Bitcoin ATM

[Superdoctor]

Wondering how Bitcoin ATM works. Haven’t operated it yet but I’ll like to know more about how it works. Do you have to login on the atm before doing any transactions on it just like logging in on blockchain or coin base app to make  transactions ?

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[1714731285]

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[Mbitr]

There’s a good website , that explains how to use a bitcoin ATM, where to find them etc.
First step is to find out which ATM machine you’ll be using ?

https://coinatmradar.com/

Hope this helps 

[Charles-Tim]

The best is to check some YouTube videos and see how it works, if you searched for it on YouTube, you will see many videos that you can check how you can use bitcoin ATM.

You do not have to login before you make use of bitcoin ATM, but you want to make a high amount of bitcoin transaction, some ATMs will request for KYC, but if low amount, your phone number would be requested for, for verification message.

[DdmrDdmr]

<…>

The procedure will vary per country and per company running the ATM. Some require KYC, some don’t (yet), limits and fees will vary even within the same country. If you’re wondering about a specific country, I’d sate that in the OP so as to get responses more in line with the country’s ATM current procedures.

[GiftedMAN]

<…>

The procedure will vary per country and per company running the ATM. Some require KYC, some don’t (yet), limits and fees will vary even within the same country. If you’re wondering about a specific country, I’d sate that in the OP so as to get responses more in line with the country’s ATM current procedures.

I think if one company is contracted to handle the ATM it will be better and the charges will be the same irrespective of your country or state hence it is a bitcoin transaction you are making. Like the ATM that is mainly used to dispense fiat currency in my country, the charges per transaction is the same but your charges are increased when you have done more than three transactions in a day. I was thinking the BItcoin ATM will be the same in terms of the charges.

[BitMaxz]

Are you planning to operate a Bitcoin ATM in your area/country?

This won't be easy it's very important that you know the regulation in your country about financial banking before you enter this business but if you are willing to start a Bitcoin ATM business then there is a full guide that you can follow including how to set them up and how it works.

Check this link https://github.com/zaowens/bitcoinsupport/blob/master/guides/bitcoin-atm-business-guide.md

[mk4]

I think if one company is contracted to handle the ATM it will be better and the charges will be the same irrespective of your country or state hence it is a bitcoin transaction you are making.

What DdmrDdmr was referring to was companies that are actually making the ATMs itself, not necessarily the businesses/companies that are buying and planting ATMs. Whereas each company running these ATMs would mostly have their own preferred fee charge.

[DdmrDdmr]

<…>

I know of one largish bitcoin ATM company that has a bunch of machines running in multiple countries within Europe, each country having different buy/sell fees, withdrawal upper limits, KYC practices, KYC exemption limits and preferred exploitation installation type (i.e. within a shop is some countries, but stand-alone closed caged facilities in others ).

What I was getting at before is that, if the OP has a certain country in mind, it’s probably better to specify it in order to tailor the responses to the condition that actually apply there.

[famososMuertos]

Wondering how Bitcoin ATM works. Haven’t operated it yet but I’ll like to know more about how it works. Do you have to login on the atm before doing any transactions on it just like logging in on blockchain or coin base app to make  transactions ?

hi super doctor! with that nick you just have to go where you find one and treat it like a patient.  

Let's go! that there is no hidden science. So, pay for the experience, in the first attempt do not spend more than the minimum, it is not hidden science or a spaceship, unless you have never used an ATM.

Anyway, you will have a "happy experience," but keep in mind the pros and cons of using an ATM and apply them according to your requirements.

[Die_empty]

Wondering how Bitcoin ATM works. 

I have watched various YouTube videos on how Bitcoin ATM works but I would have to wait for sometime to use or operate one. But I am sure like the normal ATMs, different Bitcoin ATM service providers would have their own methods of operation. But Bitcoin transactions is prohibited in my country but the youths keep taking advantage of the opportunities it offers. For now lets keep wondering. 

[Zilon]

This Bitcoin ATMS are kiosks that connects to the Bitcoin networks. They don't dispense cash rather the  allow their customers purchase Bitcoin with deposited cash. Buyers will typically scan a quick response (QR) code corresponding to their own bitcoin wallet address, to which purchased coins are transferred. My discomfort with this machines is how fat their percentage are. It only require customers with reasonable amount of Cash to pay for this high percentages. I wish the charge could be regulated or a better

https://www.investopedia.com/terms/b/bitcoin-atm.asp#:~:text=A%20bitcoin%20ATM%20allows%20customers,crypto%20tokens%20with%20deposited%20cash.

[CryptoHeadlineNews]

Wondering how Bitcoin ATM works. Haven’t operated it yet but I’ll like to know more about how it works. Do you have to login on the atm before doing any transactions on it just like logging in on blockchain or coin base app to make  transactions ?

Actually, coinatmradar.com is the best site to give you more detail information about Bitcoin ATM's, because with this site you can locate nearby ATM machine, the name of operator, fees and e.t.c so how a Bitcoin ATM works is that it enable you to buy your BTC using Fiat or withdraw your BTC into Fiat, which you will have to pay some fees which varies from one country to another and one operator to another. But YouTube is a nice place to watch some video clips to know how this actually works because it always varies from one company that produces it to another

[coupable]

It is a simple machine like the ATM used by banks. There are some of them that work only on the sales process, others on the buying process, and there are modern ones that work on both jobs.
If i can well remember, i think that for selling, user will have to do an ID verification and the machine takes a picture of his face.

Do you want to start your wn Bitcoin ATM business?
I suggest you this topic: https://bitcointalk.org/index.php?topic=5321930.
I didn't use this service. Please dyor nefore using it.

[Baimovic]

Performing ATM transactions for conventional currency exchange must use third-party applications that are owned by several developers because Crypto also uses a blockchain system that requires a network to exchange or make transactions so that only by using these applications can we make money withdrawals at bitcoin ATMs.