ATM

daZK47

I have been using their virtual card and just ordered delivery for a physical card (for $5 USDT) and expect it to arrive within 30 days. My country also doesn't allow for the card to be linked with Apple Pay but I'm going to use it as an alternative payment source outside of my country's physical/virtual banks and to hedge between the fluctuations of the currencies between my country's fiat and USDT. ATM withdrawals seem to have acceptable fees and conversion rates so that's also a benefit I'm looking to use.

juniz

Ready (www.ready.co) would be a good fit. No Fx fees, 3% cashback on their Metal offer, up to 800$/month free ATM withdrawal.

Sin-City-Sinner

It’s happening in the US as well. Google it, there are some really unfair and unreal new rules dealing with financials and banks on the table now. I thought it might be fake news and then my cousin, a retired DDS in his 70s got a notice from his bank that his ATM daily limits are now $200 max. It hurts my brain to even think about this crap.. again, unreal!!

J0hnnyBlazer

ATM:ed almost exclusively MSTR shares, that fukkin lunatic

coingun

Nothing like leaving the ATM after 2hours and it’s only 4 confirms in… 😝

SatoshiShe

Take your cash to a Bitcoin ATM machine and do that

RefillCeltics

Don’t route money through friends/apps to “get around” it that’s how people get accounts frozen or scammed. The legit options are boring on purpose: **ACH**, a new account with a virtual card, or (last resort) a **crypto ATM** with heavy fees.

bbatardo

Yeah I don't see why anyone would buy BMNR shares. If you look at MSTR you can see in the future with where BMNR shares will be.. Those shares are the ATM's for the company to make them worth more, not shareholders lol.

BingoWT

Ideally, BTC in a self-custody wallet can directly be swapped to the local currency and local currency be withdrawn straight from the ATM. I would like to see that happen because then, I would treat BTC not just as an investment vehicle, but rather the digital currency it truly is.

prashanth_c

It was an ATM in Valladolid near the park - there were several ATM machines. I don't remember which building : (

Moon-Hodler174

That’s actually pretty cool. Stuff like this is where Bitcoin finally feels “real” instead of just charts and Twitter debates. Which ATM/wallet were you using? I’m curious how consistent the experience is.

Aware-Association857

Don't try to pivot. I said buying Monero from an exchange is just as anonymous as removing cash from an ATM. You said no, that's not anonymous. Then you said in order to be anonymous I should start by removing cash from an ATM.

Aware-Association857

First you say, "the bank knows you have the money, that’s not anonymous". Then you "sigh" and say to start by removing "cash from the ATM". According to you, that's not anonymous.

harvested

I think a lot of eyes will be on STRC this week. Estimates peg the amount sold at enough to buy 2,500 bitcoin. That's a big purchase without tapping the common stock ATM. Let's see how the actual numbers look on Monday. That just becomes a black hole for money that wants 11% fixed return, sucking up all bitcoin in it's path. Not great for bitcoin, but good for NGU I guess.

Either_Junket6500

It's okay. I was just explaining limiting the things I use and my reasoning. I want to trade as little as possible, and not have to pay attention to loads of charts. I do better when I trade less and I sleep better when I can trust my setups and not feel the need to check charts all the time It's slow. I'm in a BTC short position, but it's basically the same price it was last night. My target is somewhere between $92000 and the 50 day moving average. It's looking like it could reverse ATM though. If it's looking bullish in the morning I'll probably close it. I made a tiny amount on Dow Jones though. Wbu?

Aware-Association857

They know I *had* the money, but the trail ends there. That's about as anonymous as anonymity gets. Perhaps if I never had a bank account to begin with and stored cash under my mattress that would be more "anonymous"? But even then, my boss knows how much I'm being paid and could thus determine how much I'm capable of spending... so I'm not really any more anonymous than if I just pull cash out of an ATM. By your definition nothing can be anonymous because it would be impossible to obtain the means to acquire it without violating said anonymity.

Aware-Association857

It's still anonymous. When you withdraw cash from an ATM, the bank knows you took the money out, but how you spend it later is anonymous.

