ATM

Vakua_Lupo

Bitcoin ATM that dispense cash do exist, however - Depending on local regulations and the amount you are selling, you may be required to verify your identity! Taxman always wants his share!

death_hawk

Back in the day where they had cash in wooden drawers I would probably agree. But I can't remember the last time I saw a bank without that employee only "ATM" type thing where they withdraw the amount of cash you need for you out of their machine. IDK what the logistics of stealing/accessing that thing are, but I can't imagine it'd be easy/fast.

death_hawk

20 years ago when all bills were just in a wooden drawer? Sure. But I don't think I've seen a bank today that doesn't have that "ATM" like thing but for employees where they punch in what they need and a machine dispenses it. What are you realistically stealing out of that thing? > Dude could’ve easily electronically transferred $9k out too. Could've? Sure. Easily? Not so much. If I wanted to move $9k from one account of mine to another account of mine today, I would have had to set it up with my bank 3 days ago. Oh and not all banks support this. There are "instant" transfer methods available (here in Canada it's Interac ETransfer) but I'm limited to $2500/day with my particular bank. So I'd have to do it over 4 days.

johnjonesnewphone

Crazy…. I wonder what would have happened if you tried to go to the ATM after

MessageMePuppies

Meanwhile I can pull up to my bank's ATM and withdraw $3000 in a matter of seconds.

Hodl_it

With my Bitcoin Visa card, in just about 10 seconds. It's my preferred method for nearly everything, even my morning coffee. I've never faced any issues with it. On a recent vacation abroad, I effortlessly withdrew $2,000 from a local ATM, free of charge. Additionally, Bitcoin was converted real time to local currency at the exact market rate. Plus, with every transaction, I receive 1.5% cashback.

dark_deadline

Mexc and gate doesn't allow deposits of moons ATM

Bulky_Mall7094

I don’t need this and neither do they. If the OP is still interested about this, you should go to a bitcoin ATM that does not require KYC. Don’t listen to this guy.

watchingbigbrother63

If you have CashApp you can transfer your BTC to the app then sell it on the App. You can then spend it via your CashApp debit card or get cash from an ATM machine. Is that what you were looking for?

Halo22B

It's a 1x 20% discount on the ATM fee. Don't quite your day job, lol. https://twitter.com/CoinFlip/status/1740779740816920842?t=ojs7O0bC1pg4jAdU4gA7Lg&s=19

Cheap_Meaning

If you could force someone into their home with a gun to get their seed phrase what's stopping them from forcing you into your home to steal anything else? Or stealing jewelry right off your body. Or force them by gun to an ATM and clean their accounts. If you split up your seed phrase and store it in different places wouldn't that make a wrench attack a kind of a pain in the ass, id just take the gold chain and run. I guess you could scheme a big plan to target someone with 500k in BTC and plan it all out and hope they have their phrase at home. With all that planning I'm sure you could steal something else valuable and get away with it just as easy. And how is the car a terrible analogy? You just said desperate ppl can do far worse for far less, so they will kill you for your car then. Whats the difference? Seems like you shouldn't expose your wealth through a fancy car.

SmoothGoing

Depends on context. DNM customers will pay 10% more than that at a bitcoin ATM to get their party supplies. Someone lost in the desert for days will pay $100 for a bottle of water. That doesn't mean water's real worth is $100 per bottle.

BobMackey87

Shit's cheap, ATM.

courtrye

It sounds like you’ve never mined it, received it as a gift, used a faucet, purchased low values from ATM’s or Canada Post.

