How to receive Bitcoin from a Bitcoin ATM Machine using your PANDAR App
People may need to send you Bitcoin from a Bitcoin ATM Machine, or it may be you buying Bitcoin from an ATM machine into your Pandar account. Here is a detailed guide to do this. You know that at Pandar, we dey for you.
Bitcoin ATMs are machines that are connected to the Internet, allowing the insertion of cash or a credit card in exchange for Bitcoin. These Bitcoins are sent to a wallet address, just like your Pandar Bitcoin Wallet.
Bitcoin machines are not exactly the same as traditional ATMs but work in a similar fashion. They look like this👇
To receive Bitcoin from an ATM machine into your Pandar App, please follow this simple guide.
Remember, Pandar is the place to sell your Bitcoin at the best rate 🤑, our transaction time is also unmatched.
Step 1: Set up a Pandar account if you do not already have one. NO BVN or KYC required.
Download the Pandar Mobile App from the Apple or Google Play Store.
Once logged in;
🐼 Navigate to the WALLET page and Click the BTC wallet 🤑button.
🐼 Click on the Receive Button 📥
🐼 The Receive button brings you to the page below, which contains your
- Personal BTC Wallet Address — “your Bitcoin Account Number”
- Your Wallet QR code — machine-readable code that contains your wallet address
Guess what? The BTC wallet address is permanently yours and you can always use it to receive BTC from anywhere, any currency, at any time, into your Pandar App. It doesn’t change. Its yours permanently.
Now, receive bitcoin from the Bitcoin ATM;
Please note: it is not advisable to use your Bitcoin address because Bitcoin addresses are long and the sender will have to type in the long address giving room for error.
Hence, the best practice is to send or receive BTC from Bitcoin ATMs using your Wallet QR code displayed in the image above.
The QR CODE is the black and white image above your address. It is a machine-readable code and it also contains your address. So when the ATM machine scans the QR code, your address will be generated. Not to worry, it is safe and 100% accurate.
To receive using the QR code;
🐼 Take a screenshot of your QR code, and share it with the sender or if you are buying the Bitcoin from the ATM yourself, scan the QR code directly in the App
🐼 When the machine scans the QR code and your Pandar Bitcoin Wallet address will be generated without error.
🐼 The amount of Bitcoin to be sent to your wallet is entered and Submitted.
NOTES:
Once the bitcoin is received, you will be automatically credited the USD equivalent in your Pnadar Bitcoin wallet which you can keep as an investment or sell to us for Naira/fiat or send it to anyone you want, Whenever you choose.
🐼 It can take a few minutes for the transaction to reflect as bitcoin ATMs can be slow.
Please understand that Bitcoin ATMs deduct transaction charges, these charges changes, and are sometimes high. Hence, the amount of Bitcoin sent to your wallet via a Bitcoin ATM will vary to the amount of Bitcoin received in your wallet, depending on the Bitcoin ATM transaction charges. — This has nothing to do with us at all.
Remember that you can always exchange your BTC for Naira into your preferred Nigerian account with Pandar. Our rates and transaction time are unmatched🤯. — We dey for you.