Seattleman1955

Since you're talking about "thinking" and lecturing your dad...maybe you should "think" a little more?:) If a bank is providing some useful service (?), they can't do it for free. It costs money to build branches, offer checking, safety deposit boxes, ATM's and all the rest. That's why they pay little to nothing for money in their regular checking and even "savings" accounts. I haven't used or have a bank savings account in 50 years. Currently, if necessary, I could simply not use my local bank at all. I do need access to the banking system and there is a bank associated with my brokerage account but my brokerage account pays (currently) 3..5% money market rates. I have money in my local bank checking account, earning no interest, because it's convenient for my monthly expenses. The account associated with my brokerage account does offer check, debt card and a Visa and pays 3.5% money market rates, so I could eliminate my local bank altogether, without involving stable coins. I do have a good amount of Bitcoin (and stocks, money market, real estate) and likely your dad does too (?). If he has $100k in a bank savings account earning almost nothing then that's not because he doesn't understand stable coins (even if he doesn't understand stable coins). He just isn't financial "aware".

CryptoCenterDot

Hi the best way to turn physical cash into Bitcoin quickly is using a Bitcoin ATM or a P2P exchange like Noones or Paxful that supports cash-in-person deposits.. ​Once you have the BTC in your own wallet, just scan your client’s address and send it directly though be cautious, as Bitcoin transactions are irreversible..👌🏻

Sea-Environment-5938

This is exactly why trust is the real scarce asset in crypto. It's not just that a rug happened it's that public figures repeatedly treat on-chain markets like a personal ATM. Every incident like this raises the cost of legitimacy for everyone actually building.

ZestycloseWill5287

I haven’t touched an ATM in months, so saving 30$ every couple grand spent is an easy call

purritolover69

bitcoin ATM’s require KYC now, gov doesn’t want them used for money laundering. some it’s just a phone number but others want your full government id.

kalkisrevenge

You could get that from a bitcoin ATM

LongjumpingIN

The perpetual preferred shares are a genius way to facilitate more BTC purchases and over time will fund more of the new BTC purchases than ATM issuance. That's why I've been buying MSTR heavily over the past two months. I don't believe the broader market knows how to discount this because MSTR and Saylor are the first to do it.

Elegant_Hyena2925

$COCK on ADA got momentum going ATM

satoshinotnakamoto

85k€ (99k$) ATM !

DennisC1986

Does that include scammers/bitcoin ATM companies?

CryptoCenterDot

Don't worry, you're going to be okay! Most Bitcoin ATM transfers take between 30 to 60 minutes to appear because they require multiple confirmations on the blockchain. Since you have the receipt, you can track the progress by entering your transaction ID into a blockchain explorer. Just hang tight ,it's normal for it to take a little while for your first time

RED-WEAPON

BTC is frequently associated with scams, illegal activities, desperation, and degenerate gambling and pump / dump celebrity schemes. For an asset all about security, it is commonly abused: this "ATM" could be one of those scams to skim / steal data.

__Ken_Adams__

>Did you make a profit operating them? For a while, yes. Being early was the key. There were good profits for the first several years, but eventually the market became saturated and the large operators were deploying new machines at a ridiculous pace. It was like they were solely focused on expanding without doing any research on whether the customer base was also growing and able to sustain it (it wasn't). They were cannabalising their own business as well as suffocating the smaller operators like myself, but I also think this may have been intentional. It's the Amazon model. Operate at a loss until you've driven out all the small players. >Would you recommend someone purchase the Bitcoin ATM machine? Not today. The only way to be profitable with these now is at scale (20+ machines), and maybe not even then. Most people don't realize how much overhead there is. >What was the biggest headache to owning/operating? The biggest headache *BY FAR* was compliance. That fits into what I was saying about overhead, but also time & headache. We are considered money services businesses (MSBs) & the requirements for staying compliant & in favor with daddy government are extensive & expensive. >You say that you owned them in the past so guessing it wasn’t a great business. It was for a while (2016-2020), but the insane regulatory pressure sucked the fun out of it, as well as a saturated market that nuked profits.

