How does a Bitcoin ATM actually work?

[Amitabh S]

There are a few bitcoin ATMs in Singapore. Has anyone used such an ATM?

I want to know how they work.

Say I want to buy bitcoins...

I know I have to give them banknotes, or maybe use my debit card (would be great if that's allowed)
Then what next?

Do I give them a bitcoin address (how?)
Or does it give me a preassigned address with the private key?

And finally, how is the rate decided?

[1714733037]

1714733037

[1714733037]

1714733037

[1714733037]

1714733037

[1714733037]

1714733037

[MeandMissNoob]

Hi there, it depends on what company placed the ATM. They work different.
Here is a vid I made from Bitcoin Suisse ATM https://www.youtube.com/watch?v=-FVV69ymbh0

But there are others around, that work not as user friendly as this one ( so I read on the forums)

greets

[zolace]

Yeah would be great to see a list of video around the world and to contribute how to use a certain type of ATM, would be great tool for newbies and myself

[bitcoinliberty]

Hi there, check out our web site www.bitcoinATMsg.com there you can see how to use it, including a video. It is very simple 1) scan your QR code 2) insert bills 3) Click send. You will have a confirmation within a few seconds. If you have questions you can email us on friends@bitcoinatmsg.com Thanks!

[Meuh6879]

it don't have palm check / eye check / face check ?
that it's a good thing