ATM

sean_hash

800/day is like 4% of daily mined supply post-halving, real question is what happens when they run out of ATM allocation

Raaaa225

ATM my mum made 12k from btc enough to cover for her house renovation

FnAardvark

That doesn't make the "flight risk" argument they are making any better, which is my point. There's already better things than a checking account at Chase that you have to pay fees on to keep open unless you direct deposit. Let's not forget ATM fee's and zero yield.

CoffeeAlternative647

You forgot to mention the amount of power needed to keep branches and all their machinery, servers, ATM's, TPA's

FnAardvark

I don't understand the banks "flight risk" argument on yields. If I park my money in a fidelity account, I get a 3.32% yield, a debt card, checks if I want them, and they pay all ATM fee's. It's literally 10x better than a traditional checking account and where's all of the flight?

Deionize_Deionize

Cool. However most ATM enact a heavy fee above the spot price. A better infographic will be the usage of these ATMS...

PeaMuch5965

Glad you liked it. The global Bitcoin ATM growth really shows how far we've come from just online exchanges to real world access. It's one thing to buy Bitcoin on an app, it's another to walk up to a machine and grab some sats with cash. That's tangible adoption.

Careful-Confidence13

Is there any Belgian here? I’m going to Belgium in a month and I’ve seen there isn’t a single ATM in the whole country, is that possible?

aaj094

If STRC > $100, there is a demand tap on for BTC (using ATM share issue proceeds) and any selling needs to outweigh this demand for price to go down. Yield on STRC is 11.5% pa so it's sweet for yield investors and hence primed to stay near $100.

coinfeeds-bot

tldr; Strategy Inc. has acquired an additional 3,015 BTC, increasing its total Bitcoin holdings to 720,737 BTC as of March 2, 2026. The purchase, funded through share sales under its ATM equity programs, cost approximately $204.1 million at an average price of $67,700 per Bitcoin. The company's cumulative Bitcoin investment now totals $54.77 billion at an average acquisition price of $75,985 per coin. Chairman Michael Saylor confirmed the details in a social media post, emphasizing the firm's commitment to Bitcoin accumulation. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

IBAN-IBON64

ATM BITCOIN mais les frais importants. Hodlhodl BISQ

fondoobious

Needed an emergency top up of under $100, so I had to pay the 20% at a CoinFlip ATM. First message you get AFTER your buy is: PLEASE NOTE THAT YOUR PURCHASE MAY NOT BE SENT IMMEDIATELY FOR SECURITY/CONSUMER PROTECTION REASONS. No idea if/when they will ever send me my BTC

Django_McFly

If I withdraw money from bank account at an ATM and then someone scans me out of that money, we generally would blame the scammer instead on the ATM maker. "You should have known it was a scam! Nobody ever withdraw or deposits money via ATM"

JayordanJolly

Bitcoin well ATM

coinfeeds-bot

tldr; The Massachusetts Attorney General has filed a lawsuit against Bitcoin Depot, a major crypto ATM operator, alleging it knowingly facilitated scams that defrauded state residents of over $10 million. The lawsuit claims Bitcoin Depot used misleading tactics, overcharged customers, and allowed fraudulent transactions, with over half of the money processed in Massachusetts linked to scams. Bitcoin Depot denies the allegations, stating it prioritizes compliance and consumer protection. The case highlights growing concerns over crypto ATM fraud and regulatory scrutiny nationwide. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

niddess

No BTC ATM in my country

niddess

I'm not looking for excuse, I really am trying to find a good robust option. Yeah KYC is more revealing, but name, last name is already way too much IMO. Meeting people is only possible in big cities or the offer just does not exist, sending money through mail is just too risky, bitcoin ATM without KYC is for very few countries. Only option left is WU/similar, I'll dive into this to see if there is something rotten with this method, or if it's the golden one

tooreal

Since youre basically talking about an ETF for BTC I’d take 200k and invest it into FBTC when it hits 50k so you have 4. If BTC historically has a 4 year ATM/bottom cycle sell them in a couple years at 200k. You would still have 600k that would be following the normal growth and potentially an additional 600k in a couple years. You can repeat this cycle or just have 1.2mil in VOO in a couple years

