Quote from: cointastical on January 18, 2019, 10:33:31 PM

Coinstar machines will start selling Bitcoin at the grocery store
- https://techcrunch.com/2019/01/17/bitcoin-coinstar-coinme

I was moderately excited when I recently read this news a week or two ago and decided to look into it further to see where and how long it might be before one of these popped up locally for me.

So I read the article linked above, and followed an internal link in the article to a "Coinstar Bitcoin Locator Tool" (which proved to be fruitless and a waste of time) and they both seem to say that you will need to use paper money at these Coinstar kiosks to buy BTC. So unless I am missing something here, it really is just another BTC ATM (with the associated high fees) and not a place where I can dump in my bottles of spare change for direct conversion into BTC.

I suppose you can maybe convert coins into cash and then cash into crypto in a two step process, but no doubt there will be two sets of fees for each conversion. I can reluctantly deal with one high transaction fee, but two?? Sad

My pennies might be better served to just continue sitting in the water bottle.