Trying the new Bitcoin ATM near my house - page 6.

Davkul

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Quote from: ivanst776 on April 04, 2017, 03:17:15 PM

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's perfect, the explanation is just perfect for everyone even for those that don't know much about bitcoin.

One thing that could irritate people is the waiting time, for this tutorial it took you 5 minutes but in reality it takes more to sell bitcoin but shorter to buy bitcoin.

What kind of verification are needed for the second and third option? Why it didn't require phone number when you wanted to buy bitcoin worth 20 CAD?

P.S let us know where and how much have you purchased the sunglasses Tongue

, I'm gonna buy something similar hehe.

No clue about the verification system, but from what I've seen the ATM asked for his phone number in order to let him know through a message when he could have taken the $, since the process requires time. In the other case, there was no reason to insert his phone number as the transaction had been instantly sent to his wallet.

ivanst776

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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's perfect, the explanation is just perfect for everyone even for those that don't know much about bitcoin.

One thing that could irritate people is the waiting time, for this tutorial it took you 5 minutes but in reality it takes more to sell bitcoin but shorter to buy bitcoin.

What kind of verification are needed for the second and third option? Why it didn't require phone number when you wanted to buy bitcoin worth 20 CAD?

P.S let us know where and how much have you purchased the sunglasses Tongue

, I'm gonna buy something similar hehe.

PeRo

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Defend Bitcoin and its PoW: bitcoincleanup.com

I wish I had one of those in my town, but Bitcoin is not spread that much in my country, so I do not know if my town will ever get an ATM. There is only one ATM in the whole country and my town is not really among the bigger places, so I guess I'll be struggling to convert Bitcoins and fiat a bit more.

oktana

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Quote from: bamboylee on April 04, 2017, 01:35:48 PM

I wish I could try one too but there is no Bitcoin ATM yet near our vicinity. I think it will be good if more of this will be available for us so we are not dependent on localbitcoins or just a few bitcoin exchanges.

We live in era of technology, the use of atm being replaced by internet banking, as well as to Bitcoin ATM, we just need to wiped our smartphones and perform transactions instantly. Unless we are in business meeting or forget to carry gadget. Animo of Bitcoin atm in my country is still very low, even atm looks dirty and is placed in the corner of supermarket. For me, fee isn't a problem because there is actually no harm if done only occasionally.

jmeadows

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find local traders with cash in hand it's a better rate and less complicated

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Davkul

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Quote from: iram3130 on April 04, 2017, 01:41:55 PM

Quote from: bamboylee on April 04, 2017, 01:35:48 PM

I wish I could try one too but there is no Bitcoin ATM yet near our vicinity. I think it will be good if more of this will be available for us so we are not dependent on localbitcoins or just a few bitcoin exchanges.

For all those who are complaining or wishing for a Bitcoin ATM in their City or locality, just read the posts of those who have used it.
The exchange rates are ridiculously high and on that there will be transaction fees, it's better if you use an exchange and get the money to your bank which you can cash out anytime.

I mean.... I don't care about the rates at all, of course that need to be fixed, but I still like the concept of it.

Davkul

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Jesus Christ, I didn't even know something like that existed, that looks so cool.
I was being kinda skeptical for what concerns converting from BTC to cash, as I thought cash would have been automatically released by the ATM, so anybody could have taken it. But then I saw he had to scan the QR code to get it, that's simply awesome. I doubt I will see them at my place anytime soon, you're lucky haha.

iram3130

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Quote from: bamboylee on April 04, 2017, 01:35:48 PM

I wish I could try one too but there is no Bitcoin ATM yet near our vicinity. I think it will be good if more of this will be available for us so we are not dependent on localbitcoins or just a few bitcoin exchanges.

For all those who are complaining or wishing for a Bitcoin ATM in their City or locality, just read the posts of those who have used it.
The exchange rates are ridiculously high and on that there will be transaction fees, it's better if you use an exchange and get the money to your bank which you can cash out anytime.

bamboylee

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I wish I could try one too but there is no Bitcoin ATM yet near our vicinity. I think it will be good if more of this will be available for us so we are not dependent on localbitcoins or just a few bitcoin exchanges.

moni3z

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Quote from: Dorky on April 04, 2017, 10:32:48 AM

Why do you need atm when you have localbitcoins.com?

For small amounts, also 24hr access.
There's a bunch of ATMs where I live and numerous times I've had problems with them stopping halfway through a transaction reporting some error. Here they often have somebody hanging around working for the ATM to chase off
rival traders sitting beside it offering a lower rate so I was able to fix the problem immediately but would be wary of any standalone ATM with a phone number that just led to a voicemail that's never checked.

mhd japar siregar

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wow, I first see atm bitcoin on youtube, and it was really cool. I think will be very easy to invest if in each region have bitcoin atm like that, but I think it will be difficult, because not everyone knows that sort of thing.

Reid

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Wow. That buy rate is so far away from the selling rate. Huh

This is ridiculous. Is it a rip off or are they trying to back the capital of that ATM machine from the users?
That is not how business works. They might really want the ROI to be back in no time.
Who will use this kind of sh*t? How can we make people buy bitcoin if this is how we do it.
It is just sad. Way too much.

Monnt

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Quote from: bitbunnny on April 03, 2017, 12:51:34 PM

I have few Bitcoin ATMs in area where I live and work. But I have never tried them because I just don't have that habit to use them. It's much more convenient to me that I buy or sell my coins online, on localbitcoins. But it's good to have ATM option and I think that can contribute to popularity of Bitcoins.

I also don’t use the bitcoin ATM that much even they are scattered all around the city because they take more fees than the online peer to peer exchange platforms, I really think that ATM bitcoin machine are kind of too early to actually start using them because there is still many people who don’t actually use bitcoin in their business as a payment method.

robelneo

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We don't have one yet here in our country,but we have an online local exchange here where you can buy bitcoin by banks and convenient store,it will take five or ten more years before we can have our own bitcoin atm here and so I envy you.

Dorky

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Why do you need atm when you have localbitcoins.com?

Mometaskers

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Wow, that's cool! The exchange rate is a bit high but I'd definitely like to try it at least once. The only option we have in buying coins is through exchanges (they do offer various ways of cashing-in though). I wish we have at least one of these nearby. They should put out more of these to be visible to the public. I guess the good thing with having bitcoin ATMs is that it give a sense of normalcy to cryptos. People would see bitcoin as just some other form of money. If people can have cupcake "ATMs" why not bitcoin ATM?

BTW Ben, I'm a subber, I just haven't seen most of your vids because of the length. I only have 100gb monthly allowance so I refrain watching long vids. Sad

ahmedjamal1998

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That's dope. It's really easy to buy and sell bitcoins.
If I just had such an easy way to buy bitcoins other than paypal which cost me a lot I'd surely go for it.
I actually noticed that the rate was a bit too high but nothing to complain about I guess.

More and more of these ATMs are needed in the world.

Pettuh4

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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

Good for you. I wish they add cash-out option to it so that more Bitcoiners can subscribe to later on.

dearbesz1219

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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

Wow! that was cool if I am going to look at it. Here in my country I know we have only 1 Bitcoin ATM machine but too far from my place it takes 3 hours before I get there. But never experience to en-cash some of my bitcoin according to our currency, of course I would love to do that if ever I can visit to that place. Cheesy

andrew24p

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Nice video, if you ever meet the guy who owns it, ask him what hes paying in fees to put it in the mall. I looked into it around me and they wanted extortionist rates.

Topic: Trying the new Bitcoin ATM near my house - page 6. (Read 6000 times)