ATM

Mountain_Ad_4386

I use revolut when I am about to cash out from crypto casino, instant sell ans take out money from ATM. But fees are way to high. There are better places

Substantial_Shop_171

Those Lucky Miners run 25 watts, so you could run 32 of them for 800 watts, meaning they're over 32 times more efficient. But even then, those Lucky Miners aren't too efficient themselves at 25 J/Th, which is not currently profitable unless your electric rate is way below average. But even if free, 1Th/s will take a decade to pay off the $160 purchase price at today's mining rate (difficulty and BTC price). Better off buying a used S19 Jpro (around $400-500) and using an aftermarket OS to boost efficiency (I've gotten my J pros to around 21 J/Th with settings around 1800 watts and 80-90 Th/s depending on silicon lottery), but even then, they're not currently profitable unless your electric rate is very cheap (mine is only average, so my s19 gen miners are collecting dust ATM).

Neat-Currency-6966

If you keep your money on an exchange. A place where you buy Bitcoin. It's owned by them. You can create a wallet and move your money that no one can get to. It involves creating a secret 25 word phrase that you have. I suggest creating a new wallet every year and moving your crypto to keep it front of mind so you remember how you did it. Which I didn't do. There's a lot of cold wallets that you plug into your computer and just type in a six digit code (like an ATM) to view your savings instead of a six digit code. There's a lot of good resources but never share your seed phrase with anyone and only buy cold wallets from legitimate websites not Amazon or third party sites. If you do completely reset them and they should never have an included seed phrase. I have seen people get burned before. Never ask the internet advice just learn on your own. Your seed phrase is the key to everything don't ever share

Clean-Captain9933

Id research ALGO a bit more and see what you think , they seem to be pretty undervalued ATM....most on here will bash any project they are not actively invested in so take any recommendations with a grain of salt and DYOR.

disruptioncoin

The ATM doesn't, neither do most modern cash registers. Most stores would close if their power is out. So will the bank. I guess you could use your cash to pay your neighbor for some kind of good or service you need, if they have it and are willing to offer it for a reasonable price? But how much cash do you really keep around for these scenarios anyway?

tallguyclark

Can you just withdraw the money from an ATM and stash it? Or if you have a debit card, go to the 7/11 buy a drink and get 10$ cash back

AutoModerator

Post is by: Aldhyabi and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoCurrency/comments/1n1m60j/i_love_fiat/ I just love fiat paper. Nothing feels better than pulling paper from an ATM. So emotional. And crypto? Oh , Bitcoin is "the future" … except no one really uses it. But don’t worry, fiat isn’t going anywhere. It’s only going to be replaced by digital coins… or maybe real freedom money like crypto. Bitcoiners? They’re the most emotional of all. They think no other coin could ever take its place. Cute. But something will replace it. Which coin? Not sure. My guess? You know from my posts No miners, no drama. Businesses use it, and bag holders run nodes just to protect their money. As for me, I’ll run 10 heavy nodes if anyone even threatens it. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*

RemarkableAd210

So anyone can get a wallet to receive payments, however you're wanting to buy some Bitcoin. Being in the UK myself I've realised how difficult this is, and the only workaround I had for myself is if you have a pension with any amount in. Set up a SIPP (self investment pension) with AJ Bell. I did this then they applied for the pension money from my workplace one (which was only earning me 2 or 3% a year, which with inflation I was losing money on) I then put all my pension money into MicroStrategy 'MSTR' shares. Obviously you don't hold the Bitcoin yourself so there's some risk there, but without going to another country and using their Bitcoin ATM's you're kinda stuck. Because of our laws. Or getting someone to buy you Bitcoin, however this is breaking the law (as you need to have the correct licences to do so) which is ridiculous, I know.

