ATM

Fit_Caterpillar5396

This is literally from the Wells Fargo website **Unauthorized Account Activity** Under federal law, Regulation E (Electronic Fund Transfer Act) provides certain protections to consumer customers when there is unauthorized account activity. Regulation E covers transfers of funds through electronic methods such as, the use of a debit or credit card, ATM withdrawals, and direct deposit activity through a checking, savings, or other consumer asset account at a financial institution used primarily for personal, family, or household purposes. **Zero Liability Protection** Wells Fargo Debit and Credit Cards come with Zero Liability protection^(1) at no extra cost. You won’t be held responsible for unauthorized card transactions, as long as you report them promptly.

RandomFrog

My bad, I read ATM as "all time high".

Artemis647

My ATM receipt (which I still have from 2015) says Price: $324.42 CAD So damn cheap lol

iamanomynous

Where do you do that? Do ATM machines count?

Select_Aide_6548

Screw these damn ATMs. I went to one to test and tried to buy a few bucks of crypto. After a long signup process, I had to have my photo taken and have my ID scanned. Just to buy some crypto? I'm sure it's due to some regulation but wtf. Wake me up when there is an ATM I can put cash into and put crypto right onto my wallet (or vice versa)

Salamandrine88

real experience, ive had the virtual card for about 8 months in EU, USDT spend works fine on Apple Pay, no Apple Pay rejection in my country one ATM withdrawal got declined randomly once, second machine worked, no explanation. small annoyance not a dealbreaker.

Artemis647

I bought in 2016. Bitty was CAD$300 then, *at an ATM*. It was awesome.  Why I only bought 10 BTC, I will never forgive myself lol

ShipMysterious7602

Recently started using Tangem Pay. Love how they integrated the card account into the wallet. This means you can have all your funds in a cold wallet and only push over what you need to the card as and when you need it. Also, the funds you push to the card is in USDC so you never touch fiat until you use the card. You spend USDC and the merchant gets his fiat. Card limits are also very generous at this stage with a load capacity of $50k max but a loading of $100k per day and up to 24 loads a day. Annual spend limit is set at $10m which is way more than any other card I have looked at or used. It's still in beta though. Currently you can only fund the card in USDY Polygon which is a bit of a headache. Yes it's cheap but I feel USDC Tron (TRC-20) would have been a better choice as it's already so widely integrated with brokers and the like. Tangem has however said they will look at including more payment methods in future so let's see where this goes. Also, at present only virtual cards are available. From what I've read, physical cards are on their way and already being tested in Europe. ATM limits are on the low side but for me personally, this is not an issue. I want a card where I will not run into limits while spending and a virtual card is just fine as it works with Google Wallet/Apple pay. Forgot, no fees on the card account and the exchange rate they use if you spend in anything other than USD is Visa's rate + 1% which is not bad at all. So no major markup of the rate. I think Tangem has done a great job with the card account integrated right into your cold wallet on the app.

DonTheHolder

Bitcoin ATM.

LargeSnorlax

Hilarious, since the literal only thing people used them for is to scam the elderly. No one sane would buy Bitcoin at an ATM with a 20-30% added spread added onto the price. Good riddance. These things were only designed for the stupid.

Alex45223

sign up? find a coin flip ATM. I assume you didn't use your real name and age right? just make up john smith aged 25 whatever.

No_Fortune_1176

$315 billion sitting in wallets doing nothing because spending it costs more effort than going to an ATM smh

BTC_Saviour_16

Go to Poland and use a Localcoin ATM, no KYC needed.

wayfarer8888

And what's your offramp for the one that has not been KYCd? Bitcoin ATM that pays you a few cents for every dollar?

el_rico_pavo_real

Love this post - only thing I am not sure of is the zero MSTR ATM. I believe, and I could be wrong, they like to sell a proportional amount of MSTR to maintain the amplification ratio of STRC… so I expect some MSTR ATM, just not a ton, relative to STRC or previous ATM sales.

BitcoinBaller420

**tl;dr - markets are stupid and Bitcoin is ridiculously underpriced** Here's what happens next. STRC has its first $2 billion day today, and Strategy is the primary seller. This weekend, Bitcoin continues to go up as Strategy deploys these new funds into spot. By Monday, the world realizes that Saylor is seriously not selling MSTR common, when Strategy releases their weekly sales / purchases and there is 0 MSTR on there vs $2.5b+ in Bitcoin, despite nice premiums available, Bitcoin strength, and juicy mNAV for the taking. Bitcoin per share soars in just 1 week, and the mNAV starts looking stupidly low. Strategy eventually starts tapping the ATM at a much higer immediate profit, and this efficiency just pours more jet fuel on the fire as the greatest short-squeeze in world history begins to take shape over the next year, driven by credit market demand for STRC's high-return-on-very-low-risk-tax-deferred asset qualities. Right after that, the Clarity Act will be passed, and Strategy will quickly announce at least one partnership with a major bank to realize their dream to back a 0-vol money-market USD account with Bitcoin as the backing collateral. The US bank savings deposit base immediately becomes much more accessible to start moving into Bitcoin, now with regulations and approvals to the highest levels, and guidance from advisors these people have trusted for decades. That's yet another big deal in the future demand curve for Bitcoin (not to mention a huge win for the everyman facing an impossible battle with a 0% savings account that leaks 5%+ buying power every year). I went balls deep yesterday, I'll be in there picking up some deals on the 3-month prefs today. STRK imo is stupidly under-priced right now.... 10% ROC and I get a perpetual call on leveraged-Bitcoin?! What are we talking about here. I'll be on the bid side again today, see you there.

