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.
Regards, excro
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.
Regards, excro
I have been trying to look in to using a bitcoin ATM the past couple weeks and have found it to be a pretty big pain in the ass. Sure if you are just dealing with a small amount of money than it's probably pretty easy and straight forward, but if larger amounts are in play then its not so easy. The ATM I had been trying to use only allows for $1,000 total before a full KYC form has to be filled out. There are limits on how much you can take out at one time etc. Maybe some ATMs are better than others in this regard though?