My first time using a Bitcoin ATM - page 3.

excro

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Quote from: coupable on October 21, 2021, 01:04:12 PM

Quote from: excro on October 18, 2021, 07:35:08 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.

Congratulations Bro Wink

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!

coupable

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Quote from: excro on October 18, 2021, 07:35:08 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.

Congratulations Bro Wink

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 know that fees are set as a result of many factors like the transaction seize & the btc price. I see many operator providers in google search, how you can get sure that you are using the safe one?
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

Cling18

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I wish we could also have at least a single Bitcoin machine in our country. I could imagine how convenient and fast the transactions will be. You're too lucky because you're able to experience using a physical Bitcoin machine. I believe that more people will see the real worth of Bitcoin because of developments like that.

ancafe

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wow, it's great to have a bitcoin ATM machine in your city. is there no fee for it when you buy bitcoin with $100 ? if there is no deduction, it will be the best way to buy bitcoin. besides that, can we also exchange bitcoins without fees? Yeah, I'm really curious about that. I hope I can also try it soon.

Alucard1

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I haven't tried yet using bitcoin ATM, but it seems so easy and comfortable to use, it now makes me really excited to use it someday but seems like impossible in my own country, maybe in other countries if ever I visit it in the future, I am just thinking about the number verification, I really do think that there will be no any verification because we are decentralized and we are all free to do it as long as we want, but then phone verification is just an easy thing and it will just add security.

Quote from: BuyingBitcoin on October 21, 2021, 08:58:29 AM

Bitcoin ATM transaction fees are way too high.

For real? if that so then I will stick on the traditional one.

BuyingBitcoin

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Bitcoin ATM transaction fees are way too high.

amihada

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I feel jealous of you, you are very lucky to be able to try bitcoin atm transactions directly I really hope in my country there will be bitcoin atm I can't wait to try transactions through bitcoin atm.

kryptqnick

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Nice job, op! I'm glad you had a positive experience. To be honest, I still haven't tried ATMs because I'm a bit afraid to do it. I generally hate ATMs because they're often on the streets and when people pass by or, worse, wait nearby, it makes me feel anxious. With Bitcoin, I'm also extra aware of privacy, and I don't want to end up in a situation when I'm stuck in the middle of performing a transaction and I have to provide some documents or pay huge fees. It's simpler and more comfortable to perform these tasks online at one's own pace and on websites with familiar rules and interfaces. But I plan to give it a shot with an ATM one day.

zaesvlas

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Interesting! In general, it is interesting to read about how the world is slowly coping with a new technology for it. As for me, this is just an exciting process!

Nathrixxx

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Quote from: excro on October 18, 2021, 07:35:08 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.

What an interesting experience, though am yet to physically see anyone yet but base on what we read and search online, i initially thought its only meant to perform transactions without the ability to accept cash or dispense cash, these features you made mention the ATM perfom makes it uniqueness more outstanding for multiple usage. Thanks you.

layoutph

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Personally I will not encash my bitcoins during this period unless Bitcoin will hit it's ATH. Because every single sats in Bitcoin is very valueble and will multiply a few many folds once it hits its all time high.

Quote from: excro on October 18, 2021, 07:35:08 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

Ngewex Yuk

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Until now I've never used a bitcoin ATM, of course it's a great experience to be able to get cash without having to move it to exchanges, with the increasing number of users I hope there are devs. who are serious about creating a bitcoin ATM and can accept all kinds of fiat.

famososMuertos

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Great detail your experience, but sometimes that is so-called "acceptance" of not knowing what you are doing and then maybe you will regret it, if you do it knowingly, that's it, but if you go to an ATM and then they tell you and privacy, anonymity, ah! I did not know about this.
Then it is not the "experience," the true experience with bitcoin is anonymity and privacy, the means you use to obtain your bitcoin does not matter.

AmoreJaz

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Quote from: sheenshane on October 19, 2021, 05:58:08 PM

Quote from: excro on October 18, 2021, 07:35:08 PM

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.

How much did the exact value of Bitcoin go through to your Bitcoin wallet? I have heard that buying Bitcoin in an ATM machine has a huge fee and I think that was I'm afraid of buying Bitcoin on an ATM machine.