One-Respond6191

Best decision you ever made in your financial life’s history, guaranteed!!!!!!! Don’t ever sell it, borrow on it. Join Nostr and the use of lightning pay rails, Earn and spend in sats, live in the first free world market ever to exist. Tax free trading. Coming to theater soon. it’s just adaption and accumulation stage ATM. You’re early to Bitcoin @ $111,423. 40mil a coin

sunfrost

You are right about this and the answer is, it’s complicated. Because MSTR raises funds through debt, preferred shares, and common share issuance (ATM). This creates a drag vs BTC itself. If MSTR stopped raising as much capital and BTC climbed on its own, then you’d see the MSTR price rise quicker than BTC itself. The dilemma there though is that if MSTR stopped buying BTC for a while it would probably result in BTC price dropping. So… it’s complicated.

Intelligent_Monk_264

Dude a few years ago this old lady in a valaro gas station was at the rockicoin atm and she had 50s and her deposit was at 4k and I asked her hey excuse me you know you can add the money on cash app and buy the bitcoin and send it out like that cause the fees are high at a ATM and she got startled and aggressively replied I know what im doing im sending to my husband.. Like husband where is he in India or what and then it hit me she's being scammed so I said m'am enjoy your day. She was rude as fucj and she didnt have to be all rude so I didnt even tell her that she was getting scammed I laughed all the way to my car id pay to see her reaction after she completed the transaction and realized she was scammed

vortexcortex21

Haha, it is literally the only reason why these BTC ATM exist. The fees and spreads are way too high for anyone seriously interested in BTC to use. The scammers don't care if they lose 10-20% on spread, but normal people certainly do.

half-coldhalf-hot

I’m surprised he didn’t mention the ATM saying “FEED ME A STRAY CAT”

Kiiaru

It's not that he owes money, it's just a commonly known scam that tricks vulnerable people into using those ATMs. The bank nor police can help you get your money back once you use one of those machines. If you really wanted to get into Bitcoin right now, a stack of 100s at a gas station ATM with a shitty conversion rate would definitely be the WORST way to do it.

Kaliberrrr

I just went to the ATM, deposited a few bucks i had laying in my old socks. Bought the dip with it

East-Caterpillar-895

I've had this mindset from the beginning. I don't go to an ATM. My money is already coming into Chase (ugh, I need a better un-banked option if anyone has got any ideas, I digress) I buy on Strike, don't spend it on anything unless I absolutely need to. I've become real utilitarian because of bitcoin. I'm all in, regardless if it "collapses" as the normies would say, because, in all honesty, I don't know if bitcoin will be the new standard (Blackrock is buying it so it's got to be something right?) but I *guarantee you* it is not the dollar. They're printing it as we speak

Holiday_Return_4112

Perfect sir im with you, Volatility is rewards !!! Is there anything else your invested in? ATM im 25% stocks 10% gold 5% crypto I started investing into crypto pretty late though i cant lie Oct 2024 but when bear comes along i shall be DCA'ing like a mother fucker. But thing is when you belive in a project you have to take emotion out the equation and stick to the plan!

MinuteEmu2821

I love this question and my answer is this: most people I know only use exchanges or P2P platforms that offer debit card withdrawals. You can transfer Bitcoin to an exchange, sell it, and then withdraw it to your bank account, which you can then withdraw using an ATM. Plus, cryptocurrencies are widely available, and here in the US, there are plenty of Bitcoin ATMs

CoffeeAlternative647

I remember this day so well 1 year ago. I woke up and saw that amazing red candle. I did my morning routine faster than usual to arrive early to the nearest bank ATM and dont get late to work. Grabbed a pile of dry powder I had save and dumped it on my bank's ATM. Transfered all of it to Strike and smashed that buy button without a flinch. I'd like to thank Germany for this day.

CavalrySavagery

Seem like ChatGPT didn’t get the timing right for the Bitcoin ATM

StraightOuttaC-137

I knew about btc because of that in 2012 or 2013. I remember telling my friends in 2014 "Guys first Bitcoin ATM in Amsterdam!". I'm still poor.

faiqR

Well, if you zoom out more (1Y) it is outperforming Bitcoin. But the flip flopping on their strategy in regards to ATM, killed it for me. I moved all my $MSTR to BTC. I am so done with treasury companies. If I ever want leveraged exposure, I'll just do it myself, instead of relying on a group of individuals that make questionable decisions.

noyesfuck000

I’m not sure you understand how crypto works. They can literally see on the blockchain that you send to an ETH address used by the ATM company, and can put two and two together

WiseChest8227

The ATM fees will be akin to paying taxes.

kaliki07

Never used a crypto ATM but my guess would be that they either charge high commissions or they give you a rubbish conversion rate so it costs you a lot that way.

prsutton123

According to Grok the first Bitcoin ATM was installed in NYC in August 2014. Also, I have heard of people in rare instances being treated with chemo for autoimmune diseases. The story may be legit.

