Trying the new Bitcoin ATM near my house

Eternad

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Quote from: BeGoods on June 21, 2017, 08:03:45 PM

Quote from: izanagi narukami on April 16, 2017, 10:49:47 AM

It's really amazing to see bitcoin ATM and it's really fun to see it's work.
Overall I see that transaction using bitcoin ATM seems secure and simple , hope I can see mine on my place !

In myself there are 2 atm bitcoin and 2 atm it is very far from my city. It might be amazing if bitcoin atm existed in different cities in different countries. Would be very easy to use and spending bitcoin right?

That's definitely amazing, having btc atm like how atm bank machines spreaded over the city is too hood to think about. Hoping to be able see some in our area too.

BeGoods

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Quote from: izanagi narukami on April 16, 2017, 10:49:47 AM

It's really amazing to see bitcoin ATM and it's really fun to see it's work.
Overall I see that transaction using bitcoin ATM seems secure and simple , hope I can see mine on my place !

In myself there are 2 atm bitcoin and 2 atm it is very far from my city. It might be amazing if bitcoin atm existed in different cities in different countries. Would be very easy to use and spending bitcoin right?

indocafe

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Quote from: YTBitcoin on April 03, 2017, 08:46:49 AM

I also wish that there would be an ATM in my country as with ATM we can use our bitcoin very easily in our country we can spend our bitcoin even in those places where there will not be any connection to our phone so we will go to ATM and will withdraw our money for our needs.

Agree with me gan, if there is atm in our country may be easier to take or withdraw our money from atm bitcoin for everyday needs.

snowcrashed

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Quote from: benperrin117 on April 03, 2017, 08:17:03 AM

There's a new Bitcoin ATM in the mall down the block from me, so I went over and checked it out.

https://www.youtube.com/watch?v=xajKjxxRL04

that BTM (Bitcoin ATM) was awesome! buying Bitcoin was very fast. There was only issue that the process to sell Bitcoin may take so long and, if someone sees that we are selling Bitcoin, they can try to steal phone and the code from us

erickkyut

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Wow. It is nice that there is a Bitcoin ATM near your house. It will be very accessible for you to withdraw and because of that, there will be tendencies that you will withdraw your Bitcoin even if it is not in need. You need extra discipline there brother

haroldtee

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Very nice one, though the rate is alarming but it is a good development. Withdrawals into fiat speedily cannot be gotten better though I am sure the owners are going to be making lots of money.

ethereumhunter

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Quote from: szpalata on June 16, 2017, 10:55:00 AM

Quote from: cloud69 on June 16, 2017, 01:58:24 AM

Quote from: benperrin117 on April 03, 2017, 08:17:03 AM

There's a new Bitcoin ATM in the mall down the block from me, so I went over and checked it out.

https://www.youtube.com/watch?v=xajKjxxRL04

I never like bitcoin ATMs because of the rates. they're good for publicity though!

Of course they were installed to bring profits to their owners so definitely expect some abnormal rates which would have been low if you bought from an exchange directly online or in person than using that machine.

how much the fee for using the ATM? if the fee is to expensive than any other wallet, then i think only few people will used the machine and they will prefer to used the other service. beside that, actually ATM machine is helping people to easily deposit and withdraw their bitcoin into fiat and this is a good news for people.

szpalata

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Quote from: cloud69 on June 16, 2017, 01:58:24 AM

Quote from: benperrin117 on April 03, 2017, 08:17:03 AM

There's a new Bitcoin ATM in the mall down the block from me, so I went over and checked it out.

https://www.youtube.com/watch?v=xajKjxxRL04

I never like bitcoin ATMs because of the rates. they're good for publicity though!

Of course they were installed to bring profits to their owners so definitely expect some abnormal rates which would have been low if you bought from an exchange directly online or in person than using that machine.

aoluain

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Quote from: cloud69 on June 16, 2017, 01:58:24 AM

Quote from: benperrin117 on April 03, 2017, 08:17:03 AM

There's a new Bitcoin ATM in the mall down the block from me, so I went over and checked it out.

https://www.youtube.com/watch?v=xajKjxxRL04

I never like bitcoin ATMs because of the rates. they're good for publicity though!

totally missed this thread initially!
I love it, loved the youtube video too, thanks to the OP for posting.

The rate doesnt matter if you are spending $20 - $50
it maters greatly if you are spending $250+ IMO

Its a great way to convert a few extra FIAT's into BTC on the go
without having to jump through the usual security hoops to set up.

