$2,800 for a $2,550 Bitcoin??? $3,100 for a $ 2,800 Bitcoin???
Come on now. This is getting out of control. On top of that, we ( the customer of the machine) are the ones paying outrageous mining fees.
I'm in Las Vegas, Nevada. I do know that the machine prices are set by the owner of the machine. It's basically a giant hardwallet. I don't know what it's like anywhere else in the world regarding these machines and the fees set by the owners of them. But I do know that here in Las Vegas, it's a slap in the face.
I'm not Just talking about buying Bitcoin either. It's the same for selling. $220 seems to be the average markup/markdown on 1 BTC.
I have been building a small network of buyers and sellers. But sometimes I find myself needing to sell some BTC for Cash and can't wait around for a buyer. So I'm forced to use these machines. Reluctantly every time.
Let me know what you think about this issue and let me know if it's the same around the world.
It's so bad that my wife and I have been gathering funds and partners to start our own BTM service so we can charge half price or less to force these thieves out of town or to lower their own fees. We've done the math. The profit will be there even with a $50 dollar markup on every coin.
Anyways. I'm all ears.