TheBloodyPeasant

Bitcoin is more actual than cash. (Just sayin’) But, you will likely need to transfer the Bitcoin to an exchange such as Coinbase, go through their KYC (know your customer) process, connect that account to your bank, and then transfer the funds. This will take some days. Alternatively, you could send the Bitcoin directly from your wallet to someone else with a wallet whom you know and trust, who would rather have the Bitcoin and could pay you in cash. I think you may also be able to transfer your Bitcoin directly to a Bitcoin ATM if there is one in your area, and receive instant cash. It’s been quite a while since I thought about selling Bitcoin, so there might be an even easier option that I don’t know about.

ArcticSwimx

Bitcoin ATM when it was $200? I doubt that existed which sadly makes me believe your whole post is fake I don't know why tho..

muddyklux

Im in Tennessee, and we've had a bitcoin ATM close to a decade now. Im sure New York was further ahead of us

AlternativeWonder471

The part most related my comment: **2. If Stock Crashes, ATM Offerings Become Ineffective** MSTR uses ATM stock offerings to raise cash when needed, but this assumes: There are willing buyers of new shares. The share price remains high enough for dilution to be manageable. If MSTR stock drops below key levels, ATM dilution would be severe. At $300 per share, issuing $1B = ~3.3M shares. At $150 per share, issuing $1B = ~6.6M shares (double dilution). A falling stock price accelerates dilution, worsening sentiment and triggering more selling. **Example of ATM Failure Spiral** Stock drops to $150 → more shares issued → dilution fears rise → stock drops further → even more shares needed for the same cash. This could lead to a scenario where debt becomes unmanageable because equity issuance can’t offset liabilities fast enough. **3. Convertible Debt Holders Could Demand Buybacks at a Discount ** If MSTR bonds trade at distressed prices (e.g., 50-70% of face value), bondholders might sell at a discount, forcing MSTR to repurchase them or face refinancing risk. This could drain cash reserves and force BTC liquidations at bad times. **4. Bitcoins Price can lag behind urgent liabilities** Even if BTC never drops below -60%, it might stay at -40% or -50% for a long time, limiting their ability to refinance. The longer MSTR operates in a stress scenario, the harder it becomes to raise new debt at good terms. If bondholders expect trouble ahead, they may sell bonds at a steep discount, creating a **negative feedback loop.**

manatidederp

So a Deli of all things managed to install an ATM where you Inserted cash and got bitcoin in return? To a wallet you had set up? When it was still at USD 200.

prsutton123

They had Bitcoin ATM’s back then? I wondered how people bought Bitcoin in the early days.

disruptioncoin

Not sure about your laws but in the US you can often buy/sell smaller amounts without ID, or at least you used to be able to. Might depend on the state and the company that owns the ATM. The one I used to use in Hayward, California always had a line of hookers using it to buy Bitcoin for their back pages ads. Not because they wanted anonymity but because that was the only payment option at the time. Unfortunately it started requiring ID for smaller and smaller amounts, I imagine they kept getting subpoenaed and the feds/cops were getting pissed at the lack of useful information, and pressured them. Unfortunately the premium is usually pretty steep.

Top_Mind9514

BTC ATM…. But I think it’s in Poland 🇵🇱

VandenburgChills

Bitcoin ATM. Buy Bitcoin with cash, or cash out Bitcoin for local currency.

Frustrated_Bettor

BTC ATM - You can buy and sell Bitcoin.

