Cryptocurrency Q&A How does Bitcoin ATM work in India?

How does Bitcoin ATM work in India?

SolitudePulse SolitudePulse Tue Jul 16 2024 | 0 answers 0
Inquiring minds may want to know: "How does a Bitcoin ATM operate in India? The process typically begins with the user locating a Bitcoin ATM in a convenient location. Once there, the individual selects the option to buy or sell Bitcoin, depending on their preference. For a purchase, the user inserts cash into the machine and selects the amount of Bitcoin they wish to acquire. The ATM then processes the transaction, converts the cash into Bitcoin, and sends it to the user's digital wallet. Conversely, for a sale, the user scans their digital wallet QR code and enters the amount of Bitcoin they want to sell. The ATM deducts the Bitcoin from the wallet and dispenses the equivalent amount in cash. Security measures, such as verification of identity through KYC processes, are often implemented to ensure the integrity of transactions. How does Bitcoin ATM work in India?

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