Post
Topic
Board Bitcoin Discussion
Re: A Smart Move or a Security Risk?
by
Hazink
on 09/02/2025, 22:56:05 UTC
Bitcoin ATM is not like the regular Banks Atm where funds are kept on the back the machine, the only thing needed is the private key and I'm sure they wouldn't include it for security reasons. The ATM Manchines will only be operational in a way where master public key will be used like the way webs used Bitcoin to receive funds and provide services for people.
What do you mean? I thought Bitcoin ATMs were similar to regular bank ATMs, where you can deposit and withdraw cash. Are you saying thats not the case with Bitcoin ATMs?
I read that in a bitcoin ATM, it has the option to deposit your normal fiat currency and also has a scanner that can be used to scan your QR code of the wallet where you want to send the bitcoin you want to purchase with those cash, and some have the option to include your mobile number and complete the transaction. I'm not sure if you can use your regular bank card like a normal ATM allows you to unless each of those machines has the way they operate differently.