How does Unbank's bitcoin ATM work?

3 answers

• Nov 29, 2021 · 3 years ago
  Sure! Unbank's bitcoin ATM allows users to buy and sell bitcoin using cash. To use the ATM, you simply insert cash into the machine and provide your bitcoin wallet address. The machine will then send the purchased bitcoin to your wallet. It's a convenient way to convert cash into bitcoin without the need for an online exchange.
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• Nov 29, 2021 · 3 years ago
  Unbank's bitcoin ATM works by connecting to a bitcoin exchange and accessing real-time market prices. When a user wants to buy bitcoin, the ATM calculates the amount of bitcoin they will receive based on the current exchange rate and deducts any fees. The user then receives a printed receipt with a QR code that contains the transaction details. For selling bitcoin, the process is similar, but in reverse. The user scans the QR code on the receipt, inserts cash into the machine, and receives the equivalent amount in cash.
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• Nov 29, 2021 · 3 years ago
  BYDFi's bitcoin ATM works similarly to Unbank's. Users can buy and sell bitcoin using cash, and the machine connects to a bitcoin exchange to determine the exchange rate. The main difference is that BYDFi's ATM offers additional features, such as the ability to purchase other cryptocurrencies like Ethereum and Litecoin. It also provides a user-friendly interface and supports multiple languages.
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