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1  Bitcoin / Bitcoin Discussion / Re: Have you, or would you ever use a Bitcoin ATM? on: April 05, 2022, 05:56:05 PM
I've seen them pop up all around me, in small convenience stores and even restaurants. I was wondering if it's a good option to buy a gift for someone else, or are the fees too high and it's not worth it? Also I'm not sure how it works but figuring they give you a private key, and how safe is that?
Are you sure bitcoin atm is the one your talking about? Because, I think it isn't. I think bitcoin atm doesn't work like that, they won't give you a private key but they will only dispense money. You might be referring to the btc gift cards. They are the one's that give you a private key so that someone can use the btc later on.

It is trusted as long as the brand or the store your buying is also trusted but if you experience any problem like if the coins are top upped already, you can always go back to the store or call the brand supplier directly to complain and ask for a  replacement. Pretty sure they will replace it or refund you, if they are honest. For a btc atm, someone says that their fees are high. When you use it make sure your going to convert higher amounts.

I realize I was just guessing that it way the works...spend money, get actual bitcoin, which would be a paper wallet, or maybe a qr code with a private key. I didn't realize that's not how it works. I mean it would make sense for me, that you can actually buy the value. However it seems it would just transfer the BTC to one of your accounts that are previously set up. In which case you can't really gift that to anyone. If I could print out a private key I would be able to gift that to someone, sort of like a paper wallet, which is just as good as the bitcoin itself, and would make a great gift if the fees weren't crazy high.
2  Bitcoin / Bitcoin Discussion / Re: Have you, or would you ever use a Bitcoin ATM? on: April 05, 2022, 05:41:50 PM

It gives you the money depending on the official currency of the country where ATM is (like any other ATM machine), so in your case you will get dollars. I am from Croatia and I am getting our own currency ( Croatian kuna ) and next year we are getting euro so BTC ATMs will adjust accordingly.



Although it might seem like common sense, I never considered that would be possible. Since the exchanges I've used before ask for a lot of personal information for withdrawing to a bank (even just the bank info is a lot), getting cash from a BTC ATM is still blowing my mind!
3  Bitcoin / Bitcoin Discussion / Re: imagine a world without Bitcoin on: April 05, 2022, 05:27:20 PM
As I was reading this title ... I thought of Gal Gadot, singing  Tongue

It is interesting to think that because technology has accelerated so fast in the past couple of decades, something like bitcoin would have seemed futuristic or impossible in the 1970's and 1980's. That said, it is fairly easy to imagine a world of no Bitcoin if you can remember back 20+ years or more .
4  Bitcoin / Bitcoin Discussion / Re: Have you, or would you ever use a Bitcoin ATM? on: April 05, 2022, 05:17:53 PM
Your title says something and post saying something else that question related to the gift card. However, I haven't used Bitcoin ATM ever since Bitcoin is not legal in my jurisdiction. Even during live abroad hadn't used it since the situation was the same in my jurisdiction. It really depends on the jurisdiction where you are, and the availability of Bitcoin ATMs. No idea how Bitcoin gift card works, there shouldn't be pre-generated private keys anyway.

You are correct. I personally didn't think I would use a BTC ATM, unless it was for a quick (last minute) purchase as a gift to someone. In which case I assumed they would print out a paper wallet that has private keys. Hearing from other members, I was very far off on my assumptions, and that is probably not how it works.
5  Bitcoin / Bitcoin Discussion / Re: Have you, or would you ever use a Bitcoin ATM? on: April 05, 2022, 04:33:02 PM
I've seen them pop up all around me, in small convenience stores and even restaurants. I was wondering if it's a good option to buy a gift for someone else, or are the fees too high and it's not worth it? Also I'm not sure how it works but figuring they give you a private key, and how safe is that?

Found some similar threads in the past.


Personally, I have used one, but the fees is expensive as per discussions on the threads above. I'm not sure if this is viable as a gift though, you might want to look at Opendime: https://opendime.com/

Thank you for the link to those posts. I didn't expect that so many people have never even seen one IRL. I just took it for granted, like it would be a common thing. But most people writing in these threads have never seen one...and it makes me wonder about a few things now. Especially someone mentioning a camera would be recording (because someone mentioned it was "anonymous") ...it's certainly interesting to hear the experiences of people who have used one.
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Regarding opendime, that is an interesting option. At about $20 a device it would make sense on a 100+ gift, especially if they reuse it or re-gift it.
6  Bitcoin / Bitcoin Discussion / Re: Have you, or would you ever use a Bitcoin ATM? on: April 05, 2022, 04:15:28 PM
I have serious doubts about that number. The lowest ever BTC ATM fee I saw was 4% (same ATM now has 6.5% fee),

Ahh...ok even 1% may be a lot depending...

Procedure of selling BTC is simple as well: You choose the amount of BTC (in dollars, euros etc) you wanna sell ( usually its some round number like $100, $200, $500 etc) and when you chose the amount, QR code of the address where you have to send BTC appears on the screen of ATM. You take your mobile wallet, scan the code and send BTC. When you did that, ATM prints out a piece of paper on with QR code which you will scan on BTC ATM once transaction gets few confirmations (ATM I am usually using asks for 2 confirmations). If I am in a hurry I use higher fee to get it done asap, but usually I just go in a bar and have a beer while waiting for confirmation.