Chin Cheng

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Quote from: Makka on June 16, 2017, 03:59:54 AM

This is another significant step by bitcoin. This simply means that bitcoin is slowly taking its place in the world of commerce.
I hope something like this will also be installed in our country.

There are many regulations and licenses needed to place a bitcoin ATM machine and from what i understand it is not a profitable business model,you need to pay higher fees for purchasing bitcoin than the current price and you might need transmitter license to operate one,so since there are many hurdles i do not think you wont find many ATM machines around the world.

Makka

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This is another significant step by bitcoin. This simply means that bitcoin is slowly taking its place in the world of commerce.

I know this would take some time, but I hope this will be multiplied to several countries more so that those people who remain skeptic as to the real score of bitcoin would start to believe. If they found out that this bitcoin ATM thing is really working great, I know more of it will be installed.

I hope something like this will also be installed in our country.

Pattart

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Quote from: izanagi narukami on April 16, 2017, 10:49:47 AM

It's really amazing to see bitcoin ATM and it's really fun to see it's work.
Overall I see that transaction using bitcoin ATM seems secure and simple , hope I can see mine on my place !

Now there are many ATM bitcoin that exist all over the world. I myself do not know how it works because I myself have never tried to pull bitcoin using ATM bitcoin, I really want to at least try it once to withdraw bitcoin from ATM

zoelhack

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If I have the dean of a bitcoin ATM machine I will feel happy but rather maybe I take every day as well, and I do not know how much the tariff every one time what the transaction is high tariff?

Remainder

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Quote from: cloud69 on June 16, 2017, 01:58:24 AM

Quote from: benperrin117 on April 03, 2017, 08:17:03 AM

There's a new Bitcoin ATM in the mall down the block from me, so I went over and checked it out.

https://www.youtube.com/watch?v=xajKjxxRL04

I never like bitcoin ATMs because of the rates. they're good for publicity though!

for me it is okay to have bitcoin ATM in order to cash-out some of our bitcoin easily and the transaction fee is just fine because they have also huge capital to build that ATM machine it is just a fair game just don't cash-out small amount of bitcoin.

hajimasan

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wish I would have such Opportunity to access ATM for bitcoin transaction instead of mobile and laptop. yes the day will arrive soon when we could use ATM freely around like normal ATM we use. but really you know I am comfortable with my traditional mobile and web wallet and it does my work better than any other devices and any other form of wallets. because it simply makes my work easier and its simplest form of wallet for me. and those other form of wallets like hardware wallets, paper wallet are simply waste for me and consumes lot of time and are not accessible everytime and everywhere oth the other hand online web wallets and android app wallet makes my task 10 times faster then ever. but having ATM would be a plus point for bitcoin users as simply it would add extra comfort to us inspite of digital web wallets and mobile apps.

cloud69

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Quote from: benperrin117 on April 03, 2017, 08:17:03 AM

There's a new Bitcoin ATM in the mall down the block from me, so I went over and checked it out.

https://www.youtube.com/watch?v=xajKjxxRL04

I never like bitcoin ATMs because of the rates. they're good for publicity though!

franklin9

newbie

Activity: 88

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Great thing to have your own backyard "or at least, in the neighborhood" bitcoin ATM, right now, other than ATM's it might be difficult to buy bitcoins now anonymously, exchanges require full KYC and ID verification, even p2p with methods other than cash ask for ID which I'm not comfortable giving, ATM's are perfect and the fees aren't higher than those of a P2P trader.

ViceOfBTC21

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Still better than no ways to buy. If you can't leave house, You just need to sneak out at night with cash and phone and buy/sell bitcoins. Easy peasy.

biter66

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Are these bitcoin ATM's business or private owned. Does anyone know how you can invest and put one at a mall or business. Does these require alot of money to own if they are sold to individuals.

Silberman

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Quote from: benperrin117 on April 03, 2017, 08:17:03 AM

There's a new Bitcoin ATM in the mall down the block from me, so I went over and checked it out.

https://www.youtube.com/watch?v=xajKjxxRL04

Lucky you that you have a Bitcoin ATM so close to you the closest bitcoin ATM to my house is thousands of miles away but the rates don’t seem very good but it could be used for emergencies where you really need to sell your bitcoin.

Topic: Trying the new Bitcoin ATM near my house (Read 6000 times)