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    Author Topic: How does a Bitcoin ATM actually work?  (Read 571 times)

    • Amitabh S (OP)
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    April 01, 2014, 08:54:27 AM
     #1
    There are a few bitcoin ATMs in Singapore. Has anyone used such an ATM?

    I want to know how they work.

    Say I want to buy bitcoins...

    I know I have to give them banknotes, or maybe use my debit card (would be great if that's allowed)
    Then what next?

    Do I give them a bitcoin address (how?)
    Or does it give me a preassigned address with the private key?

    And finally, how is the rate decided?
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  • MeandMissNoob
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    April 01, 2014, 09:27:24 AM
     #2
    Hi there, it depends on what company placed the ATM. They work different.
    Here is a vid I made from Bitcoin Suisse ATM https://www.youtube.com/watch?v=-FVV69ymbh0

    But there are others around, that work not as user friendly as this one ( so I read on the forums)

    greets Cheesy

  • zolace
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    April 01, 2014, 10:12:51 AM
     #3
    Yeah would be great to see a list of video around the world and to contribute how to use a certain type of ATM, would be great tool for newbies and myself Grin
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  • bitcoinliberty
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    April 01, 2014, 02:58:10 PM
     #4
    Hi there, check out our web site www.bitcoinATMsg.com there you can see how to use it, including a video. It is very simple 1) scan your QR code 2) insert bills 3) Click send. You will have a confirmation within a few seconds. If you have questions you can email us on friends@bitcoinatmsg.com Thanks!

  • Meuh6879
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    April 01, 2014, 03:21:02 PM
     #5
    it don't have palm check eye check face check ?
    that it's a good thing  Wink
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