tesseramous

How long does it take to cut through Saylor's little ATM allocation and really start dropping.

slavikthedancer

The whole ATM is powered by one duracell?

Branch_City

Online it says 6M rubles to 1 BTC, I’m sure this ATM has a high fee though

ZetaDefender

This feels like that ATM hack a group did during Black Hat a few years ago. Guess AIs have no concept of a coding sandbox.

birbbbbbbbbbbb

Grok can't own anything but it's not some autonomous entity, it's a computer system created and owned Twitter just like an ATM is a computer system owned by your bank. Grok is just a brand for whatever LLM Twitter deploys, anything owned facially by Grok is clearly owned by Twitter itself.

HyperSpaceSurfer

This is different because Grok was ostensibly the owner, it wasn't someone else's coins which Grok was simply given access to. But Grok isn't a person, so can't own anything. The money in the ATM is owned by someone/some company. The issue is that there's no one who was stolen from, so no one can seek damages for their loss in a court of law, just like how I can't seek damages if someone finds money on the ground which I don't own.

birbbbbbbbbbbb

I think to say there's no equivalence between ATM errors seems like a bold assertion based on nothing. It's especially silly since the ATM example is actually the second situation! They kept asking the ATM for money and it wasn't doing the math to check correctly. 

xrailgun

This is completely irrelevant. Your example describes: "hey ATM, give me $10" *ATM dispenses $100* What actually happened in this article: "hey ATM, give me $1 million" *ATM dispenses $1 million* There is no equivalence.

stuartwitherspoon

The difference is that money in an ATM is owned by the bank. These tokens had no owner in the form of a person or entity.

birbbbbbbbbbbb

I'm not a lawyer but if an ATM dispenses too much money in an error keeping it is a crime in some jurisdictions, famously this happened in Australia (example: https://stacklaw.com.au/news/criminal-law/my-atm-overpays-can-i-keep-it). Especially since the person here isn't acting in good faith (the Morse code and immediately deleted account make that fact abundantly obvious), it doesn't seem a safe assumption everything is free and clear here. In most cases even if you're acting honestly, you can't just keep money that was clearly a mistake and it seems absurd to think the creators of the Grok bot was intended to just give money away like that.

Sundance37

It’s just a bitcoin ATM. So, not really.

DreamingTooLong

Don’t use a credit card 🙄😁 Get cash from credit card at supermarket checkout Use the cash for buying BTC in person or stick it in the ATM and buy BTC with checking account. using credit card for bitcoin is dumb Good luck 👍🍀

badfeets

Usually a regular purchase, but you'll want to check the fine print, because some cards treat monetary instruments as cash advances (like withdrawing from an ATM). Also, I'd tell you that taking on debt to buy crypto is a horrible idea, but I'm not your father.

sundevil8229

Yeh u could use the futures in an exchange that has btc futures that are decently liquid - reasonably stacked bid ask that not too wide of a spread (depends how big u r trading) Most futures will track the perps and spot. On expiry just swap contracts to the next one if u still want to hold. Perps too costly if its bear market regime and will eat into your profits or additional payment to ur loss. Or u can express your idea in an long put or bear put spread option on Deribit but options will lose value over time plus u have LT outlook, if ur strike is too low (60/70) probably u wana get an ITM/ATM put 85-95 area more expensive but still cheaper than short spot and if mkt moves up u still have buffer. Futures make more sense if going with a vanilla idea without too much complications and variables.

Particular-Fall-3194

Bro bought from a bitcoin ATM at a speedy gas n grub

Waste-Milk2716

Do like 5 min of research. They don’t have any bitcoin pledged to collateral. It’s not a margin loan.  First you have the mNAV flywheel. Strategy isnt just borrowing money anymore they are exploiting the mNAV premium. As long as the stock trades at a premium over the Bitcoin they hold they can just use their ATM issuance to sell overpriced shares and buy cheap Bitcoin. Its a literal infinite money glitch that makes the Bitcoin per share go up even while they dilute. Then you have the STRC engine. They just authorized a massive 21 billion dollar plus capacity for STRC preferred stock. This isnt traditional debt. Its a high yield instrument that lets them tap into boomer yield seeker capital to buy more BTC without having to pledge a single satoshi as collateral. If you check their site, they currently can cover 18 months of dividend obligations and have a massive 22 billion usd reserve 

thebitcoinmd

You shouldn’t have bought at the worst Bitcoin ATM at the gas station that I have ever seen.

