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Author Topic: My first time utilizing the Bitcoin ATM….  (Read 297 times)
OGsmall (OP)
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February 18, 2024, 12:00:45 AM
 #1

Well, satisfy don't blame me I am just delighted about making some transactions on the machine today,
I have always wanted to see what it looks like most times I do see the pictures of it on the forum, many people do many a thread about it



How does it feel when you first make your first transaction on the Bitcoin AMT machine,
Well, I guess for most of us it has been a daily rationale for you guys well

Why I was this happy because, in my regional society, there is no such thing as Bitcoin ATMs.
Most people in my society don't have a better knowledge of Bitcoin, so I could not see the machine or have a better knowledge about it but I still memorized some techniques on how it  Also with the help of this forum I got to learn about it and how to make transactions and also to deposit
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February 18, 2024, 12:06:32 AM
 #2

Is there any crypto ATM in Nigeria? If yes I will like to get few location to them.

Bitcoin ATM most that I have read about have a very high rate compare to current market price there price is always higher  so its not even a good thing to make good use of it to buy bitcoin.

If you truly used the bitcoin ATM like you claim could you please share us some light as to how the process started and how it ended and which option you used deposit or withdrawal?

With your post history I just finds it hard to buy your story any more.

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February 18, 2024, 12:26:42 AM
 #3

That's great, i haven't found Bitcoin ATM in my city yet, but when i see one i will use it for sure. But i have some questions for you.

1.- How high were the fees on that ATM?
2.- Were the fees based on a % of the transaction or were they constant fees?
3.- How much was the minimum transaction?
4.- If you make a depo in bitcoin does it wait for 1 confirmation to give you the cash?

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February 18, 2024, 12:38:37 AM
Merited by The Sceptical Chymist (5), ABCbits (3), mk4 (2), Despairo (1)
 #4

It's just an image taken from Google. The image you used can be found here: https://coinatmradar.com/bitcoin_atm/39163/bitcoin-atm-general-bytes-lagos-ci-cryptosolutions/



According to Google data, the ATM is located at:


I wonder why this member often makes up questions, and I think it's just a lie about him using a bitcoin ATM.

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February 18, 2024, 12:48:11 AM
 #5

So.. if you actually utilized a Bitcoin ATM.. probably describe your experience in utilizing one? The only quote that is borderline about your experience is just that you were happy when you found out that your region had a Bitcoin ATM lmao, and the rest of the thread is pretty much just fillers.

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February 18, 2024, 12:54:35 AM
Last edit: February 18, 2024, 08:06:21 PM by Mr. Big
 #6

Is there any crypto ATM in Nigeria? If yes I will like to get few location to them.

Bitcoin ATM most that I have read about have a very high rate compare to current market price there price is always higher  so its not even a good thing to make good use of it to buy bitcoin.

If you truly used the bitcoin ATM like you claim could you please share us some light as to how the process started and how it ended and which option you used deposit or withdrawal?

With your post history I just finds it hard to buy your story any more.
Politely op for your knowledge I suppose there are two Bitcoins ATMs in Nigeria
Op well I live in Lagos so there is one over there in my area is presently at 1 Dazey Lounge Lagos Nigeria
You can take a look at it on the map here


Well their dedication rate is too high well when I got there I bought a Bitcoin worth 100$ and the gas fee I was to pay was close to 20$.
But most said if one is lucky they can charge 10$ or 15$ what they said but for me, I don't believe that.



It's just an image taken from Google. The image you used can be found here: https://coinatmradar.com/bitcoin_atm/39163/bitcoin-atm-general-bytes-lagos-ci-cryptosolutions/



According to Google data, the ATM is located at:


I wonder why this member often makes up questions, and I think it's just a lie about him using a bitcoin ATM.

Op please what do you mean by calling me an untruth person op let's be watchful of our tough .
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February 18, 2024, 02:08:15 AM
 #7

Fabricated stories, liars want to earn merit income by cheating scams.
 
OGsmall pls you post one I want to hear more of your story, you are a drama film big producer so the audience won't understand. If you feel like you are still living in a fool's paradise, but remember that everyone is a fool and everyone understands this trap of yours.

