Post
Topic
Board Bitcoin Discussion
Re: Old fart needs help please.
by
squatter
on 08/03/2018, 22:55:56 UTC
I know I can purchase bitcoins at a bitcoin ATM, but what do I do after I have the printed out receipt with the QR code on it?

I'm stumped here folks so any insight would be greatly appreciated.

Sweep the private key from the receipt into a wallet (like Electrum). Then send BTC as needed.

Some ATMs require you to set up a wallet before buying. In that case, you scan the QR code of your wallet at the ATM and the coins are deposited directly into your wallet.

I'm not trying to be difficult here, just trying to figure out if I can simply use a bitcoin ATM to send funds to someone without the hassle of linking my bank account.

Sure you can. You'll pay a hefty premium -- usually upwards of 8% -- but you can do it with cash.