Saturday, 19 September 2020

How Bitcoin ATM works by CoinOutlet

CoinOutlet manufacturer of Bitcoin ATM kiosks


For the last 3 years CoinOutlet has been working toward the goal if an easy to use, easy to configure and easy to own cryptocurrency ATM.  Our Infinity 2.0 ATM with new upgraded software is a result of that effort. Its state of the art ATM super easy to use with safe and intuitive interface for new users, if your customers have used a cash ATM and a smartphone before, they are as good as a pro to make their first transaction.

And just like the old cash machines, our Bitcoin ATMs are designed as two-way machines. You can buy as well as sell bitcoins through them.

Buying bitcoins

Before you buy bitcoins, you first must get a wallet.  Wallet generating sites can help you do this, but the easiest option is to download a wallet app onto your phone from or any other wallet from app store.

With a wallet ready, hit the start key on the ATM screen and expose the wallet’s QR code to the machine’s scanner. And your address will appear on the screen.

Insert the bills equivalent to the number of bitcoins you want to purchase. The exchange rate is displayed on the screen, as well as the amount you are about to purchase.

By clicking on the send button, you will finish the transaction. You will receive a notification both on the ATM screen and your phone confirming reception of bitcoins into your wallet. Don’t forget to collect your receive.



Selling bitcoins

In case you have bitcoins you want to convert into fiat currency, a Bitcoin ATM will also help you do it.

All you need to do is to choose the option of selling bitcoins on the ATM screen. ATM will ask you to scan its address with your phone after which you will transfer bitcoin to it.

In exchange, the machine will dispense fiat bills equivalent to the bitcoins you transferred.

Basically, that is how a Bitcoin ATM works. Apart from being easy the process does not take more than few minutes.

And you do not need any special skills to transact. Our interface is intuitive and straight forward, that way your clients can transact with ease.

Our machines are “Plug and Play” meaning that in the moment you receive your machine it will be fully operational and set up to your local currency and language.




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