Quote from: ttookk on July 28, 2018, 07:38:17 PM

Quote from: WonderGuy on July 28, 2018, 07:22:53 PM

In my state there is one very convenient ATM to withdraw from about 1 hour away. The exchange rate is ridiculous and the daily max is $7,000 dollars. There's more ATM's available to buy bitcoin but only one to "sell" your BTC. The ATM is not all that bad since it gives you the option to also sell your LTC.

How does exchanging your BTC to cash on an ATM work exactly? Do you get an address and you send it there?

I wonder how they prevent you from sending another transaction with a higher fee and all that stuff. I mean, I guess you don't sit next to the ATM for half an hour until your TX is confirmed, right?

Bump for visibility. Can someone explain how this works? I mean, getting BTC for cash or via credit card is pretty straightforward, but the other way around, I can't see a practical way, at least not without lightning network.