PACIFIC BTM

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FAQ

 

About

What is Pacific BTM?

A Pacific BTM is a physical machine that allows users to buy and sell bitcoin and other cryptocurrencies with cash, located inside of businesses

How do I use the Pacific BTM?

The Pacific BTM can be used by choosing the currency you want to purchase on the screen, and then selecting “BUY”. You will then be asked the amount of crypto (in USD) that you’d like to buy. Next, you can scan your wallet QR code, and put in your bills needed to pay the amount of crypto you want to purchase. Once you select the “Buy Bitcoin” or “Buy Altcoins” button near the bottom of the screen, your purchase is complete! The transaction will immediately transmit to its specific network, and you’ll be able to watch the crypto transfer to your wallet.

Where is the nearest Pacific BTM?

Find the nearest location here

What coins can I buy or sell at an ATM?

40+ cryptocurrencies supported. BTC (Bitcoin), BCH (Bitcoin Cash), ETH (Ethereum), LTC (Litecoin), DASH, XMR (Monero) and many more!

Can I use my credit or debit card at a Pacific BTM?

As of now, Pacific BTM only accepts cash.

How long does it take to get my bitcoin when buying at the Pacific BTM?

Transactions are sent within 3 minutes of selecting “Buy Now”

Do I need to register to buy bitcoin from Pacific BTMs? If so what information do you need?

Prior to engaging in any transaction with a customer, Pacific BTM will obtain: 1. Automated Photo from the Bitcoin ATM machine 2. Bitcoin Wallet Address 3. Customer Name 4. Phone Number (SMS Verification)

In addition to the previous information obtained with each transaction, when a customer’stransaction or aggregate value of transactions reaches the dollar amount of $3,000, Pacific BTM will also obtain: 1. Government Issued Photo identification

In addition to the previous information obtained with each transaction, when a customer’stransaction or aggregate value of transactions reaches the dollar amount of $5,000, Pacific BTM will also obtain:1. Social Security Number or Tax Identification Number2. Customers Fingerprints

The Company does not conduct any transactions in excess of $10,000

How often do limits reset?

Limits will reset at 12AM according to the Pacific BTM’s local time.

Can I host a Pacific BTM in my business?

Pacific BTM is always open to expanding our network. Benefits of installing a Pacific BTM include earning passive income and gaining additional foot traffic.

 

 

 

 

 

 

 

 

 

 

 

Bitcoin 101:

What is bitcoin?

Bitcoin is a decentralized digital currency that doesn’t have a central bank or single administrator. It gives financial freedom that isn’t reliant or attached to traditional banking systems or financial institutions.

How do I buy bitcoin?

Buying Bitcoin is simple with Pacific BTM. To buy using cash, go to a nearby Pacific BTM and follow the instructions on screen. After selecting “Buy”, Bitcoin will get sent to your wallet.

How do I get a Bitcoin wallet?

There are many free applications for hot wallet, the most common type of wallet used, to download onto a smartphone. Pacific BTM suggest using BRD (for Bitcoin, Ethereum, and ERC20 tokens), LiteWallet (for Litecoin), Dash Wallet (for DASH), Coinomi Wallet (for Binance Coin, and Tron) and Lobstr (for Stellar). You may also send funds directly to exchanges such as Binance, Bittrex, or Poloniex from the Pacific BTM.

What is the Bitcoin Blockchain?

The Bitcoin Blockchain is an open, distributed ledger that documents the history of any bitcoin transaction amongst two blockchain addresses.

What is a bitcoin confirmation why does it need? Bitcoin confirmations let the blockchain to be independent from an administrative entity. A confirmation alerts the network about the transfer of a transaction and allows transactions to travel from one address to another.
What are network fees?

Network fees are small fees that encourage miners to confirm transactions on the network..