__Ken_Adams__

I'm highly skeptical of this. You cannot calculate the amount paid for every bitcoin because you can't know what high markups were paid for sales like in the early days of localbitcoins and at bitcoin ATM's & DEX's today still. If that metric is calculated by assuming every sale/purchase was made at spot it would be nowhere near accurate.

Tech88Tron

Not sure what that has to do with depositing money into a BANK vs anonymous conversion to BTC at an ATM....

l-espion

There more government money laundering happening on a Sunday than at any of those ATM .... Typical liberal , we can't control it , we don't like it, let's ban it ....

ahmed_mtl

that is not true that you can buy through many avenues. The only way to buy is through exchange and that require ID verification and the gouvernment know your actions. The people who were using the ATM is to stay anonymous for tax reasons or others.

fyndor

If you are getting crypto from an ATM, you are enslaving yourself. Willfully letting yourself get robbed.

f2pool-CSR2

In fact, this is an opportunity to build an investment portfolio. Don't be lazy ATM. How much you will earn depends on how much you spend your time and invest now.

cryptoboywonder

Is the fraud committed by ATM owners or are fraudsters asking victims to use those BTC ATMs to pay the fraudsters in BTC? If it is the latter then that is not a good reason to ban them because fraudsters also use gift cards and yet the Canadian government is not considering banning gift cards. Another possible reason is people are using BTC ATMs to hide crypto purchases, which since 2026, all exchanges must report your purchases to the CRA.

kyuronite

Are you sure? Because banks have not provided much support for scam victims and even enabled them as well in even grosser amounts of money. At least ATMs are limited to 1k...but there are plenty of news articles where banks have let scammers get away with over half a million. Articles such as this: https://www.cbc.ca/news/gopublic/bank-investigator-fraud-scam-9.6950754 ATMs generally limit you to a certain dollar limit, around ~1,000. Banks just let you transfer the whole fucking amount. Try doing 50 transactions of $1k each at an ATM versus just going into the bank to do the wire for 50k. It's gross misconduct on a massive scale.

Spl00ky

It's easier to scam with an ATM.

quietlydesperate90

If they ban them scammers just move to something else. Education is the solution, not banning Bitcoin ATMs. No one with half a brain is getting scammed at a Bitcoin ATM. If the ATM wasn't there they would still do something else stupid to get scammed. May as well ban giftcards too.

Tech88Tron

You are missing my point. You can only use cash in person. You have to physically carry and transport it. BTC....well you can send $50,000 worth to a hitman to off your spouse without a trace. Just use your cash from selling drugs....launder it at a BTC ATM.....transfer to a wallet....send to bad guy. Cash is not the equivalent of BTC. Money deposited into a bank account would be the equivalent.

Cptn_BenjaminWillard

Yup, agreed. I'm a Canadian, and 100% a supporter of crypto, but get rid of the ATM's.

Lonely-Artist5371

What about the the thieves that stole btc ATM and they stole no physical cash like they thought was in it

SpontaneousDream

[https://www.tradingview.com/symbols/CRVBTC/](https://www.tradingview.com/symbols/CRVBTC/) [https://x.com/0xSweep/status/2048464950105190804?s=20](https://x.com/0xSweep/status/2048464950105190804?s=20) >CRV is down 98% from its all time high and Egorov still owns the two mansions and the protocol When the founder of your protocol uses your bag as collateral for his mansion, you're not an investor You're his ATM u/Logristhebard How are those CRV bags of yours? Thanks for playing!

didnt_hodl

fuck it. I just keep IBIT at my broker. good luck stealing it. haha ETF shares are nearly impossible to transfer between brokerages (I tried), so the only path is to sell it for USD. which takes days. not minutes, days, every time. maybe my broker is special, dunno. but I think they are all like that. and then ok, what do you even do with that USD? withdraw as cash? haha. limited to 500 or so in the ATM. in-person visit to the local branch when it is open (good luck with that) can maybe fetch what 5k? anything above 10k would need to be pre-ordered weeks in advance. also would trigger all kinds of alerts. large cash simple does not move. oh, maybe a wire transfer then? haha, fully traceable, fully reversible and also takes days. large amounts usually trigger all kinds of additional checks and are usually just blocked or canceled. there are day and month maximums too very ofter. sorry, but tradFi has a lot to offer in terms of protecttion. a lot. with BTC in cold storage you are on your own kid. good luck protecting your bare ass. oh, yes, almost forgot you are so very sovereign, so free and independent. enjoy your freedom!!

