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Cryptocurrency is an electronic cash system that uses a peer-to-peer network to prevent double-spending. It’s completely decentralized with no server or central authority. Cryptocurrency is an internet-based medium of exchange which uses cryptographical functions to conduct financial transactions. Cryptocurrencies leverage blockchain technology to gain decentralization, transparency, and immutability. This means it prevents double-spending while keeping your account secure.
Rates vary and are only listed at each Bitcoin ATM machine
Usually the transaction is in your wallet immediately however some wallets will not show the coins until It has been confirmed on the blockchain
A Bitcoin ATM is a convenient and easy way to buy and sell bitcoin for cash. Unlike bitcoin exchanges that only allow purchasing with banking or credit/debit cards, these machines give you instant access to digital currency in exchange for cash. They’re easy to use typically require several steps on your initial registration, and 2-3 steps when you return.
Typically BMCATM transactions are broadcast to the Bitcoin Network instantly. So you should see your purchase reach its destination within 1-2 minutes after it's completed. In times of network connection BMCATM will bunch smaller transactions and broadcast those every 20 minutes.
1 Mobile Device
2 Bitcoin Wallet
3 Valid ID
4 Cash
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