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Quote from: excro on October 19, 2021, 12:35:08 AM

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...

Compared to other ATM providers, 10% is the average fee for 100$. The fee covers the transaction network fee and the provider charge.
There is a rate difference between fees to buy and fees to sell.
Personally, i give interest to the ATM technology as a safe way to anonymously buy/sell bitcoin, not just as good investment.

That's the price of availing this service. If you are fine with their fees because of the convenience that it brings, then good for you. Because if the service is readily available in your area, usually persons tend to use it, even if we say the fees are quite expensive. Don't know if the fees in btc ATMs is dynamic with the network congestion. Is it fix or the transaction fee changes? Never had any experience with bitcoin ATM because it is far from where I am residing at. But one day, I want to find out how btc ATM works in my country and how much they are charging.