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Ask us your questions about bitcoin ATMs and transactions at bitcoin ATMs. Also about your transaction. We will be happy to help.
Frequently Asked Questions
You can learn all about bitcoin transactions at bitcoin ATMs from the FAQ section below. You can also ask via the form above.
How to sell bitcoin at bitcoin atm?
1. Find bitcoin atm:
Use the map of anonymous cryptocurrency ATMs to find the nearest bitcoin atm with information about available cash.
2. Click "Show QR":
Select Bitcoin, read the price, and then print the QR code to which you will transfer the cryptocurrency.
3.Scan the QR:
Use your cryptocurrency wallet to scan the QR code and make the transaction.
4. Wait for confirmation:
Wait for the blockchain to confirm the transaction.
5. Receive cash:
After confirmation, scan the barcode from the printout and receive cash from bitcoin atm.That's it!
Is it possible to undo a transaction at bitcoin atm?
Transactions made at bitcoin atm cannot be undone once approved. The recipient of the funds can only manually return them if they agree to do so. Therefore, it is advisable to use bitcoin ATMs only if you are confident in the transaction and trust the other party.
How do I confirm my BTC payment?
Go to https://live.blockcypher.com/ or https://www.blockchain.com/explorer and type (or paste) the transaction ID in the search box. This way you can see how many confirmations your transaction has. If you are receiving BTC from Paxful wallet, for example, the funds will arrive after two confirmations.
What happens if the transaction at bitcoin atm is not confirmed?
If the transaction in bitcoin atm does not receive the required confirmations, the funds will return to the sender's wallet within a maximum of 30 days. This means that the lack of confirmations in the blockchain does not mean the loss of funds.
How many transactions can bitcoin atm handle ?
bitcoin atm can handle transactions on the fly, but is limited by the Bitcoin network itself, which processes about 7 transactions per second. By comparison, systems such as Visa and Mastercard handle 1,700 and 5,000 transactions per second, respectively, but bitcoin ATMs are designed to handle cryptocurrency transactions within that specificity.
What is "staking"?
While staking mainly concerns cryptocurrencies based on the Proof of Stake algorithm, it is not directly related to bitcoin ATMs. bitcoin ATMs are used to execute transactions to buy and sell cryptocurrencies, while staking is the process by which users lock their cryptocurrencies into the network to support its operation and validate transactions, for which they receive rewards.
How do transactions work at bitcoin atm?
Transactions at bitcoin atm are based on public key cryptography technology. The user uses a private key to authorize the sale or purchase of bitcoin. Once the transaction is confirmed on the blockchain network, the funds are transferred and cash can be withdrawn or the cryptocurrency can be collected.
How long does it take to confirm a transaction in bitcoin atm?
The average transaction confirmation time at bitcoin atm is about 10 minutes, as it depends on the Bitcoin network. In some cases, this time may be shorter or longer, depending on the current network load.
How much does the transaction cost at bitcoin atm?
The cost of transactions at bitcoin atm depends on network fees, which can vary depending on Bitcoin traffic. Average fees in 2022 ranged from PLN 7.64 to PLN 266. It is worth checking the current fees at the time of the transaction.
Is it safe to use bitcoin ATMs ?
Yes, it is safe to use bitcoin ATMs , as long as you follow basic security rules. bitcoin ATMs are designed to protect users, but it is worth remembering that cryptocurrencies, including Bitcoin, are subject to price volatility. Transactions at bitcoin ATMs are safe, but it is important to always make sure that operations are carried out according to procedures.