To be honest, I didn't try this buying crypto on an ATM machine because it's rare in my place that establishments have an ATM machine for Bitcoin. So, I didn't try it yet. It seems very for you and that was a smooth transaction in Bitcoin ATM, I'm aware of the process of buying Bitcoin on ATM because I have watched and read people's experienced on buying Bitcoin on ATM.

this is what i'm curious also. compared to existing price in the market, how far it is, let's say in $? because i haven't tried this method, because aside from being far from actual bitcoin ATM, i know that the fees may be bit high as compared to purchasing it via online even from your local exchange. i do agree about the anonymity factor though. so if you do care about your anonymity, this is a good way to get some satoshis, given that you can easily reach btc ATM in your area.

sheenshane

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Quote from: excro on October 18, 2021, 07:35:08 PM

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.

How much did the exact value of Bitcoin go through to your Bitcoin wallet? I have heard that buying Bitcoin in an ATM machine has a huge fee and I think that was I'm afraid of buying Bitcoin on an ATM machine.

To be honest, I didn't try this buying crypto on an ATM machine because it's rare in my place that establishments have an ATM machine for Bitcoin. So, I didn't try it yet. It seems very for you and that was a smooth transaction in Bitcoin ATM, I'm aware of the process of buying Bitcoin on ATM because I have watched and read people's experienced on buying Bitcoin on ATM.

GubiMixa1292

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Quote from: excro on October 18, 2021, 07:35:08 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 would be great to experience this and I have never tried using a BTC ATM in my country, it seems very fast and comfortable and then having to scan the QR code of your Bitcoin address. Sounds great for a BTC ATM experience but I always wonder if BTC transactions only use QR for withdrawal or not? Why do they force you to verify with your phone number. Have you ever asked yourself this question?

slaman29

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Quote from: DdmrDdmr on October 19, 2021, 04:25:49 AM

Quote from: slaman29 on October 19, 2021, 12:52:57 AM

<…> Interesting that the only KYC they asked for was a mobile phone. I thought nowadays it was all about personal ID documents.<…>

Most ATMs will require a mobile number under a certain amount that is being purchased/sold. If the quantity exceeds a certain threshold (and sometimes if there are consecutive TXs that surpass a certain value on aggregate), you will likely be required to provide further KYC documentation (Ids and such).

The mobile number is really a way to identify the user with ulterior steps if need be. It constitutes a minimum set of data which authorities could, if required, use to cross against other databases in order to determine de full ID of a given person. The industry in some countries is considering enhancing requirements, believing that a phone number is too laxed.

It's actually quite strict here where I live, with phone. They must be registered in person with the person's ID, and now cannot even be maintained without a credit (as soon as your credit expires your sim card also expires) so it forces you to keep the same number.

Of course, I understand there are people selling phone numbers online registered under their names and IDs so I'm sure governments are also aware of this loophole.

suryana

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You are very lucky to live in a country that supports bitcoin so you can experience withdrawing money with a bitcoin ATM. If it were in my country one day I would also try it because it was something new for me. But the question is whether btc ATM is safe? is there any other experience that may have had bad feelings using this atm?

Vaskiy

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From the post it looks like an easy thing to buy Bitcoin from an ATM. Through different articles and user experiences I have an understanding that it charges big as transaction cost. I don't know to what extent it is true. However if it is possible, then please post the amount worth of Bitcoin received in your wallet for $100. With this it is possible to calculate the amount in dollars taken as transaction fee/service cost.

Lucius

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Quote from: excro on October 18, 2021, 07:35:08 PM

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.

Some have already mentioned it, but everything you specifically liked has its price - and you can find out if you know what the average price of BTC was at the time of your transaction - and how much you actually got BTC for your $100 - I guess you got at least 10% less because crypto ATMs have fairly high fees. For small amounts, this may not be too important, but if you invest regularly in this way - be sure to check the price at which they sell you BTC and maybe try to find an alternative.

Topic: My first time using a Bitcoin ATM - page 3. (Read 617 times)