"It is a giant step, because it is a much faster process to acquire cryptocurrencies here in Venezuela. They can be a valuable safeguard against the devaluation of the Venezuelan currency and can also be used as a form of payment,” Gomez told Union Radio. Got Questions? Email us! You can find Allpoint ATMs virtually anywhere your travels may take you. With over 55,000 participating ATMs, your cash is never far away.
Review the transaction details on the ATM’s screen to ensure everything is accurate. If you’re satisfied, confirm the transaction. At this point, the Bitcoin ATM will process the transaction and send the purchased Bitcoin to your provided wallet address. Types of altcoins supported by Bitcoin ATMs The wallet address is created only for the coin you selected, not your PayPal account. To help protect your privacy, we generate a new “Receive” address each time you want to send crypto to your account. PayPal does not charge fees to transfer crypto into PayPal, but network and sender fees may apply. Processing times vary.
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