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February 18, 2024, 02:10:38 AM
 #8

Well, satisfy don't blame me I am just delighted about making some transactions on the machine today,
I have always wanted to see what it looks like most times I do see the pictures of it on the forum, many people do many a thread about it



How does it feel when you first make your first transaction on the Bitcoin AMT machine,
Well, I guess for most of us it has been a daily rationale for you guys well

Why I was this happy because, in my regional society, there is no such thing as Bitcoin ATMs.
Most people in my society don't have a better knowledge of Bitcoin, so I could not see the machine or have a better knowledge about it but I still memorized some techniques on how it  Also with the help of this forum I got to learn about it and how to make transactions and also to deposit

Lol Deposit,

This story of yours couldn't fool anyone, got caught in the beginning. They must be punished so that no other system can be implemented in the future.

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February 18, 2024, 02:39:08 AM
 #9

I think this is a fabricated story because though the initial ban placed on cryptocurrency in Nigeria have been lifted but regardless of that the physical exposure of Bitcoin hodlers is minimal in Nigeria because a lot of people are still afraid if the ban that was lifted isn't a strategy to apprehend crypto investors and in Nigeria most people talking about Bitcoin or investing on Bitcoin are rather anonymous than being visible to the public and a user here @PytagoraZ has confirmed that the images are gotten from Google so you should come out with more convincing stories rather than fabrications.

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February 18, 2024, 02:51:42 AM
 #10


Many people have proved that your story is completely false, even the image of the Bitcoin ATM machine you added to your post was directly downloaded from Google and posted here.I don't know if you have directly used bitcoin ATM machine maybe this is a false argument of yours. As a member here already said if you use bitcoin ATM machine answer that question correctly.

If you answer this member's question correctly, we will believe that you may have actually used that ATM machine.

1.- How high were the fees on that ATM?
2.- Were the fees based on a % of the transaction or were they constant fees?
3.- How much was the minimum transaction?
4.- If you make a depo in bitcoin does it wait for 1 confirmation to give you the cash?

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February 18, 2024, 03:42:49 AM
 #11

Op, you have the responsibility to clarify @PytagoraZ findings, including the source from which you took the photo. Your story is starting to be doubted by other users because there are elements of lies in it, stop claiming something you never did. Answering @seoincorporation's question will probably remove other users' assumptions that you have spread lies here with images downloaded from Google.

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February 18, 2024, 04:01:29 AM
Last edit: February 18, 2024, 02:07:55 PM by DapanasFruit
 #12


Why I was this happy because, in my regional society, there is no such thing as Bitcoin ATMs. Most people in my society don't have a better knowledge of Bitcoin, so I could not see the machine or have a better knowledge about it but I still memorized some techniques on how it  Also with the help of this forum I got to learn about it and how to make transactions and also to deposit.


In my entire life, I have never seen, touched nor used an ATM machine for Bitcoin. Certainly, this is not yet popular here in my country and it can take maybe another decade before I can see one in at least some major cities or locations. I too am looking forward to see it and so some transaction with it. I am just wondering: is it just like a normal ATM where you need a card to be able to withdraw some cash? I am hoping that you did make video with the whole thing so we can see some semblance of that actual beast in action. The only problem am seeing is that many operators of Bitcoin ATM are reportedly not doing a profitable business so that is why this is not growing a lot.

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February 18, 2024, 04:11:20 AM
 #13


The first time I ever used a bitcoin ATM was in Japan, back in 2019 when there still were some ATMs. It was surprisingly easy and I got the coins real quick. The fee was also still "ok" compared to later experiences in other countries and ATMs.

Back then I paid like 6% in fees which of course is not low but also below standard, at least in Asia.

In Taiwan I used ATMs a lot to get money for living expenses and so on, because my credit card ran out of time and I was basically stuck there until Japan reopens the border (covid time).
The fees though have been horrendous. At the first ATM I used in Taipei the fee was like 15-18% for buying, and similar for selling.
And 1 time I sold a little bit of btc for around 400$, which was around 12000NT$ local currency. For some reason the ATM was out of "big bills", 1000NT$ is the biggest common bill, so it gave me 120 100NT$ bills. That was quite stressful and took a long time cause the bills came out one by one.

