Post
Topic
Board Bitcoin Discussion
Re: My first time using a Bitcoin ATM
by
uneng
on 24/10/2021, 11:37:48 UTC
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!
5% fee is too expensive. In my opinion it doesn't worth to use ATMs because besides the transactions costs involved in a normal bitcoin transaction you also have to pay an extra to maintain the machine's costs and generate some profit for its owner. Possibly that is why the fee is so expensive. It's an interesting idea to be an ATM owner though...