Notoriousrb

Every IPO, PIPE, SPAC, ATM and Convertible Note Offering Company is an exit scam.

harvested

Probably joking, but for everyone else: MSTR doesn't buy weekends, it would defeat the purpose. Since the common stock ATM was paused at the earnings call, he doesn't have a lot of powder to buy, only what he can get from preferreds.

Some_Local_2433

Yeah, that’s normal with Kraken — the 7-day hold is their fraud prevention policy for new accounts and bank transfers. If you want instant access, you’ll need to use methods with instant settlement, like cash deposits at a Bitcoin ATM, peer-to-peer platforms like Paxful or Bisq, or exchanges that accept debit card purchases (though the fees can be higher). Another option is Coinbase or Gemini with a debit card — you’ll pay a premium in fees, but you can move the BTC right away. Just keep in mind that “instant” usually costs extra.

uncapchad

yeah normally you have a QR code of your wallet address for the ATM to scan so it can send your purchase to your address, not the other way around.

roknzj

I have some old bitcoin QR codes that I got from an ATM machine 5 years ago or so. Can someone point me to directions somewhere online on how I could access them to transfer into a coinbase account?

BuzzerWhirr

Bitcoin ATM?

YouDunnoMeIDunnoYou

My money laundry out of the bitcoin ATM machine you say?

harvested

Mods only just approved your post lol It's stable due to dilution, but they've given guidance no ATM under 2.5 mNAV

Mindless_Union_5397

I don't know the tax laws of Spain but generally speaking moving funds between wallet is no taxable event. It's like transfering money from one bank account to another or like withdrawing money from an ATM so you can carry it in your wallet. That's the advantage of Bitcoin. It's *your* money. No one can stop you from using it. There's no need for approval or frozen funds.

StackingSats1300

Q2 earnings call they outlined they wouldn't use the MSTR ATM unless the MNAV was above 2.5. It's not, they didn't, preferred aren't rated yet, small week. Patience, grasshopper.

iLov3musk

Look at the number of btc treasuries in 2025 if you clicked into the link you would see that more and more companies are buying bitcoin on their balance sheet. They dont just buy and hold bitcoin they acquire more bitcoin via offerings to short the dollar. Basically every share of MSTR you buy entitles you to significantly more BTC in the future, due to accretive financing and optimal deployment of fiat liabilities. Each equity, convert, or preferred issued via ATM is a catapult, launching MSTR toward 700,000+ BTC because when your treasury asset outperforms your equity cost of capital, you don’t stop issuing, you accelerate. This isn’t dilution. It’s temporal arbitrage.

ZedZeroth

I became a millionaire every time I used an ATM in Vietnam. Being a USD billionaire may not mean much if USD is worth nothing. That said, even if bitcoin is much more valuable in the future, that doesn't mean that everyone will have a significant amount of it.

F0rtysxity

The lack of KYC is the entire justification for the high ATM fees.

Suspicious-Holiday42

Pointless. People who really want to do fraud will just drive to another state for the BTC ATM

Ltsmba

If I was a bitcoin ATM owner that had machines in WI, i'd be pulling every single machine out as soon as possible with this news personally. Bitcoin ATMs are already a tough enough sell with the extremely high fee you pay, but this on top of it? No way

Portalturrets1

I used a bitcoin ATM to buy some

DreamingTooLong

Fidelity has a 2.2% APY, 24/7 customer support, FDIC insurance, and they refund the fees at every ATM no matter how much the owner of the machine charges.

Rough-Rub-4692

And if I want to sell and withdraw cash what should I do ? Are there banks and ATM machines disposing cash ?

harvested

No common stock ATM under 2. 5 mNAV so it might not be a big one

DexM23

it wasnt even right yet ATM was a month ago and the prediction-window just opend yesterday and now has room till 4th october to get right

Jazzlike_Ad7560

I had $15 left over from a transaction in 2018. I’ve tried logging in with my seed phrase or word list (whatever is that you call it? I kept it all.) I scan the QR code put in the words in order. It says an account doesn’t exist. I think that’s what it says. It’s been a while since I checked I’ve Pelcoin (I did this transaction at a machine like an ATM machine) and they tell me I don’t have any money any money in there.

