My first time using a Bitcoin ATM | Bitcointalksearch.org

so98nn

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Good to see someone sharing the experience of Bitcoin ATM. Unfortunately our country does not even have the legal tender for setting up the bitcoin ATM's. One brave man tried to install the Bitcoin ATM in Bangalore city of India, and boom the news was all over the newspaper next day and more over it was boom on the social network too.

And the surprise is yet to come. The following day Indian Police raided that mall and ceased the Bitcoin ATM. There was not even single man who was able to use the classic machine. Lolz.

Well, lucky those who has the machines installed in their countries and all of you must use it regularly as it reduces the efforts to go online make the transactions.

Also, reading your post makes it clear that its very very easy job, just like using the traditional ATM's.

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Quote from: excro on October 18, 2021, 08:35:08 PM

Hello everyone, I am writing this post, because yesterday, was the first time I ever used a Bitcoin ATM machine. I will be talking about my experience in this post.

So first off, I was asked a phone number for a verification code and then, I had to scan my Bitcoin address QR code. I then inserted 100$ of liquid money into the machine and recieved a notification on my phone telling me that the transaction went through successfully.

I was very surprised because I didn't think that the proccess would be that fast. To be honest, I will definitly buy from Bitcoin ATM's in the future as I clearly see this as the safest and most anonymous way to buy Bitcoin.

Regards, excro Wink

Yes, the Bitcoin ATMs are a great thing.
Unfortunately, this has not yet been widely established and is quite expensive with the fees.

And in most countries, unfortunately, the government is much interested in the fact that everything is done with ID and verification to prevent alleged possible money laundering ...
Therefore you can also say bye to anonymity in using Bitcoin-ATM's!

molsewid

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Quote from: yohananaomi on November 20, 2021, 03:39:11 AM

I think the need to be able to get a bitcoin ATM is definitely a good thing, but maybe a country that already recognizes bitcoin or crypto as a legal medium of exchange can certainly provide this need.
because one day an ATM is needed to facilitate transactions that we can do when we travel.

the impact of the existence of an ATM will clearly make trust in bitcoin higher and many understand what bitcoin means. it will make bitcoin more sought after and made a pretty good investment.

Be happy that you can enjoy a bitcoin ATM because the convenience is right in front of your eyes and you just have to use it, for countries that do not yet have an ATM, there is no need to be discouraged because the benefits are adjusted to the conditions of each country.

OP didn't mentioned where country he's residing but on the thought of the thread I am already assuming that it is in El Salvador because so far this is the only country I've known that was already legalize bitcoin and adopting the use case of this digital finance. Honestly, I would like to experience too how to withdraw an asset to fiat with the use of Bitcoin ATM but sadly here in my country cryptocurrency is not legal and I'm afraid that the government may already take action to ban any transaction regarding crypto, so far up to date there's no legal action that they have taken and I take advantage to maximize the use of my crypto.

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Quote from: Ibrahim60 on November 19, 2021, 01:33:42 PM

Quote from: excro on October 18, 2021, 08:35:08 PM

Hello everyone, I am writing this post, because yesterday, was the first time I ever used a Bitcoin ATM machine. I will be talking about my experience in this post.

So first off, I was asked a phone number for a verification code and then, I had to scan my Bitcoin address QR code. I then inserted 100$ of liquid money into the machine and recieved a notification on my phone telling me that the transaction went through successfully.

I was very surprised because I didn't think that the proccess would be that fast. To be honest, I will definitly buy from Bitcoin ATM's in the future as I clearly see this as the safest and most anonymous way to buy Bitcoin.

Regards, excro Wink

Wow!!! This is such a great news and great experience i think. I have a question that in which country you use Bitcoin ATM?
Hope that one day my country also accept Bitcoin and I'm also using Bitcoin ATM for buying and selling Bitcoin.

I think the need to be able to get a bitcoin ATM is definitely a good thing, but maybe a country that already recognizes bitcoin or crypto as a legal medium of exchange can certainly provide this need.
because one day an ATM is needed to facilitate transactions that we can do when we travel.

the impact of the existence of an ATM will clearly make trust in bitcoin higher and many understand what bitcoin means. it will make bitcoin more sought after and made a pretty good investment.