hetobe

> how do the attackers even know you have access to the wallets you withdrew to? They beat that information out of you. And the people who don't have access to their wallets probably get beaten worse because the attacker would assume they're lying. But, really, you're asking the wrong question. The better question is, how do attackers know you own Bitcoin? KYC isn't the issue. More often than not, they know because you told them, usually unintentionally. Maybe you wore a Bitcoin T-shirt or put a HODL bumper sticker on your car. Maybe you used a Bitcoin ATM. Or, maybe you talk about Bitcoin with friends, and one of them mentioned you to somebody else without thinking about it. "Bitcoin? Yeah, I've got a bud who's into it. Do you know Jim? He's been in Bitcoin for years." In late 2024, I was at a bar when a guy started bragging about Bitcoin. This was back when Bitcoin hit 70k for the first time, and the guy was celebrating. I said, "Should you really be telling people that?" He said, "Ah, you're just jealous." The interaction gave me an idea. I wrote a novel titled **Five Dollar Wrench** about a woman who steals Bitcoin without hacking. She doesn't do the wrenching though. Here's the blurb: > The Tesla with a crypto bumper sticker? The driver's a mark, and he's being followed. > When his Bitcoin vanishes, he'll never know who did it. He won't even know how it happened. He'll think he got hacked online, but the thief is no hacker. She says she's a ghost. > She's robbed hundreds of men. She's responsible for the deaths of seventeen that she knows of. Surely more. Love is the key to your heart, but she has the key to your front door, and you've never met her. > Who is she? > She goes by many names, and she's got a story to tell, but this is not her story. It is her confession. It comes with a five dollar wrench. I wrote the novel to help hodlers stay safe, and I'm sharing it for free [on Substack](https://hetobe.substack.com). No catch. Eventually, I'll make it available for purchase on Amazon. One of my main goals for the novel was to warn people about the dangers of in-person social engineering attacks. The easiest way to stay safe is not tell people you own Bitcoin. Like it or not, secrecy is a form of security.

kwijibokwijibo

It's a pretty good argument - shows you have no knowledge in this space if you didn't know a decades-old commonly used industry acronym It'll be like claiming to be a banking industry expert but not know what an ATM is

Low-Method3448

Selling MSTR shares ATM because MSTR trades at a premium to their bitcoin holdings

azdcaz

mNAV is already low and 18 months is 18 months regardless of bull and bear. We’re already 6 months into the bear market, do you expect a 2 year bear market for the first time in bitcoins history? You have presented zero facts or coherent rebuttals. Just random talking points you hear from people online who don’t know how the company works. MSTR could ATM the common and get another 18 months of coverage in a week. They already might have this week.

Capable_Swordfish_30

Hodlhodl supports things like halcash. The payer given you a code that you can redeem for money at a ATM. Is there no such thing in your country?

AutoModerator

Post is by: Bcom_Mod and the url/text [ ](https://goo.gl/GP6ppk)is: /r/bitcoin_com/comments/1st8tpr/at_their_current_pace_strategy_will_hold_1/ The numbers from Strategy's latest disclosure are worth sitting with properly because they describe something genuinely unprecedented in Bitcoin's history. On April 20, Strategy filed an 8-K confirming it had acquired 34,164 BTC for $2.54 billion: its third-largest weekly purchase ever. That brings total holdings to 815,061 BTC. At their current daily acquisition pace of roughly 774 BTC, River Financial projects they'll cross 1,000,000 Bitcoin by December 15 of this year. That's approximately 5% of all bitcoin that will ever exist, held on a single balance sheet. But the more interesting story is *how* they're doing it. Strategy has built a capital structure unlike anything in corporate finance. Their STRC preferred stock, paying an 11.5% annual dividend monthly, has become a machine for extracting institutional capital and routing it directly into BTC. River's data shows that STRC proceeds last week outpaced the net inflows of all US spot Bitcoin ETFs combined by nearly 10 to 1. This mechanism is elegant and slightly dizzying. Yield-hungry institutional investors buy STRC for the 11.5% dividend. That capital goes straight to buying Bitcoin. Bitcoin appreciates. Strategy's balance sheet looks better. More investors buy STRC. More Bitcoin gets bought. The flywheel, when it works, is genuinely self-reinforcing. And with $21 billion in remaining ATM capacity, it has significant runway left. [What the 1 million BTC milestone would actually mean is worth thinking through.](https://news.bitcoin.com/strategy-could-reach-1-million-bitcoin-by-late-2026-river-notes-strc-inflows-dwarf-etf-net-gains/) At current supply, that's roughly 4.76% of the hard cap of 21 million — and when you account for the estimated 3-4 million coins permanently lost, it's closer to 6% of the effectively circulating supply held by a single publicly-traded company in Virginia. Saylor said 2026 would be the last year you could buy Bitcoin under $100K. At the pace he's buying, he might be right for reasons that have nothing to do with macro. *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.*

