Quote from: Davkul on April 04, 2017, 08:55:27 PM

Quote from: ivanst776 on April 04, 2017, 08:17:15 PM

Quote from: benperrin117 on April 03, 2017, 01:17:03 PM

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.

I think that if we send a bitcoin transaction then the ATM estimates if the fees are enough or it waits for the first confirmation.

But what are the next "level" of verification in order to sell or buy higher amount of bitcoins, if they require something like ID verification then I dont know how can they verify it or the process will take too long.