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Author Topic: So... anyone used those Canadian ATMs?  (Read 1272 times)
westkybitcoins
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November 05, 2013, 11:56:12 PM
 #1

I've seen video of one being used, and it looks very slick. But I'd like to hear an actual report on it from a forum member. Anyone?

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exstasie
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November 06, 2013, 01:14:19 AM
 #2

I would love to see a video of someone doing a transaction!

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November 06, 2013, 01:41:45 AM
 #3

cant wait try it

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November 06, 2013, 02:24:14 AM
 #4

At this point there is only one in Vancouver. When I go there I will probably give it a try.

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November 06, 2013, 02:49:04 AM
 #5

No, but they sound really convenient!
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November 06, 2013, 05:58:37 AM
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I was just there tonight.  There's a video somewhere, someone will bring it up here.

The use is pretty cool, you start with the screen where you choose "Buy, sell, or redeem code"

Then you scan your palm, and either create an account, or log in (all it takes is a palm scan)

If you're creating an account, it takes 6 palm scans and an email address, then <5 min wait time.

After that, you estimate what you want to buy, and it shows the exchange rate (a bit high, but still good)

then you get a receipt

Then you choose where the coins go, you can either deposit to your phone, or get a paper wallet generated

Then deposit cash, and voila!

Theres a bit of a wait to get the funds, maybe 15 min?  Then you have to wait for confirmations.

I havent done selling, but I assume its the same.  The sell price is really good, basically the same as online exchanges.  Sell was at 245, buy was 270 today.

Redeem i think is you scan a paper wallet, and it gives you cash.
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November 06, 2013, 06:32:53 AM
 #7

What is the address for this ATM?  I can't wait to go see it  Grin

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November 06, 2013, 07:49:59 AM
 #8

It's @ waves coffee shop 900 Howe St but it wants face pics, ID scan, and palm scan so meh, not interested. I've even had people off localbitcoins meet me there to trade which takes less than 30 seconds, no ID, no scans and for cheaper rate lol
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November 06, 2013, 07:56:05 AM
 #9

If you are local to VC, i might bug you for the trade when I'm in the area!

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November 06, 2013, 08:02:10 AM
 #10

It's @ waves coffee shop 900 Howe St but it wants face pics, ID scan, and palm scan so meh, not interested. I've even had people off localbitcoins meet me there to trade which takes less than 30 seconds, no ID, no scans and for cheaper rate lol

I used the machine this past weekend and was impressed.  It takes a bit of time to "teach" the machine your palm (you need to scan your palm several times and then wait 5 min), but after that, all subsequent transactions are fast and simple.  You can feed the machine a big stack of cash and it eats it quickly and without missing a beat.

A couple of the guys from Bitcoiniacs (the owners of the machine) were there too, and it was nice to get to chat with them face to face.  

I wanted to point out for posterity that the machine DOES NOT scan your ID, DOES NOT require a picture of your face, and DOES NOT require your email address.  The only required personal information is the palm scan.  Yes, there is a security camera (like most ATMs), but you could wear those glasses with the moustache and funny nose if you wanted to "trick" the webcam.  But seriously, Robocoin and Bitcoiniacs have done an excellent job adhering to the $3000 / day limit imposed by Canadian law while still respecting our privacy.  


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westkybitcoins
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November 06, 2013, 10:55:37 PM
 #11

It's @ waves coffee shop 900 Howe St but it wants face pics, ID scan, and palm scan so meh, not interested. I've even had people off localbitcoins meet me there to trade which takes less than 30 seconds, no ID, no scans and for cheaper rate lol

I used the machine this past weekend and was impressed.  It takes a bit of time to "teach" the machine your palm (you need to scan your palm several times and then wait 5 min), but after that, all subsequent transactions are fast and simple.  You can feed the machine a big stack of cash and it eats it quickly and without missing a beat.

A couple of the guys from Bitcoiniacs (the owners of the machine) were there too, and it was nice to get to chat with them face to face.

I wanted to point out for posterity that the machine DOES NOT scan your ID, DOES NOT require a picture of your face, and DOES NOT require your email address.  The only required personal information is the palm scan.  Yes, there is a security camera (like most ATMs), but you could wear those glasses with the moustache and funny nose if you wanted to "trick" the webcam.  But seriously, Robocoin and Bitcoiniacs have done an excellent job adhering to the $3000 / day limit imposed by Canadian law while still respecting our privacy. 



Nice!

For those wanting more, here's an article on the ATM, with the video embedded:

http://www.coindesk.com/robocoin-launches-bitcoin-atm-vancouver/

If you only want the video, here's the Youtube link:

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

Bitcoin is the ultimate freedom test. It tells you who is giving lip service and who genuinely believes in it.
...
...
In the future, books that summarize the history of money will have a line that says, “and then came bitcoin.” It is the economic singularity. And we are living in it now. - Ryan Dickherber
...
...
ATTENTION BFL MINING NEWBS: Just got your Jalapenos in? Wondering how to get the most value for the least hassle? Give BitMinter a try! It's a smaller pool with a fair & low-fee payment method, lots of statistical feedback, and it's easier than EasyMiner! (Yes, we want your hashing power, but seriously, it IS the easiest pool to use! Sign up in seconds to try it!)
...
...
The idea that deflation causes hoarding (to any problematic degree) is a lie used to justify theft of value from your savings.
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November 07, 2013, 01:24:32 AM
 #12

I have.

It works real well for a first try.

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November 08, 2013, 07:30:28 PM
 #13

Its so nice to hear that there are so manny ATM's coming up everywhere. It really makes people who have not been using bitcoins yet to see it as a currency used around the world and not se it as some risky bubble. I hope there will come some ATM's in the uk Smiley
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November 08, 2013, 07:42:22 PM
 #14

I'd like to see some bitcoin atm's installed in Dubai. I think that would help a lot.

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