FAQ & GENERAL KNOWLEDGE

Tao Bitcoin is here to answer any of your questions. Below are some of the most asked questions. If nothing here can help please feel free to send us a message and we will answer any question you may have.

What are Paper Wallets?

“Paper wallets” in the context of ATMs are single pairings of a public address and private key that print out on receipt paper before you insert cash. When you press “Create New Wallet” at the ATM the machine will print you one of these. Paper wallets are useful as a temporary …

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2021 Recommended Wallet Apps

Below is a list of recommended wallet apps for each cryptocurrency type along with brief instructions for how to use paper wallets with each one: Bitcoin If you don’t have one of the following apps already installed, download one and setup a new wallet. Android Mobile Phone or Tablet Blockchain …

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How to get bitcoin off of a paper wallet?

Step 1: You must download a mobile wallet app which has the ability to move (or “sweep”) bitcoin from a paper wallet. If you don’t have one, the Edge wallet for mobile phones will work. Step 2: Once you have the Edge wallet downloaded, open it and tap to create a new account. …

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How to sell bitcoins for cash at a Tao Bitcoin ATM

Step 1: Tap the Withdraw Cash button on the home screen. Step 2: Select your currency type and choose the amount of cash you would like to receive. Step 3: Using your mobile bitcoin wallet, scan the QR code on the machine to send the exact amount of bitcoins required for your transaction …

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How to buy bitcoins at a Tao Bitcoin ATM?

Step 1: Verify your cell phone number by typing it in and inputting the SMS code. Step 2: Select Bitcoin as the coin type. Step 3: Choose a destination of where you would like the bitcoins to be sent. You can choose to scan a QR code (recommended), print a paper wallet, or …

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What is a Bitcoin address?

A Bitcoin address is a long identifier representing the person or destination that is looking to receive bitcoin (including yourself). Like a street address, the Bitcoin address tells the network where you want your bitcoin to go. Our ATMs need an address to know where to send the bitcoin you …

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What Is A Bitcoin Wallet?

Similar to a traditional wallet you may carry in your pocket, a bitcoin wallet is used to store and manage money. The difference is that instead of storing a collection of bills and cards, a Bitcoin wallet stores a collection of Bitcoin private keys. A private key is used to …

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What Is A Bitcoin?

Bitcoin is the first “cryptocurrency”. Created in 2009, it is still – by far – the most popular and most widely accepted form of cryptocurrency. It’s best to think of bitcoin as “digital cash”. This means that if you have bitcoin you can use them to pay other people or businesses, …

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