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Topic: Has anyone tried LibertyX's new buy BTC service (CVS & 7-Eleven)? - page 2. (Read 476 times)

legendary
Activity: 2590
Merit: 3014
Welt Am Draht
It still exists here.

And what became of the Swiss railway ticket machines thing? That's the type of penetration that's hard to beat but yet again nothing's been heard of since. I guess it's not going to occur to the average rail user, or crypto buyer, to go Bitcoin shopping at one. 
copper member
Activity: 2828
Merit: 4065
Top Crypto Casino
There've been services like this in the past like Zipzap and that one that was through French tabacs that were going to change the world. Then they were never heard of again. I'll guess this will go the same way.
...

Yeah, I remember reading about the tabacs looking into selling BTC there in France.  Nor have I heard squat since...

It still exists here. They suspended the sale after 2 months because they had a problem with their partner Bitmedia. (The problem is that customers were waiting half a day to receive their transaction.)

It's about Keplerk (aka Paysafebit) but we also have Digycode, another company using tobacconist, petrol stations,...
The problem is that it's not advertised in French tobacconist. I've never seen a sign saying "you can buy BTC" or even a BTC's logo.

So people can buy BTC but nobody is aware, expect Bitcoiners who have no use to buy BTC at a premium rate since they know how to do it the traditional way.

I've heard they advertised on TV a bit recently
legendary
Activity: 2912
Merit: 1852
...

LOL, guys, re asking the store clerks for help.  Yeah, I got a blank look from the clerk at the check-cashing shop where I tried to complete my purchase of BTC yesterday.

If/when I get approved by LibertyX, I'll make a trial run and report back.  Buying BTC at CVS and/or 7-Eleven seems like it would be a big deal for many of us.
legendary
Activity: 4354
Merit: 3614
what is this "brake pedal" you speak of?
I'm trying to think of a reason why I should try it and I'm coming up short. I'd need to do invasive KYC, it's not like I can just hand cash over anonymously. I'd have to pay 0.5% + $5 according to the CT article. Worst of all, I'd have to get off my couch and go somewhere. What makes it worth it?

for me its the experience of standing there whilst others look at you like youre buying monopoly money. priceless.

i am soooo there once it comes around here.

on an (unrelated) side note, last time i bought  gift cards for some  friends whos businesses were shut down due to covid i had to answer the clerks questions that i was not coerced into buying the cards due to scams like paying the irs with the cards and such. had an interesting conversation with the cashier for a bit as it seems thats pretty common. wonder what the new line might be. buying btc isnt the same but im sure there will be looks given.

cant wait.

and although i dislike the cameras and kyc etc but hey big brothers has been around long enough that it hardly matters for me at this point. big brother knows all about my goat porn collections and such anyway.



This is run by the biggest and oldest Bitcoin ATM network. They'll know the ins and outs and the legal manoeuvres. The biggest issue would be the utter cluelessness of the store clerk person. I would hope they've made it totally foolproof and mindless on that side.

i can just picture asking the typical store cashier for help (especially the ones with liberal arts degrees that are now stuck working there due to.. reasons heh.

one would hope there an 800 number to call.

on second thought, scratch that 800 help number. likely be worse than blindly hitting buttons.
legendary
Activity: 2590
Merit: 3014
Welt Am Draht
I think if I had to deal with one of those I'd stick with an established exchange than a new unproven service.

Or better yet, try one of those newfangled decentralized things but I've been a hodler for too long so I'm out of touch with what the cool kids use these days.

This is run by the biggest and oldest Bitcoin ATM network. They'll know the ins and outs and the legal manoeuvres. The biggest issue would be the utter cluelessness of the store clerk person. I would hope they've made it totally foolproof and mindless on that side.

If I had the choice of this vs some totally unfamiliar dex the latter would take more to convince me.
legendary
Activity: 2912
Merit: 1852
I have never worked with any exchanges..., I have read of many problems with people working with exchanges only to find their BTC gets locked up.  Nor have I gone with localbitcoins since THEY started asking for KYC/AML.