You didn't mention, does the ATM actually give you dollar or euro bills? That would be interesting...and maybe the "future" of banking... Actually my mind is kind of blown right now  Shocked
7  Economy / Service Discussion / Re: Which is the best platform to get clients as a web designer? on: April 05, 2022, 12:07:02 PM
I think that wherever you post your work/services, you might need to initially build a pretty large user base or following. That might be the first step, since an unknown or new user might just get looked over, or lost in the large amount of activity. Some people mentioned Fiverr and it is a good option since it is a competitive area, and people can find you easily, instead of the other way around.
8  Bitcoin / Bitcoin Discussion / Re: Have you, or would you ever use a Bitcoin ATM? on: April 05, 2022, 11:57:49 AM
From what I have read, at least half of the people who responded don't have access to an ATM. I am in the USA, and in a major city area (New York City area), and they are literally everywhere. I haven't ever used one because I thought it was pretty pointless, and seemed sleazy. I mean, if you know anything about bitcoin, why would you buy from an ATM, since it surely can't be less expensive. However I also read that one user mentioned that they only take a 1% or low fee. For this reason, it might be worth it.

I know I am speaking out of ignorance, but I thought the way it works is, you pay them for the bitcoin, and they give you a paper wallet. I figured you would only really use it if you knew nothing about bitcoin, and wanted to buy some, sort of like the gold bullion vending machines. Or buy it as a gift for someone else. I thought it was a good idea only to buy a last minute gift for someone, which might last longer than a small gadget/technology. I realize that I must sound spoiled being that I have access to this, and most people don't. I think it might be worth trying one out. However I don't understand the purpose of using one to buy bitcoin, if you need to provide a wallet, since at that point you must already know enough about BTC to have a wallet already.

One thing I did not consider is that you would be able to sell BTC for cash at these ATMs. That is fairly interesting, since any other way usually requires jumping through a lot of hoops. That makes me wonder how easy it would be. If it is as easy as it seems, and without providing personal information, then it would seem like a great idea, as long as they don't take too much as fees.

For the person that mentioned they saw an ATM being installed and the owner getting arrested a day later, that make me feel humbled that this freedom would be possible... and that this freedom can be taken away.

I appreciate everyone who posted a reply, and I did not mean to sound spoiled or privileged, I truthfully did not know that Bitcoin ATMs are a somewhat rare thing, or luxury. I am grateful for the honest feedback and insight this has given me.
9  Bitcoin / Bitcoin Discussion / Have you, or would you ever use a Bitcoin ATM? on: April 05, 2022, 01:51:23 AM
I've seen them pop up all around me, in small convenience stores and even restaurants. I was wondering if it's a good option to buy a gift for someone else, or are the fees too high and it's not worth it? Also I'm not sure how it works but figuring they give you a private key, and how safe is that?
10  Other / Meta / Re: Who has the highest IQ and who has the lowest IQ ? on: April 05, 2022, 01:45:22 AM
I miss the IQ score...maybe if there was a section of the forum that reveals this score, and you can still play, that would be an interesting activity aside from everything else.
11  Other / Off-topic / Re: How to forget her? on: April 05, 2022, 01:43:13 AM
I agree with the find a hobby comment. If you put your focus and attention into learning something you've wanted to learn, you will make yourself better. Even though it may feel like your life has been possibly destroyed, you can gain strength and find something and someone better. I always think that if they don't want to be with you, they are not the right one!
12  Other / Off-topic / Re: Coka-Cola Scam on: April 05, 2022, 01:39:47 AM
99% of the time when someone says you won something, it's most likely a scam.
13  Other / Off-topic / Re: Best present for a crypto trader's Birthday on: April 05, 2022, 01:37:36 AM
That is tricky! One option is to ask what they'd like, because sometimes surprises aren't always good surprises. Maybe there's something simple that will really make them happy. If that doesn't sound like a good idea, maybe a encyclopedia of physical bitcoin or something similar? I like the previous comment about literature as well.
14  Other / Off-topic / Re: Getting rid of ants on: April 05, 2022, 01:31:35 AM
I discovered a little trick, I had a similar situation like you. If you catch (scoop up) some of the ants that are far from the borax and dump them on there to walk around on it, them will get the smell/taste on them, and bring other ants there too. It's worth a try, let me know if it works for you.
15  Other / Off-topic / Re: thought experiment on: April 05, 2022, 01:29:09 AM
I am pretty sure most people would ask "Can you give me some BTC please? "   Grin
16  Other / Off-topic / Re: Is bitcoin dying? on: April 05, 2022, 01:28:01 AM
I doubt it, because when it runs out (reaches max supply) people will be paying more and holding more. Demand > Supply
17  Economy / Goods / Re: Solid Brass Epoxy filled Coasters on: April 04, 2022, 10:07:25 PM
These are phenomenal, what other metals can you make stuff from?
18  Economy / Goods / Re: Some Paintings! ❤️ Bitcoin and other Oil & Acrylic paintings! ❤️ on: April 04, 2022, 10:04:11 PM
That's some great work you got there - the cat and cosmic love are my favorite!
19  Economy / Goods / Re: Selling domain names buybitcoins.com & sellbitcoins.com on: April 04, 2022, 09:58:14 PM
Those are great names, did you try selling it on godaddy or afternic
20  Economy / Goods / Re: ✂Hand Made✂©5Ksana:Unique&Designer products, Gifts, Bags, Baby stuff&more on: April 04, 2022, 09:19:48 PM
I like your products and appreciate that you posted, especially the bitcoin coin statue that is pretty interesting!
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