Questions tagged [atm]

SeoulSoul Tue Aug 27 2024 | 7 answers 1427

Could you please clarify if it's possible to convert cash into Bitcoin directly at a Bitcoin ATM? I'm interested in understanding the process and whether it's a viable option for purchasing Bitcoin with physical currency. Additionally, are there any limitations or restrictions that I should be aware of before using a Bitcoin ATM for this purpose? Thank you for your time and assistance.

CryptoQueen Tue Aug 27 2024 | 5 answers 1317

Could you please clarify for me the specific limits on the amount of Bitcoin that one can purchase daily through an ATM? I'm interested in understanding if there are any set caps or if the amount varies depending on the ATM provider or the user's verification status. Is there a general rule of thumb that applies across the board, or does each ATM have its own unique set of restrictions? Additionally, would the answer to this question differ if I were to use a mobile wallet or an online exchange rather than an ATM?

TaegeukChampionCourage Tue Aug 27 2024 | 5 answers 1309

Excuse me, could you please explain the process of buying Bitcoin from an ATM in a simple and step-by-step manner? I'm a bit new to the cryptocurrency world and would appreciate it if you could walk me through the entire process, including finding a nearby Bitcoin ATM, using it safely, and ensuring that my transaction is secure and successful. Additionally, are there any specific precautions or fees that I should be aware of before making my first purchase? Thank you for your time and assistance.

SakuraTide Mon Aug 26 2024 | 5 answers 1563

Excuse me, I was wondering if you could clarify something for me. I've been hearing a lot about Bitcoin ATMs recently and I'm curious about their functionality. Specifically, I'm wondering if it's possible to withdraw cash directly from a BTC ATM using my Bitcoin holdings? I understand that these machines allow for the purchase of Bitcoin with cash, but I'm not sure if the reverse is also true. Could you please elaborate on this for me? Thank you in advance for your help.

SakuraTide Sun Aug 25 2024 | 0 answers 0

Why is it necessary for an ATM to request the CVV number when conducting a transaction? What security measures does this add, and how does it help prevent fraud or unauthorized access to personal financial information? Is it standard practice for all ATMs to require this information, or is it specific to certain banks or regions? How does the process of entering the CVV number differ from traditional PIN-based transactions, and what are the potential drawbacks or challenges that come with this additional step?