Coinstar

J

JillyQM

Member
Joined
Apr 25, 2016
Messages
94
Has anyone used the Coinstar machines that say they handle bitcoin transactions? Will they work for donating to the forum?

 
JillyQM said:
Has anyone used the Coinstar machines that say they handle bitcoin transactions? Will they work for donating to the forum?
Click to expand...
Like they say they will pay you out in bitcoin for your spare coins? Does it say if it takes a fee? That is interesting, I knew you could avoid their fees by getting gift cards and stuff but hadn't heard that they would pay in bitcoin.

 
JeffRX said:
Does it say if it takes a fee? That is interesting, I knew you could avoid their fees by getting gift cards and stuff but hadn't heard that they would pay in bitcoin.
Click to expand...
i'm not sure if there's a fee, but they won't take your spare coins. You have to feed paper money into the machine. I don't think they even take credit or debit cards, though I don't know for certain. i will know the answer very soon

 
JillyQM said:
i'm not sure if there's a fee, but they won't take your spare coins. You have to feed paper money into the machine. I don't think they even take credit or debit cards, though I don't know for certain. i will know the answer very soon
Click to expand...
Ahh, gotcha. I thought I finally found something to do with all of my spare change 😂

 
Hello JillyQM, and all Bitcoiniacs out there. I have used the fabulous COINSTAR machines many times. Yes they do require a fee for all transactions. Coinstar’s fee is currently set at 11.9 percent of the value of the cash you’re exchanging. That’s nearly $12 for every $100 in cash you feed to the machine. You’d have to guess how much change you have accumulated to calculate the Coinstar fee. If you think you have $500, for example, you’d need to hand over $55, leaving you with $445.

Only paper money is accepted in coinstar machines, and absolutely NO plastic cards of any kind are able to be used. So come to the machine with a pocket full of CASH! Hell, at this rate soon enough you will need a wheel barrow to carry all the cash you'll need to buy just 1 BTC!

 
All I really need from Bitcoin is a way to donate to this site, so it works for me. Once each year or so I'll have to hand over to them a bit of my hard-earned cash.

 
I use Coinstar & it's super easy which for me is saying something.  They do take a fee for me it's usually around $10 for a few hundred in BTC.  Then you just take the receipt & redeem it at Coinme your wallet.  Then you can send anywhere!  

But they just re-vamped their website so now I have to get back into the groove. LOL

 
You must log in or register to reply here.
Drugbuyersguide Shoutbox
  1. Realbenzeyes @ Realbenzeyes: *need
  2. Realbenzeyes @ Realbenzeyes: Damn I been to check that out lol
  3. L @ Layne_Cobain: Never heard of one of those but will check it out bro 👍
  4. Y @ Yaugae5121: Highly highly recommend!!
  5. Y @ Yaugae5121: Just a heads up too: I don’t know it yall ever heard of the vseebox but I got a V6 Plus a few months back and it is so damn sick. Every show, every sporting event, it has everything.
  6. Y @ Yaugae5121: The best show ever IMO!!
  7. L @ Layne_Cobain: Oh indeed
  8. L @ Layne_Cobain: I WANT MY MOTHAFKN CORNERS
  9. Gulp2788 @ Gulp2788: dibiditybawkwak wackadackaback woohoo
  10. Gulp2788 @ Gulp2788: @rhodium You too bro!!
  11. R @ rhodium: evening all have a good week ahead
  12. MochaJoe @ MochaJoe: To delete a DM select the ones you want to delete.. then at the bottom of screen, where it says choose action, pick "Leave Direct Messages". and hit Go
  13. tiquanunderwood @ tiquanunderwood: Upping sponsorship I guess?
  14. tiquanunderwood @ tiquanunderwood: Is there a way to delete mailbox messages?
  15. N @ nickelz34: Ty
  16. Gulp2788 @ Gulp2788: @nickelz34 message the admin or gracie
  17. N @ nickelz34: I am an opal sponsor where do I find the password for the pass protected section ?
  18. Gulp2788 @ Gulp2788: whereas if I use fiat to buy something the money is green anyway. Monero does this really well. Anyway rant over, you can DM me if you'd like to talk more about cryptos.
  19. Gulp2788 @ Gulp2788: I don't really think that people understand the whole point of cryptos in the first place anymore. BTC just won't be adopted by governments because the transactions are too public and what's worse, money that is freshly minted is better than money that has been used. Like if my btc was used for something that was illegal does that mean the money is "poisoned"?
  20. Gulp2788 @ Gulp2788: @xenxra Yeah, Like I said I've never really been that fond of btc, it isn't used as a currency, just as a place for people to invest money in, even though the whole purpose of btc was to be a currency. If it doesn't fulfill that role, what does? Monero certainly does.
Back
Top