Bitcoin atm question

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  • daveydips
    SBR Rookie
    • 12-13-15
    • 45

    #1
    Bitcoin atm question
    I have a question about Bitcoin atm's hopefully somebody with experience with them could answer... I searched for atm locations and found a couple fairly close to me located in philly .. One of them was a Genesis brand and says you can convert coin to cash .. Do these machines require you to verify Identification in anyway ? Or can you just go there anonymous as hell and get cash for Bitcoin , I'm sure at a pretty steap % fee ? Any idea on limits ?

    Thanks
  • littlekona
    SBR Hall of Famer
    • 11-19-15
    • 5241

    #2
    I use Genesis for deposits as only one one wway macHines are In my area they charge 11% fee so I only use off hours when banks closed...you do have to give them your phone number so that text you a code...if deposits are more then 500$ there is another level of verification I think but may depend on machine owner
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    • Courtesywipe
      SBR MVP
      • 09-02-11
      • 1623

      #3
      Originally posted by littlekona
      I use Genesis for deposits as only one one wway macHines are In my area they charge 11% fee so I only use off hours when banks closed...you do have to give them your phone number so that text you a code...if deposits are more then 500$ there is another level of verification I think but may depend on machine owner
      When you go to machine and you transfer the deposit to your wallet, which do you transfer to?? Blockchain or my exchange? Thanks
      Comment
      • littlekona
        SBR Hall of Famer
        • 11-19-15
        • 5241

        #4
        Originally posted by Courtesywipe
        When you go to machine and you transfer the deposit to your wallet, which do you transfer to?? Blockchain or my exchange? Thanks
        I have always done right to blockchain with there phone app its normally instant or within 1/2 hr at max if slow blockchain which has happened 2 times...1 time though my phone was dead and there was option for paper wallet so I did that and worked fine too it printed out code and scan on receipt
        Comment
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