AverageSafe613

Now we NEED the HTTPS. It's like it's HTTP ATM. And the Feds are are treating privacy oriented people like their outright criminals smh. Look into Samourai Wallet, what happening with the appeals case for Bitcoin Fog, and this video by Snowden from a year ago. Stay up crypto community! https://youtu.be/jFm1_UJtGlc?si=ydhvfqPiL7utYJTB

DraftBusts

I would like to start investing $50 weekly into BTC using cash at a BTC ATM and transferring the coins into cold storage. I am not familiar enough with BTC to do this, but I'd like to make a trial run. 1) Privacy is a consideration. I am a law abiding citizen and will remain so, but I wish to keep my identity totally disassociated from the coins. The reason I am buying them is as an emergency store of value in case of global hyperinflation and I feel crypto might be the first thing the money printers- who control the laws- really, really attack in that scenario; I want to be totally off the radar to the maximum extent possible. Just small amounts I'm dealing with here, to feed my family in a weird situation. 2) I understand there are 'crypto ATMs' where small-amount crypto purchases can be made using cash. What ones are the most trustworthy and where might I find them? 3) What is the process for getting the crypto I paid for, via the ATM, into a cold storage wallet that is totally free of the internet and my info?

UnmentionableChuck

I bought half a Bitcoin for 98 dollars from a Bitcoin ATM in 2014. Of course I lost it not much later and didn't care until it was too late 😔. We all have those stories to tell our children 😂

TheMaskedManIsAPilot

I purchased 30 dollars worth on the 23rd and have not received it yet. I have used ATM again and received the newer transactions tho

ResearcherNo9430

I’ve had the same issue, My customer sent btc 4-5 days ago from an Athena ATM to my address, It hasn’t even shown up on blockchain yet He tried a different atm on the same address, it came fine But guess we lost the earlier BTC What the heck is wrong with Athena?

VividBranch3945

I used to have a bitcoin ATM near me (20 miles away tbe) it went out of business. Recover yourself sir.

neen209

Crow with knife… It’s hilarious how crypto became straight memes & real world use cases are somewhat ignored ATM (won’t be for long, it’s inevitable) but I’m not gonna lie, crow with knife sounds hilarious & im tempted to invest because of their logo lol

SPXJUICYPUMPZ

Literally exactly. I have children, own a home, have a car, use a smart phone. Definitely obvious that I have SOME cash SOMEWHERE. Should I do all my ATM transactions in the middle of nowhere in the middle of the night? Don't want anyone seeing me take 100 dollars out of an ATM. They may ask me for it.

bafras

This is messed up. What if you withdraw from an ATM?

jaraxel_arabani

Operation chokepoint or whatever it was called is alive and well. Lightspark just lost their banking for.. not really clear. Their bank just shut them down They are targeting Bitcoin operators the most ATM, but it'll be all crypto very soon. Exchanges are fine and ETFs are fine, they'll continue to make it near impossible for public to own and use crypto. How dare people want self custody. How dare they!

Matt_Horton

how are you going to get 6K out of an ATM?

fugogugo

ATM machine?

foadsf

Banks in the Netherlands no longer give you cash. They do not even have ATM machines anymore. If you want cash you need to drive to somewhere else where thos third party ATM machines give you very limited amounts of cash.

AllCapNoBrake

BTC ATM's inside businesses via [https://www.bitcoin.com/bitcoin-atm/](https://www.bitcoin.com/bitcoin-atm/) Or you could buy your own BTC ATM to sell non-KYC to your friends, family, yourself.

SzaboSolutions

They shut down one of the largest Bitcoin ATM operator in similar fashion march 2023. [link to arrest report](https://www.secretservice.gov/newsroom/releases/2023/03/three-individuals-and-one-business-indicted-engaging-pattern-corrupt)

capturendestroy

The difference is that ATM operators don't market their ATMs for criminal use and Samourai wallet did market their wallet for criminal use. They wanted criminals to use their wallet to launder money and evade sanctions. They encouraged criminals to use Samourai and they promoted criminal use of Samourai to potential Samourai investors.

Famous_Educator7005

This is happening to me right now. Deposited $200 at an ATM and still no transactions being shown on block chain explorer. How did you get through to customer service? I've been calling since yesterday and can't reach anyone by phone.

RatherOakyAfterbirth

Why would you want to use a BTC ATM you’re going to get killed on fees/spreads on both buying and selling. And you’re more likely going to have to KYC like you would on an exchange. 

