If you’ve never operated a Bitcoin ATM manufactured by General Bytes before, you’ll need to do a few things to get operational. Here’s the basics:
Terminology
Term | Description |
|---|---|
Operator | You. |
Operator Account | Your information and account credentials that you have registered with us.
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BATM | Bitcoin Automated Teller Machine |
CAS | Crypto Application Server |
Coin | Shorthand for the cumbersome words “Crypto-currency”. |
Hot Wallet | A “hot wallet” is live wallet loaded with Coin, ready to send to your customers. A “cold” wallet is offline, in storage; the keys are never exposed. |
Fiat | Bills. Banknotes. Cold, hard cash that you hold in your hand, e.g. Dollars. |
Exchange | An Exchange is a vendor that offers Coin for fiat. Examples are Kraken, Coinbase, and Bitstamp. Many Exchanges will only service specific geographic areas. We offer access to the most popular Exchanges, and not all Exchanges will grant you an account. |
BUY | A customer transaction; the customer presents fiat to you in exchange for coin from you. |
SELL | A customer transaction; the customer sends coin to you in exchange for fiat from you. |
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The BATM in your possession is similar to a vending machine. You are responsible for acquiring the Coin that the BATM sells. You typically buy the Coin using an Exchange, then either send it to your Hot Wallet, or directly to your customer from the Exchange.
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Either way, please follow this link to request your GB Operator account.
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2. Get acquainted with our Knowledge Base.
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