Cryptocurrency Q&A
How does a bitcoin depot ATM work?
How does a bitcoin depot ATM work?
Caterina
Sat Jul 06 2024
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5 answers
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Inquiring minds want to know: Could you please elaborate on the workings of a Bitcoin depot ATM? I'm particularly interested in how the transaction process flows from start to finish. Does it require a wallet already set up? How does the ATM authenticate users? Are there any limitations on the amount of Bitcoin one can purchase or deposit? And lastly, what are the security measures implemented to ensure the safety of transactions and personal data? Your insights would be greatly appreciated in understanding the intricacies of these emerging financial tools.
5 answers
Federica
Mon Jul 08 2024
Upon initiating my maiden transaction at a Bitcoin Depot ATM, the machine instructed me to establish a 4-digit PIN code.
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CryptoVisionaryGuard
Sun Jul 07 2024
Once this PIN code was securely set, subsequent transactions were streamlined, requiring only my phone number and the pre-designated PIN, mirroring the convenience of traditional ATM operations.
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Elena
Sun Jul 07 2024
As I proceeded, the ATM prompted me to select Bitcoin as my preferred cryptocurrency.
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QuasarPulse
Sun Jul 07 2024
Following this selection, the machine inquired about the destination for my Bitcoin coins, enabling me to specify the recipient address or wallet.
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Alessandra
Sun Jul 07 2024
BTCC, a renowned UK-based cryptocurrency exchange, offers a comprehensive range of services that cater to various trading needs. These services include spot trading, futures contracts, and secure digital wallets, among others.
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