BossToneDude

-ATM fee was $3. Coinme transaction fee is $3.20 (4%). -$80 cash got $76.80 of BTC. -”Exchange rate” was about $75.5k. Spot price was about $65.5k. -Loss compared to a straight spot purchase with no fees would be: •Straight spot purchase - $83.00 / $65,500 = 0.001267 BTC •Actual transaction - $76.80 / $75,500 = 0.001017 BTC •% Loss from coinme use = (Straight-Actual) / Straight * 100 (1267-1017) / 1267 * 100 •% Loss from coinme use = 19.73%

AllCapNoBrake

I guess one way is you could buy your own BTC ATM...buy btc via venmo, cashapp, etc. Transfer that BTC to your BTC ATM, then send the BTC from that ATM to your new wallet that hasn't touched an exchange. I'm sure there's easier ways.

coinfeeds-bot

tldr; Hackers have leaked the source code of El Salvador's state-operated Bitcoin wallet, Chivo, on a hacking forum. The hacker group CiberInteligenciaSV released the code and VPN credentials, which are part of the Chivo Wallet ATM network. This incident follows the exposure of personal data of nearly the entire adult population of El Salvador earlier in April. The government has not yet responded to the hack. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

pimptee

Hey u/emmerScreen, We are glad that you like our new branding! Regarding your two questions: 1. ATM since CLAMM is based on top of UniswapV3 it incorporates the idea of SSOVs which were designed to be offer yield from premiums and staking on different protocols, we are currently working on adding longer timeframes for expirations on CLAMM. You should expect to see them very soon. 2. You got it right, its like deploying a new LP pair on a DEX, the only additional step required would be to provide an oracle for volatility to price the options (which in a new market can potentially be priced via Realized Volatility which is rather simple to setup). The basic requirements would be having a UniV3 or UniV3 fork pool, the oracle for volatility and pretty much the option market would be ready to be deployed. The future looks SYK indeed 🫡

1one1one

If that's the truth though, ATM it *trust me bro* that's how we spend it!

witherblock_stryke

1. ATM since CLAMM is based on top of UniswapV3 it incorporates the idea of SSOVs which were designed to be offer yield from premiums and staking on different protocols, we are currently working on adding longer timeframes for expirations on CLAMM. You should expect to see them very soon. 2. You got it right, its like deploying a new LP pair on a DEX, the only additional step required would be to provide an oracle for volatility to price the options (which in a new market can potentially be priced via Realized Volatility which is rather simple to setup). The basic requirements would be having a UniV3 or UniV3 fork pool, the oracle for volatility and pretty much the option market would be ready to be deployed.

trungngo7799

Can you provide examples of scenarios where options contracts are considered in the money (ITM), at the money (ATM), and out of the money (OTM)?

ZealousidealMonk1728

Lots of banks don't even have an ATM network. The ones that do have an ATM network have other fees or suck in other ways.

AvengerDr

>Depends on the countries and your bank but they are usually around 5 USD but can also be significantly more if you are abroad. You pay 5 USD per withdrawal? Wow that's a lot. In Europe it also depends on your bank. But typically if you use your bank's ATM network they are either free or you have a max number of free withdrawals per month in the Eurozone. But also you don't really need to use cash here anymore.

ZealousidealMonk1728

ATM fees are higher than Bitcoin transaction fees 95% of the time. Depends on the countries and your bank but they are usually around 5 USD but can also be significantly more if you are abroad. I also never said Bitcoin can replace traditional banking in its current state. Why do you claim I ever said that?

Ilovekittens345

That cost mainnet fees. Would you withdraw a 100 dollars from an ATM if that cost you 10?

ZealousidealMonk1728

Simply send a part of your salary to your LN wallet every now and then? Just like you would withdraw cash from an ATM every now and then to pay for small things.

AndiArbyte

pay out to a cryptowallet and go to a crypto ATM maybe?

MichaelSjoeberg

>You can get local fiat from an ATM but, almost everyone accepts credit cards. this is only true for small amounts of cash for pizza and such

The_best_1234

>"Credit card denied. I got a better one, the ATM eats your card. >You will be approved for a new card in 3-5 business days" It took a month to mail my new card to me.

