Re: Bitcoin ATM dito sa Pilipinas existing 3 years ago na pala?

Quote from: NavI_027 on February 22, 2019, 03:49:11 AM

Quote from: LbtalkL on February 19, 2019, 10:03:17 PM

Akala ko yung UNION BANK ang una mas nauna pala to.

Yup! That's why I get confused why Unionbank tell that they are the first who established a btc ATM here in our country and why others believe the same thing (well, probably they're not aware of it). If they say that they are the first company/bank who did this then probably they're the first, but technically speaking, they're still not the first Grin

.

By the way, here's my post way back the time when someone shared a news regarding this issue.

Quote

https://bitcointalk.org/index.php?topic=5107090.msg49623585#msg49623585

What I think is Union bank will be the first to launch a Cryptocurrency ATM backed by a bank. Which means the ATM will never run out of funds. Unlike dun sa ATM na nasa Sunnette Tower, at the moment, it only serves Bitcoin buyers. Di pwedeng mag withdraw and may mga reviews from people last year na walang nilabas na pera after nila mag send ng BTC/LTC (nagse serve din ng LTC yung ATM na yun).

And yung ATM na yun walang technical support kapag nagloko, kanina ako pa mismo nagrestart nung ATM, nagcrash kasi yung UI. Buti na lang windows yung OS, nirestart ko tapos ok na ulit.

Anyway, nakabili naman ako ng bitcoin. Mas mahal nga lang sya ng around 3% kumpara sa coins.ph nung time na bumili ako. At may fixed ng 50php (in bitcoin) na transaction fee. Minimum nya ay 500php per transaction. Ramdam mo yung transaction fee kung maliit na halaga lang ang gagamitin mo. Siguro kung sa malakihan halos konti rin ang difference.

CONS
Withdrawal currently not available
No on-site technical support

PROS
No KYC required, only phone number to receive code
Almost 3% margin from coins.ph for the sake of anonymity