Trying the new Bitcoin ATM near my house

[LeGaulois]

Nice video showing your favorite Bitcoin ATMs and how to use it. I didn't know it is so easy to use it to buy your bitcoin. Yes the rate is a bit higher but that didn't surprised me. I never see one until today, thanks for sharing. By the way, this ATM is from BitcoinBrains but do you know any company building/selling such machine? I am just curious

[btcdiggingmaster]

Nice, Even we are also waiting for bitcoin ATM in our country. In my country, there are many people who are supporting bitcoin, so very soon our government can able to set up bitcoin atm machine. Once the atm machines spread to different parts of countries so that every country will start legalizing the bitcoin.

[sportis]

People many times prefer to buy or sale bitcoin using the cryptocurrencies ATMs, usually because they afraid the person to person transactions, but unfortunately the rate there is very high. In my area there are 2 atm where the buy is kraken or average price plus 8%. Therefore for me is better to use an exchange like this in my signature.

[roadbits]

People many times prefer to buy or sale bitcoin using the cryptocurrencies ATMs, usually because they afraid the person to person transactions, but unfortunately the rate there is very high. In my area there are 2 atm where the buy is kraken or average price plus 8%. Therefore for me is better to use an exchange like this in my signature.

Yes dealing with the machine is better than dealing with a person. With the person, we may get the cheat, but the machines will not cheat us easily. And I think the charges is common in all country. It's 8 to 10% charge. But it is safe to compare other type of exchanges. In my country still, it's not coming don't know when it will come. My country people are also waiting for this Bitcoin ATM.

[paul gatt]

I've heard a lot about ATM bitcoin, however, I have never experienced it. It's a far cry from my country. It is too poor and backward, bitcoin is not possible for everyone. I really want to know how it works, thanks for your video tutorial, it was awesome. I wish I could live in your country, where technology evolves, and bitcoin ATM is just a normal thing. I do not know when I can use it. I wish I could use it soonest.

[Juggy777]

I've heard a lot about ATM bitcoin, however, I have never experienced it. It's a far cry from my country. It is too poor and backward, bitcoin is not possible for everyone. I really want to know how it works, thanks for your video tutorial, it was awesome. I wish I could live in your country, where technology evolves, and bitcoin ATM is just a normal thing. I do not know when I can use it. I wish I could use it soonest.

Which is your country mate, I am sure it will come to your country to. You are lucky op that you already have a atm installed in your place. But what I have usually heard is the rate the transaction happens are usually very high. So beware of it, even if you just want to try it. Also make sure you execute it properly cause if a transaction is a error who will you complain to

[daringdiscovered]

I also wish that there would be an ATM in my country as with ATM we can use our bitcoin very easily in our country we can spend our bitcoin even in those places where there will not be any connection to our phone so we will go to ATM and will withdraw our money for our needs.

Trust me, this Bitcoin's ATM that you are wishing for will just ask you high transaction fees when you sre going to use it, and besides why would you guys want to spend bitcoin in everything that you do in your everyday lives when you could simply use fiat since it is the usual thing that we use in our everyday expenses, and don't you think that you could lose profits when you are going to use it on everything, I mean, you could get more profit when you are going to save it and hold it in the long run.

[maydna]

its good to see that finally OP have new experience when using bitcoin ATM and he tells us how it feels with the video. i hope in future, we can see that there is bitcoin ATM available in many place and many country so we can trying to use it like what the OP do. but for now, as bitcoin ATM is still difficult to found, i think i still use third service that will help me to withdraw or exchange my bitcoin into fiat and i am really satisfied for now with the service.

[asuryan180]

That's great,it's always nice hearing such stories and at least people will get curious what this is for and hopefully get introduced to BTC that way.And for us,this is a win situation because we got to use what has been made and benefit from the publicity that BTC will get and eventually lead to increase in it's usage.I often think that a great idea would be to make some kind of banner and put it on a sign saying "BTC-keep your cash" for example.And get people to wonder what that is and then tell them-hey,you have to hear about BTC

[LLec]

Nice to see more atm's available and especially in a high traffic area like a mall where they can get alot of public exposure.

[PrintCoins]

Nothing about the fees in your video - interesting.
I understand that it's a paid video, but still - you should be open and honest about everything.
And as usual - it requires ID - of course they are trying to control and track users.
No ATM's for me, thank you.

[shield132]

Great video, I didn't know if this process of withdrawing bitcoins was like you showed us. In my situation, I have bank's card with very, very low exchange rate (that's great for me) and when I want to withdraw money, it automatically converts btc into local currency.
And ATM which you showed us, is great way for people which is using blockchain.info's wallet or other wallets, it's great especially when you want to withdraw money from bitcoin gambling websites.

