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Author Topic: My first time using a Bitcoin ATM  (Read 564 times)
molsewid
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November 21, 2021, 04:53:13 AM
 #81

I think the need to be able to get a bitcoin ATM is definitely a good thing, but maybe a country that already recognizes bitcoin or crypto as a legal medium of exchange can certainly provide this need.
because one day an ATM is needed to facilitate transactions that we can do when we travel.

the impact of the existence of an ATM will clearly make trust in bitcoin higher and many understand what bitcoin means. it will make bitcoin more sought after and made a pretty good investment.

Be happy that you can enjoy a bitcoin ATM because the convenience is right in front of your eyes and you just have to use it, for countries that do not yet have an ATM, there is no need to be discouraged because the benefits are adjusted to the conditions of each country.

OP didn't mentioned where country he's residing but on the thought of the thread I am already assuming that it is in El Salvador because so far this is the only country I've known that was already legalize bitcoin and adopting the use case of this digital finance. Honestly, I would like to experience too how to withdraw an asset to fiat with the use of Bitcoin ATM but sadly here in my country cryptocurrency is not legal and I'm afraid that the government may already take action to ban any transaction regarding crypto, so far up to date there's no legal action that they have taken and I take advantage to maximize the use of my crypto.
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November 21, 2021, 05:33:02 AM
 #82

Hello everyone, I am writing this post, because yesterday, was the first time I ever used a Bitcoin ATM machine. I will be talking about my experience in this post.

So first off, I was asked a phone number for a verification code and then, I had to scan my Bitcoin address QR code. I then inserted 100$ of liquid money into the machine and recieved a notification on my phone telling me that the transaction went through successfully.

I was very surprised because I didn't think that the proccess would be that fast. To be honest, I will definitly buy from Bitcoin ATM's in the future as I clearly see this as the safest and most anonymous way to buy Bitcoin.

Regards, excro  Wink

Yes, the Bitcoin ATMs are a great thing.
Unfortunately, this has not yet been widely established and is quite expensive with the fees.

And in most countries, unfortunately, the government is much interested in the fact that everything is done with ID and verification to prevent alleged possible money laundering ...
Therefore you can also say bye to anonymity in using Bitcoin-ATM's!

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so98nn
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November 21, 2021, 05:46:33 AM
 #83

Good to see someone sharing the experience of Bitcoin ATM. Unfortunately our country does not even have the legal tender for setting up the bitcoin ATM's. One brave man tried to install the Bitcoin ATM in Bangalore city of India, and boom the news was all over the newspaper next day and more over it was boom on the social network too.

And the surprise is yet to come. The following day Indian Police raided that mall and ceased the Bitcoin ATM. There was not even single man who was able to use the classic machine. Lolz.

Well, lucky those who has the machines installed in their countries and all of you must use it regularly as it reduces the efforts to go online make the transactions.  Smiley

Also, reading your post makes it clear that its very very easy job, just like using the traditional ATM's.
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