reggie_crypto

Easy, buy IBIT and sell OTM covered calls weekly, you will earn more than 12%. If they get called away sell ATM puts 

CleazyCatalystAD

Right. Hell, I can even grab cash from an ATM using my BTC at any point too. You too, and you have some good advice because fiat emergencies always come up. I just keep some cash, and even a little physical gold on hand, just in case :). Peace!

pop-1988

My wallet current Bitcoin balance says 76,042. Assuming this means Satoshis, you have 0.00076042. The current CAD price of BTC is 160540.93 The arithmetic is simple. The CAD value of your BTC is the BTC amount multiplied by the CAD price > wondering if the amount I have is worth 88 USD or if I actually have 88 CAD in Bitcoin Your wallet tells you which fiat currency it's displaying. Which wallet is it? > I got charged a 24 dollars service fee on 150 dollars Canadian? There's a hidden fee built into the price the ATM operator charges you. It's not really hidden. It's probably displayed on the ATM screen, and you didn't take the time to compare it with the current market price. ATM operators typically charge between 8% and 20%. You seem to have paid 16% plus $5 In future, check the ATM's price before buying. Compare it to a reliable market price quoting site

NeoG_

ATMs have a huge spread. While you were looking at the market price online the ATM network has a completely different bitcoin price.

Kind-Marionberry-333

Correct, but you can't see much inside of CEXs like coin base. You will see the price action extrapolate out. If someone is selling and not enough buyers show up, the price will start to dip, but if we crab walk or rise while being sold it means demand is meeting supply or exceeding it and you'll see it tick up. This slows down the rate of growth ATM, but makes the market healthier because this dude is selling to a lot of people, not one mega whale. And all those people won't ever be able to sell all 17.4B all at once like he can. So we gain stability, more long term holders stuck at 116kish who won't sell until they see profits. For people like us who are in at lower levels and plan to hold long term this is ideal and smooths the market out for more sustainable growth. The caveat to this is if there's not enough demand at all. That's when the price starts dropping just to find who would be willing to buy it at whatever price... That's where you see panic dumps 😂

GerManic69

Until you realize exchanges are centralized entities built to extract value, and you are their ATM... Theres quite a few observational people who have noticed exchanges are either front running recurring purchases or straight up scamming users with 10x spreads.

zajmanf2p

Tell her what? That BTC gonna help her? So why is it not helping ATM? Does she need to buy BTC in order to go back to old prices? Will she be able to pay for those groceries using BTC? Right now you are the "whose gonna tell him".

ElPeroTonteria

You’re not wrong… we’re here bc we know about it and want to be involved. There’s no hype sweeping us in ATM. Also. It’s hard out there. A lot harder than 2020/2021… and if those unemployment numbers are legit (which we all know, they are…DOGE for example cut how many jobs?). Well that says to me that people don’t so much care about crypto right now… it’s the perfect times to be buying BTC IMO