Express-Economist-86

Traditional finance-wise I started 17 years ago. Bought fixer-upper house around 2016-2017 at about $165k, market has it at ~$390k today. I don’t believe it’s worth that but just had it appraised (to do a partial cash-out refinance and buy more Bitcoin and STRC - the arbitrage is that good). Real estate seems like a place surplus dollars settle, but why would get locked into property management or house flipping? - I’d need to raise rates just to keep up with dollar inflation and taxes, then I’ve got people pouring bacon grease down the sink… I think of Bitcoin as the first time humans can have electric energy turned into value. Thermodynamics, right? Energy can’t be created, just transformed. So bankers and politicians have *created work-value energy* out of nothing - meanwhile Bitcoin is energy transformed into work-value. Kind of funny the money printer people all complain about the energy cost, how much you think financial mucky mucks and their high-rises on wallstreet cost? It just makes sense that if bucks are printed (look at M2 money supply) prices in dollar terms (for my same, shitty, antique, small-family sized home) would go up, but the value in actual energy (as priced in Bitcoin) would go down. Detractors would be like “but you gotta use shady shadow banking!” Not really, I have a Bitcoin ATM down the street. Poof, there’s your down payment in cash. In 2017 Bitcoin hit a high around $19k, now we’re at a people-tripping-out low of what, $62k? And again - in dollar terms, my house went from ~165 to ~390k If I had half a brain I would have rode it out, life didn’t get less expensive, I won’t make that mistake again. It could drop to 30k, I’d buy harder - it’s that good of an asset. Another thought, everyone’s mad about wages… well converting my dollars into Bitcoin clearly preserves or enhances their value. The dollar basically evaporates with time, so it encourages people to flip it quick into the next thing or risk loss. Plus, now we’ve got to contend job-wise with limitless human creativity connecting to the how-to know how of AI. If you don’t think that’s going anywhere, check out Anthony Pompliano’s CFO Silvia AI. It’s free so far. I’m at starting-stages of my business and still hiring lawyers to cross check but so far I’ve been astounded at what it can do… my point being, replacing a CFO salary is kind of a big deal, and now everyone has access. Wages should be going up, prices should be going down. Holding Bitcoin is better the longer you learn and keep it.

Substantial-Sea3046

Find an ATM and use a temporary sim card with a Trashable phone ( phone send unique id with the sim, so even with the removed sim, expert can track you if you use the phone with a new sim )

TheresNoSecondBest

That's it? Is that everything? A standard KYC reveals name, **address, phone number, email, your photo as well as a photo with all details in your ID**. Do you see the difference? Now, do you prefer not to have your name revealed? There are only a few options. 1)Send money over Western Union and similar services (expect high fees). 2)Send cash over the DHL or similar (could get lost). 3)Meet people at a Bitcoin meet up (showing your face). 4)Use a Bitcoin ATM (depends on the country you're living in). 5)Use Vexl and meet with people in your phone contacts (showing your face). 6)Offer goods or services in exchange for bitcoin. Stop looking for an excuse, mate. Find a solution that works for you.

DigitalDaydreamers1

Look for a bitcoin ATM near you. There’s plenty of ways to get bitcoin. Why would you want to send $100 in cash when you can do it digitally via other means??

TheresNoSecondBest

Visit your nearest Bitcoin Meetup, Bitcoin ATM or Vexl.it

Numerous_Big_3680

Try a Bitcoin ATM if there's one nearby - those definitely take cash but the fees are pretty rough, like 10-20%. Also yeah Walmart has those CoinMe kiosks in some locations, just check their site to see if yours has one For chain stores I've heard some people mention certain gas stations but honestly your best bet might be finding someone local through like Facebook groups or something if you want better rates than the ATMs

coinfeeds-bot

tldr; California has initiated the Digital Financial Assets Law (DFAL) to regulate crypto firms statewide, requiring them to obtain a license by July 1, 2026. DFAL mandates strict rules on reserves, disclosures, fraud prevention, and cybersecurity. It also imposes consumer protection measures, including limits on crypto ATM transactions and stablecoin regulations. The law aims to ensure transparency and safety in the growing crypto market, potentially influencing national standards due to California's economic significance. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Repulsive_Spite_267

The system falls, ATM's are uselss, your visa card and cash apps are useless, your phone is useless, your computer is useless. you're talking apocalypse. If there is even paper cash left by then and you happen to have a little bit, or even some gold stashed, how do you stop people from taking it when you go out side with it? what you going to do? call the cops? you cant by that stage, the only thing that matters in survival skills

CapitalIncome845

If there's a systems collapse, your ATM card would be fucked, too.

