What is a Bitcoin ATM

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Kian Crypto is an international specialized site in the field of transactions using digital currencies and providing articles in the field of bitcoin ATM

Bitcoin   ATMs

Bitcoin ATMs allow the purchase and sale of Bitcoin with cash and with relative anonymity. In this post, I’ll cover the different ATMs around, their pros and cons and also show you how to find a Bitcoin ATM near your home

?   What   is   a   Bitcoin   ATM

A Bitcoin ATM acts like a physical Bitcoin exchange where you can buy and sell Bitcoins with cash. The world’s first Bitcoin ATM was opened on October 29, 2013, at Waves Coffee Shop in Vancouver, Canada. The device is often comprised of a scanner, a cash dispenser, and a computer to manage the transactions

خود پرداز بیت کوین کیان کریپتو

How   Bitcoin   ATMs   Work

Bitcoins are dispensed either to the buyer’s own Bitcoin wallet (via scanned QR code on the buyer’s mobile device or paper wallet) or to a paper wallet generated and printed by the ATM at the time of purchase. The price of the purchase is dependent on current Bitcoin exchange rate, which the ATM retrieves from the internet in real-time. Also, an additional percentage fee is charged by the ATM for the service and factored into the price

 ?   Do   Bitcoin   ATMs   Give   Cash

Some BTMs work both ways – meaning they can dispense Bitcoin in exchange for cash and they can also dispense cash in exchange for Bitcoin. However, most models work only for buying Bitcoin

?   How   much   fee   do   Bitcoin   ATMs   charge

Bitcoin ATMs charge an average fee of 8.93%. However, this is a rough average and the fees vary between ATMs. Make sure to read the instructions on the machine before starting the process

?   How   Do   I   Use   a   Bitcoin   ATM

While each BTM is different , the buying process in all of them is basically the same

 Choose Buy Bitcoin onATM

Scan the QR code of your Bitcoin address with the BTM scanner

 Depending on the ATM and jurisdiction , you may need to provide identification

Enter the amount you want to purchase

Insert cash to the BTM

Wait for the machine to process the transaction

Check your Bitcoin wallet for the transaction confirmation

The process of selling Bitcoins to a BitcoinATM is much more diverse and depends on the specific BTM , however, these machines are pretty intuitive to use so just follow the instructions on the screen