a step forward towards understanding the risky bitcoin transactions.
from there we are sure that more and more people will use it, because besides being simple to use and also easy for us to transact when we use a bitcoin ATM..
.but in my country it may not exist because the government still considers bitcoin illegal and has not been recognized by the government as a legal transaction tool...
Topic: My first time using a Bitcoin ATM - page 2. (Read 617 times)
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
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
I have been trying to look in to using a bitcoin ATM the past couple weeks and have found it to be a pretty big pain in the ass. Sure if you are just dealing with a small amount of money than it's probably pretty easy and straight forward, but if larger amounts are in play then its not so easy. The ATM I had been trying to use only allows for $1,000 total before a full KYC form has to be filled out. There are limits on how much you can take out at one time etc. Maybe some ATMs are better than others in this regard though?
So first off, I was asked a phone number for a verification code and then, I had to scan my Bitcoin address QR code. I then inserted 100$ 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.
Btw Why do you think this transcation is an anonymous way? Where you passed your phone number and your phone number is registered with your Government id card or Pasport? 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.
Congratulations Bro 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.
I wished to know which ATM you used and in which area/country. Also about the fees, did you received the equivalence of 100$ in exact amount or some fee was deducted? And what about the network fee? Who paid it?
I think i will see btc ATM in my country when a creature from planet Mars kiss a human girl on the moon ground, this is why i ask such dumb questions. Thank you
The brand of the ATM was localcoin and my area is North America. for the fees, I recieved 95$ and obtained a discount code for my next purchase. It truly is very convenient!
There is a rate difference between fees to buy and fees to sell.
Personally, i give interest to the ATM technology as a safe way to anonymously buy/sell bitcoin, not just as good investment.
That's the price of availing this service. If you are fine with their fees because of the convenience that it brings, then good for you. Because if the service is readily available in your area, usually persons tend to use it, even if we say the fees are quite expensive. Don't know if the fees in btc ATMs is dynamic with the network congestion. Is it fix or the transaction fee changes? Never had any experience with bitcoin ATM because it is far from where I am residing at. But one day, I want to find out how btc ATM works in my country and how much they are charging.
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.
Congratulations Bro 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.
I wished to know which ATM you used and in which area/country. Also about the fees, did you received the equivalence of 100$ in exact amount or some fee was deducted? And what about the network fee? Who paid it?
I think i will see btc ATM in my country when a creature from planet Mars kiss a human girl on the moon ground, this is why i ask such dumb questions. Thank you
The brand of the ATM was localcoin and my area is North America. for the fees, I recieved 95$ and obtained a discount code for my next purchase. It truly is very convenient!
There is a rate difference between fees to buy and fees to sell.
Personally, i give interest to the ATM technology as a safe way to anonymously buy/sell bitcoin, not just as good investment.
For the sake of actual experience and adopting such changes and at the same time you do make out some purchases then you wouldn't really be minding on using these ATM's for that sole purpose.
Sadly on my part on where those ATM's are located on central or capital which is really way too far off.How I wish I could really have the experience on buying one.
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.
Congratulations Bro 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.
I wished to know which ATM you used and in which area/country. Also about the fees, did you received the equivalence of 100$ in exact amount or some fee was deducted? And what about the network fee? Who paid it?
I think i will see btc ATM in my country when a creature from planet Mars kiss a human girl on the moon ground, this is why i ask such dumb questions. Thank you
The brand of the ATM was localcoin and my area is North America. for the fees, I recieved 95$ and obtained a discount code for my next purchase. It truly is very convenient!
There is a rate difference between fees to buy and fees to sell. Although they should be as dynamic as the network congestion.
Personally, i give interest to the ATM technology as a safe way to anonymously buy/sell bitcoin, not just as a good investment. However, it's still not effecient way to sell/buy big amounts at the same level of security/safety.
I wouldn’t say that it is the most anonymous way, because making use of peer to peer exchanges is also anonymous. But from the way that you have explained it here it seems that is really going to be an easy method to use for buying bitcoins. There is an ATM in my country but have not even bothered myself about making use of it because I’m really OK with making it a peer to peer exchanges such as paxful.com which I’ve been using for a long time now.
