How to Withdraw cash and access Bitcoin ATM in Nigeria and Africa After much awaiting, it is such good news that, Bitcoin has finally launched the first bitcoin ATM (Automated Teller Machine) in Africa, and we are here to help you learn how to use or access it successfully at your own convenient time without calling someone for help. Interesting right, read more below;
Have you been using Bitcoin? If you have not, you are lacking behind and have obviously been making a mistake, get one now and start trading.
As word spreads across the countries, so has Bitcoin been waxing and trending in all nooks and crannies of the developed and developing countries. Now the good news is that Block stale has finally launched the long awaited first bitcoin ATM (Automated Teller Machine) in Africa. Learn how to use it and how it works.
WHAT IS BITCOIN?
At the mention of the word BITCOIN, minds get confused, especially in our African continent. Are you in this category, not to worry as at the end of this article you will get more knowledge about what Bitcoin is all about.
Bitcoin is a type of digital currency in which a record of transactions is maintained and new units of E-currency are generated by the computational solution of mathematical problems, and which, operates independently of a central bank.
Blockstale, on the other hand, is a principal developer and distributor of intuitive blockchain software and standard hardware component in Africa; The mission of the Blockstale is to distribute, facilitate and enhance bitcoin BTM industry, by providing seamless and creative solutions, taking the industry beyond the usual trading i.e buy/sell/exchange etc by offering creativities and providing additional income streams to its operators and partners.
With you having a little knowledge of the term BITCOIN, we proceed to the next phase of the introduction. How to use the new BITCOIN ATM. Read on.
How to use and access Bitcoin ATM in Africa
Below are the broad types of Bitcoin ATMs available in the market as at now;
Genesis1 Bitcoin ATM
Satoshi1 Bitcoin ATM
Satoshi2 Bitcoin ATM
Lamassu Bitcoin ATM
Lamassu with Santo Tirso
BATM2 Bitcoin ATM
BATM3 Bitcoin ATM
BitAccess Bitcoin ATM
BitXatm Bitcoin machine
Skyhook bitcoin machine
Some people were scared when the ATM required them to scan their ID documents but its nothing to worry about as there are only some of the ATMs that require you to scan your ID documents and may also ask for your phone number for KYC purposes. But this generally happens when you are purchasing a large number of Bitcoins. So there is nothing to be scared of.
Did the good news shock you as much as it did me? Or are you interested in finding a Bitcoin ATM you can use? That being the case, you can go to the main website that features a live map of ATMs to choose from.
Follow this step HERE to learn how to use and access your BITCOIN ATMs.