Australian Newsstands to Sell Bitcoin Over-the-Counter

[Bitcoinpro]

4% commission wouldnt be too bad if it wasnt going to the evil Murdoch empire.

Well killing people to sell papers is kinda how all the media works

[bitkilo]

4% commission wouldnt be too bad if it wasnt going to the evil Murdoch empire.

Well killing people to sell papers is kinda how all the media works

Would you shut the fuck up. All you posts are way off topic and your talking like you are on crack.
Seriously piss off till you come down off that shit, then you can come back and delete all your usless posts.

[Yakamoto]

you need upload id to buy bitcoins there

Which makes sense, it would potentially be a hot-spot for criminals aiming to launder their money if they had the capacity to just sell their Bitcoin over-the-counter with no other safe-guards in place. If a criminal really wants to launder his money there are plenty of other ways, and this form of sale specifically caters more to normal and average consumers as opposed to extremes. This is better for business because it should (hopefully) mean that there are fewer people giving the location a bad image and more normal people able to get into Bitcoin without an issue.

[Wendigo]

Very cool.   Surprised that it's newsstands that are doing this.  There aren't many of them left since the internet kinda sorta put newspapers out of business.  It's ironic.

Well at least in Europe we have a lot of newsstands selling stuff ranging from lottery tickets to prepaid cards to newspapers and magazines so I wouldn't say that digital press has put paper out of business yet and I am seeing a lot of customers queuing up to buy things from kiosks every day. The business is certainly not dead and the Australian startups have surely analyzed the market situation before coming up with this business plan because selling Bitcoin from kiosks which have a great exposure to the general population is pretty much an untapped market in my opinion. I would love to see this implemented throughout Europe as well and if it will have lower taxes than ATM's it would be very much appreciated 

[Bitcoinpro]

4% commission wouldnt be too bad if it wasnt going to the evil Murdoch empire.

Well killing people to sell papers is kinda how all the media works

Would you shut the fuck up. All you posts are way off topic and your talking like you are on crack.
Seriously piss off till you come down off that shit, then you can come back and delete all your usless posts.

Well that's Wat u call crak rage 

[avikz]

Sounds good enough! But what about the anonymity??

Do you need to submit ID card or social security number to buy bitcoin from newstands or it can bought without any of these?

The fees sounds good at 4% only for hands on delivery of bitcoins.

[Bitcoinpro]

Sounds good enough! But what about the anonymity??

Do you need to submit ID card or social security number to buy bitcoin from newstands or it can bought without any of these?

The fees sounds good at 4% only for hands on delivery of bitcoins.

Drivers license

Also reguarding the 4% fees if it sounds too good to be true

it probably is, no doubt at 10% plus exchange markup price

[bitkilo]

Sounds good enough! But what about the anonymity??

Do you need to submit ID card or social security number to buy bitcoin from newstands or it can bought without any of these?

The fees sounds good at 4% only for hands on delivery of bitcoins.

Drivers license

Also reguarding the 4% fees if it sounds too good to be true

it probably is, no doubt at 10% plus exchange markup price

The 10% gst doesn't apply to buying coins anymore in Australia, only selling,  correct me if I'm wrong.

[Bitcoinpro]

Sounds good enough! But what about the anonymity??

Do you need to submit ID card or social security number to buy bitcoin from newstands or it can bought without any of these?

The fees sounds good at 4% only for hands on delivery of bitcoins.

Drivers license

Also reguarding the 4% fees if it sounds too good to be true

it probably is, no doubt at 10% plus exchange markup price

The 10% gst doesn't apply to buying coins anymore in Australia, only selling,  correct me if I'm wrong.

Nothing to do with gst, markup means charging a higher price than the exchanges price

[bitkilo]

Sounds good enough! But what about the anonymity??

Do you need to submit ID card or social security number to buy bitcoin from newstands or it can bought without any of these?

The fees sounds good at 4% only for hands on delivery of bitcoins.

Drivers license

Also reguarding the 4% fees if it sounds too good to be true

it probably is, no doubt at 10% plus exchange markup price

The 10% gst doesn't apply to buying coins anymore in Australia, only selling,  correct me if I'm wrong.

Nothing to do with gst, markup means charging a higher price than the exchanges price

So your saying you believe the agents are going to charge another 10% markup on top of the 4% fee?
Any proof?

[Bitcoinpro]

Sounds good enough! But what about the anonymity??

Do you need to submit ID card or social security number to buy bitcoin from newstands or it can bought without any of these?

The fees sounds good at 4% only for hands on delivery of bitcoins.

Drivers license

Also reguarding the 4% fees if it sounds too good to be true

it probably is, no doubt at 10% plus exchange markup price

The 10% gst doesn't apply to buying coins anymore in Australia, only selling,  correct me if I'm wrong.