Be happy that you can enjoy a bitcoin ATM because the convenience is right in front of your eyes and you just have to use it, for countries that do not yet have an ATM, there is no need to be discouraged because the benefits are adjusted to the conditions of each country.

Ibrahim60

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Quote from: excro on October 18, 2021, 08:35:08 PM

Hello everyone, I am writing this post, because yesterday, was the first time I ever used a Bitcoin ATM machine. I will be talking about my experience in this post.

So first off, I was asked a phone number for a verification code and then, I had to scan my Bitcoin address QR code. I then inserted 100$ of liquid money into the machine and recieved a notification on my phone telling me that the transaction went through successfully.

I was very surprised because I didn't think that the proccess would be that fast. To be honest, I will definitly buy from Bitcoin ATM's in the future as I clearly see this as the safest and most anonymous way to buy Bitcoin.

Regards, excro Wink

Wow!!! This is such a great news and great experience i think. I have a question that in which country you use Bitcoin ATM?
Hope that one day my country also accept Bitcoin and I'm also using Bitcoin ATM for buying and selling Bitcoin.

dificanovi

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Quote from: excro on October 18, 2021, 08:35:08 PM

Hello everyone, I am writing this post, because yesterday, was the first time I ever used a Bitcoin ATM machine. I will be talking about my experience in this post.

So first off, I was asked a phone number for a verification code and then, I had to scan my Bitcoin address QR code. I then inserted 100$ of liquid money into the machine and recieved a notification on my phone telling me that the transaction went through successfully.

I was very surprised because I didn't think that the proccess would be that fast. To be honest, I will definitly buy from Bitcoin ATM's in the future as I clearly see this as the safest and most anonymous way to buy Bitcoin.

Regards, excro Wink

It seems very easy to make transactions via Bitcoin ATMs, I also want to use Bitcoin ATMs but in my country there is no Bitcoin ATM. I'm sure this is just the beginning and someday Bitcoin ATMs will definitely expand all over the world, I can't wait to use them. The latest and greatest news about Bitcoin is always popping up, this proves that there will be massive adoption coming and it seems that there is no need to wait to buy Bitcoin.

bosede1

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I would love to use one myself in the future and I hope it will be in my country. It will be nice to see Bitcoin ATM around like normal bank ATM which Bitcoin users will have access to.

MIner1448

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This is an unusually cool buying process, but did you see the anonymity here? After all, you registered your phone number at the ATM, and I am also sure that there is also a video surveillance camera, in general, there is still a big question about anonymity ...

topbitcoin

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At past there are some bitcoin atm in my country but i never use it yet. But i think and see people talk about phone number, i think it is dangerous to give our phone number to others include website, because it is personal information. Maybe can solve with buying phone number again and split which that only be used to transaction and which one is our main phone number, like an email.

habebe

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for having an ATM card it well be nice to hear that because there is a new way in which to lead a bitcoin crypto as the biggest crypto currency in the country, As we all know Bitcoin is decentralized currency and moreover regarding about wallet one run it on well way some of them are using digital wallet of bitcoin that is very nice also but there is also that we need to rush to use bitcoin or money as well soo no need to use wallet anytime you want to, and anytime you where you can he withdraws too ATM exchange to currency

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Quote from: excro on October 18, 2021, 08:35:08 PM

Hello everyone, I am writing this post, because yesterday, was the first time I ever used a Bitcoin ATM machine. I will be talking about my experience in this post.

So first off, I was asked a phone number for a verification code and then, I had to scan my Bitcoin address QR code. I then inserted 100$ of liquid money into the machine and recieved a notification on my phone telling me that the transaction went through successfully.

I was very surprised because I didn't think that the proccess would be that fast. To be honest, I will definitly buy from Bitcoin ATM's in the future as I clearly see this as the safest and most anonymous way to buy Bitcoin.

Regards, excro Wink

I bought my first bitcoins from btc atm too. But quickly noticed that they had huge fees compared to any cex out there. They didn't say they would have fees but the spread of buys and sells was so huge it was obvious they were funded that way. I sold a ton too when it was still possible without kyc.