The_best_1234

>a global person has to interact with monetary geo-fiat barriers. You can get local fiat from an ATM but, almost everyone accepts credit cards.

rambumriott

It costs $0 to open a BTC account. No questions asked, just click a button. In those 1-3 days, the real loan sharks at the bank are generating 20% interest on your money. Network fees are a reflection of what it costs to be decentralized, it’s still worth it in end. It’s Like if you want to pull out cash, the ATM fee sucks but it’s the same price as driving to your bank and withdrawing for free.

jasongw

Network fees aren't the problem per SE. HIGH network fees, however, are. It shouldn't cost $40 to move $60. That's an epic scale of inefficiency, and it needs to be permanently resolved for crypto to have a real chance at global scale adoption. BTC needs a fee cap, and it needs to be cheaper than an ATM fee.

CDickens61

Doesn't this show how good the price is ATM tho? No stupid money in yet still got big gains?!

tldrthestoryofmylife

Lot to unpack here >Interest rate changes doesn't effect the rate on current debt The "current" debt, i.e., that which is already issued, was mostly issued 10-30 years ago and is set to mature as the Boomers all start retiring... >debt is maturing all the time so it just averages out Doesn't change the demographic reality of the Boomers, the largest generation by population in recent memory, are all retiring and gonna be tapping into their Treasury-backed 401Ks. >the gov usually just pays debt off by issuing another to replace it Exactly. The Treasury has nothing to pay it all back with, as they spent all their money on hookers and blow for Hunter and JPow, so they're looking for someone to roll over onto. Thing is, bond prices go down due to higher Fed rates, which means the Treasury will need to issue *more* bonds at *higher* rates and *shorter* durations to cover their existing obligations. This is inflationary b/c government debt is intrinsically a state-backed promise to create money out of thin air. It follows that cheaper debt, higher interest rates, and shorter durations (i.e., all the characteristics of a junk bond) all mean *more* money created out of thin air *faster*. The debt won't be due back immediately, sure, but the markets are forward-looking, aren't they? > it also reduces overall lending which is disinflationary This is \[historical\] correlation, not causation. Reducing \[private\] lending, i.e., lending by individuals and private corps, is just bad for the banks (b/c that's their source of income), which means they're insolvent too and will soon need some free money from the state (if they don't already). Bailouts are inflationary for obvious reasons. >raising rates only moves inflation to the future This is what I've been saying all along. The disconnect b/w us is that you're thinking we'll be able to push inflation off for another 30-50 years like we did last time. However, like I said above, more bonds, higher interest rates, and shorter durations all mean that **we can't even afford to buy** ***time****.* Inflation is gonna get a lot worse a lot faster one way or the other, and there's no person or organization (not even the state itself) that can unilaterally stop or even meaningfully delay that. >its a bridge until some other solution can fix inflation like technological boom to increase abundance of goods/services, or fiscal reform *Now* you're saying the quiet part out loud. We're all hoping to be saved by the AI boom or by some New World Order. I'm not too hopeful on AI b/c the state is cracking down on AI as hard as they can right now. This just means that the tech industry will get crippled like finance, healthcare, energy, and pharma all did due to state regulations, so AI won't be able to save us for the same reasons that advancements in energy or pharma won't be able to. Similarly, I'd be a lot more hopeful about a New World Order if I wasn't so worried about getting mowed down by Russian and Chinese drones in WW3. A world order requires collaboration in order to formulate, and the countries of the world don't look too excited about collaboration ATM. >Its also true that as lending/credit becomes smaller proportionately to government money, the disinflationary effect of raising rates is less and less effective You're observing all the right effects, but you're acting as if this is all gonna happen at some point so far off into the future that it's not worth worrying about right now. I'm saying it's happening already, and it's been happening for years now under all our noses. **TL;DR:** From reading your comments, you're clearly a well-informed guy who's noticing all the right things. The only disconnect b/w us is that I think, just like some people in this sub are high on copium about ICP or ALGO, that **you're high on copium about the West**. You're seeing all the right things; seems you're just having a hard time accepting them. or else you'd agree about exactly how fucked we all are.

