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Old 05-12-2020, 01:53 AM   #1
carolwebb
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anybody here use a bitcoin ATM?

anybody here use a bitcoin ATM?
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Old 05-12-2020, 02:07 AM   #2
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To buy or sell bitcoin.

A lot of bitcoin arms in the UK where you can buy it very few you can cash out from and all are heavily monitored.

Go to a couple of Chinese run casinos in Cambodia and you can cash out as much as you wan't. I was once in a bank branch in Cambodia and a Khmer was complaining it was taking 45 minutes to pay in $750,000 in cash!!! If you tried paying in $750k in a local branch in the UK I'd be arrested on the spot of money laundering!
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Old 05-12-2020, 03:16 AM   #3
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yeah they work fine , if your not trusting them at the beginning ,just start with a small amount to get used to the handling
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Old 05-12-2020, 03:24 AM   #4
faxxaff
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These ATMs are a ripoff. They charge around 10% in fees, sometimes more.
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Old 05-12-2020, 03:41 AM   #5
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These ATMs are a ripoff. They charge around 10% in fees, sometimes more.
Then use an exchange like Coinbase, with extreme gov regulation, same as a bank.

10% fee is what you pay for no KYC, pose with passport selfies and anal swabs
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Old 05-12-2020, 04:07 AM   #6
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We have bitcoin ATMs in Poland. You can buy or withdrawal. No limits on them. No ID required.
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Old 05-12-2020, 04:54 AM   #7
jamezon
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These ATMs are a ripoff. They charge around 10% in fees, sometimes more.
not every atm, you can check fees online before using them, the ones i used charged between 2,5% and 4% in eu
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Old 05-12-2020, 05:58 AM   #8
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There is a lot of them in my neighbourhood , but no need for it yet - i have zero fee bank withdraw on e-wallet which i use so no point to bother with it.
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Old 05-12-2020, 12:28 PM   #9
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Have been using them for years, the local ones just started requiring ID this year though. Also 11% fee.
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Old 05-12-2020, 07:03 PM   #10
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Have been using them for years, the local ones just started requiring ID this year though. Also 11% fee.
that fee is on the high end though.
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Old 05-12-2020, 11:29 PM   #11
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Have been using them for years, the local ones just started requiring ID this year though. Also 11% fee.
Same almost happened here (ID requirement) but owners of ATM's told government to fuck off so they gave up from that requirement . And it is kind a absurd, you can spend millions in cash and nobody bats and eye, spend a dollar in BTC and suddenly you are terrorist/money laundry operator lol
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Old 05-13-2020, 01:23 AM   #12
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I have a friend with an atm business he is making way into it. I have a bunch of tools for bitcoin. Bitcoin Tools Suite
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Old 05-14-2020, 06:01 PM   #13
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Pretty steep fees for ATM's. Other options are better if you have them. Otherwise any port in a storm.
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Old 05-14-2020, 06:55 PM   #14
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Pretty steep fees for ATM's. Other options are better if you have them. Otherwise any port in a storm.
Yeah obviously it's not ideal, but hey, you can buy and sell with cash in minutes.
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