[xcajun21]

People many times prefer to buy or sale bitcoin using the cryptocurrencies ATMs, usually because they afraid the person to person transactions, but unfortunately the rate there is very high. In my area there are 2 atm where the buy is kraken or average price plus 8%. Therefore for me is better to use an exchange like this in my signature.

Yes dealing with the machine is better than dealing with a person. With the person, we may get the cheat, but the machines will not cheat us easily. And I think the charges is common in all country. It's 8 to 10% charge. But it is safe to compare other type of exchanges. In my country still, it's not coming don't know when it will come. My country people are also waiting for this Bitcoin ATM.

8% - 10% Is quite high. I'm guessing a good deal would be to get 5% or 10% spare change - poker change, so the sum is meaningless, but the value of the machine higher.

[TTMNewsK]

I wish that there's also Bitcoin Atm in my country so I will try to use it.
Bitcoin Atm is a great way and also an easy way for many people to cash out their money.

[dearbesz1219]

There's a new Bitcoin ATM in the mall down the block from me, so I went over and checked it out.

https://www.youtube.com/watch?v=xajKjxxRL04

Having an a ATM near at my house it means the community in my location is already a bitcoin fanatic or bitcoin users. Because it will be useless to put bitcoin ATM in one area if there is no bitcoin users.

[ilovefeetsmell]

There's a new Bitcoin ATM in the mall down the block from me, so I went over and checked it out.

https://www.youtube.com/watch?v=xajKjxxRL04

Nice to hear that you have Bitcoin ATM bank near you. You're very lucky of having that. It is very convenient and no more hassle to convert your bitcoin into fiat currency. I hope it will have in every country, I will be thankful to have that. No need to validate my identification to get my money. It is so envied but it's okay. I know that some countries weren't accepted the bitcoin because of their government policy.

[xypos]

Gosh... the rate is extremely high at CAD$1820 per BTC (CAD$20 for 0.01099BTC). Current rate is only around CAD$1520!

It is always more expensive to sell/buy BTC on ATM,than on some exchanges.There is posted here some list of products you can buy for BTC and there is ATM for some 9+BTC,and if I remember exactly they say time to return investment is around 3 months.

It is nice to have ATM to buy BTC or exchange for fiat,but for now it is much expensive then exchanges,but in any case much easier and simpler.

I think that using bitcoin ATM is pretty much stupid right now, i cannot see why anyone who has a lot of money invested in btc would use something like that because of the big difference in value.

After all, if you have bank account then it is not useful nor comfortable because you need to go somewhere if you want to convert crypto into fiat cureemcy, and online exchange is much easier and faster in my opinion.

If bitcoin ATMs are totally anynomous (which i doubt is true) then they might be used for that purpose usually, however i dont see point im using it when the value of owned btc is lower because of atm maintenance etc

[Daniel91]

Gosh... the rate is extremely high at CAD$1820 per BTC (CAD$20 for 0.01099BTC). Current rate is only around CAD$1520!

It is always more expensive to sell/buy BTC on ATM,than on some exchanges.There is posted here some list of products you can buy for BTC and there is ATM for some 9+BTC,and if I remember exactly they say time to return investment is around 3 months.

It is nice to have ATM to buy BTC or exchange for fiat,but for now it is much expensive then exchanges,but in any case much easier and simpler.

I think that using bitcoin ATM is pretty much stupid right now, i cannot see why anyone who has a lot of money invested in btc would use something like that because of the big difference in value.

After all, if you have bank account then it is not useful nor comfortable because you need to go somewhere if you want to convert crypto into fiat cureemcy, and online exchange is much easier and faster in my opinion.

If bitcoin ATMs are totally anynomous (which i doubt is true) then they might be used for that purpose usually, however i dont see point im using it when the value of owned btc is lower because of atm maintenance etc

I can't agree completely with you.
If you are in some new city, or country, and need your money quickly, what you will do?
Ask friends or parents to send you money with WU? Or International postal order? Bank wire?
All this ways are expensive, with big fees.
If you can find some bitcoin ATM with reasonable fees, why not?
Of course, I will never use bitcoin aTM for bigger amounts, but for quick, small cash, it's the best way, I think.

[Pencil Pastel]

I think that that is cool. I have heard some BTM have a high fee. Doesn't that defeat the purpose ?

[mace15]

This is awesome, bitcoin atm near in your house is great. It will be nicer if bitcoin atm will spread across over here in my country so anyone here can adopts bitcoin easily. Hoping this will came stand here for the most awareness of anyone of bitcoin here.