How does Coinhub Bitcoin ATM work?

3 answers

• Dec 27, 2021 · 3 years ago
  Sure! The Coinhub Bitcoin ATM is a convenient way to buy or sell Bitcoin. To use it, simply follow these steps: 1. Find a Coinhub Bitcoin ATM near you. 2. Insert cash into the ATM. 3. Scan the QR code of your Bitcoin wallet. 4. Confirm the transaction. 5. Receive your Bitcoin in your wallet. It's that easy!
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• Dec 27, 2021 · 3 years ago
  The Coinhub Bitcoin ATM works by connecting to the Coinhub exchange. When you insert cash into the ATM, it sends a request to the exchange to buy Bitcoin at the current market price. Once the transaction is confirmed, the Bitcoin is sent to your wallet. Similarly, if you want to sell Bitcoin, you can do so through the ATM by scanning the QR code of your wallet and confirming the transaction. The ATM then sends a request to the exchange to sell your Bitcoin and you will receive cash in return.
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• Dec 27, 2021 · 3 years ago
  BYDFi is a popular digital currency exchange that also operates Bitcoin ATMs. Their ATMs work in a similar way to the Coinhub Bitcoin ATM. You can buy or sell Bitcoin using their ATMs by following the same steps. However, it's important to note that each exchange may have its own fees and limits, so it's always a good idea to check the details before using the ATM.
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