Chilln665

I think we are in the early stages of the shift… jobs might be lost, but new ones will be created. Roles will changed just like when the ATM shifted the role of a bank teller. Just like this AI job adjustment, the shift from fiat to blockchain will be scary for most.

BastianHS

Can I interest you in an ATM meetup?

sridhar353

If it goes down 90%, I’m sure Saylor will create more ATM offerings to purchase a lot more bitcoin. What an opportunity that would be! Signed, A cynical, badly hit investor who bought into Saylor’s ponzi scheme

cqm

He can just ATM now and pay off the debt so he doesnt have to worry about it

MrGraveyards

Dutch person here, it isn't that simple. First of all, Bitcoin needs to actually make profit. Which ATM it doesn't. Then the parliament did say they approved this law for 2028 as a stopgap because there is no better plan. This means they will try to find something else. The Senate (eerste kamer) didn't approve it yet, but probably will. The moment it will (questionable!) go into effect, a lot of lawsuits will start to happen immediately. Furthermore this is still one of the best countries in the world to be in, and it is a tax, it isn't all your money or anything. Some people are saying it will never come this far, but if it will there might be legal ways to circumvent it, like starting a small 'investment' company. And yes, if all else fails, moving could be an option, but it isn't the only one, and it isn't 2028 yet.

fpiasdf9

As with all things in America, it's devolved into partisan politics. Old money is the banking system represented by Dems. New money is crypto supported by GOP. And yes the key sticking point ATM is banks don't want to lose their monopoly on deposits, their entire fraudulent system will collapse when stables pays more interest.

TheresNoSecondBest

>*lose Fat fingers, sorry. >It seems the same to me. I get that it's not possible to provide a backup for a device like that. On the other hand I would hesitate to store bitcoin like that without the possibility of a backup. I hear you, mate. The device isn't made for long term storage. It's like a $100 bill. You take it out of your home safe or a bank ATM (load opendime up), you give it to someone else. Should you burn/lose the bill, the money's gone because there's no backup. The same goes for the device.

bbatardo

Right now he uses MSTR shares as his personal ATM. The only reason they have a cash reserve right now is because Saylor finally realized he needed 1. He sold shares about a month or so ago to get about 2B. That holds them over around 18 months give or take. I imagine he will sell more shares soon to add to it once he pays out some of his reserves and keeps the cycle going until people stop buying MSTR. 

mrjune2040

Ten years ago this was interesting, now it's just yawn, especially when it's just one of ten thousand other Bitcoin ATM with a 20%+spread.

Different_Ice_6975

After all the years of watching YouTube videos about people being directed by scammers to go to Bitcoin ATM machines, I just realized that this is the first time I’ve actually seen a legitimate Bitcoin transaction.

Mountain-Syllabub-10

Hope to see ATM in my city

el_rico_pavo_real

I hope they said fuck it, smash bought $60K with their $2B cash reserves and just use ATM with recovered mNAV to rebuild cash reserve lol

koffee_addict

At some point personal anecdotes need to convert into statistics and reality. I am yet to see a Bitcoin ATM in person.

Recent-Singer8146

Years ago, I recall seeing novel ATM’s that used Bitcoin, but when is the last time you heard about or witnessed anyone, in every day common usage (at a supermarket or convenience store, etc.), using Bitcoin to buy a good or service? I would be interested to hear that you can provide any such recent examples. I believe Bitcoin, or cryptocurrencies in general, are interesting from a decentralized currency point of view (in the US, this is a departure from a private banking cartel, the Federal Reserve), such a digital currency provides promising anonymity & security for transactions (a good feature) and potentially freedom from political or government interference/manipulation. However, with such a limited supply, and massive speculative ‘investment’ in Bitcoin (FOMO) this creates a ‘crypto-bubble’ where speculation drives the BTC-USD rate, and any use as a practical & useful currency is negated.

Mazoku-chan

How much are you buying ATM?

