If you wonder how the bitcoin ATM works this is a concise and clear explanation of how the Machine actually works. The machine usual have a display screen Wch have options on the screen like buy bitcoin, sell bitcoin or redeem a ticket. And that leads you to how much you’ll like to buy, sell or redeem options. The machine also has a future that actually scan QR codes. so when you’re buying bitcoin in exchange with fait you scan the QR code on your receiving wallets with the scanner on the ATM and you deposit/ slot the cash you’re exchanging for the amount of bitcoin you want to buy. once it’s done, your bitcoin wallet will be credited ASAP.
Similarly when you’re selling bitcoin in exchange for cash, the machine will require you to tap on the sell bitcoin on the screen and it will ask for the amount you want to sell. After that some machine will ask if you want to input phone number to get a text once transaction is successful. after that is done, the machine will print you a ticket of QR code containing the address you will send the exact amount you want to sell. And if you’re using the QR code to send once you scan the QR code it automatically has a set value on it because it was generated based on your request. Once you confirm the transaction then you should get a text shortly after on the phone number you inputed earlier that the transaction if confirmed and your cash should be ready you just need to redeem the ticket scanning the same QR code with the machine again and it will proceed with the withdrawal.
You can watch the video below to get a clearer picture of the process
https://youtu.be/xajKjxxRL04?si=mMGWKFGnz-GslvDB