Laukess

For me, it's all about the next ATH. Previously, we've broken the last ATM in Q4 of the halving year. Last time it was Q1, but it was not by a lot, and it wasn't until Q4 we started to actually move above it and leave it behind. I don't think that enough to say we've broken the cycle. The ATH was way lower than I would have expected, and that's the main reason I think we've broken the cycle, even though we're still clearly following it. (I hope this makes sense, like if you lose your faith but you still go to church) I highly doubt we'll have to wait until Q4 2028 before we break the ATH again. If it happens before then, that'll be my confirmation that the cycle has broken.

azdcaz

We’ve been in a bear market for about 6 months. From December 2025-today Strategy has raised $12.35B using ATM raises, in a bear market. They seem to be able to get the cash, plus they already have 18 months of dividend coverage in reserves. I think they’ll be topping up those reserves in the next week or two while MSTR pumps. I do agree the market will puke for a while if they suspended the dividend, or sold some bitcoin. I just don’t think they’ll have to any time soon. They don’t have to continue issuing more STRC. They could stop issuing this month if they wanted, then obligations stop growing, and the future dividends of STRC can be slowly brought down as spelled out in the STRC prospectus, by .25-.5% at a time. They may lose a few investors, but the dividend is so much higher than anything comparable that most would stay.

Additional_Ability47

Has anyone seen that Instagram account where it shows a guy in every video depositing money into an ATM from his car, buying BTC on Robinhood and refreshing to show the balance? He would buy like $25 every day.

RicoBelled

Only a fool would use a BTC ATM. The spread on any good exchange is quite low, and I;m not taking about paying tax on the sale, but having to keep track of a private sale that's not on-chain. Plus dealing with lots of cash etc. etc. Unless we're talking LARGE amounts of BTC, 2% is not even going to cover the gas to get to the place where you would MAKE the transaction. You want to have KYC free BTC, but your offer is insultingly low, not worth anyone's time.

Ambitious_Use_9578

In LA, do they have bitcoin ATM machines? Where I'm at, you can feed cash into the machine and buy bitcoin among other cryptos. Google "bitcoin ATM" to find something near your location.

npink1981

There is no loan. The Prefs generate money to pay dividends. ATM on common strategy stock is used to pay dividends for the Prefs. They have enough cash to pay the dividends for a couple of years at least without harvesting more cash

fudelnotze

Thats not possible in all countries. In germany there is NO possibility. There are some ATM but all of them are shutted down after some months. They state that there are ATM but they are not usable. You can buy giftcards with hardmoney (no KYC) but you can get the crypto only if you make a KYC then. Or you can register to a msrketplace like nonKYC but the payment methods require a KYC. So its definetively no way. ONLY way is to meet with someone to buy crypto from a person and give hard money. But then you dont know where the crypto is from. So it can happen that you become coins from a blacklisted (criminal?) Walletadress and if you transfer it to an exchange they will lock it.

Ghost_In_The_Ape

In my example above I was mostly referring to assets (stocks, etc). Things that require assigning ownership for dividends, record date, corporate actions. Strictly cash? Crypto is fast if you stay inside crypto. The moment you touch fiat, it’s not magically faster than modern banking, it's often worse. Exchanges, KYC/AML - on ramp / off ramp - jurisdiction rules for those exchanges. Or for example if you are in Japan, you can use an American Bank debit card and withdraw cash instantly from USD->JPY as in seconds at any ATM albeit subject to exchange rate fluctuations. The banks do the heavy lifting here. Or for same curreny across borders SWIFT gpi is same day - near real time tracking, minutes usually with UETR tx reference. So probably modern SWIFT is often faster than BTC, I imagine only transaction size (over 10k) would slow it down due to some sort of compliance check. For large cash transfers (over 100k USD) I think generally you WOULD want a compliance heavy middle man (bank) to save you from loss of funds or prevent theft and serious crime when something goes wrong

xxxx69420xx

Show me on the personal ATM were the trump family touched you

ProgramLow8782

MSTR's preferred STRC just bought a billion dollars worth of BTC through it's ATM issuance. They've been gobbling up all supply over the past month and a half and it's starting to consistently trade over 100 (on par) so the excess is used to buy BTC. check out [strc.live](http://strc.live)

ripple_mcgee

I hate recommending this, but maybe a crypto ATM is what you want...its quick and relatively painless. You just need your relatives receiving address on Tron and you can use a credit card to buy a limited amount. Just google map it, I saw one in my local post office the other day, they're everywhere. The downside, you will be getting ripped off. Like, 10% fee sort of ripped off. Also, some credit cards won't allow it.

mickalawl

Isnt the entire US government and US tax payers acting as Trumps personel ATM ? He wanted $10B for his board of peace slush fund and just took it no questions asked. And thats thr tip of the iceberg of massive corruption, looting and enrichment of the Trump family.

