Quote from: OmegaStarScream on August 08, 2018, 06:44:08 AM

The problem using Bitcoin ATM's in my opinion:

1. The high fees
2. The need to wait (until the transaction get confirmations) and you receive an SMS to withdraw the money - Hopefully this gets solved with LN in the future.
3. Asking for passport (ATMs have cameras) after certain limit. Probably due to regulations but still...

Aside from that, they're really handy and the companies behind them (in my case Bitaccess) are very helpful and have a fast support. I had a transaction where things went wrong, I contacted them and they refunded me.

Interesting. Well when our country was blessed with the first ever ATM of BTC then suddenly week after that the owner of the ATM got arrested by police and all his assets including the tailor machine got ceased. Lolz. Thats the kind of country I live in and looks like things are not going to change ever. So unfortunately I was very close to using the machine but thank I did not used it as I would have been convict for the same. Lolz.

Quote

1. The high fees
2. The need to wait (until the transaction get confirmations) and you receive an SMS to withdraw the money - Hopefully this gets solved with LN in the future.
3. Asking for passport (ATMs have cameras) after certain limit. Probably due to regulations but still...

Looking at this scenario it seems to be time consuming and complicated process. It would be better to go for online wallet using.

Hui8

Posts

Merits