What is a bit coin ATM?
Bitcoin ATMs allow you to buy Bitcoin and other cryptocurrency using your debit or cash card. Bi-directional functionality is available at some Bitcoin ATMs, allowing for both the purchase and sale of Bitcoin. Some Bitcoin ATM providers require that users have an account in order to transact on the machine.
Although some Bitcoin ATMs allow you to withdraw cash, most ATMs are only able to buy cryptocurrency. The ATM can guide you through cash withdrawals or selling your cryptocurrency. Typically, it will provide a QR code that you can use to send your crypto. Although it may take some time, the ATM will give you your cash.
What is the Bitcoin cash ATM?
Bitcoin ATMs can be connected to a Bitcoin exchange . A Bitcoin ATM will allow you to exchange your bitcoin for cash or bitcoin for cash. The current market rate will determine the exchange rate for bitcoin.
How to use a Bitcoin ATM
Step 1: Enter your phone number. Bitcoin ATMs require identification verification …
Step 2: Verify your identity. …
Step 3: Scanning your wallet QR code. …
Step 4: Insert your fiat currency. …
Step 5: Confirm your amount and complete your transaction.
How to use our Bitcoin ATM
- Locate your nearest Olliv bitcoin ATM(Winnellie Supermarket
- To the location, bring cash and an ID.
- Follow the steps to complete your transaction in minutes.
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