Topic: Bitcoin Atms (Read 3255 times)

Take a look BitExchange ATM project.
it can help u expand bitcoin biz.
here is bitcointalk link: https://bitcointalksearch.org/topic/bitexchange-and-lightningasic-launched-100-bitcoin-atm-901914
BitExchange and LIGHTNINGASIC launched 100+ Bitcoin ATM.
you can buy the BitExchange ATM, join the BitExchange ATM networks. open you own online 2 offline exchange market.
easy and simple.
here is our marketing policy：
1，hardware zero profit，
2，support the atm operator to expand the networks fast,
3，we provide free manage system，
4，get profit from the omission share.
if you have interesting, pls contact with me freely.
limited stock ready now.



here is the video:
http://youtu.be/Qlzw4oYwKkA

I don't use ATMs either.  I seem to either have enough cash on hand , or I'm at the bank often enough anyway to withdrawal cash if I need it.  most of the time use credit card.  hope it will change to bitcoins soon.

The question:


still stands.

You tried to buy some bitcoin, transaction didn't go through, and somehow you've lost 1 sat?

Ahh the term trolling. Was hoping I wasn't going to see this as I watch bitcoin slowly crumple after I put a 30,000 dollar investment into it.

*Clears throat*


The ATM was labled liBTCerty teller. Transaction didnt' go through.

Care to provide details? (I somewhat have the feeling that you are just trolling).

Most bitcoin ATMs are not going to deal in terms of satoshi, they will generally tell you specifically how much bitcoin it will sell for 'x' dollars then give you that much bitcoin once you deposit as much fiat (or it will do the opposite and will tell you how much fiat it will give you if you sell 'x' bitcoin and will give you as much fiat)

Yes it stole a entire satoshi,good thing I didnt give it anymore of my money,right jackass?
Get a life and while your at it,buy some bitcoin. Before you come on here.

OMG! It stole a whole satoshi??? Have you called the police? or better yet, the national guard!?

well they put up another atm in my town recently and It stole a satoshi. So now I can finally say they didnt work for me personally.

Do you have any examples of bitcoin atms not disbursing bitcoin when they should have?

Of course they are going to charge some kind of a markup on the exchange rate, this is what gives them an incentive to offer their service in the first place

Most bitcoin ATMs are not going to accept credit card regardless. They are gong to only accept fiat and will generally require you to scan a QR code to the machine so it knows where to send your newly purchased bitcoin

before we go any further I should mention I don't have a credit card and also I should repeat i was verified day one.

Hows this then?  I am a person that not only holds a Coinbase account, but also a Circle account, and uses a Bitcoin Atm.  I can tell you for a fact that the Skyhook Atm I use transfers the correct amount, almost instantly every time I use it.  

Furthermore, Coinbase requires 3 levels of verification which still does not allow you to purchase Bitcoin instantly, you still have to have a Visa credit card.  Not a visa debit, but a major credit card.  Circle was great for a while, until they lowered their instant Bitcoin option from $500 to $100, and you can only do that every 3 or 4 days.  It has to clear your bank account before you get access to instant Bitcoin again.  

As we all know, holding or waiting on Bitcoin can cause serious losses so that knocks coinbase and circle out right there.  I dont know what Atm you are using, but if they were really stealing from you, you wouldnt be here posting this garbage, you would be opening a law suit against the company that stole your money.  And if you think 5 or even 10 percent is 'stealing', there are companies online charging 50 percent plus, for instant access.  FFS get on localbitcoins and see those up charges.

Im kind of upset at how ignorant you are to the actual struggle of obtaining Bitcoin.  Not only is instant Bitcoin hard to come by, you either have to supply all of your information like on coinbase to include a major credit card, which at the moment has to be a Visa.  Companies like Circle just switched their instant Bitcoin option down to $100 until you build a significant history.  Both compaines take 4 to 7 plus days to deliver otherwise.  

I am simply pointing out that Bitcoin Atms offer instant anonymous access to Bitcoin in a local setting.  You think major exchanges arent taking a piece of your cash?  Get real.  If someone here can get me more than $500 of instant Bitcoin at a time through a registered, insured, legally run MSB, get in touch with me, I have a serious job opportunity for you.  Until then, local Atms are a much better option than waiting 4 plus days for $150 worth of coin.

Furthermore,  how do you expect people offering these services to make money if not off Atm fees?  Do you think its free to run a business?  It takes time, and investment.  Most Atms require manual Bitcoin purchases and refills.  Not to mention business registrstion fees, MSB registration, accounting, taxes, office supplies, equipment,  utilities, wages, insurance, overhead costs, and any other costs a business may incur during its existance.

Its crazy how I have people telling me about exchanges when they don't buy from a exchange and people telling me about atms when they don't buy from atms. The atms are stealing money,not giving up bitcoin after you purchase and not giving you money after you sell. The fact that you have to wait by the machine for a hour and the price is marked up so much is only the underlining problem. If you were stuck on the road and your car was on a flat,you wouldn't think I was robbing you if i charged you 1000 dollars?

Not everyone wants to sign up for an exchange. ATMs have a role to play. And being expensive/high fee is not stealing. If they told you a price and then charged you more than that price, that would be stealing, having a high markup isn't, its charging for convenience.

I have a feeling you don't have a account on a exchange i was verified the same day on coinbase.

You also need to take into consideration the value of convenience. If you need to drive 100 miles in order to save $20 on a $500 purchase then it is not going to be worth it. If you have to jump through 20 hoops to get verified on an exchange then people are not going to want to buy from an exchange

Subjective.

Bitcoin ATMs are beneficial in my opinion.

They are the easiest method for exchanging cash to BTC, raise awareness and force localbitcoin.com sellers to set acceptable fees.



Not everyone is happy to send their sensitive data and money to noname startups (basically all online btc exchanges).

With an ATM the risk of losing your money is a lot less.

You are right,normal people are just lazy and go with what ever is easiest even if it will cost them extra time and money.