Nothing to do with gst, markup means charging a higher price than the exchanges price

So your saying you believe the agents are going to charge another 10% markup on top of the 4% fee?
Any proof?

they haven't started selling yet is this supposed to be an idiot question

all agents have had pathetic markup prices, have u ever had any experience

changing currency with an agent?  U get massive markups on online exchange

prices, not to mention a 30% buy sell spread

[Superbitzz]

for what reason either they decided to sell the bitcoin and not to allow any body to do trade in bitcoin. or they want to sell thier bitcoin because the rate is too ight and they will wait tor lower rate after correction

[isvicre]

4% commission wouldnt be too bad if it wasnt going to the evil Murdoch empire.

Well killing people to sell papers is kinda how all the media works

No thats false.

[Carlton Banks]

4% commission wouldnt be too bad if it wasnt going to the evil Murdoch empire.

Well killing people to sell papers is kinda how all the media works

No thats false.

In a strange kind of way.... it's actually true. Maybe Bitcoinpro is just expressing it clunkily (I'm not totally convinced English is Bitcoinpro's native language). And he did say "kinda".

The phenomenon I believe he could be referring to is that of false flag wars/terrorist attacks. The media (including newspapers) are complicit, at some level or other, in selling the lies to the public that were targeted with a given attack. And so the newspapers aren't killing anyone anything close to directly, but when the overall long-term culture is examined, it's not unfair to say that newspaper magnates like Murdoch profit directly from war or terror events that they themselves know full-well are contrived stories. They could tell the real story, and choose not to.

[Bitcoinpro]

4% commission wouldnt be too bad if it wasnt going to the evil Murdoch empire.

Well killing people to sell papers is kinda how all the media works

No thats false.

In a strange kind of way.... it's actually true. Maybe Bitcoinpro is just expressing it clunkily (I'm not totally convinced English is Bitcoinpro's native language). And he did say "kinda".

The phenomenon I believe he could be referring to is that of false flag wars/terrorist attacks. The media (including newspapers) are complicit, at some level or other, in selling the lies to the public that were targeted with a given attack. And so the newspapers aren't killing anyone anything close to directly, but when the overall long-term culture is examined, it's not unfair to say that newspaper magnates like Murdoch profit directly from war or terror events that they themselves know full-well are contrived stories. They could tell the real story, and choose not to.

Hahaha u don't invent words like Cryptocurrency without English being your first language

your a shocker, kinda is slang and it's difficult for people of non English speaking back

ground to catch on to slang.

And haha I wasn't thinking of Sept 11 but ur absolutely right they participated full well

knowing how great a story it would make, it would be the only news story in history that

for now would trump Bitcoin for the amount of articles written. The media profit generated

and newspaper sales must have been in the Billion of USD they had their hands in the pie

alright a full fist

[Bitcoinpro]

Well the story says no ID required will be a cash only transaction

[Kprawn]

Australia really seems to be at the forefront of some very innovative technology, i think it is great for the aussies....

It was not always like this... A group of banks tried to sink the Bitcoin ship a while ago in Aus, by banding together and closing account of anyone linked to Bitcoin business. They were taken to court for

anti-competitive behaviour and they backed off. I am glad to see they are moving forward now, and pioneering new things. The Bitcoin ATM's were not very cheap, and the 4% commission will

stimulate interest from these newsstands. I just hope, many of them will accept Bitcoin payment... because it's one thing allowing people to buy Bitcoin, but they must have a place to spend it too. 

[Bitcoinpro]

Australia really seems to be at the forefront of some very innovative technology, i think it is great for the aussies....

It was not always like this... A group of banks tried to sink the Bitcoin ship a while ago in Aus, by banding together and closing account of anyone linked to Bitcoin business. They were taken to court for

anti-competitive behaviour and they backed off. I am glad to see they are moving forward now, and pioneering new things. The Bitcoin ATM's were not very cheap, and the 4% commission will

stimulate interest from these newsstands. I just hope, many of them will accept Bitcoin payment... because it's one thing allowing people to buy Bitcoin, but they must have a place to spend it too. 

The closing accounts covered every single BTC enterprise Australia wide

from PayPal usb erupter sales , to BTC exxhange bank accounts

they even closed accounts linked to Mtgox deposits, it was such dirty

corrupt behaviour, u think they could have offered jobs to Crypto users

to strengthen the banking industry instead they took the most stupid

absolutely dumb fuk choices they could possibly make!!!!

[DimensionZ]

So according to the article if the customer is paying with cash no ID verification is needed and the minimal amount to purchase Bitcoin with is 50 Australian dollars but they didn't mention what the maximum amount of Bitcoin one could buy is. I remember one French startup company that was going to introduce buying Bitcoin over the counter in shops but the maximum threshold for purchase without ID was around 50 euros so if the Aussies are not going to have a limit on the maximum purchasable amount that would be super cool. I would love it to be able to buy as much Bitcoin as I need along with my newspaper or magazine every day 

[Bitcoinpro]

CCTV will be used instead of ID wear hat n sunnies