Any centralized shop, whether it's a "traditional" exchange or this LibertyX thing or a BTM operator is prone to problems like that, and more (e.g. leaking your dox). I think if I had to deal with one of those I'd stick with an established exchange than a new unproven service.

Or better yet, try one of those newfangled decentralized things but I've been a hodler for too long so I'm out of touch with what the cool kids use these days.


Hear you re new & cool things.  That's why I feel free to ask lots of questions around here...
legendary
Activity: 3654
Merit: 8909
https://bpip.org
I have never worked with any exchanges..., I have read of many problems with people working with exchanges only to find their BTC gets locked up.  Nor have I gone with localbitcoins since THEY started asking for KYC/AML.

Any centralized shop, whether it's a "traditional" exchange or this LibertyX thing or a BTM operator is prone to problems like that, and more (e.g. leaking your dox). I think if I had to deal with one of those I'd stick with an established exchange than a new unproven service.

Or better yet, try one of those newfangled decentralized things but I've been a hodler for too long so I'm out of touch with what the cool kids use these days.
legendary
Activity: 2912
Merit: 1852
There've been services like this in the past like Zipzap and that one that was through French tabacs that were going to change the world. Then they were never heard of again. I'll guess this will go the same way.

There's got to be a level where KYC isn't required, and if there isn't they should establish one. In Europe you can put 250 Euros through a prepaid card before having to identify yourself.


Yeah, I remember reading about the tabacs looking into selling BTC there in France.  Nor have I heard squat since...

That would be too bad if LibertyX's service disappears into a black hole of no demand.  I suppose we'll see before long.

Every US BTM I have seen lately asks for KYC info of one sort or another even for $10 work of BTC.
legendary
Activity: 2590
Merit: 3014
Welt Am Draht
There've been services like this in the past like Zipzap and that one that was through French tabacs that were going to change the world. Then they were never heard of again. I'll guess this will go the same way.

There's got to be a level where KYC isn't required, and if there isn't they should establish one. In Europe you can put 250 Euros through a prepaid card before having to identify yourself.
legendary
Activity: 2912
Merit: 1852
I'm trying to think of a reason why I should try it and I'm coming up short. I'd need to do invasive KYC, it's not like I can just hand cash over anonymously. I'd have to pay 0.5% + $5 according to the CT article. Worst of all, I'd have to get off my couch and go somewhere. What makes it worth it?


The KYC is quite invasive, and I almost decided to not try the service out.  But, I currently buy my BTC in small amounts from BTMs in my area (which charge more and ask for phone number & name anyway).  For me, the ability to buy from almost any 7-Eleven or CVS is pretty convenient.

I have never worked with any exchanges..., I have read of many problems with people working with exchanges only to find their BTC gets locked up.  Nor have I gone with localbitcoins since THEY started asking for KYC/AML.
legendary
Activity: 3654
Merit: 8909
https://bpip.org
I'm trying to think of a reason why I should try it and I'm coming up short. I'd need to do invasive KYC, it's not like I can just hand cash over anonymously. I'd have to pay 0.5% + $5 according to the CT article. Worst of all, I'd have to get off my couch and go somewhere. What makes it worth it?
legendary
Activity: 2912
Merit: 1852
...

LibertyX just announced that it is/will be selling BTC from many CVS stores as well as 7-Elevens.  I looked into this a bit, it looks like the first step is to download an app onto your cellphone.  Then go through the usual onerous KYC/AML procedures.  OK, done.  It looks like they needs some two days to review the info before one can go buy BTC.

https://cointelegraph.com/news/libertyx-allows-btc-purchases-in-cash-at-7-eleven-cvs-and-rite-aid

https://libertyx.com/a/waitlist

Poking around the LibertyX website some more, I saw that there are some other locations (non ATMs, also payday stores, etc.) where one can get BTC for cash, so I set up an order, then went over there.  Yet, it was declined (perhaps KYC/AML related, can't do anything even though they took the order over the 'Net?).

So, it looks like (at least according to the recent announcements) a convenient service although I just burned up nearly half a day trying to sign up, KYC/AML and to buy...  Maybe just "growing pains" (as they just announced the new service).


Has anyone been able to complete a transaction using LibertyX's new service with CVS or 7-Eleven? 
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