Pamadar

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Quote from: Ararbermas on November 13, 2021, 12:50:19 PM

Quote from: excro on October 18, 2021, 08:35:08 PM

Hello everyone, I am writing this post, because yesterday, was the first time I ever used a Bitcoin ATM machine. I will be talking about my experience in this post.

So first off, I was asked a phone number for a verification code and then, I had to scan my Bitcoin address QR code. I then inserted 100$ of liquid money into the machine and recieved a notification on my phone telling me that the transaction went through successfully.

I was very surprised because I didn't think that the proccess would be that fast. To be honest, I will definitly buy from Bitcoin ATM's in the future as I clearly see this as the safest and most anonymous way to buy Bitcoin.

Regards, excro Wink

well that's what crypto is, wherein very fast when it comes transaction and you only need one confirmation then boom, it's like sending messages..Lol
nevertheless if my country provides such ATMs for sure withdrawing money isn't a problem anymore. I mean you don't to fall in line in order to have some cash.. Just scan the QR code then easy money.. Grin

but i don't know if its possible to have in the near future since most people here in my place don't believe in such things and what they know about bitcoin is totally scam.. Lol well i don't care infact i still have options to covert my crypto to fiat. Grin

If that is what many think about Bitcoin, the chance is very slim to have a working ATM in your place.

Unlike with developing countries where many ATMs are already scattered around, the same way on how regular fiat ATM works, crypto users don't need to convert their bitcoin to fiat, but by simply using the machine and they will have it.

If I'm not mistaken, from where am I, there are already Machines, but only in a selected place not many but good enough to know
that it's already existing and there are crypto followers who are enjoying it.

DarkDays

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Quote from: GreatArkansas on October 18, 2021, 09:01:11 PM

Quote from: excro on October 18, 2021, 08:35:08 PM

So first off, I was asked a phone number for a verification code and then, I had to scan my Bitcoin address QR code. I then inserted 100$ of liquid money into the machine and recieved a notification on my phone telling me that the transaction went through successfully.

Wow, it looks very easy and comfortable.

Agreed! It sound super simple (again, never tired it myself and I don't know if I'll ever will) Cheesy

Quote

But I am curious why they still need a phone number verification? What is the use of it?
As we all know Bitcoin is decentralized, anyone can send Bitcoin to our address without any requirements?

Yh, this peaked my curiosity too? In theory all you need is a Bitcoin wallet address which I presume you can scan the QR code for (if this even exists) or scan it in somehow, but why use a phone number?

I also wonder what are the exchange rates used Huh

terrorJR

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Quote from: excro on October 18, 2021, 08:35:08 PM

Hello everyone, I am writing this post, because yesterday, was the first time I ever used a Bitcoin ATM machine. I will be talking about my experience in this post.

So first off, I was asked a phone number for a verification code and then, I had to scan my Bitcoin address QR code. I then inserted 100$ of liquid money into the machine and recieved a notification on my phone telling me that the transaction went through successfully.

I was very surprised because I didn't think that the proccess would be that fast. To be honest, I will definitly buy from Bitcoin ATM's in the future as I clearly see this as the safest and most anonymous way to buy Bitcoin.

Regards, excro Wink

this is a very good experience and quite worth it especially with the speed as you describe in your thread this i think is very good to try.
but on the other hand I still can't try it because bitcoin atm is still not available in my country.
on the other hand I hope things like this will be evenly distributed to countries that have indeed adopted bitcoin to make transactions easier.

Alisha FR

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Very nice experience, I really want to try something like yours. There are still very few countries that use ATMs that can make Bitcoin transactions. This process is known to many people and other countries can use Bitcoin transactions through ATMs. As you said the process is very fast, this is a positive value that other countries should follow.

Ararbermas

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Quote from: excro on October 18, 2021, 08:35:08 PM

Hello everyone, I am writing this post, because yesterday, was the first time I ever used a Bitcoin ATM machine. I will be talking about my experience in this post.