TechnicianNew2321

Heard about in some online forums, I think oddly enough it was a muai Thai (kickboxing forum) in like 2009-2010. I may have mined or even accessed the free tap, but those windows vista computers were wiped and destroyed, so no chance of getting them now. I had another opportunity to buy/ was reminded about it when it was about 100$ in 2013 from the first bitcoin ATM I saw at a wedding hall. I was underage and my father was thinking about gambling on it. However, we didn't end up buying. Later in life, early 2015 I had some money saved from working and wanted to start a business. I was reminded about bitcoin and mining. When i looked into both etherum and bitcoin mining, but ultimately didn't (I don't think it was profitable at the time either). 2019 I had just began university (as an adult student) and began to get very interested in cryptography. I began building block chain tech in Java. I talked to a professor who mined etherum in the past and claimed it he didn't think it would ever be profitable again. He even did a first year course lesson about mining. I bought 100$ worth of ETH (to play around with smart contracts) and 20$ worth of bitcoin (just to try it out) and sold it all when it spiked in early 2020. Anyway, I'm sharing all this because it's interesting how many times I rediscovered bitcoin through different channels.  To this day I still don't own bitcoin.

NaturalBlacksmith416

Yeah, we sure did. When virtual money will become a real thing its going to be very very sad times for us…… Here in The Netherlands its already starting with the disapperance of ATM’s and Bank offices..

Altruistic_Luck_8063

Tested (YouTube channel) went to a bar to use the first ATM, they complained they had to spend $100 as minimum buy in was a whole bitcoin lol It was too complicated so I never bothered getting any 😭 I'm not traumatized.....honest

wadester007

Yeah you might want to get a lawyer because I was telling my mom that if something happened to me just go get the money off my card just take it to the ATM and cash out and she said she could get in trouble for that

coinfeeds-bot

tldr; Canada will introduce new reporting requirements for cryptoasset firms by 2027 as part of the Crypto-Asset Reporting Framework (CARF), agreed by the OECD in 2022. This initiative, mandated by the G20 in 2021, aims to facilitate the automatic exchange of tax-relevant information on cryptoassets. The Canada Revenue Agency will receive funding to implement and administer these requirements, which will affect crypto exchanges, brokers, and ATM operators, detailing all transactions involving crypto and fiat currencies. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Digital_Scarcity

Repeating my comment from another thread: Even if you're not this naive I'm going to write it as such for the benefit of others who may be. Go to app store, install Kraken pro. It takes 15 minutes to onboard. Search in "Markets" tab for BTC/(your fiat) pair. If it's supported, fund Kraken via bank tx. Under portfolio tab press deposit, select fiat currency. It'll then spit out deposit address to copy to your bank app. Buy BTC pair via markets tab make a limit order or other to your liking. Test with 0.0001 buys first IMO (the smallest amount you can buy) Trade fee is 0.25%. Free withdraw via lightning network. People use wallets like Strike to receive the lightning tx from Kraken, then send to cold storage for free. Research cold storage. Get something like a Jade or Cold Card + steel keys to start. You may want to look into multi sig too but it's lower priority than the above. Edit: I forgot that Swan have a promo ATM - first $10k USD BTC buys no fees. And they always have free withdraws, but 1% trade fee after the $10k.

MakeLimeade

Did any of you even watch the video? Clickbait title that doesn't reflect the reality. The money is in the ATM, they're saving money by not using tellers to distribute cash. Has nothing to do with lack of money and everything to do with saving money. If she had her ATM card she'd be fine. This is a story of corporate greed, not banks losing customers' money.

woodyb2112

I believe you can use a bitcoin ATM to turn cash into BTC and deposit it into a wallet with no KYC. Granted I’ve never used one so I’m not certain on that but it’s definitely something I think you should look into. When I was a minor I used P2P with some adult friends to get coin.