Defiant_Ad_7189

People are so fucking brainwashed. I use cash for everything. Well, I use bitcoin for some things also, but I pay for the bitcoin at the ATM in cash.

Defiant_Ad_7189

I use it as a tool, for transactions. I don’t have any bank accounts or regular credit cards to pay for my email and for my VPN using bitcoin. The company is based in Switzerland, and the disposable prepaid credit cards don’t work outside of the United States. So, I go to a bitcoin ATM, add bitcoin to my wallet, and pay my bills.

KCiDe

Bitcoin ATM's (Kurant) und Bitcoinbon in Trafik etc. gibt es alles leider nicht mehr -> KYC, MiCAR... Aus "Sicherheitsgründen", als wäre es besser bei einen "in person" p2p geschäft ausgeräumt zu werden🙄

AutoModerator

Post is by: MadSL1m and the url/text [ ](https://goo.gl/GP6ppk)is: /r/defi/comments/1sgzuj8/i_analyzed_fx_fees_across_139_crypto_cards_the_0/ Over the past few months I've been maintaining a database of every crypto debit/credit card I could find — 139 of them now, from major exchanges to obscure neobank wrappers. I kept running into the same problem: every card advertises "0% FX fees" on its landing page, but the actual cost of spending abroad is wildly different. So I went through the fee disclosure docs of all 139 and tried to extract the real, total cost of a foreign transaction. Here's what I found. **TL;DR** * Median FX fee across 139 cards: **1.00%** * Average: **1.18%** * Range: **0% to 8%** * 30 cards advertise "0% FX" but **17 of those bury a conversion/spread/stabilization fee** somewhere else * Cheapest cards with no hidden markup: Kraken, MetaMask, Bitpanda, BitPay, Gemini, Deblock * Worst offenders: Kemy (8%), MaxSwap (5%), SolCard Mastercard tier (5% top-up + 2% FX) **The "0% FX" trap — the thing nobody talks about** The dirty trick is that "FX fee" is only one line item. Issuers route the cost through other names: |Card|Advertised|Actual cost per foreign transaction| |:-|:-|:-| |Gnosis Pay / Rebind / Zeal|"0% FX"|\~1.5% stabilization fee on every tx| |1inch Card|"0% FX"|2% "card spend fee" per purchase| |[Crypto.com](http://Crypto.com) Visa|"0% FX markup"|\~0.5% conversion spread on crypto → fiat| |Wayex|"0% FX"|1% crypto-to-AUD on every purchase/ATM| |Bitrefill|"0% on EUR"|1.99% conversion if you fund with crypto| |Avici|"0% Avici fee"|Visa's 0.4-1% cross-border fee still applies| |Wirex|"0% FX all tiers"|Spread on crypto-to-fiat conversion| |Bybit|"0.5% in EEA"|**7% in Argentina**, 2% APAC, 1.5% Brazil| That last one is important — Bybit's "0.5%" headline only applies to EEA / Switzerland / Mexico. If you live in Argentina, you pay 7%. Same card, same issuer, 14x the fee based on your passport. The landing page doesn't tell you this. **Cards that actually charge \~0% (as far as I can verify)** These have no hidden spread, no "conversion" euphemism, no regional gotcha I could find: 1. **Kraken Card** — 0% FX, 0% annual. Only cost is the crypto conversion spread at checkout, which is visible before you tap. 2. **MetaMask Card** — 0% foreign, Mastercard standard rates only. 3. **Bitpanda Card** — 0% markup, pure Visa network rates. 4. **Gemini Credit Card** — 0% foreign (2.49% only applies to crypto purchases on the card, not fiat transactions). 5. **Deblock Card** — 0% advertised, no bank charge, instant exchange built-in. 6. **BitPay Card** — 0% foreign, standard Mastercard conversion. 7. **Pyra Card** — genuinely zero on everything (no spend/top-up/signup/liquidation fees). **Methodology caveats before you crucify me** * I parsed the **first numeric FX figure** from each card's disclosed fee text. Some cards have tiered pricing (Wise: 0.33-3.5% depending on currency) and I took the low end. So my median is probably **optimistic**. * 30 of the 139 cards either don't disclose FX clearly or use the word "spread" without a number. I excluded those from the averages. * Bitpanda, Kraken etc. still pay the **network** (Visa/Mastercard) cross-border fee of \~0.4-1%. They just don't add their own markup on top. When I say "0%" I mean "no issuer markup". * Fees change. This snapshot is April 2026. **What surprised me most** It wasn't the 8% card (Kemy is small, you'd expect it). It was **Bybit** — a top-5 exchange — charging 14x more in Argentina than in the EU for the same product. And **Gnosis Pay** (and its white-label wrappers Rebind/Zeal/Picnic) marketing "0% FX" while taking 1.5% on every transaction under the name "stabilization fee". That's the same fee by a different name. The "best crypto card" depends entirely on where you live and whether you read the fee disclosure, not the landing page. The rankings in most "top 10 crypto cards" articles rank by **cashback** and ignore FX entirely, which is backwards for anyone who actually spends abroad. *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.*

