Bitcoin Forum

Each passing day, Bitcoin ATMs are established in different countries. More precisely, ATM for crypto money. How can we use it? We can only buy / sell BTC or Altcoin with Fiat? Or any of these has features interesting?

What do you want to be able to do with? It's not a Bitcoin ATM that will let you buy stock option or subscribe an insurance for your car. It's an ATM machine to buy and sell nothing more. If you want to know how it works, go to youtube there are plenty of videos to watch.
https://www.youtube.com/watch?v=19tVcU4rZrU

Nothing more than buy or sell. There is one bitcoin ATM in my country, check https://www.youtube.com/watch?v=QFD9DQtiivs , and its located in bali. But looks like that ATM only have buy feature and don't have sell feature, i maybe wrong but usually in here, we sell bitcoin through exchanger.

So it's just an atm who you can use to buy and sell bitcoin? I know you can use a visa or mastercard type of atm to buy bitcoin so what's with these atms??

LOL you were kind enough not to call op an outright moron, very nice of you.

enough with the crypto exchange feature to fiat alone is enough. by scanning the QR code, and all processes have been completed.

First by means in a way on how to use it? Or your just asking how? And not related to altcoins or bitcoins that we can use ATM to buy and sell?

Because basing on your sentence you ask 3 questions  (base on my understanding) differently. Here I will re-write the statement that I think you are pusging through with this thread of yours.


More precisely, ATM for crypto money. How can we use it?

 (in this statement or rather questions is different your kind a telling something not asking because of the """WE"" word)

Can we only buy / sell BTC or Altcoin with Fiat?(you need to flip the 2 words to make it a question)

Answer: you can buy and sell altcoin in an exchange, also btc but when you want to get btc you can use the required ATM for bitcoin transaction like buying bitcoin or widrawing an btc to foriegn money from you exchange  wallet.


Or any of these has AN insteresting features?[/i]( an additional and word features most be first, so interesting must be last to understand it)

Are you pertaining to what? Atcoin or bitcoin? Or you subject the ATM itself?

Now I would pick ATM you can buy bitcoin, only in a store like 7/11 if it is required in your country. This is the interesting part that I experienced.

First off, there's not much Bitcoin ATMs all over the world. In fact, there are countries that only have one bitcoin ATM til date.

As for the feature or usage, right now (as per my knowledge), the common basic task a bitcoin atm can do for you is allow you to convert your bitcoin (and some other top altcoins) to fiat and vice versa. Yes, using the same bitcoin ATM will allow you to deposit cash and convert that to the cryptocurrency it supports.

Tell us your location, we might be able to help you find the nearest Bitcoin ATM which you can try out.

Firstly, as what have mentioned above let us know of which country you are, in my country we have an online app or website that we can able to convert our bitcoin into fiat and other altcoins. Just like ETH, XRP, BCH and lastly our local currency, some people here they used this as a wallet but I didn't use this as a wallet and holding for long-term it is less secure compared to other wallets. Then, therefore I used this just like ATM a converter of fiat and altcoin in my country.
Here is the demonstration of how to create on that what I have said. https://www.youtube.com/watch?v=SARs9iVuxMw

The Bitcoin ATM is truly getting launch into several countries as the days goes by. I have never been one in real. So I was hoping that sooner or later the country where I belong will come to have one of it and I will be gladly try it as I am a proud user of Bitcoin. The community of Bitcoin is keep on kicking and growing.

you are right, many countries have done it, of course, the country has formalized and legalized bitcoin or other cryptocurrencies, maybe with the existence of these machines, transactions will be more practical and easy

The question is, do you have that in your country? if you have it on your country why not just explore it?

The same feature of it with the bank ATMs but the added feature is you can buy and sell bitcoin on it and I'm not sure of it if those ATM's has added other crypto's.

I think that with this up-to-date advanced technology, I can do this. We feel that we need to keep a Bitcoi Account. I think that it will be possible for us to translate bitcoi in our existing currency or otherwise.