Budo00

Just a suggestion to not ask strangers online to help you. Can’t you link up with your local bitcoin ATM & get the app for your smart phone? Then deposit cash for bitcoin. Have you no help from parents, family members or older siblings? Funny that I was thinking how when I was under 21, i got offered credit cards. We’d ask adults to get us booze and smokes.. complete waste of time and money. I don’t see anything wrong with trying to accumulate bitcoin as soon as possible. Not sure how you will. Come to think of it, there must be lots of teens that do jobs like baby sitting or mowing lawns and traditionally we got paid in cash. Thats amazing to think you might get paid in bitcoin some day soon.

docdose411

You get over it by sharing it In hopes it helps someone else’s avoided the same situation. Bottom line if you wouldn’t give your ATM card and pin to another person same concept with your passphrase. It will linger for a few days but you will be 10x more mindful going forward!

19YoJimbo93

Weird celestial events like… going to the moon? We’re being pulled back in the slingshot ATM getting ready to shoot us up!

BoneSaws-Ready

People, this is not a shortage issue, the bank had her money, it’s just they want people to use the ATM for withdrawals. My credit union has done this for years. She just forgot her ATM card. At my credit union they will just print you a new one.

Puzzled_Entry_3555

3K you could get from an ATM. That's nothing.

marblemorning

"You should have sent the lady to go to the ATM to get money to give to you" *everybody laughs* God I hate this fucking show so much

one_way_ticketz

The first Bitcoin ATM was in 2013.

bleakj

How much do you make from it on say a monthly basis? What are the specs needed? I remember I tried to run a File coin node when it was new, but ended up giving up because I kept hearing horror stories about how it destroyed drives fast / the storage to be profitable was nuts at the time (I've got around 200tb of storage on a server, but like 80tb is used ATM, but I dunno how much is actually needed for a node ATM)

BrianS911

It's pretty much over for no KYC ATM in the US another fact of life.

Connect-foxystoatuk

I off ramp using my Zypto visa card, spending and drawing cash from ATM if needed.

Skyobliwind

Well for me it's like 60%. ATM definitly there could've been better choices, but also worse. I don't need the money in the nearer future, will wait what happens and stake for that time.

Ryan_D_Lion

Would you be able to use your bank, ATM, internet, or phone if the grid goes down?

OkCompute5378

The exact same problem arises with money in the bank, if there’s no power, there’s no working ATM’s and banks don’t keep physical track records of people’s balance sheets.

Zeer0Fox

Good luck using your credit card, Apple Pay, or ATM if the grid goes down. Many cash registers won’t even open. People don’t realize that most of their fiat doesn’t actually exist.

quellflynn

aren't we still ath ATM?

Cocopudilent

Alllso, while im thinking about it. I tried the ATM route, but never deposited. I was hoping to purchase a stable coin, but at my local Byte ATM they don’t offer it… they only offer the big boy cryptos… to me defeats the purpose. I want to be able to purchase bitcoin with my USDT when I want to. Not when I put money in… Plus I trade and do futures when I’m on vacation using USDT… not BTC… Hope that makes sense.

Substantial_Tip_2634

I'm at 99.5% btc exposure living payslip to payslip ATM and I love it. Pay goes in bank within 1 hour literally the whole thing comes out and goes to btc, I fucking love it

BrianS911

Gotta reset the options game along with all the Lev don't worry soon enough shorts will get trashed,depends on what time frame you are using for your triangle ATM. Wouldn't be surprised if we pop tonight after the ETFs close out. Gotta thank all the tea Fi whores for this one f you Gbtc!!

Nikkio077

Honestly,at least in Italy,I've never seen an ATM charging more than 2$ (actually 2€,so 2.4$)

nutyourself

He said: > Could you imagine any other institution trying to charge you $7 to use your money And I showed an example of this. His response was to then comment on the nature of ATM fees. While I agree that they are predatory, it is unrelated to the point being discussed, which was that Ethereum isn't the only place where you are charged "to use your own money". I hope things brings you some clarity

Ok-Jump-2660

Unlike in crypto, some banks actually waive ATM fees. Charles Schwab is one example.