Choice_Potato_6279

Yeah if you use ATM you need a mask since they have cameras but if the coins are properly mixed then they'll only chase you if you'll use a public ledger and the mixed coins are tainted, if you contact someone online to make a deal in person you need to use tor, public wifi, use synched crypto wallet instead of public nodes and ideally a burner laptop but the biggest step is to mix properly.

Choice_Potato_6279

You can do fuck all just launder 1% of it via mixers, I would happily have such coins risking facing life sentence, would take 0 effort to swap it to Monero here and there, even few thousands a month would be a bliss then you cash it out via some ATM machine or p2p

coinfeeds-bot

tldr; Bitcoin Depot, a major bitcoin ATM operator, lost at least 54 BTC, worth about $3.6 million, in a hack on March 23, according to investigator ZachXBT. The breach reportedly went undetected for three days until March 26. The attacker targeted the company’s storage wallets, using 19 blockchain addresses, and some funds flowed to KuCoin. Bitcoin Depot said no customer personal data was likely exposed and has hired external security investigators. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

CRWestbrook1

Which ATMs have no feed at casinos? They plethora that I’ve frequented have always have insane ATM Fees.

AutoModerator

Post is by: zarfistda and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1seprqb/breaking_down_the_true_cost_of_spending_crypto/ Been using a crypto debit card for a year and thought I'd share what surprised me about the real costs. At first it felt like free money - swipe crypto, get fiat - but fees stack: on-chain gas to move coins, exchange spread when provider converts, card network FX markup for cross-border purchases, monthly/annual card fees, ATM withdrawal charges, and sometimes a hidden reserve buffer set aside by the card provider. Small purchases amplified costs with fixed fees and bad conversion rates during volatile times. Pro tip from my experience: use stablecoins on-chain only when gas is low, avoid small frequent purchases, and compare spread+network fees (not just advertised cashback). Curious if others track effective % cost per transaction - mine averages 1.8-4% depending on coin and country. *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.*

nllfld

Stopped reading at „the ethereum blockchain failed to process”. If I go to an ATM and try to withdraw a million, did the ATM fail when it throws an error?

BTC_Saviour_16

This is why I use a Bitcoin ATM when it comes to quick withdrawals. Yes, it does pack a bit of a punch when it comes to fees at certain ATMs, but I can get my cash quick, and most of the time, it's without doing KYC. As long as you feel comfortable using one, I don't see an issue why you wouldn't use one. Just make sure you do your research on them! If you've got an ATM like Localcoin ATM by you, that's great. They're pretty high quality and you can grab cash at any of their "Sell" machines.

samuscoped

People not holding BTC will tell you its too late but it’s not at all. Start DCA & dont sell anything for 5-10 years atleast. In 15-20 years it might be too late, but its not the case ATM.

HotExperience6196

I’ve wondered the same thing. From what I’ve seen, it’s not just scammers, it’s also people who either don’t trust banks/exchanges or just want something simple and immediate. Like if someone isn’t comfortable linking a bank account or dealing with KYC, an ATM is kind of a “walk in, use cash, done” option even if the fees are bad. Also probably gets used by people who are less tech savvy and just want a straightforward way to buy without setting up accounts. I still don’t really get why you’d choose it once you know the fees though, so I’m guessing a lot of users either don’t realize how expensive it is or don’t have many alternatives.

BTC_Saviour_16

Localcoin, literally the easiest way to buy crypto with cash. You can find the closest ATM here: [https://localcoinatm.com/bitcoin-atm/](https://localcoinatm.com/bitcoin-atm/)

AmbitiousPhilosopher

Using Bitcoin is expensive and slow, using an ATM is same, using cash is heavy, using the post is expensive slow and risky in some locations. I would just send the nano 2566337764226, and tell them how to trade it with a local that wants crypto.

Aazimoxx

Fair enough! OP is basically asking for impossibilities, that don't apply to essentially any other financial product let along crypto. Realistically he should just use a bitcoin ATM or something to get cash, then mail that to the technophobe.

Buffetwarrenn

Just checked No—not legally. The FCA says there are no crypto ATM operators registered to operate in the UK, which means any Bitcoin or crypto ATM you find there is operating illegally Searched on perplexity AI

F0rtysxity

Not that I know of. You will need to give some financial institution your information. CashApp is probably the most simple. Or if anonymity is your priority you could try a Bitcoin ATM. I have not seen one in a while. And they charge a premium for their services.