Dramatic_Cow_2656

Ok. I feel it little bro. Now imagine you went to a bitcoin ATM today and it quoted you 101k. Like you know the price is around 91k so you will definitely check real quick

BeginningMost6014

Interesting. However, prob is worth noting, that as a result of your job and therefore experience, it is titled towards people being scammed, bc why else would you ever interact with anyone that has any form of interaction with a BTC ATM. Also, my comment was more towards money laundering.

willmgarvey

I asked someone using one if they had used one before and they said, “Yeah it’s just like an ATM”. That was scary 😨.

stealthwaverider

Did you make a profit operating them? Would you recommend so one purchase the Bitcoin ATM machine? What was the biggest headache to owning/operating? You say that you owned them in the past so guessing it wasn’t a great business.

mreJ

Pretty sure I know people who work for that ATM company. These machines were like 5-10 years too late. We needed them back before 2013 or at the latest 2015. Now, you just buy it from your phone easy peasy. Localbitcoins got pushed out and you don't have to deposit cash to a random stranger's Bank of America account, and he send you mined BTC to your wallet address. Gone are the days of pre-2013.

PeperoParty

Wait, I can get Bitcoin at that ATM? - CBS News https://www.cbsnews.com/news/wait-i-can-get-bitcoin-at-that-atm/#:~:text=%22We%20do%20have%20some%20set,Coinsource%20charges%20about%208%20percent.

FatMacchio

I wouldn’t be surprised if they were owned and run by the same network of scammers sending old people to them. Make the spread so unattractive that there is little chance that the ATM will be used organically…then the cash hopper will be empty and can accept large amounts of cash

VeryInterestingOk100

The convenience and anonymity of using a mall BTC ATM lmaoo some of you will find any way to bend over then lie to yourselves

Zentrosis

Where does the Bitcoin go? If you're sophisticated enough to have your own wallet to send the Bitcoin... Certainly you wouldn't use one of these right? So if you put in 20 bucks and get your Bitcoin... Where exactly does it go? Does it just put it in some wallet that you can only access through the ATM?

NiagaraBTC

That company is paying a few hundred bucks per month for the ATM to be there so I'm sure people use it.

Artemis647

This is how I got my first bitty's at $250 in my city's first ATM. Wild days!

Horror_Conflict_1825

In 2017 I used one. KYCd me to start. I bought $100 worth of bitcoin. I actually got $70 worth or so. Within a week I was in the green on that purchase but the spread made me never use another btc ATM again.

Optimal_Jump_8395

Aren't BTC ATMs for old people? What's the difference in cost between a Bitcoin ATM and a CEX like Coinbase or the CashApp?

revelm

wear a mask, park up the street from a bitcoin ATM, pay the high fees (10%), use a burner phone or... mine it yourself but use your own node and tor-only

Interesting_Goats

ATM + burner phone

Trash_Talk_

Bitcoin ATM.

el_rico_pavo_real

That’s just not how this works. As a shareholder you’d do well to better understand the dynamics of what their North Star is, as well as the math behind trading volume vs. ATM.

redblddrp

just create the wallet, write down the seed safely, send the litecoin from the ATM to that address, then send to the seller when ready. and if later you start moving between chains or want to swap assets directly from your wallet with minimal fuss, tools like rubic make cross‑chain swaps easy without creating an account on a big exchange. but for now, something simple like electrum‑ltc or exodus will keep it cheap and under your control

Wendals87

>70 USD of litecoin from a bitcoin atm Do they have litecoin?  >just want it to be low fees  don't use an ATM. you'll be charged a lot more or get a lot less for your money.  Buy from an exchange and transfer 

CarobBrave8898

Dude that's such a simple question for me. I found out and researched (a bit) about Bitcoin in 2013. That's when it surged and I thought "too late". I kept keeping tracks but it was always "too expensive" for me. Covid comes and it goes from 16k to about 4k. I say, now is my time. Had to navigate through KYC, stupid local bank restrictions and ended up losing about 10 dollars in rejected transactions. I decide to go to a btc ATM and buy it. By then btc was up a bit and with the added cost of the ATM it was about 6k. Old mindset takes over and I say "nahh, 6k is too expensive for me". Ended up buying this year with my DCA now being over 88k. Lesson? Yes . Learned? Time will tell