This feature has step by step instructions :)
https://coinsutra.com/how-to-use-bitcoin-atm/

It is possible to get two way bitcoin atm machines, but don't expect a good rate on it. You can find them in regular shops but often in ones that are a bit shady. Drug dealers go there to quickly dispose of dirty cash

This seems apparently straightforward. Are you suggesting some other utility for the machine? I would really like to know what else could be done at these machines. Of course, operations like mining are totally out of the equation. It is literally impossible. The truth however is that most countries don't even have this. So, the basic buying and selling still goes through a rigorous process. So, for me, in the country where I live, it would be a great luxury to even have these machines.

One thing people could do to bring down the transaction charges of these Bitcoin ATMs is to offer adverticement space on the display of these ATMs. So you give these ATMs a double feature, by displaying advertisements on the screen and it doubles as a ATM.

Obviously the screens will have to be a little bigger to make this more practical, but it would be a good income for the owner or person renting the ATM, because it will have a dual function.

You can even offer access to eCommerce sites via these machines, if these sites accept Bitcoin. A one-stop access point for people to buy Crypto currencies and also to use it on sites that accepts Bitcoin/Crypto currencies.

ATMs in Ubud have been dismantled by the government, maybe only the remaining ones in Jakarta. that's the news I know.
can a bitcoin ATM be used to withdraw FIAT cash?

So far I have not used bitcoin ATM yet.But I guess if we already have this, it is very easy for us to access our money using our atm.But banks will still need to study this and create another way of implementing this kind of transaction.

Bitcoin is good and if we hold it for the right time and bitcoin ATM will be not simple like other bans ATM because for it the online device will be necessary to access your detail and other information. As for as Crypto is concern so the ATM is useful for every one.

in my country there is no bitcoin atm because bitcoin is strictly banned in my country so maybe in the future there will be enough time to set up a bitcoin atm so I can only buy bitcoin through the bitcoin market and sell it.

Not all the countries have bitcoin’s ATM there are several selected countries because some of government are not accept bitcoin and the countries have bitcoin ATM used by scanning QR code.

I think basically, the use or importance of bitcoin ATM is just to exchange one's fiat to bitcoin whenever needed and most time, bitcoin to fiat. And I think this is what's going to be the much use of the ATM.

You can only buying bitcoin in bitcoin atm, that is on my country though, i guess it is the same for other countries.
Just deposit some fiat money on atm, and provide the address to receive bitcoin as much as your deposited money (depends on the rate of bitcoin).
If you want to sell back your btc, just use exchange which provide your local currency pair.

Of course, the main functions will be buying and selling bitcoins (or other cryptocurrencies). It is also possible to add some services or products for which you can pay using cryptocurrency.

Yes, in my country as well. I can only buy  bitcoin at an ATM but I can't sell it. While this feature is not available. At the same time, here bitcoin is not officially recognized and legalized.

I do not think that ATMs are needed for cryptocurrency. Cryptocurrency can be easily bought with a credit card and withdraw money to the same card then withdraw money at a regular ATM.

bitcoin atm is a good move right now to make bitcoin more popular, and i think we can do anything in the bitcoin ATM, like the withdraw money into ATM (selling bitcoin)or deposit money ( buying bitcoin)

Actually, I do not know how to use bitcoin ATM machine and until now I still hoping that I can also use bitcoin ATM machine. I want to have experience with that ATM machine and I want to know on how can I withdraw my bitcoin in to fiat. I hope this kind of ATM machine will spread in all countries.

in my country there is not yet but I think next year my country has used a bank with bitcoin and that is so that we make it easier to access finance and others in the presence of bitcoin

I think that such ATMs, we need to conduct exchange, and so far no more! This is firstly very convenient, and secondly, it is a progress for such a currency.

Crypto atm is similar to any bank atm the only difference is btc atm will have a QR code where we can fund and receive money

I think it depends on the country you belong and how they accept crypto or bitcoin currency.  Because the only things we can use bitcoin is for trading that's for sure. But here in my country I can used bitcoin for sending money, paying for my bills, and for my savings  too. 

Needed,but Bitcoin will use for buy/sell form ATM it depends your country and government.if their will be added instructions ATM card then we can use it.even I know many countries people have been use Bitcoin for their bills paying,shopping,sports.so Bitcoin use facilities will do knock every Country,I hope so.

To use Bitcoin ATMs, you can see the tutorials on Bitcoin forums because most of them have tutorials for you to use. Also, you can watch videos on Youtube because many people have videotaped how to use ATMs to load or sell Bitcoin.