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Author Topic: Any risks buying ETH from an ATM?  (Read 152 times)
Werty9446 (OP)
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November 28, 2017, 01:12:55 PM
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Planning on getting some ETH with a shortened adress from bit.co.in from an ATM. Are there any risks?
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Even in the event that an attacker gains more than 50% of the network's computational power, only transactions sent by the attacker could be reversed or double-spent. The network would not be destroyed.
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November 28, 2017, 01:28:13 PM
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It should be relatively safe if the crypto ATM is actually legit(an actual legitimately registered business; with business permits, etc). The problem might be because of the address shortener; I haven't actually used one of those shorteners so I'm really not sure if it's safe to use an address from those shorteners or not.

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Werty9446 (OP)
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November 28, 2017, 01:35:33 PM
 #3

It should be relatively safe if the crypto ATM is actually legit(an actual legitimately registered business; with business permits, etc). The problem might be because of the address shortener; I haven't actually used one of those shorteners so I'm really not sure if it's safe to use an address from those shorteners or not.


A friend of mine used the shortener and had no problems with it, I just wanted to ask for an opinion.
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