BlackhatEspeed

It was the summer of 2017, I visited the ATM every night on camera at every US Bank on Interstate 75 never obeying the speed limit FAFO

Minute_Disk9857

I mean, that's really no different than if there is no halving. A company/person accumulating btc, do they sell a little now while the price is near ATM, or do they wait to see if it goes higher? You sell when you need to pay bills, and you hodl when if you believe the price will rise in the future. I do think it is impossible to separate was is priced in and what's not. As for your choice A. I think we all kind of have to just wait for that moment.

jskol3

Understood, all. Thanks for the explanation, however isn’t that still more expensive than going to ATM to take out cash? (Cc fee most of the time is charged back to seller). Trying to reason that this is a positive catalyst for Bitcoin.

Prestigious_Long777

Meanwhile Antwerp removed all their BTC ATM’s because the major of Antwerp (bart de wever) didn’t want them in “his city”…

bbiittccooiinn

It says on the silver plaque >ATM OPERATOR THE SHITCOIN.CLUB

bilemarine

US + fiat withdrawals: [https://cexfinder.com/country/united-states/?filter=fiat-withdrawal](https://cexfinder.com/country/united-states/?filter=fiat-withdrawal) Or US + bank card for ATM withdrawals: [https://cexfinder.com/country/united-states/?filter=debit-cards](https://cexfinder.com/country/united-states/?filter=debit-cards) Should work.

Popular_Koala4908

I was thinking how interesting it would be to be traveling. Deposit Euros to BTC, fly back to let’s say the US for example, then go to a BTC ATM and pull out USD instead of using a currency exchange but then I saw comments about the fees. But how cool would that be?

sweetsimplesauce

The fee is actually 3.8% at this time. This is a Bitcoin ATM in Spain that is operated by Shitcoins Club. Shitcoins Club actually charges a low fee compared to most Bitcoin ATMs. All of the Bitcoin ATMs in Spain that are operated by Shitcoins Club currently charge a fee of 3.8% to buy bitcoin.

melter24

Good option, but i am not in a country with BTC ATM. Thanks anyway!

DrunknSatoshi

Deutsche Bank customers also still print out their monthly bank statements on an ATM like machine

arc_is_on5198

If you have cash and a BTC ATM machine, wouldn´t that circle around the bank? Sure the bank has the withdrawal history but that would be it. I´ve never used a BTC ATM and always use exchanges. I´ve read they have significantly higher prices but I´ve thought about it for a big purchase over bank limits.

Open-Gazelle1767

I went to the bank today. I walked in. The place was empty except for a couple employees, but there were couches, chairs and a Keurig machine with a sign telling me to have a cup of coffee. A smiling young woman said, "Good morning." I filled out a deposit slip and walked up to her counter. She said, "How may I help you?" I said, "I'd like to deposit these checks." She did that and asked me if there was anything else she could help me with, then told me to have a nice day. Normally, I would have just gone to the drive-thru ATM, but I didn't have a pen in my purse and couldn't endorse the checks so I had to go inside. This was a small community bank I recently moved my accounts to, but my biggest complaint about banking with Chase was the forced and over exuberant friendliness. I don't want 15 people yelling hello and asking me how I am and offering to help me every time I walk in the door. Where do you bank? It sounds unpleasant.

Plenty-Attitude-7821

Just that that is not the same as ATM fee. It's more like withdrawing from foreign ATM in different currency than your card.

Crappyhodler

Customary on the BTC ATM industry. They never charge less than that. Some people are just happy to pay that price premium for getting KYC free BTC.

pezdal

That’s a fair point. (But the source address is equally likely to be the hot wallet of an exchange or another addy outside the control of victim). I can assure you no ATM vendor is making its customers type out BTC addresses.

cpt_charisma

What band lets you take $800 out of an ATM? Serious question. I haven't been able to get my limit raised sine the 90s.

iwanttoendmylife22

there was a qr code. but im not really sure how this would be a security measure. if someone snipes a picture of the qr code, the only thing they can do is send the ATM operator more btc for no reason. they cant take my btc or anything

iwanttoendmylife22

the banks were closed tho, how would I access this? Also I don't really understand the difference between what youre describing and a normal ATM? But ATMs don't charge 10% they charge like $3.50 per usage from my experience

iwanttoendmylife22

How is this customary? Every time I've withdrawn a similar fee from a vanilla ATM it costs me like $3.50. It took about 5 minutes to confirm