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Topic: Trying the new Bitcoin ATM near my house - page 7. (Read 6000 times)

sr. member
Activity: 440
Merit: 250
Gosh... the rate is extremely high at CAD$1820 per BTC (CAD$20 for 0.01099BTC). Current rate is only around CAD$1520!
but i think we do not need for any atm to be use for bitcoin.  i think the online wallet system is the best option for bitcoin to  use. i will like to continue using online wallet system for keeping my bitcoin.
legendary
Activity: 2632
Merit: 1094
The rate is 300 CAD more than the normal rate? That's insane. They should charge 5-10% more but their rate is almost 20%. Better to use online exchanges and convert BTC into fiat rather than using these ATMs. Online exchanges charge 5% fee which is more reasonable.
sr. member
Activity: 259
Merit: 250
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

Thanks for sharing. Did that machine also offer an option to convert BTC to cash?
legendary
Activity: 2912
Merit: 1068
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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.
member
Activity: 63
Merit: 10
I would like to have that possibility where I live, but apparently the rates would be a bit high. I think it will take some time for such fees to go down.
sr. member
Activity: 1246
Merit: 255
Really? ....
if bitcoin ATM can spread across our countries, that will be a great deal. infact it will  
aid better use of bitcoin. even if fiat will be in plan to be eliminated, this will be one of the way forward. cant wait to have it.
legendary
Activity: 1274
Merit: 1004
April 03, 2017, 12:39:50 PM
#9
its awesome to see still more and more bitcoin atms are being implemented all over the world, i hope soon my place will have one too. but i have observed all the bitcoin atms has this high price problem that like a common problem in all , i is worthy to  try even at that high price
sr. member
Activity: 546
Merit: 255
April 03, 2017, 12:10:59 PM
#8
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
Ok but i dont think many people will be interested in that as most of the people have bitcoins in wallets and it's enough for them.
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.
What did you even say like what are you even saying . What connection and what all. If you want to use internet then why will you go the the ATM.
Man you can get WiFi anywhere walking around and you have wallets for that . The offline wallets and when it comes to ATM then it means that you might be very rich and might be holding a lot of bitcoins and if your rich at least you can afford a net pack or so for your phone.
member
Activity: 77
Merit: 10
April 03, 2017, 12:04:49 PM
#7
That's nice. I wished it could spread to my country, cos sometimes, bitcoin transactions get difficult here.
legendary
Activity: 1904
Merit: 1074
April 03, 2017, 12:00:58 PM
#6
The option he did not cover was the ATM fees or did I miss that part? Most of these damn ATM's add a lot of fees to the transactions and it leaves

you out of pocket with a lot of money. They should have a pop-up showing what the cost of the transaction should be to give you a choice if you

want to proceed or not. I have to say the confirmation on those transactions was pretty fast... when was this video done?
legendary
Activity: 2758
Merit: 1004
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April 03, 2017, 09:12:49 AM
#5
Cool. if the tool has been spread across several countries, maybe it will be easier for people to buy bitcoin. Well, it probably would make the transaction more than ever before. but, I think bitcoin users in the world, the need for tools, because I think it is a cool tool that investment in a large market.
legendary
Activity: 3234
Merit: 5637
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April 03, 2017, 08:49:35 AM
#4
Gosh... the rate is extremely high at CAD$1820 per BTC (CAD$20 for 0.01099BTC). Current rate is only around CAD$1520!

It is always more expensive to sell/buy BTC on ATM,than on some exchanges.There is posted here some list of products you can buy for BTC and there is ATM for some 9+BTC,and if I remember exactly they say time to return investment is around 3 months.

It is nice to have ATM to buy BTC or exchange for fiat,but for now it is much expensive then exchanges,but in any case much easier and simpler.
hero member
Activity: 686
Merit: 500
April 03, 2017, 08:46:49 AM
#3
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.
sr. member
Activity: 552
Merit: 250
April 03, 2017, 08:28:32 AM
#2
Gosh... the rate is extremely high at CAD$1820 per BTC (CAD$20 for 0.01099BTC). Current rate is only around CAD$1520!
newbie
Activity: 33
Merit: 0
April 03, 2017, 08:17:03 AM
#1
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
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