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I can re-ship one for you, but I'm not sure about the custom duties and all that you'd have to pay.
OnePlus 5 costs around $500 - $590, I think.
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Bitcoin does not literally needs an ATM. However, having an ATM for Bitcoin would give convenience for its users. Just like banks across the world, do they need an ATM? No. ATMs are just made for convenience of the users and not to cope with their needs. That alone shall answer your concern, simple and without any complexities.
Exactly. Bitcoin ATMs are only needed for convenience of the users, so that they can convert Bitcoins to Cash whenever they want, instantly. |
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.033 if its not
Winning Bid. This bid by Wheelz1200 was made within 15 mins of the bid made by hephaist0s.
Thank you for your bids.  |
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Not advisable: Because of FEMA and what @kabit9 said: advisable to buy from indian exchanges if you are indian as investment has to be shown in books for tax.
you can also buy upto 250,000$ per year from foreign exchange, then fall under FEMA and more paperwork and headache involved. better pay 15% premium in India, unless amount is huge!
Advisable: Because of the premium on Bitcoin here. |
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0.024
Current high bid, less than 24 hours to go.
They are valued at over 0.076 BTC (Excluding shipping and the redeemed 25k coin) on the BTCC store, atm. |
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Well, I stick to my opinion , change it.
Cause if there is an increase in btc demand it means the exchange is flooded with fiat so they should be paying easily.
Also I tend to stay away from exchanges that claim delays are because of volume.
It's the first sign you;re dealing with amateurs and your funds are at risk.
I agree, the exchange is flooded with fiat, but that is not what the problem is. The problem is that they aren't able to keep-up with the rising demand. This is something that they are working on improving. In whole thread i found your point is valid . Who will take care about ATM machine expenses ??. Here is my suggestion there is lots of exchange wallet in each country they can maintain machine if they are having proper plan and then they can charge small amount for transaction.
Cost of maintaining and purchasing the ATM machine is not a responsibility of the consumers. In my opinion do not need an ATM, the cost to buy a machine and ATM care is very expensive, who will pay it? Even if it exists only in some special places, it is unlikely that bitcoin ATMs exist in every village, so bitcoin ATMs should not be a top priority
The cost of buying and maintaining the BTM is not a concern for the consumer. It's the responsibility of the Bitcoin company/ATM operator that installs the ATM. (That is what they charge the fee for). |
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You need to change your price, mate.
I just bought an Alienware 13 for less than 0.35BTC
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I arbitrage can be apply in India trading platforms because of the high premium it gives. But the problem arises if those using arbitrage can withdraw their money in those Indian Exchangers. Or they require more documents to verify your account?
All Indian exchangers have strict KYC requirements and require an Indian bank account to transfer the fiat to. The price hasnt got less in India as far as my friends are telling, people thought the price is gonna fall and will be great opportunity to invest in BTC. Zebpay is using this situation for themselves, the price is around 2850$+ now and it holding that place from 2 days now.
Yes, the price of 1 BTC here is still around $2840. |
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0.023BTC
Current high bid, with a little over 3 days to go. |
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Change you exchanger.
I've never used one that takes ore than 24 hours for the cash to enter my account.
I'm going to to name it but one of the major ones is paying even faster than that during weekdays if you work with some banks.
And I'm not going to pay a 15% fee to a damn vending machine.
I'm based in India, and there is a delay in payment here these days, due to the increase in demand. I agree, the fees that Bitcoin ATMs charge are ridiculous.. It needs to drop down to 1-2%. |
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I appreciate this viewpoint that coinbase/bitpay are both powerful corporates who are taking cut. Which makes me question..how can a merchant accept bitcoin for free (no charge to anyone)? What is missing?
The cheapest way to accept Bitcoin would be this one: Otherwise, create a wallet and print out a QR code to accept Bitcoins at your store. The only expense would be the tx fee that the customer would have to pay. And as @Carltonbanks said: Bear in mind that all the staff need to be trained to know how to: - Check whether the customer's transaction fees are sufficient
- Check whether the customer's transaction has been sent with RBF option exercised
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This auction includes the following BTCC Bitcoin Poker Chips: - 1x 25K Bits Poker Chip (Redeemed, with hologram)
- 1x 10K Bits Poker Chip
- 1x 5K Bits Poker Chip
- 3x 1K Bits Poker Chips
Loaded Value: 0.018 BTC
Starting Bid: 0.02 BTC Minimum Increments: 0.001 BTCEnd date: Tuesday, June 20th, 2017 at 23:00 IST (Indian Standard Time) You can visit this link to view the countdown: https://www.timeanddate.com/countdown/taxday?iso=20170620T23&p0=176&msg=BTCC+Chips+Auction&font=cursiveShipping: Please add 0.001 BTC to your bid for worldwide shipping. Forum Downtime: If there is any elongated period of downtime in the last day of the auction, I reserve the right to extend the auction an amount of time equivalent to the downtime. Sniping: Any bid made in last 15 minutes will extend the auction 15 minutes beyond end time until no new bids are made. Escrow: Escrow is available through a mutual agreed person. Payment: 1GfJ1kSYQefm7pcsG9AnAhvTHSDAxeuq1i |
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Hey Ray_Ray, BitPay's pretty useful if you don't mind paying the 1% fee that they charge. Otherwise, create a wallet and print out a QR code to accept Bitcoins at your store. Are there any costs associated with that to the customer or merchant though?
Customer would have to pay the TX fee (Which is a lot these days) and you'd have to pay 1% in case of BitPay and no fee if you use the QR print-out method. |
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Great, I think it's even better setting up an offshore exchange and have them deposited their funds in an account in India so that we will buy for less here and have it transferred to them so that we profit from the margins of the different market prices. I used arbitrage in gambling but I think it will suite this current trend in India.
I think this would be illegal at worst, and questionable at best. Moreover, moving money out of India is not that easy through Banking channels. |
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I cannot understand how the value in India are close to $3,500 whereas its a lot less in international market. Why would people buy at such high value? Can't they buy at an international exchange?
Most people can't, because International cards or wire transfers are required to be made. For those of us who can, it's a great arbitrage opportunity. |
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