Ilovekittens345

> How would you actually pull off cleaning and using that money? Use tails (a linux distro where everything runs over TOR) to spread whatever crypto he hid over multiple addresses, slowly use dexes like torchain to buy other crypto with it, eventually converting everything to monero, then go in the other direction and eventually end up with various usefull crypto, BTC, ETH, some ltc, some bch, some stabecoins. If he things BTC is gonna crash again maybe he wants to keep more in stablecoins like a mix of DAI, USDT and USDC. If he broke all his traces by going in and out of monero would be hard for the USDC/USDT admins to freeze his addresses. Anyway, once his monero mixing/washing is done he will have a wide range of crypto portfolio. Once in a while when he needs money he can use a crypto ATM to get cash for his crypto. He will never be able to route anything over his own bank account or those of friends/family, that's how they will get him again. But they also won't spy on him, maybe the occasional check. His best bet is doing that and then just go travel around the world with a laptop, spending a bit here and there. If he travels enough maybe he can eventually get his hands on some fake passports and stuff and try to start a new life under a new identity. Very possible when you have over 10 million dollars worth of crypto. You just got to be carefull. As to where to story the crypto, a trezor with plausible deniability. Which means when you type in passphrase 1, just a 1000 dollars worth of crypto shows up. But passphrase 2, a million dollars show up and passphrase 3, everything else. He would need a second trezor for a back up that he is not travelling with. Safety deposit box with the bank, maybe 2. All three trezors can intially be set up the same way. Even if somebody gets their hands on it, no access without the passphrase. And when under pressure he could just give up only the one with 1000 dollars or 1 million on it. He can't save the seeds anywhere. So if all those 3 trezors break he will lose it all. If you are patient and use your brain, even if you are known by law enforcement, pretty nice life you can lead with 30 million dollars worth of hidden crypto. If he does not want to travel there are other options. He can get an normal job, save up some money. Start a new account with a crypto exchange and start doing some trading. Flow some USDC in to a dex from there. Buy a low liquidy shitcoin. Now comes the trick, use the hidden 30 million dollars to pump this low liquidity shitcoin. Then on the other account quickly sell for profit. Report that profit when doing taxes. pay taxes on it. Now he has clean income every year, profit from trading. But secrely the money is coming from his hidden 30 million dollar worth of crypto that he is just using to pump low liquidity shitcoins with. He could use AI to make a shit movie about his life and then sell movie NFT's or whatever bullshit. Then use his secret stash to buy his own nft's with. There are millions of ways to pretend to make clean money in crypto. And it will be very hard for law enforcement to pin any of these pumps on him, as long as he uses monero in and out to break all the links first. If he uses the same addresses that the hacked crypto went into, they will catch him again very fast :-)

analyticnomad1

They're not non KYC up to $1000 although the "KYC" is minimal and consists of only a phone number, which is usually registered to the person using it. Sneaky sneaky. Source: Former Bitcoin ATM operator.

mkuraja

I saw an ATM yesterday in a liquor store; they're charging 22% fee per transaction.

Unixhackerdotnet

Definitely not my kinda ATM…

Orly5757

“Quantum Computers are going to crack Bitcoin.” “Whats your ATM pin?” “4304” “My bitcoin pin is 00000001101110110101111000001010110110001101101100110000111101000101100100001110101010100101111000000010100101110001001100001100100111100010100111000110101011100001100110011011001111000000011110011000011111000011011001100110000111111000101100101100011110011000011111110110001010100111100010100000111010101101010010101001101010010101000100010010100100100100010101010101010100000111111010101010010001010101111101010100101010101001010101”

Charming-Designer944

"Bitcoin ATMs" have hard competiton from the exchanges, and most have shut down globally. They are stuck between Bitcoin being "messy" and KYC/AML regulations requiring the ATM operators to keep a close tab on their customers, making the experience a mess.

jessewalker2

Hostile rouge agents? What’s next bad mascara actors? Anyway, enough jokes. What’s to stop a North Korea (or more likely Russia) from being a bad actor? An individual group seems unlikely, but state sponsors of economic terrorism seems possible. Of course this is from a guy who can barely understand how to work an ATM so I might be way off.

WantonScoop

Just plugged it into Bitref! This receipt was probably my very first purchase at an ATM. It looks like a $20 purchase and is valued at $259.15 currently. This wasn’t the $200 receipt! But I’m very grateful for your help! Thank you and the subreddit community very much!

SkepticalEmpiricist

You should be good then! It's possible that the ATM operators stole the cons later, they have the private key after all. But, if they were honest, then you can feel a little optimistic

International-Pen291

Well defenetly don't use a Bitcoin ATM lol

Stanford1621

the easiest way is for the gast station owner to install a crypto currency KIOSK, I have been seeing them pop up more and more in gas stations, youo can buy sell crypto currency on the ATM.