So first off, I was asked a phone number for a verification code and then, I had to scan my Bitcoin address QR code. I then inserted 100$ of liquid money into the machine and recieved a notification on my phone telling me that the transaction went through successfully.

I was very surprised because I didn't think that the proccess would be that fast. To be honest, I will definitly buy from Bitcoin ATM's in the future as I clearly see this as the safest and most anonymous way to buy Bitcoin.

Regards, excro Wink

well that's what crypto is, wherein very fast when it comes transaction and you only need one confirmation then boom, it's like sending messages..Lol
nevertheless if my country provides such ATMs for sure withdrawing money isn't a problem anymore. I mean you don't to fall in line in order to have some cash.. Just scan the QR code then easy money.. Grin

but i don't know if its possible to have in the near future since most people here in my place don't believe in such things and what they know about bitcoin is totally scam.. Lol well i don't care infact i still have options to covert my crypto to fiat. Grin

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Quote from: godzillarekt007 on November 12, 2021, 06:49:26 PM

Quote from: excro on October 18, 2021, 08:35:08 PM

Hello everyone, I am writing this post, because yesterday, was the first time I ever used a Bitcoin ATM machine. I will be talking about my experience in this post.

So first off, I was asked a phone number for a verification code and then, I had to scan my Bitcoin address QR code. I then inserted 100$ of liquid money into the machine and recieved a notification on my phone telling me that the transaction went through successfully.

I was very surprised because I didn't think that the proccess would be that fast. To be honest, I will definitly buy from Bitcoin ATM's in the future as I clearly see this as the safest and most anonymous way to buy Bitcoin.

Regards, excro Wink

Nice I always thought it would be a painful experience. What about the fees? Heard they were super high at 8%+

He already said before on his one post about fees. He got $95 instead of $100. That means the fees is 5%. But i am confused ATM will cut 5% of total amount withdrawing Or no matter how much I withdraw, the fee will be $ 5

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Quote from: excro on October 18, 2021, 08:35:08 PM

Hello everyone, I am writing this post, because yesterday, was the first time I ever used a Bitcoin ATM machine. I will be talking about my experience in this post.

So first off, I was asked a phone number for a verification code and then, I had to scan my Bitcoin address QR code. I then inserted 100$ of liquid money into the machine and recieved a notification on my phone telling me that the transaction went through successfully.

I was very surprised because I didn't think that the proccess would be that fast. To be honest, I will definitly buy from Bitcoin ATM's in the future as I clearly see this as the safest and most anonymous way to buy Bitcoin.

Regards, excro Wink

Nice I always thought it would be a painful experience. What about the fees? Heard they were super high at 8%+

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Quote from: goldkingcoiner on November 12, 2021, 02:59:31 PM

I would love to see an ATM here in my country. We have introduced Bitcoin ATM's once and then they were made illegal and taken down again. I heard rumors of Bitcoin ATMs with strict KYC for any amount of Bitcoin purchased/sold, however I have yet to see such an ATM with my own eyes. So far, nothing yet.

But Im certain that Bitcoin is and should stay anonymous. That goes double for selling/buying Bitcoin. Thats the very idea upon which Bitcoin was built- to stay out of government control, and in the hands of the people. So such Bitcoin KYC ATMs don't serve much purpose, in my eyes.

No one is anonymous if bitcoin transaction are made at ATMs that require government regulation. Some of us agree with regulation where the government has reasons to control abuse, this is certainly no different from the centralized exchange that is currently widely used by bitcoin traders and investors. We really can't hide if we agree with centralization and if we care about transaction to remain anonymous then don't use centralized exchange or government-approved ATMs.

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I would love to see an ATM here in my country. We have introduced Bitcoin ATM's once and then they were made illegal and taken down again. I heard rumors of Bitcoin ATMs with strict KYC for any amount of Bitcoin purchased/sold, however I have yet to see such an ATM with my own eyes. So far, nothing yet.

But Im certain that Bitcoin is and should stay anonymous. That goes double for selling/buying Bitcoin. Thats the very idea upon which Bitcoin was built- to stay out of government control, and in the hands of the people. So such Bitcoin KYC ATMs don't serve much purpose, in my eyes.

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