Coinstar

J

JillyQM

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Apr 25, 2016
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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?
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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.
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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
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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

 
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  4. 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.
  5. 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"?
  6. 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.
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  9. S @ sawganaut: I bet btc bottom is in
  10. D @ dragnetopher: No, I don’t think it. I know it. And it’s not just bitcoin, it’s all crypto. And like I said, they’re selling to acquire liquidity for when countries truly start utilizing what’s been set in place. The USD is under controlled demolition as we speak. This is all part of it.
  11. xenxra @ xenxra: there is no shortage of whales - https://tikolu.net/i/fmnru.png
  12. xenxra @ xenxra: tokenisation is not a plan its already been happening for months, ive been trading this whole move on silver through ethereum
  13. xenxra @ xenxra: you think whales are dumping bitcoin because of something everyone has known about for like 4 years? what does bitcoin liquidity have to do with trading tokenized assets? they don't have pooled liquidity.
  14. D @ dragnetopher: Whales are tanking BTC due to the fact that the future is coming now, literally. There’s a plan to tokenize every single asset possible. This is whales dumping so they can have liquidity for the Springtime.
  15. xenxra @ xenxra: @Gulp2788 this is a terrible spot to buy bitcoin haphazardly because it's going down another $5k -$7k if 80,000 doesn't hold. i told everyone to get the fuck out of bitcoin at $103k. it's better to buy late when the bottom is more certain than throw darts and act like the opposite outcome was unavoidable just because it went down "a lot" and everyone seems to be "freaking out". wait for it to get back over 85k
  16. xenxra @ xenxra: @aarons the last time i said monero was on discount in here it went up 5x in 3 months
  17. Gulp2788 @ Gulp2788: good opportunity to buy more btc if you are gonna do so imo, me I'm buying the btc to switch into better currencies
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  19. fishladder @ fishladder: down since trump
  20. Gulp2788 @ Gulp2788: btc has been hovering around 90k for a year everyone is freaking out tbh I am laughing
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