Relevant-Judgment-65

Algorand ATM

magus-21

>And that describes bitcoin today No it doesn't. >This is incorrect. The equivalent is a physical cash transaction. You saying so doesn't make it so. >It is true. It's an asset. Being an asset doesn't make it money. >There are plenty. >Sending money outside of banking hours is 1 niche. You can't send money outside of banking hours with Bitcoin because you still need to exchange Bitcoin for money, which requires banks. >While it does take time, so does any cash transaction where the recipient is not physically next to you. >Try sending cash to someone who is 2 hours away. Bitcoin would be faster. Zelle is faster, and usually immediately withdrawable from an ATM. Including after banking hours. >This is not true. Those processing networks are centralized and controlled by entities. Bitcoin is not. (and neither is a physical cash transaction) So? You are ignoring literally every other characteristic that Bitcoin shares with digital transactions and holding up "decentralization" and "finality" on pedestals as THE distinguishing characteristics that make it equivalent to cash. That's called cherrypicking. Never mind the fact that exchanging Bitcoin for money still requires those same centralized entities. At the end of the day, a complete Bitcoin transaction has far more in common with debit and credit card transactions than with cash transactions. >Why do I (and you) care what anonymous posters online say? I can find crazy anonymous posters from ANY position saying crazy stupid shit. Link #1 is to a book titled "The Bitcoin Standard" Link #2 is to an interview with the Coinbase CEO Link #3 is to an article speculating about the adoption of a Bitcoin standard NONE of these are "crazy anonymous posters," at least by r/CryptoCurrency standards. >Financial reserve assets does not equal what the gold standard was. Gold as a financial reserve asset was a prerequisite to the gold standard, and cryptobros want a Bitcoin standard.

Ok-Hovercraft-311

Is it reputable ? Fees don’t seem exorbitant. Less than at btc ATM id imagine.

Severe-Masterpiece61

Exactly, I went on pretending to buy some with that one, and first thing it asked was a phone number. I would very well consider paying 12.6% fee for an ATM that asks for a public address, takes the cash and sends the bitcoins to that address without more questions. I never found one.

dou8le8u88le

Mstr sell shares ‘at market value’ and reinvest that into btc. They have a number of offerings that can sell shares (strk strf etc) ATM to bolster Mstr btc holdings. With this model selling shares doesn’t dilute share value as the money raised is used to buy btc, raising the share value. And of course as btc price goes up, so does share value. Hence it being called the infinite money glitch. I won’t be holding it through the bear market though. Too risky imo

Severe-Masterpiece61

I wear a shirt with no brand, I use a second hand cellphone that I paid 150$ and I sold my car 5 years ago never to buy one again. But that's kind of besides the point. The point is that bitcoin ATM are stealing and I nicely advise people to get their bitcoin in another way.

Decent_Taro_2358

Well sure, the ATM acts as a computer to give you physical bank notes. Since there is no need for physical bank notes with Bitcoin as everything is digital, why do you need an ATM to begin with?

SendMe143

What you’re saying is actually the opposite of what I think most people would want. Don’t try to deceive people with a huge spread, but rather charge a fee in a transparent way. Nobody is going to buy with a 12% spread, then check their balance the next day and feel good about it. They are going to feel ripped off. If someone bought and paid a clear fee, then they are going to have the chance to decide if the fee is worth it or not. People are used to paying fees at an ATM already - they get it.

namelessdrifter

Additionally, there are many other non-KYC exchanges that give you far more control and features then an ATM can

Severe-Masterpiece61

Not for free, for 1 or 2% above market value. With 20%+ fee, that's straight out stealing. ATM might probably steal more money away from people than scammers

analyticnomad1

Former Bitcoin ATM owner here. People see a Bitcoin ATM and they think "I should have Bitcoin for free" but they have absolutely no idea how much money it takes to deploy just one ATM and how many people have their hand out that need to get paid before you even make any money and GOD forbid the price dips and you're selling at a loss. If anything, its crazy that anyone even want to run these things anymore.

disruptioncoin

How little is in your bank account that you can drain it from an ATM? Most ATM's have a pretty low withdrawal limit.... Bitcoin has no withdrawal limit.

