Re: My first time using a Bitcoin ATM

Hello everyone, I am writing this post, because yesterday, was the first time I ever used a Bitcoin ATM machine. I will be talking about my experience in this post.

So first off, I was asked a phone number for a verification code and then, I had to scan my Bitcoin address QR code. I then inserted 100$ of liquid money into the machine and recieved a notification on my phone telling me that the transaction went through successfully.

I was very surprised because I didn't think that the proccess would be that fast. To be honest, I will definitly buy from Bitcoin ATM's in the future as I clearly see this as the safest and most anonymous way to buy Bitcoin.

Congratulations Bro Wink

I wished to know which ATM you used and in which area/country. Also about the fees, did you received the equivalence of 100$ in exact amount or some fee was deducted? And what about the network fee? Who paid it?
I think i will see btc ATM in my country when a creature from planet Mars kiss a human girl on the moon ground, this is why i ask such dumb questions. Thank you

The brand of the ATM was localcoin and my area is North America. for the fees, I recieved 95$ and obtained a discount code for my next purchase. It truly is very convenient!

I want to comment about the fees which seems to me as a very low charge. The 5$ deducted from your initial 100$ should cover the operator costs and miner fees, and by checking fees or other ATMs i found that the average is 10$ for a simple transaction of 100$.
I know that every operator should be able to determine the fee for each transaction, but i also know that the fee should be static percentage as well. So i wonder how the fee can be determined automatically knowing how many factors responsible to set it (Network, transaction size, inflated prices...etc) .