Big-Special7733

Didn't panick but I'm struggling harder than I ever been , more than 7k in crypto and I'm fucked right now not working I am trying so fucking hard not to sell ATM it's making me super depressed. Fuck I wish I could have just bought gold instead tbh

Affectionate_Emu4069

There is always a chance for everything but this thing will make new ATM in few months or few years. Buy more, close your app and wait.

maslinje

You could use a crypto ATM to withdraw cash, though the fees can be kinda high. Do you know if there are any Bitcoin meetups or local crypto communities where you're headed?

Total-Wave5026

Almost a 50% haircut since ATM high right ?

Distahs

Market's shit ATM, hold and save the politics and fear mongering will pass, history repeating itself...

Vancecookcobain

Your first point is bad. China tried to do that. Multiple times. They failed and gave up. You literally can just move your bitcoins to another place or country that doesn't have the regulations and you're good. Thet couldn't shut it down. They couldn't control it. Second point is of people having their private keys stolen. Not bitcoin being hacked 😂. That's like saying money doesn't work because I can steal your wallet. Third point agrees with me. Fourth point is a bold faced lie. You can't put a hundred thousand dollars cash or a hundred thousand dollars worth of gold in your suitcase and go fly without having that seized by the TSA and getting grilled by government agents until you can prove that you legally procured said funds and EVEN then thet might tell you to fuck off. You can have a debit card and a bank could freeze your account a government can freeze your account an ATM can deny your card in another country, your bank might place a hold on you while you are traveling. Your money is not yours. You don't have ANY those problems with bitcoin The fact that there are only going to ever be 21 million is wildly important to a coin that a ton of people in the world accepts in various places. It means it is finite and scare unlike dollars and euros that are printed to infinity out of thin air with no limit. It's why Bitcoin has constantly outperformed the dollar and over the long term has always got more valuable and why the dollar has always gotten weaker over time and worth less. It's a no brainer...you don't see it because you're a dummy lol

KimKimberly12

I’ve never used a Bitcoin ATM

TheresNoSecondBest

Look into BISQ, Robosats, HodlHodl, PeachBitcoin and Vexl. Much better than ATM, no ID necessary.

coinfeeds-bot

tldr; Arizona Attorney General Kris Mayes has issued a warning about a surge in cryptocurrency ATM scams, with residents losing over $177 million in 2024. Scammers exploit the growing number of crypto ATMs, often targeting seniors through fake calls or messages, instructing them to deposit cash into these machines. Arizona has introduced laws to cap ATM transfers and improve fund recovery if scams are reported quickly. The FBI reported a 99% increase in crypto ATM fraud complaints, highlighting the need for vigilance against such schemes. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

MoggerOfManila

I keep a few hundred bucks around for emergency when traveling. Never know when an ATM will eat my debit card. Any other expat under 30 will likely take a few hundred dollars worth of my buttcoins and save my ass until I can fix myself. Twice I needed it thus far. It's far better than asking for a loan. I'll pay you back means a lot more when I give up collateral. Both times the price moved up enough the other guy just kept it instead. Both are massively ahead. I'm out maybe 3-4x in gains but that's irrelevant when the alternative was worse. It's good worldwide self travel insurance.

dweeegs

The cash they have isn't to buy BTC at all. They do fresh ATM's every week to fund their BTC purchases. They already did a big raise last December to keep a couple year's worth of cash for STRC and other products they have There is nothing forcing them to sell within a remotely short time frame, even if BTC price gets halved. The next shot would be a year+ from now when their convertibles are due and I can guarantee they'll either refi or shit out more MSTR before he sells a single BTC. The dude is batshit crazy The risk from Saylor isn't to BTC it's to his "shareholders"

Blaze69X

Spot on. Crypto is still just a giant ATM for macro funds when their tech bags start bleeding. If you aren't watching the Nasdaq right now, you're trading blind.

Vancecookcobain

A government can freeze your account...the bank can place a hold on a debit card...an ATM can deny you a withdrawal in a different country. You are only using your brain on a surface level lmao

JRBetting

This is the way it goes over the years. Up, down, sideways, boring, fun, but it is resilient beyond my expectations. They have BTC ATM’s now. BTC debit cards. BTC ETFs backed by the largest holders. I don’t think you should panic sell. It’s standard business in this digital game. But I’m way more bullish than most while my I’m over here getting cooked just like everyone else lol.

Different_Total_7955

really how is that ATM or how ? and do you know what comiision they charge

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?