Monthly Archives: January 2016

Bitcoin Depot ATM

How To Buy Bitcoins At ATM Directly To Hardware Wallet

Send Bitcoins from an ATM Directly to a Hardware Wallet

Bitcoin ATMs make buying bitcoins easy and fast. Bitcoins purchased from Bitcoin ATMs are delivered to the recipient in one of several ways:

  • a private key printed on receipt paper;
  • encrypted with user given password a private key is sent by email;
  • to a Bitcoin address provided by user and scanned at the machine before payment.

What if, however, you want to deliver your bitcoins directly to a bitcoin hardware wallet? Hardware wallets don’t have screens and require software to interact with the device. So how can you send bitcoins from an ATM directly to your hardware wallet?

Mobile HD Watch-only Wallets

Using a mobile wallet like Mycelium or Sentinel, you can import your hardware wallet HD seed onto your mobile device. This allows you to view your hardware wallet addresses and accept payments to your hardware wallet from your phone. There will be no need to even carry or bring the hardware wallet with you to the ATM. Continue reading

Bitcoin ATM Trends in 2015

Bitcoin ATM industry matures and it is now more than 2 years passed after the first bitcoin ATM installation. Let’s look at what were the most prominent events and trends in bitcoin ATM sphere during 2015 year.

Growth continued

Although there was a slower growth compared to the previous 2014 year it was still a significant increase in number of bitcoin ATM installations. Number of bitcoin ATMs worldwide grew from 330 to 536 bitcoin machines.

Bitcoin ATM 2015 growth

The speed of bitcoin ATM installations increased at the very end of the year (jump on the chart in December 2015). Important that new installaitons number was approximately similar to 2014 year, however, in 2015 we see a closure of more machines as well as more reshuffling happens (new locations for old machines). For comparison, in 2014 there were 43 locations delisted from the site, while in 2015 the number of closed locations increased to 183. Continue reading