Bitcoin is a currency like euro or US dollar, used to exchange goods and services. However, unlike other currencies, Bitcoin is an electronic currency that has great features and notable for its efficiency, safety and ease of exchange. Its major difference compared to other currencies, it is a decentralized currency, so it is not controlled by any bank or nation. Bitcoin does not have a central issuer like dollars or euros, the cryptocurrency is produced by people and companies from around the world dedicating great amount of computing power to run the algorithm that generates the currency and verifies the transactions.
The easiest way to get a wallet to operate in our Bitcoin ATMs is to use a mobile app for your Android or IOS smartphone, which can be easily obtained in PlayStore or AppleStore. We recommend the wallet BTC.com and/or Jaxx.io (the last one works with multiple currencies, including DASH). Once you have installed your mobile app you will have to configure it when you use it for the first time. During this process the app will help you generate a set of twelve (12) short words which you must write down and store in a safe place (physically or digitally). This set of words is essential when you need to regenerate your wallet in case of loss, theft or failure of your smartphone in such a way that you do not lose the funds you have stored. The mobile app will take a few minutes to synchronize with the block chain completely (depending on the speed of your mobile connection or wi-fi).
To use the Bitcoin ATM you must have installed and configured a Bitcoin wallet on your smartphone. Once you find yourself in front of ATM Bitcoin you should follow the following steps:
1.- On your smartphone enter your wallet and open the QR Code corresponding to the wallet address.
2.- On the Bitcoin ATM’s touch screen press the 'Start' button.
3.- Place your smartphone with the QR code displayed so the ATM can scan it.
4.- Input the cash equivalent to the amount of Bitcoin you want to buy at the ATM.
5.- On the Bitcoin ATM's touch screen press the 'Send Bitcoin' button.
6.- Check the reception of Bitcoin on your smartphone (it may take a few minutes to show the updated balance in your wallet).
You should know that transactions on the blockchain (Bitcoin network) are not processed immediately. At the moment of purchasing Bitcoin the operation may take a few minutes to be reflected in your wallet. The total time depends on the speed of the Bitcoin network as well as the speed of your mobile plan or wifi (this last affects the synchronization time of your wallet with the blockchain).
Our ATMs do not request in any way personal information, you just need to show the address of your wallet (QR code) to the ATM so that the funds are sent. YOUR IDENTITY WILL REMAIN PRIVATE AT ALL TIMES.
Your Bitcoin can be spent once the blockchain (Bitcoin network) confirms the purchase transaction you made. This time varies according to the congestion and speed of the blockchain at any given time, but it usually takes about ten (10) to twenty (20) minutes after the purchase.
Once ATM Bitcoin sends the funds, they are no longer under our control. In this sense we can not reverse the operation or refunds. You should be very careful when placing your order so that the destination address is correct.
A QR code is a two-dimensional square bar code that can store the coded data. Usually in a Bitcoin operation QR codes contain information such as wallet address and transaction amount. A QR code looks like this (taken from the BTC.com wallet):
Cryptobuyer does not sell ATM Bitcoin, however we can put a ATM in your store for your customers to enjoy the service. The parameters taken into account are, location of your store, work schedule and type of business. If you are interested contact us at: [email protected]
Civil Liability Limitation
By Signing Up and Signing in into (https://cryptobuyer.io) to sell your Bitcoins (BTC) in exchange of Bolivares (VEF) you Declare that you fully understand that the sale of your bitcoins obligate you to declare the profits obtained in your transactions and to pay the correspondent amount in your tax declaration (ISLR) and only you are responsible to comply with your obligations according to the regulations of the Bolivarian Republic of Venezuela.