Interesting_Goats

ATM + burner phone + acceptance of large transaction fees

respectandmanners

Bitcoin ATM

ankokudaishogun

> I still think x% rewards via credit cards would outweigh this argument for most people. Again your bias is showing :) We don't really have them, especially because BY LARGE here we use Debit Cards, not Credit Cards. They never took off because the high base-cose for buyers: people had no reason whatsoever to pay a (perceived)substantial fee for *POTENTIALLY* get it back *IF* you spend enough. Do note being in debt(and using a credit card is getting yourself in debt) is vastly seen as a Not-Good thing. Generally speaking, credit cards in Europe always been a thing for rich people and larger businesses. Even *DEBIT* cards weren't really a thing until Internet made paying with them a necessity. And even *then* it was Pre-paid Debit Card first because people were(rightfully) wary of scams(the Italian Post Office made *mad money* by offering their own, unlinked to any bank account) By the time Credit Cards Cashbacks could have been a thing in EU, the sector was already regulated tightly to keep banks and merchants from being assholes so there is now *no margin* for them to offer all the cashback services they offer in US... and nobody cares because cards are perceived as a abstraction tool for paying with your money so less costs are involved better is for everybody. Therefore as long as the Consumer has no *hassle* in using D€ instead of another circuit, there is no reson for them to not use it. Actually, there is another reason, possibly the biggest, from the consumer side: ZERO COST WITHDRAWAL from *any* ATM in the whole Eurozone. Because withdrawing from ATMs not from your bank can have a variable cost *ESPECIALLY* outside your country(as you'll be forced to use the visa\mastercard circuit). Sure, it's usually a relatively small cost when it's applied(at least inside the same country) but not having to worry about it anymore at the one-time "cost" of setting up the D€ account? YOU BETCHA tons of people will do it.

Grunchie

Thats a bitcoin ATM. How does it buy weed?

phil1rio

In fairness to ETF’ers, it’s a good stepping stone for people who know it’s important to obtain but do not know how or are scared of being scammed trying to obtain actual BTC to self-custody. I hear on the news at least once a month about a story where someone was scammed out of 1000s through a Bitcoin ATM via social engineering to put cash in, send to a wallet address in exchange for bond for a family member in police custody, etc. I own both , but I like the familiarly of ETFS for those who literally can’t figure out BTC in its raw form.

dweeegs

But they've got $2B+ in cash on hand The company will be fine but the shareholders of MSTR will always get the short end of the stick. Gotta tap that ATM

TvAGhost

They have 750 million dollars in warrants on the common stock still to be unlocked. 500 million possible ATM on sata and the preferred are available as well. A merger being voted on in 2 weeks also that adds another billion dollars of bitcoin with the semler acquisition. Semler sells medical supplies. Currently with a years worth of payments for the preferred, and 50 years worth of payments if they had to ever liquidate their bitcoin which is highly unlikely if bitcoin goes to zero we honestly will have bigger problems in the world to worry about like famine or war.

DryMyBottom

do people still use btc ATM? did they ever?

ga1axy___xx

yes I know that it's an online currency it's crypto but i thought there were like bitcoin ATM machines to load it onto an account

mtnmahogany

If you do business with Coinbase, they can issue you a debit card which you can use for purchases or at ATM's.  Each transaction with the card triggers an automatic exchange of BTC to USD.

djscoox

The key is to avoid touching fiat. It may take time, but the moment people start accepting Monero (or other privacy coin) as payment, the problem goes away. The problem ATM is people think of crypto as an investment, not as a payment method.

inspiredbyhands

Bitcoin ATM machines but you’ll pay a huge fee, you can usually buy a small amount with cash and no KYC

Miserable_Concept409

Come to Switzerland and go to the BTC ATM.

str8shillinit

IBIT is barely holding $50, and the QQQ is near ATM ... IBIT top was at $70 2 months ago...they're selling!!!

AppearanceNo8602

I got the discount so it was $30 for the year. Can only trade $500/mo. But Coinbase rip off by changing the sell/buy price. This makes insane same with CashApp. Crypto has become an expensive ATM machine. Im trading at very low volumes so I recognize every dime they nip off the tip.