Wise-Morning9669

I saw a Bitcoin ATM at my local Royal farms. Makes it seem pretty real to me. 🤷‍♂️

LeonardoDaOG

I copied and pasted from ToC: “Eligible Purchases Any Purchase on your Coinbase One Card (as defined by the Coinbase One Card Agreement) that is not excluded below is an "Eligible Purchase." The following are the ineligible purchase types: • Cash or cash equivalent transactions, including withdrawing funds from an ATM or through a financial institution, or purchasing or funding money or wire transactions, traveler's checks, cashier's checks, money orders, foreign cash transactions, peer-to-peer transactions, gift cards, and prepaid or stored value cards; • Cash Advance transactions, as defined by the Coinbase One Card Agreement; • Gambling transactions, including, but not limited to, purchasing lottery tickets, gaming chips (physical or digital), placing racetrack wagers, or engaging in any other gambling-related transactions; • Pawn shop transactions; • Debt collection payments; • Financial services transactions, including the purchasing of stocks, bonds, and options; • Any transaction prohibited by the terms of your Coinbase One Card Agreement; and • Any transaction we believe or determine is an attempt to engage in manufactured spend or fraud or abuse in connection with the Rewards Program.”

Elum224

That sounds like a receipt. That's probably not a bitcoin wallet. The ATM's worked by scanning a QR code on your phone to get an address, then t would send the funds to that address. It would not display a private key on the screen.

coinfeeds-bot

tldr; Streamer Kitboga has wasted nearly 4,000 hours of scammers' time using a fake Bitcoin ATM scheme. The setup involves a Photoshopped Bitcoin ATM receipt leading scammers into an endless maze of tasks and automated menus. This tactic not only disrupts scammers but also gathers actionable intelligence, such as wallet addresses, which Kitboga shares with law enforcement and partners like Kraken. Initially inspired by protecting vulnerable individuals, Kitboga has turned scambaiting into a full-time career with millions of followers on Twitch and YouTube. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

SherbetFluffy1867

If you are talking about letting a Bitcoin ATM generate a wallet for you or using a paper wallet, I would say you need to stop immediately and educate yourself a bit more before investing any money. Resources: https://learnmeabitcoin.com/ https://youtube.com/@svrnmoney If you are going to be using a mobile hot wallet, the other commenter gave some solid suggestions. Bluewallet and Nunchuk are great. I'd throw Blockstream on there too (previously called "Green"). For desktop, Sparrow is the gold standard but Nunchuk and Blockstream have desktop versions of their wallet software also. Ultimately you should already understand noncustodial Bitcoin ownership and have your own hardware signing device and be comfortable with the wallet software you use it with. Jade (classic or plus), Tapsigner and ColdCard are good choices to use with the previously mentioned wallet software. If you are going to purchase Bitcoin from an ATM you need to arrive with a receive address that you generated and you control. Also agree with the other commenter about using Bitcoin ATMs. Fees are killer and they often still require KYC. If you are trying to go non-KYC you are better off on a peer to peer marketplace!

oneothergamer

BTC ATM. It’s pricy

respectandmanners

There are three ways to get BTC these days. 1) Mine your own. 2) BTC ATM and pay out the nose. 3) An exchange. Well, a fourth is BTC faucets and games, but you get very little for a lot of effort. So really, unless you mine and win a block, you have to go through a bank and exchange to get into the eco-system

bloodd1

Bitcoin ATM

brandonholm

Probably the easiest option is to download a bitcoin wallet, find a bitcoin ATM and stick cash in it. It will have horrible fees, but pretty much the only way to buy it without validating ID. Also ignore XRP, you’ll only get rekt with that.

Altruistic-Buy8779

The exchanges won't accept you. But you can still use a Bitcoin ATM to buy with cash and a DEX to trade altcoins.

user_name_checks_out

> Bitcoin ATM but u gotta pay them aswell "As well" is two words. Thank you for your attention to this matter.

Nagemasu

> People have been robbed and harmed for what they have posted on FB which has been worth a lot less than what he has posted. Yeah, and people get robbed and harmed for even less when it's got nothing to do with crypto. This is a stupid ass fallacy where you are simply paying attention to something more because it's unique. People are kidnapped and ransomed all the time, people are held up at ATM's, have their homes broken into and possessions/money stolen. Crypto has nothing to do with it, it's just people targeting people, and you're taking notice of any related to crypto because you're more exposed to news sources that report it.