And good thing with buying it online is that I can stay anywhere even in my home and do whatever transaction I want to do. I’m not the type that is used to going to ATMs or banks, I just prefer to stay at the comfort of my home and do whatever I want to do. Another thing I think you forgot to mention is the fees that you paid for the transaction that you did on the ATM. I would love to know how much fees you paid for the transaction.
And good thing with buying it online is that I can stay anywhere even in my home and do whatever transaction I want to do. I’m not the type that is used to going to ATMs or banks, I just prefer to stay at the comfort of my home and do whatever I want to do. Another thing I think you forgot to mention is the fees that you paid for the transaction that you did on the ATM. I would love to know how much fees you paid for the transaction.
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.
Congratulations Bro 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.
I wished to know which ATM you used and in which area/country. Also about the fees, did you received the equivalence of 100$ in exact amount or some fee was deducted? And what about the network fee? Who paid it?
I think i will see btc ATM in my country when a creature from planet Mars kiss a human girl on the moon ground, this is why i ask such dumb questions. Thank you
The brand of the ATM was localcoin and my area is North America. for the fees, I recieved 95$ and obtained a discount code for my next purchase. It truly is very convenient!
Only in certain countries that already have an ATM machine. Countries that do not legalize bitcoin are certainly not available because bitcoin or cryptocurrency regulations are only limited to commodity trading.
Bitcoin ATMs are only a form of the country's seriousness to adopt bitcoin and can be used by many ordinary people.
Of course it will be a valuable experience to be able to use a Bitcoin ATM Machine.
Bitcoin ATMs are only a form of the country's seriousness to adopt bitcoin and can be used by many ordinary people.
Of course it will be a valuable experience to be able to use a Bitcoin ATM Machine.
Sounds so great, this is certainly very interesting and makes it easier to do transactions, where do you live? Has it really been approved by the government, because I just found out that it has been proven that Bitcoin ATM is available. Even though I've never tried it but it's interesting if I can do that too at my place, that's cool. I hope everyone here can feel the functionality of the Bitcoin Atm machine in the future, it's like imagination in my mind.
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
About the anonymity of the process you did using Bitcoin ATM I think it is anonymous, but about the safety of using Bitcoin ATM I don't think it's the safest, I am a Bitcoin and crypto-currency enthusiast but I don't think Bitcoin ATM or anything financial should be considered the safest means because if so then the sensitivity of people about the forms of being scammed even in Bitcoin usage would be low. Furthermore I would like to access the usage of Bitcoin ATM but right now it's limited in my country. 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
Glad to see that you have good experience in using Bitcoin ATM.
Well, actually, I personally never use it, unfortunately, there is no Bitcoin ATM in my area
But yes, most will say that it has high speed.
But I am wondering about the fees, many people say that the fee is commonly higher when using the Bitcoin ATM.
This can be a choice but what's about spending more fees?
I know that some people may not concern about the fees because they prefer to have more safety and also availability to buy or sell Bitcoin via Bitcoin ATM.
Well, actually, I personally never use it, unfortunately, there is no Bitcoin ATM in my area
But yes, most will say that it has high speed.
But I am wondering about the fees, many people say that the fee is commonly higher when using the Bitcoin ATM.
This can be a choice but what's about spending more fees?
I know that some people may not concern about the fees because they prefer to have more safety and also availability to buy or sell Bitcoin via Bitcoin ATM.
Thanks for sharing your experience with us. I have read a few stories that have used Bitcoin ATM, but I was not really aware of using mobile numbers during parsing Bitcoin. As you said you bought Bitcoin safely and anonymously, this is not true at all. Because I agree with safely because it is quite safe and there is no chance of scam or fraud, but really you are not anonymous since you have submitted your mobile number. The government can identify who bought the Bitcoin. However, I don't think this is a problem for you because there is a bitcoin ATM machine means Bitcoin is not illegal in your country. But this is a matter of tax maybe you cannot avoid paying tax if necessary. It is good to see at least you can buy Bitcoin directly from ATM.
Perhaps someone can avoid disclosing their identity via a cell phone number by using a one-time number purchased for insertion into an ATM if they wish to remain anonymous without government identification. But it is natural that it is always possible to support the government by complying with its rule by not doing so. If it's due to taxes then let the government get taxes from the bitcoins they have legalized. I have never made a transaction at a bitcoin ATM because I didn't have the opportunity when my country still had an ATM machine. But unfortunately now it has been closed by the government. So I don't really understand how to use that ATM machine even though it seems easy.