OkFarmer3779

The thing worth watching here is the ATM share issuance pace. Strategy's BTC accumulation is almost entirely funded by selling MSTR equity, when the premium to NAV compresses (which it does in drawdowns), the flywheel slows or stops. At 762K BTC they're already \~3.6% of total supply. The path to 1M BTC in 2026 requires either the premium holding up or new debt issuance. Not impossible, but the marginal buyer premium keeps shrinking as the strategy gets more crowded with imitators like Twenty One Capital.

Many-Blueberry968

Its not running straight to the bitcoin subreddit for advice, lmao. There are a dozen or so subreddits much better at answering your question. Or, just shove it all onto your nearest bitcoin ATM today. /s

ChampionWorried9640

download an open source mobile wallet and visit a BTC ATM, buy small amount and play around with it, test multiple wallets, buy something etc.

Hfksnfgitndskfjridnf

He has bought plenty of times this year with NAV below 1. Look at his purchase history in 2026, the majority of buys that were only common stock ATM resulted in a decrease in BTC per share.

blaziken8x

Are there any other reasons to use a BTC ATM other than if you're a drug dealer or an indian scam call center?

Zarigis

Having an ATM only support Bitcoin seems impractical to me. Why not have it also support other cryptos, or also support standard debit cards? 

setokaiba22

No because what idiot is using a BTC ATM with those fees?

Phantasizer

> Or perhaps I don't get well what is the problem you are referring to. Yes, I think you misunderstood me: I meant that if I am traveling or just spending time abroad, let’s say a few months, and I need a certain amount of local currency for daily use, if I use BTC, I will have to sell a certain (relatively large) amount of BTC, it is not practical to liquidate for example the equivalent of 500 US$ every month or every 2 weeks, or is it? So I guess I would have to liquidate a few thousand at a time, which is enough for a few months, but this means I have to safely store a few thousand US$ in the local currency, either in a hotel room or in a temporary place, which isn’t very safe. Whereas with a traditional account in fiat currency, I can just retrieve a few hundred at an ATM every time that it’s needed. And a credit card is relatively safe, if you’re smart (personally, in 15 years of living abroad at least 6 months every year, I never had money stolen. Only once my CC got cloned, but the bank caught it in time and I didn’t lose a cent. 

Phantasizer

To number 2): Of course everything is volatile, including gold, fiat currency, stocks and even real estate, but it depends to what degree, doesn’t it? BTC dropped 40% in a few months, that’s a lot more than almost any other asset, and it’s not the first time that this has happened (maybe not 40% in a very short time, but there have been strong fluctuations). It’s not really an argument if you use it as an investment, but if you want to use it as a means of payment (which is its only real world use), it’s a big problem. Consider the case of someone who purchased BTC when it was at 120k, in order to purchase real estate (or even just a car) in another country, and he had to delay the transaction (for unrelated reasons) just for a few months, he would be unable to buy what he was planning to. That is a serious problem, and as long as it hasn’t shown some stability over the course of a few years at least, will continue to be a problem. Fiat currencies suffer from constant inflation, but there are at least a few that have been quite predictable, over decades.   3) Yes, but as I said, if you just need money for day-to-day purchases, it’s almost negligible. Plus there’s the argument of security: with fiat currencies and credit cards, you can retrieve small amounts dozen or even hundreds of times during a year (as an example), thus never have large amounts of cash on your person or in an apartment, or maybe a hotel room. With Bitcoin you’ll want to exchange a certain minimum, in order to keep the relative fees low. That will either require you to use a bank account and ATM anyway (thus adding fees), or else live with the risk of having large amounts of cash stored on more or less safe locations, especially if you’re abroad and might not have access to a safe. Or is there another (better) way?

Least-Tea1918

What about a crypto card to spend it directly and withdraw at an ATM?

RepresentativeBug287

ATM

LV-426_realty

Accurate, when I used to dispose of the pc in ATM machines we pulled out we were required to drill the HD 4 times.

216_Cleveland

Well even if they saw your passphrase they would need your hardware wallet or seed. Point still is true, would you want anyone to have your ATM pin?

DarkUnable4375

Pin is only 4 digits. Even if they saw it, they need the bank card (or a copy), have daily max withdrawal limits from ATM.

216_Cleveland

Physical security matters just as much as digital security. If someone can watch you input your seed phrase or private keys, all the hardware wallets in the world won't help. This case highlights why operational security (OPSEC) is critical: private spaces for crypto operations, secure storage of recovery materials, and never letting anyone observe your access methods. For anyone managing significant holdings: treat your crypto activities like banking. You wouldn't let someone watch you enter your PIN at an ATM.

snek-jazz

And the majority of it from STRC ATM, not MSTR common. Amazing week for MSTR.