6M66

I don't know how Mstr could go up decent amount when Saylor keeps doing ATM.

gerrfalcon

Well I buy in different ways because they are not very strict where I live, so sometimes Binance, sometimes P2P, and in the past other ways when there weren’t that many options, but if I lived somewhere where they wanted to tax me for having BTC, I would explore options to hide it. I mean, there’s nothing really associating a wallet address to an individual’s ID, so can’t someone not get cash out the ATM and look for someone selling (P2P), they transfer the BTC to your address and you give them the cash? How would the government find out you own BTC? Especially if you’re holding long-term. That’s why I was curious. Fortunately I don’t have to do all of that here but it’s crazy for me to think people are freely telling their government how much BTC they own, when from my perspective, the idea of BTC is to take the power back, gain autonomy over your money, and because governments are not to be trusted, especially here where governments are so corrupt. For example, there’s an issue here where a public bank (owned by the state) leaks client data to scammers, so I’d be afraid that they know I have X amount of BTC because they could have insiders trading my information and making me a target. I wouldn’t want them knowing all of this, so it’s crazy people are sharing all these details with their government and paying then taxes for money they own.

ElizabethLovesLife

Walking by an early bitcoin ATM in about 2015, and thinking, who would throw away money like that? it's 'play money'. Damn.

bin-noddin

It's the whales they use retail money like an ATM just hodl and stay out the drama...

Muted_Regular_204

I sadly had this same experience, only it wasn't $50K. I was withdrawing $4.8K in cash to purchase a gaming/ai/ml computer 5090 waterforce RTX, AIO liquid cooler, etc. It's a cash only transaction and the bank kept asking why I needed the money. After withdrawing and providing the cash, they called me later and left a VM almost in a panic that made it come across like the bank was doing something sketchy. TLDR; I bank with Charles Schwab - they don't have their own ATMs but allow you to use their debit card at any ATM with $1K daily limit. I had 3 days to purchase the computer (not because the seller was pressuring me, but because I run my own startup and use my computer to run Residential VPS instead of paying for Vast/RunPoid/Fly.io etc and the machine I used was failing) I set up a free checking account with a local bank to use to transfer money to for cash withdrawals only. Then went to the bank to withdraw the money I had transferred. Was completely honest about what I use the account for, why I withdrew the money. Had a pleasant transaction, but after leaving the bank called, kept asking if questions like: Did the seller reach out to you, or did you reach out to them? What did you use the money for? Even after I confirmed it was for a computer again, and told them I had the computer in my possession, they then asked me to send bank statements of my connected account. This made no sense, because 1) Charles Schwab was connected to my bank account via Plaid, so why would they need me to email proof my of my bank statements for an external account via email which is already unsecure? 2) Why are they policing me over how I spend my money when I clearly stated what the cash was for and that I had the computer in hand and was actively testing it 3) Why did such a small cash withdrawal of $4.8K raise such a huge concern? I get that they have a right to ask if I was being scammed, but the questions OTP didn't stop there. If I: 1) Confirmed I had the computer in hand and wasn't scammed, why did they still block my online access and ask me to send a bank statement of an external account already connected via Plaid? 2) I also walked into Charles Schwab and they informed me they don't carry cash on hand. They can only do wire transfers. The entire experience has made me skeptical of where any of my money actually is. If it's mine, and I've worked for it, why am I being treated like a criminal under prosecution for simply wanting to withdraw what I already own? It's understandable if it were $50K but man, $4.8K seriously?

AutoModerator

Post is by: rishikeshkubasad and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1ppvt1d/memecoin_trading_finally_clicked_for_me_after/ Meme coins have been insane this cycle but, being honest, I was mostly the exit liquidity. My usual pattern: * See a coin trending on Twitter or Dexscreener. * Ape in late, chase a green candle, then watch it bleed while early buyers dump. * Repeat until tilted. A couple months back I joined a group called **The Trenches Premium** on Whop and it’s the first time I’ve had something more structured than “scroll CT and pray”. What it actually includes (from my experience): * **Real‑time meme‑coin calls** in Telegram with clear entries/exits instead of vague “I like this coin” vibes.​ * Access to **sniper bots, volume scanners, and wallet trackers** to catch launches / rotations early instead of chasing after CEX listings or TikTok pumps.​ * A **step‑by‑step crypto course** so newer people understand wallets, risk, and basic on‑chain stuff, not just “buy this now”.​ * **1‑on‑1 / team coaching calls** and a pretty active community sharing plays, journaling, and post‑trade breakdowns.​ Who it seems best for: * People already trading or wanting to trade **meme coins actively** and willing to treat it like a serious high‑risk/high‑reward game.​ * Traders who want tools + community + education in one place (instead of separate bots, courses, and random Discords).​ Stuff to be aware of: * It’s not cheap: around **60/week** for the main membership, so if you’re not trading size or won’t show up daily, it’s overkill.​ * This isn’t a magic ATM. You can still lose money if you ignore risk or copy trades blindly; meme coins are extremely volatile.​ If anyone wants to see the exact group I’m talking about, this is the Whop page I used to join (affiliate link, supports me but same price for you): 👉 [ACCESS HERE](https://whop.com/the-trenches-join/the-trenches-join?a=wearycliff) If the mods don’t want links here, I’ll remove it and just DM it to people who ask. Happy to answer questions on how the bots/calls work day‑to‑day and what’s actually helped me vs what’s just hype. *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.*

coinfeeds-bot

tldr; Retailers like Circle K are profiting from hosting crypto ATMs, despite a surge in scams targeting users. Bitcoin Depot, a major operator, has placed thousands of machines in Circle K stores, generating significant revenue. However, scams involving these ATMs have led to substantial consumer losses, with victims often coerced into transferring money under false pretenses. Critics argue that both Bitcoin Depot and Circle K should take more responsibility for consumer protection, as scams continue to proliferate alongside the growing crypto ATM industry. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Grand-Button5819

Didn't the regulations change at the start of 2025 now requiring KYC for all ATM transactions?

Severe-Masterpiece61

I agree with you, 5% spread is very acceptable for the opportunity to buy bitcoin KYC-free. However, non-KYC bitcoin ATM are exceedingly rare, and if it is KYC, there is no point in using it. You might as well just use an exchange

ReliantToker

ATM has a very minimal affect on price action. The algorithm they use is programmed this way. A perfect example would be shortly after the mnav guidance announcement. ATM stopped stock still dropped. This stock has absolutely ripped to the upside the last 5 years. You have to understand that even at these prices some are still up around 7x on initial investment. Then you have short sellers piling on due to sentiment. Banks spreading FUD because the MSTR model is disruptive to theirs. Alot of forces are working at the same time here. In the end it doesn't matter because bitcoin will do what bitcoin does and MSTR will keep stacking and become one of the most valuable companies in the world.

Agitatednunchuck

Been a share holder of MSTR for a year now. If price goes up, Saylor hits the ATM to buy more bitcoin and the price comes right back down again. MSTR will only moon shot if Bitcoin goes up significantly and Saylor stops buying bitcoin which will rocket the mNAV up. Won’t happen any time soon if I was a betting man.

PelicanKizza

Just saw for the first time a bitcoin ATM in Sydney!! It’s welcome change and I’m seeing first hand more people in my personal life getting behind it (without my recommendation) so expect more positive changes in the next few years

manzanitashadows

I see bitcoin "ATM" machines popping up everywhere... in South dakota where there is nothing technological almost haha, imagine California or New York, crypto will be adopted 100% by 2030 i have no doubt in my head. If thats a good or bad thing? I dont know that.

justjokiing

Common stock ATM, Tether has nothing to do with this

coinfeeds-bot

tldr; Strategy, the largest corporate Bitcoin holder, acquired 10,645 Bitcoin for $980 million at an average price of $92,098 per coin. This purchase brings the company's total Bitcoin holdings to 671,268 coins, valued at over $60 billion at current market prices. The acquisition was funded through its ATM program, selling MSTR common stock and preferred shares. Strategy continues to maintain its position in the Nasdaq 100. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Thefriendlytoker420

When was there btc (ATM’s) at the same time btc was $25 🤔 the math ain’t mathing I think your mate might be lying

agentlardhat

First BTC ATM was in Vancouver in 2013, second probably in Bratislava and Prague

Puzzleheaded-Dot-762

Your friend is a pathological liar. You think they started building multiple Bitcoin ATM all over the world before BTC was 25 dollars per btc? 

crunchyeyeball

The first bitcoin ATM in the the US was installed on February 18, 2014, but was removed shortly after: https://en.wikipedia.org/wiki/Bitcoin_ATM At that time, the price was around $600-$700 and never again fell anywhere close to $25: https://charts.bitbo.io/price/ Your friend certainly didn't buy a $25 bitcoin from an ATM, but if you know roughly where or when this might have been, he might have bought some fraction of a bitcoin, though the odds of recovering it are slim without knowing more details. You could try posting an image of the "receipt" (with any key details redacted, of course). That might give us an idea of what actually happened.

Soggy_Cracker

They aren’t ever going to let one person make a withdrawal so large to prevent them from servicing their other clients with Cash On Hand. You usually need to call in advance or be ready to visit multiple branches for a large transaction like that. I had a business customer who every Thursday would Have a 400-500k withdrawal for their ATM business. Never failed because we ordered cash to meet their needs.

antaran

> They issue debt at 0% which only converts when the price of MSTR goes extremely high. These days are long over. They primary mode of finance are ATM preffered stocks with dividends of 10% and higher.

joe102938

Taken straight out of an ATM machine.

Agile_Excuse_5522

ye i feel ya, it might never reclaim anything near its ATM. it’s bound to at least 3x its current price though. what price did u buy at? i bought at $2 haha, got lucky

coinfeeds-bot

tldr; A 71-year-old woman in Westlake was scammed into depositing $5,500 into a cryptocurrency ATM despite warnings from police and store employees. The scammer, posing as a bank fraud investigator, convinced her to act under the pretense of protecting her savings from theft. The scam began with a fake virus alert on her computer. Law enforcement froze the scammer's crypto wallet, but it is unclear if the victim will recover her funds. This highlights the growing issue of cryptocurrency scams targeting vulnerable individuals. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

partymsl

A 71 year old woman being scammed through a BTC ATM... wrong on so many levels.

KlearCat

> Are they taking the steps to do that? Companies don’t just get to declare themselves as a bank. It’s a highly regulated industry. > Banks offer specific services such as bank accounts, ATM cards, checks, etc. Does Strategy offer those? I don't think so.

Dismal_Bumblebee_299

I needed to pull out 15k one day and the tellers had me use to business ATM that had high limits and more cash than they had access to. And this was a busy branch of a large national bank.

Limp_Complaint1785

Ya this is pretty dumb tbh. I'm a fan of bitcoin but bank branches don't just carry everyone's cash in a vault to withdraw at any moment in every branch. As someone who runs an ATM business, I need to call every week to make a special order to take out substantial amounts at a time. If you call ahead they'll give you as much as you want. If you need a large sum on a consistent basis, expect to pay for that with services like brinks armored car delivery. They have your money they just don't keep it everyone's entire balance in whatever branch you feel like visiting that day for security purposes.

physics515

I have yet to find a bank branch near me that isn't "cashless" meaning the ATM is the only cash they have. And I live in a fairly large city.

Aazimoxx

Maybe in a branch that regularly handles large cash amounts (like one next to a casino lol)? But not a smaller regional location or in the suburbs. It's simply a logistics and liability issue; a standard suburban branch is likely only insured for up to $100-150k across all sources (tellers, in the vault and ATM refill) at any given time, without extra security in place. In practice it's often under 100k. For a central/big city branch, these numbers are only doubled. Usually to service requests like the OVP's, they have to arrange more to be delivered by armoured vehicle. This doesn't mean they don't *have* $50k sitting there, but rather that they can't give out more than half their sitting cash to a single transaction and potentially drain their float below a policy-defined amount without good reason. These on-hand cash reserves have generally only halved over the last 50 years, so it's not as dramatic as all that. Walking into a branch 30/40/50 years ago and expecting to walk out with 50-100k same-day was almost always going to be a recipe for disappointment then too. 🤷

Faxon

It's perfectly doable to keep old notes in circulation. In the US they're all left to circulate until they wear out. Banks regularly take old beaten notes and get them replaced, but we've never had an issue doing it this way, and when the counterfeiting proof notes started coming out you could still find the old ones around for a looooong time. I got an ancient $20 like this not that long ago out of an ATM as well, so they're still out there even for larger amounts.

poisito

in some banks in the US … or at least in Schwab, wire transfers are free , same as ATM withdrawals..

Difficult_Collar4336

I tried to withdrawal $12k once to pay for my new roof - they only let me get $10k, said I could get another $1k from the ATM….told me for amounts higher than $10k I should arrange it in advance.

VirginiaSlimmed

So you would be ok with a bank giving grandma her life savings in cash to dump in a Bitcoin ATM because she thinks she is in love with Keanu Reeves?

Zaytion_

When they get cash, ATM companies are quickly coming to grab it, they daily are grabbing cash from banks to fill up ATMs. It doesn't provide any value just keeping bills in the back.