Depending on the amount of bitcoin you are purchasing you may be required to scan your ID. How long does a transaction with our Bitcoin ATM take? With Bitcoin Depot an account can be created and verified in less than a minute. When you purchase bitcoin from one of our bitcoin ATMs, the bitcoin has to be sent to you on the Bitcoin network called the blockchain. After reading the warning and performing the phone confirmation, scan your bitcoin address that is in the form of a QR code.
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Find a Bitcoin ATM near you
Some Bitcoin ATMs offer bi-directional functionality enabling both the purchase of Bitcoin as well as the sale of Bitcoin for cash. In some cases, Bitcoin ATM providers require users to have an existing account to transact on the machine. There are two main types of Bitcoin machines: cash kiosks and ATMs. Both types are connected to the Internet, allowing for cash or debit card payment, respectively, in exchange for bitcoins given as a paper receipt or by moving money to a public key on the blockchain. Bitcoin cash kiosks look like traditional ATMs, but do not connect to a bank account and instead connect the user directly to a Bitcoin exchange.
Bitcoin purchasing at Bitcoin ATM
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Bitcoin is a form of digital currency, created and held electronically. Bitcoin Depot provides the easiest and most convenient way to buy and sell cryptocurrencies with over ATMs in 25 states. Bitcoin transactions are irreversible so if a… Read More. Bitcoin is a global digital currency that has been steadily increasing in value over the past 8 years. Learn More About Transaction Speed. Bitcoin is a decentralized form of digital bitcoin atm in springfield va, created, and held electronically. Depending on the wallet you are using the wallet may require confirmations before the bitcoin is actually deposited in your wallet and spendable. Find our ATM locations. Then select the amount you want to sell. For all altcoins, the base price is calculated using CoinMarketCap. The Blockchain is a public ledger that Bitcoin essentially travels on.
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