Congratulation for such favourable experience you had in bitcoin ATM machine in the community. With the procedure you have displayed show bitcoin ATM machine is relabel compare to fiat ATM machine that will swallow your ATM card not to have access to your fiat money at the moment. Many bitcoin users who are into long term and short term investment, to start using bitcoin ATM to invest with full confidence to achieve something suitable from the investment.
Thanks for sharing your experience with us. I have read a few stories that have used Bitcoin ATM, but I was not really aware of using mobile numbers during parsing Bitcoin. As you said you bought Bitcoin safely and anonymously, this is not true at all. Because I agree with safely because it is quite safe and there is no chance of scam or fraud, but really you are not anonymous since you have submitted your mobile number. The government can identify who bought the Bitcoin. However, I don't think this is a problem for you because there is a bitcoin ATM machine means Bitcoin is not illegal in your country. But this is a matter of tax maybe you cannot avoid paying tax if necessary. It is good to see at least you can buy Bitcoin directly from ATM.
Although there is no bitcoin atm machine yet in our country but i really appreciate sharing your experience with us. I would be glad making transactions in a bitcoin atm machine soon as i'm now aware how to do it successfully.However, it really confused me why is the machine asking for your mobile number? Isn't your btc wallet address enough for your verification? I really think there is something wrong with this as we are not becoming anonymous already. And if its connected with the government, i'm sure we can be traced easily by them which is not really a good thing.
Thanks for sharing your experience with us. I have read a few stories that have used Bitcoin ATM, but I was not really aware of using mobile numbers during parsing Bitcoin. As you said you bought Bitcoin safely and anonymously, this is not true at all. Because I agree with safely because it is quite safe and there is no chance of scam or fraud, but really you are not anonymous since you have submitted your mobile number. The government can identify who bought the Bitcoin. However, I don't think this is a problem for you because there is a bitcoin ATM machine means Bitcoin is not illegal in your country. But this is a matter of tax maybe you cannot avoid paying tax if necessary. It is good to see at least you can buy Bitcoin directly from ATM.
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.
Congratulations Bro 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.
I wished to know which ATM you used and in which area/country. Also about the fees, did you received the equivalence of 100$ in exact amount or some fee was deducted? And what about the network fee? Who paid it?
I think i will see btc ATM in my country when a creature from planet Mars kiss a human girl on the moon ground, this is why i ask such dumb questions. Thank you
The brand of the ATM was localcoin and my area is North America. for the fees, I recieved 95$ and obtained a discount code for my next purchase. It truly is very convenient!
I know that every operator should be able to determine the fee for each transaction, but i also know that the fee should be static percentage as well. So i wonder how the fee can be determined automatically knowing how many factors responsible to set it (Network, transaction size, inflated prices...etc) .
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
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
Good to see that your first experience with a bitcoin ATM was smooth. You forgot to mention a few things though.
How much fees did you incur when the transaction occurred ? Generally bitcoin transactions in an ATM has larger fees than from non-custodial wallets.
Did the ATM had any CCTV cameras ? If yes then you were not really anonymous since you provided your phone number and the camera footage with the timing can identify your identity.
What was the exchange rate ? Sometimes the exchange rate has some surcharge which makes it expensive for us to make a transaction in a bitcoin ATM.
It would benefit more people if you could provide these details.
It is very happy news to cash Bitcoin through ATM. It is a good development in the world of cryptocurrency. It is the start of the process that will be adopted by other countries of the world after the passing of time. It will take time but be patient that this process has started and it will spread soon.
The verification of phone numbers is not a bad thing. I think It is part of security & betterment.
The verification of phone numbers is not a bad thing. I think It is part of security & betterment.
I was asked a phone number for a verification code
The brand of the ATM was localcoin
Out of curiosity, why didn't you just stick to the "instacoin" BTM machine instead?- At least that one would've not asked to verify your phone number for a hundred dollars!
I don't think your wallet gets linked to your phone number after such a trade.
You're right, but your address does!i initially thought its only meant to perform transactions without the ability to accept cash or dispense cash,
Almost all of them come with at least one of those features. Jump to: