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Author Topic: Bitcoin ATMs  (Read 330 times)
Atang Sulaeman
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May 17, 2018, 05:10:34 AM
 #41

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

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May 17, 2018, 05:27:14 AM
 #42

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.
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May 17, 2018, 05:52:54 AM
 #43

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.  Roll Eyes


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May 17, 2018, 07:53:12 AM
 #44

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

Vertex_ICO
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May 17, 2018, 08:06:09 AM
 #45

I have never heard of this but will definitely go give it a look.
Ch01ce0N3
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May 17, 2018, 08:23:33 AM
 #46

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.

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May 17, 2018, 09:16:12 AM
 #47

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  Cool

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May 17, 2018, 10:35:50 AM
 #48

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.

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May 17, 2018, 12:14:56 PM
 #49


better see the review on YouTube)

lol, good one.

How do botcoin ATMs work?

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.
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May 17, 2018, 01:00:45 PM
 #50

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.
sainaselalisa
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May 17, 2018, 01:01:50 PM
 #51

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.
jonloner011
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May 17, 2018, 01:04:23 PM
 #52

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.
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May 17, 2018, 01:07:04 PM
 #53

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

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May 17, 2018, 01:08:48 PM
 #54

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

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May 17, 2018, 01:12:14 PM
 #55

How do botcoin ATMs work?
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.

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May 17, 2018, 01:15:58 PM
 #56

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.
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May 17, 2018, 01:21:42 PM
 #57

How do botcoin ATMs work?

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/
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.
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.

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May 17, 2018, 02:36:37 PM
 #58

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.

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!
CottonGuy
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May 17, 2018, 02:37:40 PM
 #59

How do botcoin ATMs work?

Hope I could find one in our city.
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May 17, 2018, 02:45:53 PM
 #60

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.

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.

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