Would you normally trust a Bitcoin ATM?

[thejaytiesto]

Why not, haven't heard of any occurrence so far.

Well, this was pretty embarrassing:

https://www.youtube.com/watch?v=vnm4xFC2xNo

Never cashed out and dont plan to, but i hope ATM is working by then.

[newflesh]

Yeah I'd trust a btc ATM, you've got nothing to worry about unless.....

[SirChiko]

I trust BTC ATMs but only the established ones now the new companies till they aren't on market long enought time.

[Notanon]

I'd probably use $20 for an ATM I've never used before, and then go up from there once I've established it is trustworthy. Probably never more than $100 at a time, though.

[allthingsluxury]

Where is the risk in getting bitcoins?

You get the bitcoins...they can't be taken back.

Getting the bitcoins is the preferred outcome, however, there's a bit in the middle there where machine has your cash, and you have not got the bitcoins.

Yah this is a risk you have to take, although you'll know if you were ripped off almost immediately and then could deal with. I doubt someone would want to put their expensive machine in that dangerous situation.

[caga]

Where is the risk in getting bitcoins?

You get the bitcoins...they can't be taken back.

Getting the bitcoins is the preferred outcome, however, there's a bit in the middle there where machine has your cash, and you have not got the bitcoins.

Yah this is a risk you have to take, although you'll know if you were ripped off almost immediately and then could deal with. I doubt someone would want to put their expensive machine in that dangerous situation.

The cheapest bitcoin atm cost around 300-500$, and maybe if the owner gets a request for more, he could possibly keep your cash
JK, I don't think they will do this, there can be legal issues and their reputation would be at stake.

[thejaytiesto]

Well if you watch that video, you can see you risk not having your bitcoins delivered on time and being stuck on there, that would be hell. It definitely needs a lot of improvement and a better more anonymous and instant service.

[countryfree]

Yeah I'd trust a btc ATM, you've got nothing to worry about unless.....

Good pic. I guess I would not use a BTC ATM straight away after seeing it. I'll wait a while till I see some other people using it successfully.

[randy8777]

it depends on what kind of atm. i have read about atms that need to scan documents and such. these i will never trust. depends on the verification, really.

[jsgayo]

I have no experience Bitcoin ATM use and would like to try.

[bitcoinmind]

It's hard to trust Bitcoin ATM for me
Expect i can buy bitcoin with paper money and no camera nearby ATM

And not asking any personal information
Otherwise, i won't use bitcoin ATM

Do you think you'll ever have the BTC on paper?

[Flashman]

I am also guessing that confirmations might be an issue, if you are selling BTC(in the bidirectional ones), which might lead to waiting in lines.

I believe some of them print you a machine readable receipt and tell you to come back in 20 mins or so.

[BitCoinNutJob]

yes i would trust them with smaller amounts, just watch out for camera snapping your private keys or something, cover everything just like a pin.

[RodeoX]

Where is the risk in getting bitcoins?

You get the bitcoins...they can't be taken back.

Getting the bitcoins is the preferred outcome, however, there's a bit in the middle there where machine has your cash, and you have not got the bitcoins.

Oh I see. Well, in that case i would take a hammer to the machine and make it a very costly scam.