Lucky I later found a much better ATM which had better fees, but still around 10%  Roll Eyes . And for some reason all ATMs stopped buying btc and just sold (as well as other currencies), that was quite annoying.

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February 18, 2024, 04:19:27 AM
 #14

I wonder why this member often makes up questions, and I think it's just a lie about him using a bitcoin ATM.
To earn merit which required if you want to rank up, then participate in a signature campaign, nothings new right?

Fortunately @OP has been tagged with neutral tag, so it will warn other users before meriting his post.

If you answer this member's question correctly, we will believe that you may have actually used that ATM machine.
Without using ATMs, people can do own research and answer those questions.

There's no point to wait for @OP to answer because he will keep lying.
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February 18, 2024, 04:38:08 AM
 #15

I haven’t had the chance yet to explore a Bitcoin ATM. I'm not aware if there is one already in our country, and if there is, it might be far from my location or only available in the capital.

Hi OP, can you provide additional details or evidence to support your claims, such as a picture of yourself at the ATM or a transaction receipt?

Anyway,  I found this typical process on the internet for using a Bitcoin ATM:
1. Verification: Some machines require some form of identity verification. This could be a simple SMS verification or even ID scan in some cases.
2. Provide Bitcoin Address: You’ll need to enter your Bitcoin address, usually by scanning the QR code from your digital wallet.
3. Insert Cash: Insert the amount of cash for which you want to buy Bitcoins.
4. Confirm Operation: Confirm the operation and check your Bitcoin wallet for the new balance.

It’s always a good idea to be aware of the fees before making a transaction; fees can vary greatly depending on the Bitcoin ATM provider.

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February 18, 2024, 04:57:08 AM
 #16

We who are Bitcoin users have different dreams about Bitcoin. Some may dream of buying various things with Bitcoin and some may dream of making various payments with Bitcoin. The people of countries where Bitcoin is not allowed, but even if they have such wishes, they cannot fulfill those wishes because Bitcoin is banned in their country. Bitcoin ATM is one of them, in countries where bitcoin is not allowed but we will never see bitcoin ATM but in countries where bitcoin is directly allowed but it is seen that people are doing bitcoin transactions through ATM. First of all you are a bitcoin user and you might be seeing this first bitcoin ATM in reality which has created a very happy moment for you.

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February 18, 2024, 05:05:11 AM
 #17

Well, that's nice you already tried to use one I mean a must try sort of thing as an enthusiast but I am wondering about the fees, as we all know transaction fees over an ATM is overpriced I've heard of it here in my country when my fellow countrymen used one some years ago.



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February 18, 2024, 05:07:39 AM
 #18

Been maybe 10 years since I used a Bitcoin ATM.

I used it maybe 2 times. Once to buy and once to sell. I remember buying was easy because you put in some cash and then you show the machine your QR code and it will send you the bitcoins, was pretty instant.

Selling was more difficult. Because most of the time the bitcoin atm had the feature disabled. The one time it did work you had to come back when the transaction confirmed and then you would get your cash, it looks a while if the mempool was back logged.

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February 18, 2024, 05:11:44 AM
 #19

Well, satisfy don't blame me I am just delighted about making some transactions on the machine today,
I have always wanted to see what it looks like most times I do see the pictures of it on the forum, many people do many a thread about it
I'll be honest: I would never use one of those machines for a few reasons: first of all usually they have very high commission compared to an exchange, and that for me would be more than enough to avoid them. Secondly, I would add also a security problem: someone could wait outside and follow you home with the intent to rob your wallet. Maybe that was the first time you ever bought bitcoin, maybe you have a ton of them at home, who knows, that person for sure doesn't know and could have his own ideas about what you own...

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February 18, 2024, 09:26:09 AM
 #20

Unfortunately there is no Bitcoin ATM in my city. I really want to use Bitcoin ATM to get its user experience. I don't know if it will ever come to my Luck, but bro, you are very happy that you have got Bitcoin buy sell user experience using ATM. I have heard from many people that Bitcoin buying price is very high.  More so than in normal market if you tell what is true in ATM.

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