What are the options for depositing cash into a Bitcoin ATM?

3 answers

• ShaafiMay 29, 2023 · 2 years ago
  One option for depositing cash into a Bitcoin ATM is by using the machine's built-in cash deposit functionality. These ATMs are equipped with a cash acceptor that allows you to insert physical cash directly into the machine. The cash is then converted into Bitcoin and deposited into your Bitcoin wallet. This method is straightforward and convenient for users who prefer to deposit cash directly into the machine without any intermediaries.
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• Sheppard BurnetteJun 20, 2022 · 3 years ago
  Another option is to use a Bitcoin ATM that supports cash deposits through a third-party service. In this case, you would need to create an account with the third-party service and link it to your Bitcoin wallet. When you deposit cash into the ATM, the machine communicates with the third-party service to convert the cash into Bitcoin and deposit it into your wallet. This method may offer additional features such as the ability to buy Bitcoin with cash or sell Bitcoin for cash at the ATM.
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• Tabassum ShaikhOct 03, 2020 · 5 years ago
  At BYDFi, we offer a unique option for depositing cash into a Bitcoin ATM. Our ATMs support cash deposits through our platform, allowing users to deposit cash directly into their BYDFi account. The deposited cash is then converted into Bitcoin and credited to the user's wallet. This method provides a seamless experience for BYDFi users who want to deposit cash and immediately access their Bitcoin holdings on our platform.
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