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Author Topic: Buy Bitcoin at Safeway  (Read 157 times)
abderrazak belkhir
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March 29, 2021, 03:56:32 AM
 #21

I dont see any need to buy bitcoin through atm while there are many good exchanges where you can buy easily at the real price...many exchanges now support fiat deposite and binance is one of them and i believe by the time many people arround the world will be able by the time to buy bitcoin directly using cash

Atm are safe comparable to p2p buying but 10% is really expensive especially for huge transactions

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AniviaBtc
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March 29, 2021, 08:58:19 AM
 #22

Saw the coin machine but the price was around 10 percent higher.
That's bitcoin ATM right? They are supposed to charge at a higher rate since they're also trying to make a profit from selling you BTC. You can go directly to centralized exchanges that offers spot trading like Binance if you want to buy at market rate.

I thought title was a mistake and it should be "safe way". I found out it's a grocery store.

I also thought about that, I didn't know that safeway is really a grocery store but it is good to know about this.

Bitcoin ATM is also a good business to invest especially that fees are made so that companies who own it will also benefit that machine.

I tried buying in a certain platform and I think it is much easier for me, especially that I've studied the exchange first before I make transactions with it. If Bitcoin ATMs are available in your area then that's good for you because you will experience how bitcoin is evolving.

chainganginc
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March 29, 2021, 09:49:02 AM
 #23

You can check Bitcoin ATM at https://coinatmradar.com/bitcoin-atm-map/
I try but can not find any manufacturer has a name as Safeway or Safe way: https://coinatmradar.com/manufacturers/

What's wrong?

Coinstar and Coinme have 5607 locations: https://coinatmradar.com/manufacturer/103/coinstar-and-coinme-bitcoin-atm-producer/

Safeway is a grocery store
chainganginc
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March 29, 2021, 09:51:19 AM
 #24

I dont see any need to buy bitcoin through atm while there are many good exchanges where you can buy easily at the real price...many exchanges now support fiat deposite and binance is one of them and i believe by the time many people arround the world will be able by the time to buy bitcoin directly using cash

Atm are safe comparable to p2p buying but 10% is really expensive especially for huge transactions

idk its available though if you want to buy
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March 29, 2021, 12:28:40 PM
 #25

Saw the coin machine but the price was around 10 percent higher.
That's bitcoin ATM right? They are supposed to charge at a higher rate since they're also trying to make a profit from selling you BTC. You can go directly to centralized exchanges that offers spot trading like Binance if you want to buy at market rate.

I thought title was a mistake and it should be "safe way". I found out it's a grocery store.

yea, its a grocery store should have took a pic. The i think that was Coinstar but Bitcoin of America ATM was around 10 thousand dollars more.  Shocked
Wow, 10k above the current price that is almost 20%, that is not a small amount at all, if you really want to buy bitcoin then use exchanges since you are only going to need to pay a slight amount over the current price, now if you want to retain some level of privacy maybe peer to peer trades could be a better choice for you and the best part is that even if the price you will have to pay will be higher it is not going to be anywhere close to the ridiculous fees those ATMs charge you.

10% not $10K
As I said in areas that do not have competition that seems to be the normal amount.
It's like a lot of things, if you are the only place that people can get your thing in the local area you can get away with charging a lot more.
Once competition shows up you have to change your ways, but in the beginning you can charge what you like up to a point.

-Dave

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pankowri
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March 29, 2021, 01:44:08 PM
 #26

Buy safely or buy cheaper is different issues,  there are many ways to buy BTC safely then you may pay little bit more than the regular. If you want to buy in a cheaper rate then you aware more so you have to khow well about all the way then it will help you to take decision.

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