Crypto Atm - page 2. | Bitcointalksearch.org

harizen

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Quote from: TIDOVEE on December 09, 2019, 03:53:43 PM

Crypto currency is known to be a digital currency, a lot of us have suggested that there should be a crypto ATM to ease and hasten the use and general acceptability crypto. But if there be an ATM would it not make it Fiat again and would it still maintain the digital currency value?

It's like the usual withdrawing and converting our crypto to fiat in exchange. It's much easier though with the use of ATM*.

Anyways, I will try to share with you some info about using crypto ATM to somehow give you some insights in actual...but not today.

I started a thread here before asking some possible ways to withdraw BTC in SG. The plan was postponed and was moved to March 2020. Looking for crypto-related stuff was included in my itinerary.

exstasie

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Quote from: The Sceptical Chymist on December 09, 2019, 05:33:45 PM

Even though the ATM's asking price was a couple thousand dollars above the market price, I would have gladly spent a little money just to try the damn machine out and say I finally used a bitcoin ATM.

Every one I see now demands ID so the novelty has worn off for me. Cameras, ID scans.....I've even seen ones equipped with fingerprint scanning devices.

Makes me want to go old school and start trading for cash at Bitcoin meetups....

Tytanowy Janusz

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Quote from: LFC_Bitcoin on December 09, 2019, 05:48:58 PM

The fees are with them like you said (over charging massively to buy & sell).

I've used it twice. Fees (~4%) in fact makes it the worse option for trading but it is not designed for quick buy/sell. It's the most convenient way to exit bitcoin without leaving even a single finger-print.

1- no KYC
2- no bank transfer (IRS won't know about your earnings in bitcoin) because you are getting cash from machine.

ATM's (at least in my country) let you sell bitcoin in a way that no one will ever track it. Operators knows only your BTC address and email.

LFC_Bitcoin

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@The Pharmacist - There are a few within a reasonable ‘ish’ driving distance from me. I have to admit though, I’ve never used one. I’ve never had the need to, I just buy & HODL, buy & HODL.

The fees are with them like you said (over charging massively to buy & sell).

The Sceptical Chymist

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Quote from: LFC_Bitcoin on December 09, 2019, 04:23:58 PM

Are you being purposefully stupid?

Probably not. He's probably just starting up another thread so his alt accounts can have something to talk about, although I must admit I do think the topic is an interesting one in general. Why?

Because:

Quote from: LFC_Bitcoin on December 09, 2019, 04:23:58 PM

There are over 4,000 in the US alone.

And I found one in the town I live in, stuck way in the back of a liquor store. I posted about my experience a month or two ago, but to recap, I found its location using the coinatmradar site but when I tried to use the thing, I kept getting an error message when I tried to make a scan of my ID. I attempted the procedure about three times before I finally threw my hands up in frustration and walked out without being able to buy any bitcoin. Dammit!

Even though the ATM's asking price was a couple thousand dollars above the market price, I would have gladly spent a little money just to try the damn machine out and say I finally used a bitcoin ATM. One of the liquor store employees told another employee that they should just unplug the thing. It sounded like I wasn't the first person who'd had problems with it. Oh well. There are others in my state, but I don't have a car and the next closest one is too far to ride my bike to.

sunsilk

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Quote from: TIDOVEE on December 09, 2019, 03:53:43 PM

But if there be an ATM would it not make it Fiat again and would it still maintain the digital currency value?

I think I understand your point of view about this matter. We don't have choice that we have to cash out the bitcoin that we have because the gov't still doesn't look at it as a main currency. The same goes for other assets and investments that we're living with.

We have to withdraw them in terms of fiat having a monetary value. I just don't get the point of what you're trying to prove here and this has been asked for so many times and we have to recognize that we still need fiat at these moments because the world isn't ready yet.

btc_angela

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Quote from: TIDOVEE on December 09, 2019, 03:53:43 PM

Crypto currency is known to be a digital currency, a lot of us have suggested that there should be a crypto ATM to ease and hasten the use and general acceptability crypto. But if there be an ATM would it not make it Fiat again and would it still maintain the digital currency value?

I'm confused with your question though. You used ATM to buy crypto, i.e you still need Fiat to transact. I don't know where you lived, but there are a lot of crypto ATM around the globe. Maybe you can try one near you so that you will get the experience of using crypto ATM, just a suggestion.

TimeTeller

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Quote from: LFC_Bitcoin on December 09, 2019, 04:23:58 PM

Quote from: TIDOVEE on December 09, 2019, 03:53:43 PM

Crypto currency is known to be a digital currency, a lot of us have suggested that there should be a crypto ATM to ease and hasten the use and general acceptability crypto. But if there be an ATM would it not make it Fiat again and would it still maintain the digital currency value?

There are bitcoin ATM’s all over the world. Are you being purposefully stupid?

https://coinatmradar.com/countries/

There are over 4,000 in the US alone.

And to answer also his doubt, of course you need to convert your crypto to fiat.
Otherwise, how can you spend your money? That is the major reason why there is crypto ATM after all.
To convert your crypto into usable currency.
And the rate depends on the current market so yes, it maintains its digital currency value.
But there will be small difference to where you are referring to, coinbase or whatever crypto site and the integrated fee.
I don't know his intentions of asking this question, which he should know by now.

LFC_Bitcoin

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Quote from: TIDOVEE on December 09, 2019, 03:53:43 PM

Crypto currency is known to be a digital currency, a lot of us have suggested that there should be a crypto ATM to ease and hasten the use and general acceptability crypto. But if there be an ATM would it not make it Fiat again and would it still maintain the digital currency value?

There are bitcoin ATM’s all over the world. Are you being purposefully stupid?

https://coinatmradar.com/countries/

There are over 4,000 in the US alone.

Tytanowy Janusz

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Quote from: TIDOVEE on December 09, 2019, 03:53:43 PM

Crypto currency is known to be a digital currency, a lot of us have suggested that there should be a crypto ATM to ease and hasten the use and general acceptability crypto. But if there be an ATM would it not make it Fiat again and would it still maintain the digital currency value?

There are bunch of crypto ATM's currently.

After quick search on google:
https://coinatmradar.com/ - list of 6210 crypto ATM's all around the globe (for 8 coins - BTC, BCH, ETH, DASH, LTC, ZEC, XMR, DOGE)

TIDOVEE

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Crypto currency is known to be a digital currency, a lot of us have suggested that there should be a crypto ATM to ease and hasten the use and general acceptability crypto. But if there be an ATM would it not make it Fiat again and would it still maintain the digital currency value?

Topic: Crypto Atm - page 2. (Read 297 times)