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Topic: Finally used a bitcoin ATM successfully! - page 3. (Read 646 times)

legendary
Activity: 1946
Merit: 1224
Life's but a walking shadow!
Would I continue to buy bitcoin this way?  No, absolutely not.  I paid $50 for exactly $40 of bitcoin, and that just isn’t worth it, since I never have a dire need for crypto such that high, and I think the future of bitcoin ATMs is going to hinge on those fees being lowered.
I too may also not be using bitcoin ATM's (because of the Tx fees and i'd have to travel miles to use one in my country for now) but that'll be after my first successful attempt/experience; i think as a bitcoin enthusiast, trying a btc ATM at least once is an experience we should have. Just reading your topic, i already feel like wanting to use one; my country recently launched her first bitcoin ATM and it's in a different state from mine, and I've not visited there for over two years or so, i may prolly make something up just to go there and try it out, gosh now I wish I had an e-bike Grin
legendary
Activity: 3332
Merit: 6809
Cashback 15%
Leo, you rock as usual.  Thanks for the image tips; it's been years since I posted images on this forum and even though I searched out how to do it, obviously I mucked it up.

Was your mobile number just to receive a confirmation text?
Yes.

Could you have done the transaction with a fake number or without a number at all?
Like I said, I had to receive an SMS text from them in order to proceed so a cell phone was definitely required.  I'm sure you could figure out ways to get that confirmation text without disclosing your own number (like using someone else's phone), but I wasn't concerned about that. 

I notice the machine also says "Scan your ID for higher limits". Do you know what those limits were?
Alas, I was tired and perspiring heavily from my 25km ride and I just didn't have the gumption to linger and read everything--so no, I don't know what the limits are.  But you know, I have a feeling that I might use that ATM again since it was so easy and motivated me to go for a decent bike ride.  Maybe next time I'm there I'll get some more details.
legendary
Activity: 2268
Merit: 18509
Was your mobile number just to receive a confirmation text? Could you have done the transaction with a fake number or without a number at all? My local ATMs all seem to require KYC (although I admit I haven't checked them out in a while), but I don't think I've ever used a CoinCloud ATM like that one.

I notice the machine also says "Scan your ID for higher limits". Do you know what those limits were?

Edit:  Hey, my images aren't displaying properly!  Can someone help me out?
With imgur, you have to use the link to the image itself, rather than the imgur page with the image embedded on it. Add "i." (without quotations) after "https://" on each of your links. So for example turn https://imgur.com/HvKrsIh in to https://i.imgur.com/HvKrsIh.jpg. You can also get the correct link by opening the pages you have linked, right clicking on the image, and selecting "Show image", "View image", "Open image in new tab", or your browser's equivalent.

Edit: Change your [img] tag to [img width=500] (or a different number) to resize your massive images. Wink
legendary
Activity: 3332
Merit: 6809
Cashback 15%
Just an off-topic comment before I talk about the bitcoin ATM:  I did finally purchase an e-bike last month, though I wasn’t able to buy it with bitcoin—there was just no easy way to do it, so I plunked down almost more money than I could afford in cash and took possession of the bad-ass machine.  And the reason I mention this here is because that bike was the only reason I was able to get to the second-nearest ATM which is about 15 miles away (I don’t have a car).  I wrote in a previous post a few months back that there’s a bitcoin ATM in my town, but when I tried to use it I wasn’t able to get it to work.

Anyway, the weather was pretty good today and my motivation was high, so I pedaled the 15 miles to the gas station in which the ATM is located.  I wasn’t really thinking of documenting my experience with video (or even photos, really), so I only took a few pics.  
I found it interesting that there was a sign on the storefront window advertising the fact that there was a bitcoin ATM inside—bigger than the Zig Zag rolling papers advert, too! (lol)





Compared to the previous machine that I tried to use, this one was extremely simple.  You basically agree to the fees, enter your mobile number to receive an SMS for verification, and then scan your wallet QR code.  I kinda had some difficulty doing that last step correctly, but that was probably my own ineptitude in trying to position my QR code correctly rather than a fault of the machine.  But as soon as it captured the image, it prompted me to insert cash.  

My budget as of late has been kind of tight, so I only fed the machine $50, two $20 bills and a $10.  After telling the machine I was done, I got this message:
I didn’t see the funds showing up on the network, but I took a chance and exited the convenience store and departed on my excellent e-bike.  About 10 minutes into my ride home, I got an alert that the bitcoin was received in my wallet.  

All in all, this was a pretty neat experience and I don’t regret spending my time, physical energy pedaling, or cash in order to finally try out a bitcoin ATM.  I’m relieved that it was an easy process, as opposed to my last experience.  Would I continue to buy bitcoin this way?  No, absolutely not.  I paid $50 for exactly $40 of bitcoin, and that just isn’t worth it, since I never have a dire need for crypto such that I’d pay that markup.  It’s too bad the fees were that high, and I think the future of bitcoin ATMs is going to hinge on those fees being lowered.  I can’t imagine there are many people who frequently need bitcoin so urgently that they’d continue to use ATMs at the present conversion rates.  

That’s a bitcoin sticker on the top tube of my bike, BTW, which I think I got from minerjones.  If I had more stickers I’d plaster them all over it.

So anyway, I wanted to share my pretty cool experience with the community.  Sorry if there aren't enough pics, but I'm not the best photographer and there was a terrible glare on the screen.  Feel free to share your own experiences buying bitcoin with ATMs.

Edit:  Hey, my images aren't displaying properly!  Can someone help me out?


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