Bitcoin ATM's

A

abadon

Member
SAPPHIRE SPONSOR
Joined
Sep 27, 2024
Messages
87
I did a search and didn't find much. What's your thoughts on bitcoin ATM's? Besides the % dedicated for the transaction.
 
Be wary of an ATM called Bitcoin depot. When you walk up to it their screen says 5% fee. However when I made a purchase, they charged me 29% of the purchase price as their "fee". They have many complaints against them on sites like Trust Pilot.
 
The fee advertisement is simply a marketing scheme in my opinion. If Bitcoin is currently at $71k, and you walk up to any and every btc atm I’ve ever used (which is a good amount) you’ll see that the price they are selling a Bitcoin for is probably over $80k, then you pay the 5%+\- on the $80k price. That’s where they get you my friend.

Now you may ask, why would an idiot such as me pay $80k+ for Bitcoin and a fee on top that, when they could go to an exchange online such as Coinbase and purchase it for around $70k? I only have one real answer for you, but I’m sure there are more. Anonymity.

There better options probably, but convenience plays a big roll in it also. It also doesn’t have to be the type of anonymity one needs to hide it from their perverted uncle Samual, could just be they are too lazy to open their own bank account and don’t want their spouse noticing where all that tip money they earn at work goes. Seriously though, other than those two reasons, I have no freaking idea why anyone else would use a crypto atm. The only other time I’ve seen someone at the btc atm was a poor little old lady on the phone and you could tell by her side of the conversation that she was on the phone with a scammer who was explaining to her how to send them $. Cruel world out there.

Would love to hear others opinions on why people choose to pay so much for using an atm as well.
 
Yes, anonymity is what I was looking for. You only find out about the 29% fee after you check your wallet. The other ATM's I have used charge 13%.
Coinbase wants you to upload your driver's license up to the internet. That's a good way to get burned by identity theft.
I recently joined up on a stock trading site called Tasty Trade. They have no charge for buying Bitcoin. They expect you to trade it on their site. I have not been able to find out if they allow you to transfer it to your personal wallet.
 
health4me said:
Yes, anonymity is what I was looking for. You only find out about the 29% fee after you check your wallet. The other ATM's I have used charge 13%.
Coinbase wants you to upload your driver's license up to the internet. That's a good way to get burned by identity theft.
I recently joined up on a stock trading site called Tasty Trade. They have no charge for buying Bitcoin. They expect you to trade it on their site. I have not been able to find out if they allow you to transfer it to your personal wallet.
Click to expand...
Bisq sounds similar but still reading about it. Don't mind an ATM with SMS Only but don't like the ID requirements on some.
 
You must log in or register to reply here.
Drugbuyersguide Shoutbox
  1. G @ gfunkster: @Stims King you are one smooth operator! I see you! Your post are hilarious and sometimes exactly what is needed. I know its work but sometimes a grumpy vendor isnt a good look. Thats why the @iamgroot or @CalFresh of the world are beloved!!!
  2. QuantumMatrix @ QuantumMatrix: Does anyone here use Dread? Or mostly people who couldn't be bothered with TOR and markets?
  3. The Doctor RC @ The Doctor RC: I need the most solid RC Benz snd real Benz guy in the US
  4. Strawhat7 @ Strawhat7: Whatever happened to Alfapharm? One day I got on here and lo and behold it was like their thread had disappeared and like they never existed?!
  5. Stims King @ Stims King: @gfunkster This community missed you like a package misses its tracking number.
  6. G @ gfunkster: Its been awhile for me and i just wanted to send some updated love to illest community that i am proud to be part of!
  7. hiTillidie @ hiTillidie: LOVE THIS PLACE!!everyone have a great night.Fuc*ing love it! Tis the goat
  8. M @ Mammasboi123: @Bt1234 If you go to the thread or DM where you sent the message, you can click the “Report” button on the bottom left corner of the msg and put your reason for reporting it. Just say you want to erase it. Admin and Gracie are both very quick about taking care of reported issues.
  9. B @ Bt1234: Can an admin contact me? I’d like to erase a post
  10. S @ skinnydude30: Who's your guys fav for legit kpins and xans
  11. F @ fentakneel: @alxvrd is the guy for the farma
  12. G @ gigiwink143: I sent you a pm on pharmapram
  13. G @ gigiwink143: @The Doctor RC
  14. C @ Clash283: @Dr-Octagon I heard that bro head down and clean even that lint out dem pockets
  15. The Doctor RC @ The Doctor RC: Well that shoutout accomplished nothing. Try again later maybe a post.
  16. The Doctor RC @ The Doctor RC: @Dr-Octagon, yeah but dude when your so used to something snd then you get it taken away. Bromaz doesn’t do it for anymore. I’d even be willing to pay like 15-20 percent over what they used to be.
  17. S @ Soameguy12: Can anyone vouch for chem thug 007 us—>us
  18. Dr-Octagon @ Dr-Octagon: Yall have a good'n DBG
  19. Dr-Octagon @ Dr-Octagon: @The Doctor RC, check my recent post. Its harder these days down south. I used to fck w em a lot but its too risky and keep in mind, current govt b.s. keep ur pocket clean and your head down
  20. The Doctor RC @ The Doctor RC: I need a LEGIT vetted vendor for farmapram that isn’t charging ridiculous prices if anyone can help dm me
Back
Top