The operation is simple if you want to cash out your bitcoins all you need to do is to scan the QR code of the atm machine then send your bitcoins to withdraw + minor fees. After sending such amount of btc you can now witdraw the money in the atm.

A question that is answerable by searching it lol. Bitcoin ATMs works almost the same function with a normal ATM, the difference is that you are not using a ATM card to withdraw money but you will send your Bitcoin to the address that ATM provided, after the transaction gets confirmed the ATM will dispense an equivalent value of that Bitcoin you sent in cash. Bitcoin ATMs have huge charges depending on the country or location. Read this https://www.cryptocompare.com/exchanges/guides/how-does-a-bitcoin-atm-work-or-how-to-use-a-bitcoin-atm/
Looks like you are out of date or don't know what you are saying. It's already possible because it is already happening and there are already lots of Bitcoin ATM scattered around the world. And what do you mean by this operator of Bitcoin? satoshi nakamoto created Bitcoin but no one operates it.

What are you talking about man? There are a lot of Bitcoin ATMs and the map and the list is available under that link https://coinatmradar.com/

I am not claiming that the information is the most current, but it is just crazy to claim there are no ATMs available in the world!

Hope I could find one in our city.

Why do you speak about facts you ignore?
There are already working Bitcoin ATMs in several countries, including Romania, Austria, Italy. I have even used them already in those countries, and they probably exist in many other places.

Another hermit spotted. Are you living in a jungle or under the sea, you don't even know that there are some Bitcoin ATMs in some areas of some countries, are you dumb or you just wanted to gain attention? Read some cryptocurrency news and go to some crypto site to help you educate your stagnant mind.

The number of ATMs in bitcoins is growing in Russia. Ten of them were recently installed in five districts of Novosibirsk by a local start-up. Last week another company announced its plans to install a hundred ATMs with crypto-currency in Moscow hotels and airport terminals, starting this month

there are so much helping tutorial in youtube, you would be able to see by your eyes and if you like to read, why don't you go for those free crypto courses man, those are cool

I am increasingly curious, which country has been using Bitcoin ATM?
I can not wait this tool is used in ASIA. :D

may be done and also developed if many are using this bitcoin and maybe banks will feel unrivaled in various countries, because it can affect the currency of the country that can make the country's currency can not sell again in the country because bitcoin already follow the use of dollars the number of calculations is very large compared to other countries. maybe this is my opinion in this forum.

bitcoin atm is has the 2 kind function of atm, as i know from youtube we can see ATM that can convert our BTC into money which is we will recive the paper money after we send bitcoin, and second is covert money into bitcoin, which is we will receive bitcoin after we deposit the money.

The process is very simple. you just enter the amount which you want in the form of cash and scan the QR code from the atm screen to get the address where you will transfer your bitcoin. once you transfer your btc on the exact address you will get the money on the spot from atm.

Bitcoin ATMs is a simple way of controlling bitcoin. only developed countries, United States of America, japan,Switzerland, Finland, Canada,etc countries sets up Bitcoin ATMs.

Bitcoin ATM works like any other typical ATM. You can use it easily for making transactions. You can both buy and sell cryptocurrency.

It does not seem to be possible now. I do not know how to work in my country. Sometimes there is no money available in normal ATM. :D :D :D

ATM machines are a selected area from which you can make money transactions. You can just find out about working Bitcoin ATM machines. ATMs have been created to exchange money. I think it would be good for the user to sell Bitcoin faster if they do not find your Bitcoin buyers.

https://media1.tenor.com/images/a75da8d93ba6291985ba77ee84fb6de3/tenor.gif?itemid=7506946

It made me laugh a lot, you know how to make a joke.


if OP has an ATM bitcoin in its country, certainly OP learned how to use, and easier to parender seeing.

@OP, next time search on youtube to make it easier for you to learn


Do not worry because in my country we have the same problem, if you want to have headache? So go to some ATM in my country that you will certainly have headaches.

Since cryptocurrencies are aimed to be used virtually, it is not possible to set up an ATM. Even if anyone tries to set ATM, crypto will lose its basic features.

Most of the Bitcoin ATMs I know are based on scanning QR codes on the phone or on the card. In addition, they created an ATM card dedicated to Bitcoin. However, its popularity is minimal because it has not been accepted in many countries. So, I think if it's approved, the digital currency industry will really be changing

I heard that such ATMs began to deceive with the help of fake notes, it seems to me that because of the crypt anonymity this will happen more often, because for example if such a turn is made with the usual ATM, then the swindler can be tracked by the sent money, but Crypto currency is anonymous, so you can buy for example a monero and remain un caught.

Bitcoin ATMs are similar to crypto-exchanges. They convert your fiat currency to Bitcoin (or vice-versa). The only difference is that the exchanges deal with money in the digital form, while in the ATMs it is in the physical form.

Bitcoin ATM's are available in Australia , South Africa , Germany, France where people can withdraw using bitcoin cards , Few companies issued the Bitcoin cards in which people can do transactions through bitcoin ATM cards.

I do not really understand how bitcoin atm works but I see the performance bitcoin atm starch is not too different from atm in general which requires identification of the owner of bitcoin balance and there is a barcode display used to find out the address of the bitcoin receiver only sesimpe it.

Yes i would love to wait here in our country that soon it would be implemented that bitcoin is now on atm's that would be so great because we can directly convert or get fiat money on the spot.

I think the bitcoin ATMs function is not perfect now. In some big cities, bitcoin ATMs may be just a propaganda way. I think we will see more of these machines in banks and big stores in the next ten years. I think bitcoin ATM works like an electronic wallet.

Most of the described devices allow you to purchase Bitcoin coins for local money. Purchased coins are transferred to the buyer's wallet with the help of a verified QR code. Some models of such devices are able to create paper wallets bitcoin at the time of purchase of coins.

Have not yet made any further research about it, But I think bitcoin ATMs has not been perfected, but can be very useful, It may really be neat and perfect for instant money withdrawals, I just do not know how it functions, but I think banks will start producing these BTC ATMs for sure.

You go to the bitcoin ATM, scan your BTC address and can then transfer money from that wallet. After 1 confirmation, you can withdraw that money from the ATM.

@@jonloner011 you seems live at the mountain, right?
Your smart phone only can transmit signal from tower.

@saaayyyeeel, you are right that there are more atm machines in the world and only mountain doesn't have yet. Maybe few years more there will be bitcoin atm there.

@@jonloner011 you seems live at the mountain, right?
Your smart phone only can transmit signal from tower.

@saaayyyeeel, you are right that there are more atm machines in the world and only mountain doesn't have yet. Maybe few years more there will be bitcoin atm there.

Bitcoin transaction by using ATM Machine is going to be a good one and more useful to the industry, Secondly many people that not believe in bitcoin, we start trust on it more. As a crypto currency that works online.

ATM is a medium that is quite outdated, it is related to the current transactions can be done through internet banking. ATM connotation is a fiat taker/transaction without going through the bank, while pure bitcoin focuses on the digital path so that the media will never match and more will only be a means of promotion only.

I think there are some Bitcoin ATM within the Asian regions, there are some in the Philippines and in some part of Singapore and Hongkong, maybe you just curious but you are dumb lazy to search where. You can not wait till it used in Asia??? Hey dude it's already there. Where did planet you came from?